Birkenstock Holding Correlations

BIRK Stock

50.82 3.22 6.76%

The current 90-days correlation between Birkenstock Holding plc and Glacier Bancorp is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Birkenstock Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Birkenstock Holding plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Birkenstock Holding Correlation With Market

Average diversification

The correlation between Birkenstock Holding plc and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Birkenstock Holding plc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Birkenstock Holding plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Birkenstock Stock

0.61	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.69	VMAR	Vision Marine Techno	Pair Corr
0.61	HOV	Hovnanian Enterprises Earnings Call This Week	Pair Corr
0.74	MOV	Movado Group Earnings Call This Week	Pair Corr

Moving against Birkenstock Stock

0.59	VOXX	VOXX International	Pair Corr
0.4	RL	Ralph Lauren Corp	Pair Corr
0.35	DOGZ	Dogness International Downward Rally	Pair Corr
0.32	AS	Amer Sports, Trending	Pair Corr
0.5	GIL	Gildan Activewear	Pair Corr
0.39	KTB	Kontoor Brands	Pair Corr
0.37	HBI	Hanesbrands	Pair Corr
0.44	TPR	Tapestry	Pair Corr

Related Correlations Analysis

	BCBP	DFS	GBCI	AROW	CPRX	AFSIP	CMWAY
BCBP		0.78	0.75	0.88	0.54	0.42	0.69	BCBP
DFS	0.78		0.96	0.88	0.76	0.73	0.64	DFS
GBCI	0.75	0.96		0.89	0.81	0.7	0.63	GBCI
AROW	0.88	0.88	0.89		0.67	0.56	0.74	AROW
CPRX	0.54	0.76	0.81	0.67		0.52	0.4	CPRX
AFSIP	0.42	0.73	0.7	0.56	0.52		0.59	AFSIP
CMWAY	0.69	0.64	0.63	0.74	0.4	0.59		CMWAY
	BCBP	DFS	GBCI	AROW	CPRX	AFSIP	CMWAY

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Risk-Adjusted Indicators

There is a big difference between Birkenstock Stock performing well and Birkenstock Holding Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Birkenstock Holding's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BCBP	1.60	(0.01)	0.06	0.12	1.85	(1.94)	3.75	(2.74)	15.33
DFS	1.97	0.15	0.22	0.17	1.47	(2.46)	4.04	(2.77)	24.36
GBCI	1.77	0.19	0.17	0.21	1.57	(2.05)	4.04	(3.32)	14.43
AROW	1.70	(0.02)	0.08	0.11	1.76	(1.97)	3.73	(3.25)	17.84
CPRX	1.45	(0.06)	(0.03)	0.06	1.73	(1.61)	2.92	(2.52)	9.53
AFSIP	1.02	0.14	0.01	5.56	1.27	(1.13)	2.92	(2.49)	7.09
CMWAY	0.92	0.16	0.06	0.67	0.84	(0.96)	2.12	(1.55)	4.85

Birkenstock Holding Corporate Management

Markus Baum	Chief Officer	Profile
Christian Heesch	Chief Officer	Profile
Volker Bach	Vice Accounting	Profile
Mark Jensen	Chief Officer	Profile

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