Brambles Correlations

BMBLF Stock

USD 16.80 0.14 0.84%

The current 90-days correlation between Brambles Limited and SGS SA is 0.13 (i.e., Average 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

Weak diversification

The correlation between Brambles Limited and DJI is 0.39 (i.e., Weak 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

0.62	JLHL	Julong Holding	Pair Corr
0.66	BBDO	Banco Bradesco SA	Pair Corr
0.63	PRTS	CarPartsCom	Pair Corr

Moving against Brambles Pink Sheet

0.63	TLPFY	Teleperformance PK	Pair Corr
0.61	WTKWY	Wolters Kluwer NV	Pair Corr
0.59	TLPFF	Teleperformance SE	Pair Corr
0.58	TRI	Thomson Reuters	Pair Corr
0.55	WOLTF	Wolters Kluwer NV	Pair Corr
0.48	GPN	Global Payments Earnings Call This Week	Pair Corr
0.41	PBCRY	Bank Central Asia	Pair Corr
0.39	110122CP1	BRISTOL MYERS SQUIBB	Pair Corr

Related Correlations Analysis

	SGSOF	VWDRY	SGSOY	VWSYF	SGGKF	NNDNF	ALFVY	BEKAY	MTRJF	TTNDY
SGSOF		0.35	0.64	0.34	0.74	0.56	0.68	0.63	0.6	0.73	SGSOF
VWDRY	0.35		0.56	0.99	0.29	0.66	0.75	0.7	0.76	0.42	VWDRY
SGSOY	0.64	0.56		0.57	0.83	0.82	0.88	0.86	0.75	0.84	SGSOY
VWSYF	0.34	0.99	0.57		0.29	0.67	0.75	0.71	0.77	0.44	VWSYF
SGGKF	0.74	0.29	0.83	0.29		0.68	0.77	0.75	0.6	0.86	SGGKF
NNDNF	0.56	0.66	0.82	0.67	0.68		0.86	0.88	0.84	0.75	NNDNF
ALFVY	0.68	0.75	0.88	0.75	0.77	0.86		0.88	0.91	0.89	ALFVY
BEKAY	0.63	0.7	0.86	0.71	0.75	0.88	0.88		0.77	0.77	BEKAY
MTRJF	0.6	0.76	0.75	0.77	0.6	0.84	0.91	0.77		0.77	MTRJF
TTNDY	0.73	0.42	0.84	0.44	0.86	0.75	0.89	0.77	0.77		TTNDY
	SGSOF	VWDRY	SGSOY	VWSYF	SGGKF	NNDNF	ALFVY	BEKAY	MTRJF	TTNDY

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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	1.83	0.14	0.02	0.36	2.27	(4.84)	6.36	(5.75)	17.76
VWDRY	1.71	(0.02)	0.00	0.04	2.50	(1.82)	3.90	(3.55)	16.06
SGSOY	0.99	0.10	0.05	0.27	1.23	(1.09)	2.05	(2.67)	6.14
VWSYF	1.88	(0.01)	0.00	0.05	2.52	(2.00)	4.37	(3.43)	18.20
SGGKF	1.40	0.24	0.07	0.31	1.34	(4.94)	7.09	(2.98)	17.81
NNDNF	0.69	0.25	0.00	(0.46)	0.00	0.00	2.66	0.00	14.01
ALFVY	1.15	0.23	0.17	0.28	1.05	(1.32)	2.50	(1.71)	7.14
BEKAY	0.44	0.20	0.00	1.03	0.00	0.00	0.00	0.00	14.72
MTRJF	0.57	0.28	0.00	1.64	0.00	0.00	0.00	0.00	12.06
TTNDY	1.40	0.38	0.22	0.61	1.28	(1.55)	3.65	(2.42)	7.25

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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