Brambles Correlations

BMBLF Stock

USD 14.83 0.91 5.78%

The current 90-days correlation between Brambles Limited and SGS SA is 0.24 (i.e., Modest diversification). The correlation of Brambles is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Brambles Correlation With Market

Significant diversification

The correlation between Brambles Limited and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brambles Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brambles could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brambles when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brambles - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brambles Limited to buy it.

Moving together with Brambles Pink Sheet

0.69	TRI	Thomson Reuters	Pair Corr
0.73	WTKWY	Wolters Kluwer NV	Pair Corr
0.76	WOLTF	Wolters Kluwer NV	Pair Corr
0.63	SDXAY	Sodexo PK	Pair Corr

Moving against Brambles Pink Sheet

0.67	RKLIF	Rentokil Initial plc	Pair Corr
0.62	SMFG	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.59	MFG	Mizuho Financial	Pair Corr
0.55	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.53	KB	KB Financial Group	Pair Corr
0.46	MZHOF	Mizuho Financial	Pair Corr
0.39	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.38	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.7	AER	AerCap Holdings NV	Pair Corr
0.65	LMND	Lemonade	Pair Corr
0.65	BORR	Borr Drilling	Pair Corr
0.63	FTI	TechnipFMC PLC	Pair Corr
0.6	02377BAB2	US02377BAB27	Pair Corr
0.58	NAUT	Nautilus Biotechnology	Pair Corr
0.58	GDYN	Grid Dynamics Holdings	Pair Corr
0.47	AAPL	Apple Inc	Pair Corr
0.39	BHC	Bausch Health Companies	Pair Corr
0.38	SHG	Shinhan Financial	Pair Corr
0.36	DC	Dakota Gold Corp	Pair Corr
0.75	TPB	Turning Point Brands	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.65	DGWR	Critic Clothing	Pair Corr
0.57	TGS	Transportadora de Gas	Pair Corr
0.56	SPGI	SP Global	Pair Corr
0.48	SSAAF	SSAB AB	Pair Corr

Related Correlations Analysis

	SGSOF	VWDRY	SGSOY	VWSYF	SGGKF	NNDNF	ALFVY	BEKAY	MTRJF	TTNDY
SGSOF		0.46	0.65	0.47	-0.22	-0.69	0.18	-0.73	0.0	-0.31	SGSOF
VWDRY	0.46		0.49	1.0	-0.67	-0.79	0.41	-0.73	0.0	-0.29	VWDRY
SGSOY	0.65	0.49		0.47	-0.19	-0.64	0.38	-0.63	0.0	-0.22	SGSOY
VWSYF	0.47	1.0	0.47		-0.68	-0.78	0.4	-0.73	0.0	-0.31	VWSYF
SGGKF	-0.22	-0.67	-0.19	-0.68		0.31	-0.56	0.32	0.0	-0.08	SGGKF
NNDNF	-0.69	-0.79	-0.64	-0.78	0.31		-0.1	0.92	0.0	0.44	NNDNF
ALFVY	0.18	0.41	0.38	0.4	-0.56	-0.1		-0.09	0.0	0.4	ALFVY
BEKAY	-0.73	-0.73	-0.63	-0.73	0.32	0.92	-0.09		0.0	0.41	BEKAY
MTRJF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MTRJF
TTNDY	-0.31	-0.29	-0.22	-0.31	-0.08	0.44	0.4	0.41	0.0		TTNDY
	SGSOF	VWDRY	SGSOY	VWSYF	SGGKF	NNDNF	ALFVY	BEKAY	MTRJF	TTNDY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VWSYF	+ 1.0	VWDRY
BEKAY	+ 0.92	NNDNF
SGSOY	+ 0.65	SGSOF
SGSOY	+ 0.49	VWDRY
VWSYF	+ 0.47	SGSOF
VWSYF	+ 0.47	SGSOY

High negative correlations

NNDNF	- 0.79	VWDRY
NNDNF	- 0.78	VWSYF
BEKAY	- 0.73	VWSYF
BEKAY	- 0.73	VWDRY
BEKAY	- 0.73	SGSOF
NNDNF	- 0.69	SGSOF

Risk-Adjusted Indicators

There is a big difference between Brambles Pink Sheet performing well and Brambles 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 Brambles' 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
SGSOF	2.18	0.20	0.02	(1.27)	2.73	(4.77)	5.74	(5.94)	17.63
VWDRY	1.87	0.60	0.27	(1.90)	1.39	(2.39)	5.85	(2.25)	22.20
SGSOY	0.73	0.16	0.09	1.17	0.88	(0.82)	1.39	(1.48)	5.78
VWSYF	1.79	0.54	0.28	2.24	1.23	(2.17)	5.33	(3.06)	14.78
SGGKF	0.76	(0.13)	0.00	(0.23)	0.00	0.00	0.46	(3.53)	17.81
NNDNF	1.85	(0.59)	0.00	0.89	0.00	0.00	2.07	(0.90)	39.16
ALFVY	1.05	0.17	0.10	0.92	0.94	(1.29)	2.36	(1.51)	5.73
BEKAY	0.33	(0.18)	0.00	4.36	0.00	0.00	0.00	0.00	9.22
MTRJF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTNDY	1.49	(0.19)	0.00	(0.11)	0.00	0.00	2.63	(3.21)	8.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brambles without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Brambles Corporate Management

David Cuenca	Pres Europe	Profile
Enrique Garcia	Chief Officer	Profile
Robert Gerrard	Group Company Secretary	Profile
Sarah Pellegrini	Chief Officer	Profile
Rodney Hefford	Chief Officer	Profile

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