Acushnet Holdings Correlations

GOLF Stock

USD 66.34 0.46 0.70%

The current 90-days correlation between Acushnet Holdings Corp and Bowlero Corp is 0.01 (i.e., Significant diversification). The correlation of Acushnet Holdings 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.

Acushnet Holdings Correlation With Market

Average diversification

The correlation between Acushnet Holdings Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acushnet Holdings Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Acushnet Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Acushnet Stock

0.64	FOSL	Fossil Group	Pair Corr
0.68	SONO	Sonos Inc Earnings Call This Week	Pair Corr
0.62	BH	Biglari Holdings	Pair Corr
0.71	EEIQ	Elite Education Group	Pair Corr
0.7	GHC	Graham Holdings	Pair Corr
0.81	LZB	La Z Boy	Pair Corr

Moving against Acushnet Stock

0.74	LI	Li Auto	Pair Corr
0.6	WTO	UTime Limited	Pair Corr
0.56	VSTA	Vasta Platform	Pair Corr
0.51	MSN	Emerson Radio	Pair Corr
0.47	IH	Ihuman Inc	Pair Corr
0.44	VEEE	Twin Vee Powercats	Pair Corr
0.31	MAT	Mattel Inc Earnings Call This Week	Pair Corr
0.68	BDL	Flanigans Enterprises	Pair Corr
0.52	BBY	Best Buy	Pair Corr
0.51	FLYE	Fly E Group,	Pair Corr
0.44	MBC	MasterBrand	Pair Corr

Related Correlations Analysis

	BOWL	YETI	MSGE	SEAS	FUN	SIX	JOUT	MAT	MODG	XPOF
BOWL		0.06	-0.1	0.39	0.24	-0.51	0.06	0.04	0.04	-0.44	BOWL
YETI	0.06		-0.43	0.67	0.57	-0.18	0.64	0.08	-0.49	0.35	YETI
MSGE	-0.1	-0.43		-0.58	-0.74	-0.25	-0.49	0.65	0.85	-0.45	MSGE
SEAS	0.39	0.67	-0.58		0.55	-0.31	0.61	-0.18	-0.47	0.2	SEAS
FUN	0.24	0.57	-0.74	0.55		-0.06	0.49	-0.44	-0.68	0.35	FUN
SIX	-0.51	-0.18	-0.25	-0.31	-0.06		0.0	-0.32	-0.31	0.39	SIX
JOUT	0.06	0.64	-0.49	0.61	0.49	0.0		-0.2	-0.4	0.15	JOUT
MAT	0.04	0.08	0.65	-0.18	-0.44	-0.32	-0.2		0.55	-0.22	MAT
MODG	0.04	-0.49	0.85	-0.47	-0.68	-0.31	-0.4	0.55		-0.43	MODG
XPOF	-0.44	0.35	-0.45	0.2	0.35	0.39	0.15	-0.22	-0.43		XPOF
	BOWL	YETI	MSGE	SEAS	FUN	SIX	JOUT	MAT	MODG	XPOF

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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

MODG	+ 0.85	MSGE
SEAS	+ 0.67	YETI
MAT	+ 0.65	MSGE
JOUT	+ 0.64	YETI
JOUT	+ 0.61	SEAS
FUN	+ 0.57	YETI

High negative correlations

FUN	- 0.74	MSGE
MODG	- 0.68	FUN
SEAS	- 0.58	MSGE
SIX	- 0.51	BOWL
JOUT	- 0.49	MSGE
MODG	- 0.49	YETI

Risk-Adjusted Indicators

There is a big difference between Acushnet Stock performing well and Acushnet Holdings 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 Acushnet Holdings' 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
BOWL	2.37	0.07	(0.02)	(0.01)	2.68	(2.71)	4.94	(4.92)	17.40
YETI	1.60	0.07	0.01	0.34	1.84	(1.69)	3.41	(3.01)	12.33
MSGE	1.50	(0.22)	0.00	(0.80)	0.00	0.00	2.49	(3.21)	13.38
SEAS	1.85	0.04	(0.03)	(0.05)	2.18	(1.94)	3.85	(3.45)	10.32
FUN	1.56	0.20	0.08	1.41	1.55	(1.77)	4.52	(2.75)	10.63
SIX	1.85	0.47	0.18	(0.45)	1.59	(2.30)	5.80	(3.33)	10.72
JOUT	1.82	(0.03)	(0.03)	(0.01)	2.38	(1.94)	3.95	(4.26)	11.70
MAT	1.29	0.09	0.01	1.76	1.91	(1.28)	3.09	(2.33)	11.42
MODG	2.41	(0.35)	0.00	(0.63)	0.00	0.00	4.30	(4.45)	18.08
XPOF	3.06	0.48	0.11	15.25	3.35	(3.35)	7.08	(6.36)	37.20

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