MasterBrand Correlations

MBC Stock

12.99 0.59 4.76%

The current 90-days correlation between MasterBrand and Sleep Number Corp is 0.31 (i.e., 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

Very weak diversification

The correlation between MasterBrand and DJI is 0.4 (i.e., Very weak 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.

Build AI portfolio with MasterBrand Stock

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

0.61	OXM	Oxford Industries	Pair Corr
0.65	SGC	Superior Uniform	Pair Corr

Moving against MasterBrand Stock

0.33	300577	Anhui Korrun	Pair Corr
0.6	002485	Cedar Development	Pair Corr

Related Correlations Analysis

	SNBR	KEQU	BSET	VIRC	PLBY	AKA	CJET	VRM	CLAR	HOFT
SNBR		-0.34	0.83	-0.54	0.49	-0.56	-0.43	-0.09	0.43	0.63	SNBR
KEQU	-0.34		-0.6	0.73	-0.72	0.66	0.91	0.56	-0.37	-0.8	KEQU
BSET	0.83	-0.6		-0.68	0.57	-0.63	-0.66	-0.07	0.31	0.69	BSET
VIRC	-0.54	0.73	-0.68		-0.44	0.63	0.71	0.42	-0.19	-0.71	VIRC
PLBY	0.49	-0.72	0.57	-0.44		-0.63	-0.8	-0.36	0.4	0.72	PLBY
AKA	-0.56	0.66	-0.63	0.63	-0.63		0.7	0.2	-0.13	-0.6	AKA
CJET	-0.43	0.91	-0.66	0.71	-0.8	0.7		0.55	-0.44	-0.87	CJET
VRM	-0.09	0.56	-0.07	0.42	-0.36	0.2	0.55		-0.47	-0.68	VRM
CLAR	0.43	-0.37	0.31	-0.19	0.4	-0.13	-0.44	-0.47		0.61	CLAR
HOFT	0.63	-0.8	0.69	-0.71	0.72	-0.6	-0.87	-0.68	0.61		HOFT
	SNBR	KEQU	BSET	VIRC	PLBY	AKA	CJET	VRM	CLAR	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

CJET	+ 0.91	KEQU
BSET	+ 0.83	SNBR
VIRC	+ 0.73	KEQU
HOFT	+ 0.72	PLBY
CJET	+ 0.71	VIRC
CJET	+ 0.7	AKA

High negative correlations

HOFT	- 0.87	CJET
CJET	- 0.8	PLBY
HOFT	- 0.8	KEQU
PLBY	- 0.72	KEQU
HOFT	- 0.71	VIRC
HOFT	- 0.68	VRM

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
SNBR	4.50	0.85	0.18	1.80	4.00	(5.65)	13.66	(7.65)	26.77
KEQU	1.53	(0.19)	0.00	(0.17)	0.00	0.00	3.39	(2.95)	10.57
BSET	1.42	0.12	0.06	0.24	1.36	(1.75)	3.13	(2.56)	9.01
VIRC	1.54	(0.23)	0.00	(0.06)	0.00	0.00	3.68	(3.72)	11.88
PLBY	3.35	0.53	0.09	(1.19)	4.03	(3.76)	6.43	(6.52)	33.37
AKA	3.56	(0.09)	(0.01)	0.02	4.59	(3.71)	6.79	(6.20)	29.34
CJET	7.13	(4.88)	0.00	(2.48)	0.00	0.00	7.89	(20.59)	67.78
VRM	4.15	(0.63)	0.00	(0.16)	0.00	0.00	10.29	(7.54)	22.81
CLAR	1.96	0.08	0.03	0.16	2.37	(2.16)	4.42	(3.78)	18.58
HOFT	1.97	0.66	0.20	(1.44)	2.07	(2.16)	4.90	(3.41)	14.96

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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