Brother Industries Correlations

BRTHF Stock

USD 18.40 0.08 0.43%

The current 90-days correlation between Brother Industries and Kingboard Chemical Holdings is -0.01 (i.e., Good diversification). The correlation of Brother Industries 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.

Brother Industries Correlation With Market

Good diversification

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

The ability to find closely correlated positions to Brother Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brother Industries 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 Brother Industries - 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 Brother Industries to buy it.

Moving together with Brother Pink Sheet

0.75	AVY	Avery Dennison Corp	Pair Corr
0.64	BRTHY	Brother Industries Downward Rally	Pair Corr
0.75	TLK	Telkom Indonesia Tbk	Pair Corr
0.74	PTAIY	Astra International Tbk	Pair Corr
0.66	PTITF	PT Indosat Tbk	Pair Corr
0.61	PIFMF	PT Indofood Sukses	Pair Corr

Moving against Brother Pink Sheet

0.63	FUJIY	FUJIFILM Holdings Corp	Pair Corr
0.62	KNCAF	Konica Minolta	Pair Corr
0.57	KNCAY	Konica Minolta	Pair Corr
0.39	RICOY	Ricoh Company	Pair Corr
0.82	RKLB	Rocket Lab USA	Pair Corr
0.75	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.74	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.71	GPI	Group 1 Automotive	Pair Corr
0.7	ELLO	Ellomay Capital	Pair Corr
0.68	CRM	Salesforce	Pair Corr
0.63	MOGO	Mogo Inc	Pair Corr
0.57	GRAB	Grab Holdings	Pair Corr
0.55	VST	Vistra Energy Corp	Pair Corr
0.54	DDOG	Datadog	Pair Corr
0.39	WORX	Scworx Corp	Pair Corr
0.36	GTLB	Gitlab Inc	Pair Corr
0.76	LUNR	Intuitive Machines Aggressive Push	Pair Corr
0.73	CRNT	Ceragon Networks	Pair Corr
0.7	KULR	KULR Technology Group	Pair Corr
0.68	RGTI	Rigetti Computing Aggressive Push	Pair Corr
0.63	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.6	EPD	Enterprise Products Sell-off Trend	Pair Corr

Related Correlations Analysis

	ALNT	KBDCY	NTGR	NOW	CC	BNTX
ALNT		0.31	0.76	0.9	0.28	0.27	ALNT
KBDCY	0.31		0.76	0.35	-0.62	0.2	KBDCY
NTGR	0.76	0.76		0.78	-0.24	0.2	NTGR
NOW	0.9	0.35	0.78		0.13	0.32	NOW
CC	0.28	-0.62	-0.24	0.13		0.15	CC
BNTX	0.27	0.2	0.2	0.32	0.15		BNTX
	ALNT	KBDCY	NTGR	NOW	CC	BNTX

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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

NOW	+ 0.9	ALNT
NOW	+ 0.78	NTGR
NTGR	+ 0.76	ALNT
NTGR	+ 0.76	KBDCY
NOW	+ 0.35	KBDCY
BNTX	+ 0.32	NOW

High negative correlations

CC	- 0.62	KBDCY
CC	- 0.24	NTGR

Risk-Adjusted Indicators

There is a big difference between Brother Pink Sheet performing well and Brother Industries 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 Brother Industries' 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
ALNT	2.01	0.52	0.19	0.42	2.31	(2.20)	4.75	(4.50)	17.50
KBDCY	0.07	0.03	0.00	(0.19)	0.00	0.00	0.00	0.00	2.28
NTGR	1.73	0.42	0.23	0.99	1.47	(2.02)	4.41	(2.89)	10.10
NOW	1.31	0.19	0.11	0.55	1.35	(1.50)	2.41	(2.38)	11.04
CC	2.08	0.01	0.00	0.03	2.27	(2.88)	4.23	(3.97)	23.73
BNTX	2.15	(0.08)	0.00	(0.74)	0.00	0.00	4.85	(4.92)	14.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brother Industries 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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