Brunswick Corp Correlations

BC-PB Preferred Stock

USD 25.18 0.24 0.96%

The current 90-days correlation between Brunswick Corp and BRP Inc is 0.02 (i.e., Significant diversification). The correlation of Brunswick Corp 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.

Brunswick Corp Correlation With Market

Good diversification

The correlation between Brunswick Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brunswick Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brunswick Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brunswick Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brunswick Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brunswick Corp to buy it.

Moving together with Brunswick Preferred Stock

0.88	BC-PA	Brunswick Corp	Pair Corr
0.85	BC-PC	Brunswick Corp	Pair Corr
0.68	CCK	Crown Holdings	Pair Corr

Moving against Brunswick Preferred Stock

0.73	FRZA	Forza X1	Pair Corr
0.73	WPRT	Westport Fuel Systems	Pair Corr
0.71	MCOM	Micromobility	Pair Corr
0.67	EMAX	Ecomax Inc	Pair Corr
0.63	ELMSQ	Electric Last Mile	Pair Corr
0.58	WINR	Simplicity Esports and	Pair Corr
0.54	EFOI	Energy Focu	Pair Corr
0.53	CNRD	Conrad Industries	Pair Corr
0.47	EBET	Ebet Inc	Pair Corr
0.46	DSHK	Drive Shack	Pair Corr
0.45	MCOMW	Micromobility	Pair Corr
0.37	F-PC	Ford Motor Potential Growth	Pair Corr
0.68	IVP	Inspire Veterinary	Pair Corr
0.67	AIN	Albany International	Pair Corr
0.63	MRM	Medirom Healthcare	Pair Corr
0.61	MMA	Alta Global Group	Pair Corr
0.54	FATBP	FAT Brands	Pair Corr
0.53	SCS	Steelcase	Pair Corr
0.4	MYE	Myers Industries	Pair Corr

Related Correlations Analysis

	DOOO	VMAR	EZGO	HOG	BC-PA	BC-PB	PII	REE	THO
DOOO		0.8	0.81	0.8	-0.13	-0.48	0.87	-0.73	-0.38	DOOO
VMAR	0.8		0.6	0.47	-0.52	-0.76	0.47	-0.84	-0.44	VMAR
EZGO	0.81	0.6		0.64	-0.01	-0.33	0.74	-0.61	-0.55	EZGO
HOG	0.8	0.47	0.64		0.03	-0.23	0.88	-0.49	-0.17	HOG
BC-PA	-0.13	-0.52	-0.01	0.03		0.88	0.25	0.52	0.22	BC-PA
BC-PB	-0.48	-0.76	-0.33	-0.23	0.88		-0.08	0.69	0.32	BC-PB
PII	0.87	0.47	0.74	0.88	0.25	-0.08		-0.45	-0.24	PII
REE	-0.73	-0.84	-0.61	-0.49	0.52	0.69	-0.45		0.65	REE
THO	-0.38	-0.44	-0.55	-0.17	0.22	0.32	-0.24	0.65		THO
	DOOO	VMAR	EZGO	HOG	BC-PA	BC-PB	PII	REE	THO

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

PII	+ 0.88	HOG
BC-PB	+ 0.88	BC-PA
PII	+ 0.87	DOOO
EZGO	+ 0.81	DOOO
VMAR	+ 0.8	DOOO
HOG	+ 0.8	DOOO

High negative correlations

REE	- 0.84	VMAR
BC-PB	- 0.76	VMAR
REE	- 0.73	DOOO
REE	- 0.61	EZGO
THO	- 0.55	EZGO
BC-PA	- 0.52	VMAR

Risk-Adjusted Indicators

There is a big difference between Brunswick Preferred Stock performing well and Brunswick Corp 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 Brunswick Corp'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
DOOO	1.71	(0.65)	0.00	(0.65)	0.00	0.00	2.15	(4.79)	12.05
VMAR	6.45	(3.29)	0.00	(3.35)	0.00	0.00	11.45	(13.91)	59.45
EZGO	3.99	(0.47)	0.00	(0.68)	0.00	0.00	11.11	(7.27)	31.19
HOG	1.59	(0.34)	0.00	(0.12)	0.00	0.00	3.17	(3.75)	13.61
BC-PA	0.43	0.01	(0.18)	0.16	0.43	(0.53)	0.96	(0.73)	2.92
BC-PB	0.39	0.03	(0.18)	(0.47)	0.44	(0.43)	0.86	(0.83)	2.34
PII	1.58	(0.45)	0.00	(0.24)	0.00	0.00	2.85	(3.52)	14.62
REE	5.77	1.14	0.27	0.70	4.10	(8.38)	18.18	(7.62)	53.75
THO	1.69	(0.11)	(0.03)	0.04	1.94	(1.87)	4.29	(2.77)	10.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brunswick Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Commodity Channel Now

Commodity Channel

Use Commodity Channel Index to analyze current equity momentum

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC