Brunswick Correlations

BC Stock

USD 57.11 2.12 3.58%

The current 90-days correlation between Brunswick and Winnebago Industries is 0.56 (i.e., Very weak diversification). The correlation of Brunswick 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 Correlation With Market

Very weak diversification

The correlation between Brunswick and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brunswick and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brunswick. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with Brunswick Stock

0.88	UA	Under Armour C	Pair Corr
0.75	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.72	VMAR	Vision Marine Techno	Pair Corr
0.66	EZGO	EZGO Technologies	Pair Corr
0.88	BLD	Topbuild Corp	Pair Corr
0.83	BZH	Beazer Homes USA	Pair Corr
0.93	CCS	Century Communities	Pair Corr
0.79	FOSL	Fossil Group	Pair Corr
0.79	CRI	Carters	Pair Corr
0.85	DHI	DR Horton	Pair Corr
0.75	DTC	Solo Brands	Pair Corr
0.78	HBI	Hanesbrands	Pair Corr
0.94	HOV	Hovnanian Enterprises	Pair Corr
0.82	IBP	Installed Building	Pair Corr
0.92	KBH	KB Home	Pair Corr
0.79	KTB	Kontoor Brands	Pair Corr
0.89	LEN	Lennar	Pair Corr
0.84	MHO	MI Homes	Pair Corr
0.77	MOV	Movado Group Earnings Call This Week	Pair Corr
0.89	MPX	Marine Products	Pair Corr
0.88	MTH	Meritage	Pair Corr

Moving against Brunswick Stock

0.55	RGR	Sturm Ruger	Pair Corr
0.4	MAT	Mattel Inc	Pair Corr

Related Correlations Analysis

	MCFT	MPX	WGO	LCII	THO	DOOO	EZGO	PII
MCFT		0.84	0.76	0.75	0.59	0.47	0.6	0.58	MCFT
MPX	0.84		0.87	0.73	0.63	0.65	0.67	0.67	MPX
WGO	0.76	0.87		0.81	0.71	0.83	0.78	0.84	WGO
LCII	0.75	0.73	0.81		0.84	0.51	0.56	0.58	LCII
THO	0.59	0.63	0.71	0.84		0.45	0.32	0.32	THO
DOOO	0.47	0.65	0.83	0.51	0.45		0.69	0.87	DOOO
EZGO	0.6	0.67	0.78	0.56	0.32	0.69		0.87	EZGO
PII	0.58	0.67	0.84	0.58	0.32	0.87	0.87		PII
	MCFT	MPX	WGO	LCII	THO	DOOO	EZGO	PII

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Risk-Adjusted Indicators

There is a big difference between Brunswick Stock performing well and Brunswick 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'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MCFT	1.87	(0.15)	(0.31)	2.89	(4.14)	22.81
MPX	1.49	(0.13)	(0.27)	3.06	(3.26)	12.51
WGO	2.17	(0.58)	(0.62)	3.49	(4.39)	10.53
LCII	1.55	(0.29)	(0.32)	2.58	(4.00)	10.45
THO	1.91	(0.27)	(0.42)	3.61	(4.17)	18.55
DOOO	1.97	(0.35)	(0.43)	3.12	(4.37)	11.56
EZGO	4.52	(0.90)	(0.83)	7.41	(10.64)	25.24
PII	2.16	(0.49)	(0.69)	4.62	(4.98)	15.44

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