MasterBrand Correlations

MBC Stock

17.07 0.23 1.37%

The current 90-days correlation between MasterBrand and La Z Boy Incorporated is 0.47 (i.e., Very weak diversification). The correlation of MasterBrand 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.

MasterBrand Correlation With Market

Modest diversification

The correlation between MasterBrand and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MasterBrand and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasterBrand. 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 labor statistics.

For information on how to trade MasterBrand Stock refer to our How to Trade MasterBrand Stock guide.

Moving together with MasterBrand Stock

0.82	HBB	Hamilton Beach Brands	Pair Corr
0.94	LEG	Leggett Platt	Pair Corr
0.88	MHK	Mohawk Industries	Pair Corr
0.7	NVFY	Nova Lifestyle I	Pair Corr
0.69	OESX	Orion Energy Systems	Pair Corr
0.79	AMWD	American Woodmark	Pair Corr
0.75	ATER	Aterian	Pair Corr
0.81	COOK	Traeger	Pair Corr
0.71	F	Ford Motor Aggressive Push	Pair Corr
0.82	DIBS	1StdibsCom	Pair Corr
0.86	BC	Brunswick	Pair Corr
0.67	BQ	Boqii Holding Limited	Pair Corr

Moving against MasterBrand Stock

0.87	KEQU	Kewaunee Scientific	Pair Corr
0.62	TPX	Tempur Sealy Interna	Pair Corr
0.6	NCL	Northann Corp	Pair Corr
0.56	WHR	Whirlpool	Pair Corr
0.53	LZB	La Z Boy	Pair Corr
0.32	VIOT	Viomi Technology ADR	Pair Corr
0.32	NTZ	Natuzzi SpA	Pair Corr
0.9	BH	Biglari Holdings	Pair Corr
0.8	AS	Amer Sports,	Pair Corr
0.59	GV	Visionary Education	Pair Corr
0.42	M	Macys Inc	Pair Corr
0.32	H	Hyatt Hotels	Pair Corr
0.31	AN	AutoNation	Pair Corr

Related Correlations Analysis

	BSET	ETD	NTZ	FLXS	KBAL	HBB	LZB	MLKN	HOFT
BSET		0.42	0.06	0.51	0.18	-0.14	0.27	0.55	0.73	BSET
ETD	0.42		0.12	0.14	-0.13	0.23	0.36	0.86	0.62	ETD
NTZ	0.06	0.12		-0.02	0.04	-0.48	0.58	0.0	-0.32	NTZ
FLXS	0.51	0.14	-0.02		0.44	-0.33	0.27	0.31	0.45	FLXS
KBAL	0.18	-0.13	0.04	0.44		-0.37	0.25	-0.09	-0.04	KBAL
HBB	-0.14	0.23	-0.48	-0.33	-0.37		-0.78	0.25	0.29	HBB
LZB	0.27	0.36	0.58	0.27	0.25	-0.78		0.19	-0.06	LZB
MLKN	0.55	0.86	0.0	0.31	-0.09	0.25	0.19		0.8	MLKN
HOFT	0.73	0.62	-0.32	0.45	-0.04	0.29	-0.06	0.8		HOFT
	BSET	ETD	NTZ	FLXS	KBAL	HBB	LZB	MLKN	HOFT

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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

MLKN	+ 0.86	ETD
HOFT	+ 0.8	MLKN
HOFT	+ 0.73	BSET
HOFT	+ 0.62	ETD
LZB	+ 0.58	NTZ
MLKN	+ 0.55	BSET

High negative correlations

LZB	- 0.78	HBB
HBB	- 0.48	NTZ
HBB	- 0.37	KBAL
HBB	- 0.33	FLXS
HOFT	- 0.32	NTZ
HBB	- 0.14	BSET

Risk-Adjusted Indicators

There is a big difference between MasterBrand Stock performing well and MasterBrand 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 MasterBrand'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BSET	1.29	0.01	0.00	0.14	1.69	(1.45)	2.46	(2.70)	9.95
ETD	1.18	(0.05)	0.00	(0.80)	0.00	0.00	2.30	(2.19)	9.38
NTZ	3.66	0.26	0.05	0.23	4.28	(4.32)	9.76	(6.78)	25.09
FLXS	2.22	0.35	0.15	0.55	2.02	(2.96)	4.88	(3.96)	35.78
KBAL	2.54	1.26	1.34	2.21	0.00	(3.12)	1.08	(0.89)	87.83
HBB	2.41	(0.74)	0.00	3.01	0.00	0.00	3.28	(5.01)	24.85
LZB	1.09	0.18	0.11	0.89	1.27	(1.15)	2.07	(2.31)	7.54
MLKN	1.49	(0.15)	0.00	(0.52)	0.00	0.00	2.98	(2.80)	10.14
HOFT	2.47	(0.26)	0.00	(0.31)	0.00	0.00	5.45	(5.62)	16.19

MasterBrand Corporate Management

Andrean Esq	Chief VP	Profile
Bruce Kendrick	Executive Officer	Profile
Martin Doren	Executive Sales	Profile
Navi Grewal	Executive Officer	Profile

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