Brunswick Corp Correlations
| BC-PC Preferred Stock | 24.24 0.18 0.74% |
The current 90-days correlation between Brunswick Corp and Brunswick Corp is 0.59 (i.e., Very weak 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
Significant diversification
The correlation between Brunswick Corp and DJI is 0.05 (i.e., Significant 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.
Brunswick |
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
| 0.86 | BC-PA | Brunswick Corp | PairCorr |
| 0.62 | MCOM | Micromobility | PairCorr |
| 0.7 | EBET | Ebet Inc | PairCorr |
| 0.7 | F-PD | F PD | PairCorr |
| 0.72 | EXTO | Almacenes xito SA | PairCorr |
| 0.62 | FIGS | Figs Inc Downward Rally | PairCorr |
| 0.81 | AVY | Avery Dennison Corp | PairCorr |
| 0.62 | CCK | Crown Holdings | PairCorr |
| 0.79 | CYD | China Yuchai Interna | PairCorr |
| 0.64 | DSS | DSS Inc | PairCorr |
| 0.76 | IPW | iPower Inc | PairCorr |
Moving against Brunswick Preferred Stock
| 0.8 | SW | Smurfit WestRock plc | PairCorr |
| 0.76 | IP | International Paper | PairCorr |
| 0.76 | VSTO | Vista Outdoor | PairCorr |
| 0.7 | FLUT | Flutter Entertainment plc | PairCorr |
| 0.69 | DRVN | Driven Brands Holdings | PairCorr |
| 0.61 | WBUY | WEBUY GLOBAL LTD | PairCorr |
| 0.43 | DXYN | Dixie Group | PairCorr |
| 0.38 | AIN | Albany International | PairCorr |
| 0.75 | KAR | KAR Auction Services | PairCorr |
| 0.72 | NCL | Northann Corp | PairCorr |
| 0.67 | PKG | Packaging Corp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.66 | KRT | Karat Packaging | PairCorr |
| 0.53 | MLR | Miller Industries | PairCorr |
| 0.42 | GEF | Greif Bros | PairCorr |
Related Correlations Analysis
| 0.86 | 0.59 | 0.35 | 0.55 | BC-PA | ||
| 0.86 | 0.63 | 0.42 | 0.59 | BC-PC | ||
| 0.59 | 0.63 | 0.84 | 0.93 | CMSD | ||
| 0.35 | 0.42 | 0.84 | 0.69 | F-PC | ||
| 0.55 | 0.59 | 0.93 | 0.69 | AFGB | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BC-PA | 0.52 | (0.05) | 0.00 | (0.14) | 0.00 | 1.36 | 3.86 | |||
| BC-PC | 0.50 | (0.06) | 0.00 | (1.38) | 0.00 | 1.31 | 2.58 | |||
| CMSD | 0.36 | (0.07) | 0.00 | (0.68) | 0.00 | 0.66 | 1.79 | |||
| F-PC | 0.46 | (0.11) | 0.00 | (0.74) | 0.00 | 0.80 | 2.55 | |||
| AFGB | 0.51 | (0.14) | 0.00 | (0.80) | 0.00 | 0.87 | 3.24 |
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