Brunello Cucinelli Correlations

BCUCY Stock

USD 12.56 1.11 9.69%

The correlation of Brunello Cucinelli 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Brunello Cucinelli Correlation With Market

Good diversification

The correlation between Brunello Cucinelli SpA and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brunello Cucinelli SpA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brunello Cucinelli could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brunello Cucinelli 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 Brunello Cucinelli - 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 Brunello Cucinelli SpA to buy it.

Moving together with Brunello Pink Sheet

0.78	LVMHF	LVMH Mot Hennessy	Pair Corr
0.94	HESAY	Hermes International	Pair Corr
0.94	HESAF	Hermes International SCA	Pair Corr
0.66	CHDRY	Christian Dior SE	Pair Corr
0.78	CHDRF	Christian Dior SE	Pair Corr
0.66	SWGAY	Swatch Group AG	Pair Corr
0.93	CFRUY	Compagnie Financiere	Pair Corr
0.93	CFRHF	Compagnie Financière	Pair Corr
0.76	PPRUF	Kering SA	Pair Corr
0.76	PPRUY	Kering SA	Pair Corr
0.8	META	Meta Platforms Aggressive Push	Pair Corr
0.79	WM	Waste Management	Pair Corr
0.7	HROWM	Harrow Health, 11875	Pair Corr
0.68	PLTR	Palantir Technologies Aggressive Push	Pair Corr

Moving against Brunello Pink Sheet

0.48	GLE	Global Engine Group	Pair Corr
0.38	MSFT	Microsoft Aggressive Push	Pair Corr
0.37	SPNT	Siriuspoint Normal Trading	Pair Corr
0.34	AMBR	Amber Road, Symbol Change	Pair Corr

Related Correlations Analysis

	WOSGF	SWGAY	PRDSY	CHDRY	PPRUY	BURBY	CFRHF	CFRUY	SFRGY	PPRUF
WOSGF		-0.21	0.39	0.16	0.07	0.29	-0.26	-0.23	-0.13	-0.05	WOSGF
SWGAY	-0.21		0.44	0.38	0.77	0.48	0.73	0.72	0.7	0.75	SWGAY
PRDSY	0.39	0.44		0.43	0.74	0.55	0.3	0.29	0.39	0.64	PRDSY
CHDRY	0.16	0.38	0.43		0.63	0.64	0.58	0.59	0.49	0.52	CHDRY
PPRUY	0.07	0.77	0.74	0.63		0.73	0.71	0.71	0.68	0.89	PPRUY
BURBY	0.29	0.48	0.55	0.64	0.73		0.73	0.74	0.61	0.67	BURBY
CFRHF	-0.26	0.73	0.3	0.58	0.71	0.73		0.99	0.83	0.71	CFRHF
CFRUY	-0.23	0.72	0.29	0.59	0.71	0.74	0.99		0.82	0.69	CFRUY
SFRGY	-0.13	0.7	0.39	0.49	0.68	0.61	0.83	0.82		0.7	SFRGY
PPRUF	-0.05	0.75	0.64	0.52	0.89	0.67	0.71	0.69	0.7		PPRUF
	WOSGF	SWGAY	PRDSY	CHDRY	PPRUY	BURBY	CFRHF	CFRUY	SFRGY	PPRUF

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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

CFRUY	+ 0.99	CFRHF
PPRUF	+ 0.89	PPRUY
SFRGY	+ 0.83	CFRHF
SFRGY	+ 0.82	CFRUY
PPRUY	+ 0.77	SWGAY
PPRUF	+ 0.75	SWGAY

High negative correlations

CFRHF	- 0.26	WOSGF
CFRUY	- 0.23	WOSGF
SWGAY	- 0.21	WOSGF
SFRGY	- 0.13	WOSGF
PPRUF	- 0.05	WOSGF

Risk-Adjusted Indicators

There is a big difference between Brunello Pink Sheet performing well and Brunello Cucinelli 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 Brunello Cucinelli'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
WOSGF	1.45	(0.33)	0.00	(0.62)	0.00	0.00	2.88	(3.90)	15.55
SWGAY	1.39	0.02	0.03	0.07	1.74	(1.50)	3.03	(3.00)	8.49
PRDSY	2.50	(0.17)	0.00	0.18	0.00	0.00	4.51	(5.51)	15.70
CHDRY	2.66	(0.02)	0.00	(0.09)	0.00	0.00	5.92	(5.62)	17.08
PPRUY	2.06	(0.17)	0.00	(0.55)	0.00	0.00	4.26	(4.22)	14.68
BURBY	2.00	(0.13)	0.00	2.18	0.00	0.00	5.39	(3.97)	15.32
CFRHF	1.80	0.28	0.12	(1.31)	1.87	(2.19)	3.31	(3.45)	21.85
CFRUY	1.54	0.32	0.16	0.77	1.87	(1.68)	2.31	(3.08)	21.84
SFRGY	2.74	0.16	0.05	1.23	3.92	(2.68)	5.57	(5.90)	17.48
PPRUF	2.56	(0.16)	0.00	0.91	0.00	0.00	4.49	(5.41)	17.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brunello Cucinelli 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.

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