BRP Correlations

DOOO Stock

USD 43.19 0.49 1.15%

The current 90-days correlation between BRP Inc and LCI Industries is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BRP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRP Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

BRP Correlation With Market

Average diversification

The correlation between BRP Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BRP Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in BRP Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with BRP Stock

0.64

PVH

PVH Corp

Pair Corr

Moving against BRP Stock

0.36	RL	Ralph Lauren Corp	Pair Corr
0.73	MAT	Mattel Inc	Pair Corr
0.41	GIL	Gildan Activewear Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MCFT	MPX	WGO	LCII	THO	DOOO	EZGO	PII
MCFT		0.91	0.86	0.85	0.82	-0.16	0.78	0.72	MCFT
MPX	0.91		0.88	0.86	0.83	-0.07	0.78	0.74	MPX
WGO	0.86	0.88		0.85	0.78	0.12	0.89	0.9	WGO
LCII	0.85	0.86	0.85		0.85	0.02	0.73	0.76	LCII
THO	0.82	0.83	0.78	0.85		-0.19	0.56	0.55	THO
DOOO	-0.16	-0.07	0.12	0.02	-0.19		0.12	0.43	DOOO
EZGO	0.78	0.78	0.89	0.73	0.56	0.12		0.91	EZGO
PII	0.72	0.74	0.9	0.76	0.55	0.43	0.91		PII
	MCFT	MPX	WGO	LCII	THO	DOOO	EZGO	PII

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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

MPX	+ 0.91	MCFT
PII	+ 0.91	EZGO
PII	+ 0.9	WGO
EZGO	+ 0.89	WGO
WGO	+ 0.88	MPX
WGO	+ 0.86	MCFT

High negative correlations

DOOO	- 0.19	THO
DOOO	- 0.16	MCFT
DOOO	- 0.07	MPX

Risk-Adjusted Indicators

There is a big difference between BRP Stock performing well and BRP 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 BRP'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MCFT	1.74	(0.17)	(0.21)	2.69	(4.14)	22.81
MPX	1.52	(0.13)	(0.18)	2.97	(3.26)	12.51
WGO	1.86	(0.43)	(0.53)	3.49	(3.88)	12.12
LCII	1.46	(0.05)	(0.05)	3.21	(3.46)	9.26
THO	1.60	(0.05)	(0.07)	3.20	(2.76)	10.62
DOOO	1.87	(0.18)	(0.32)	3.49	(4.36)	14.05
EZGO	4.16	(0.94)	(1.75)	7.95	(8.82)	25.24
PII	1.87	(0.60)	(0.84)	4.12	(4.99)	14.16

BRP Corporate Management

Patrick Dussault	Powersports Operations	Profile
Sebastien Martel	Chief Officer	Profile
Stephane Bilodeau	Chief Officer	Profile
Minh Tran	Executive Group	Profile

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