Fortune Brands Correlations
| FBIN Stock | 76.50 0.98 1.30% |
The current 90-days correlation between Fortune Brands Innov and Trex Company is 0.52 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortune Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortune Brands Innovations moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Fortune Brands Correlation With Market
Weak diversification
The correlation between Fortune Brands Innovations and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fortune Brands Innovations and DJI in the same portfolio, assuming nothing else is changed.
Fortune |
Moving together with Fortune Stock
| 0.92 | MAS | Masco | PairCorr |
| 0.72 | WMS | Advanced Drainage Systems | PairCorr |
| 0.8 | JELD | Jeld Wen Holding | PairCorr |
| 0.85 | SWIM | Latham Group | PairCorr |
| 0.75 | BLDR | Builders FirstSource | PairCorr |
| 0.72 | CARR | Carrier Global Corp | PairCorr |
Moving against Fortune Stock
| 0.44 | AIRJ | Montana Technologies Symbol Change | PairCorr |
| 0.4 | AIRJW | Montana Technologies Symbol Change | PairCorr |
| 0.72 | HI | Hillenbrand | PairCorr |
| 0.62 | G | Genpact Limited | PairCorr |
| 0.62 | BE | Bloom Energy Corp | PairCorr |
| 0.5 | AL | Air Lease | PairCorr |
| 0.39 | CR | Crane Company | PairCorr |
| 0.32 | AZ | A2Z Smart Technologies | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Fortune Stock performing well and Fortune Brands 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 Fortune Brands' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TREX | 1.55 | 0.07 | 0.04 | 0.19 | 1.75 | 3.40 | 10.25 | |||
| ROCK | 1.45 | (0.05) | 0.00 | 0.08 | 1.63 | 2.88 | 8.68 | |||
| TPRKY | 1.73 | (0.29) | 0.00 | (1.31) | 0.00 | 2.64 | 16.75 | |||
| JBI | 2.08 | (0.74) | 0.00 | (0.23) | 0.00 | 3.06 | 33.52 | |||
| TILE | 2.02 | 0.39 | 0.27 | 0.32 | 1.29 | 3.44 | 34.53 | |||
| ASPN | 3.39 | (1.23) | 0.00 | (0.47) | 0.00 | 5.36 | 27.28 | |||
| AAON | 1.82 | 0.39 | 0.30 | 0.33 | 1.25 | 5.69 | 18.32 |
Fortune Brands Corporate Management
| Hiranda Donoghue | Chief VP | Profile | |
| Dong Lee | Executive Officer | Profile | |
| Danny Luburic | Executive Officer | Profile | |
| Ron Wilson | Executive Officer | Profile |