Brown Forman Correlations

Stocks . Germany . 
Stock . Brown Forman
BF5B Stock  EUR 31.89  0.50  1.54%   
The current 90-days correlation between Brown Forman and MAGNUM MINING EXP is -0.01 (i.e., Good diversification). The correlation of Brown Forman 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.

Brown Forman Correlation With Market

Good diversification

The correlation between Brown Forman and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Forman and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Brown Forman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brown Forman 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 Brown Forman - 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 Brown Forman to buy it.

Moving together with Brown Stock

  0.77CB1A Constellation BrandsPairCorr
  0.61HAW Hawesko Holding AGPairCorr

Moving against Brown Stock

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  0.59NAH Natural Health TrendsPairCorr
  0.58ZEG ASTRAZENECAPairCorr
  0.51ENI Eni SpAPairCorr
  0.5T77 LendingTreePairCorr
  0.44INL IntelPairCorr
  0.42NOAA NokiaPairCorr
  0.41KEH CHINESE PEOPLE HLDGPairCorr
  0.38SSU Samsung ElectronicsPairCorr
  0.38VOW Volkswagen AGPairCorr
  0.36SSU Samsung ElectronicsPairCorr
  0.35AG1 AUTO1 Group SEPairCorr
  0.34CMW CHINA M SRVCS Earnings Call This WeekPairCorr
  0.8E908 Lyxor 1PairCorr
  0.79BSX BOSTON SCIENTIFICPairCorr
  0.725NR NanobiotixPairCorr
  0.68MM0 MONETA MONEY BANKPairCorr
  0.68KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.62S9L FERRAGAMOPairCorr
  0.6DBPE Xtrackers LevDAXPairCorr
  0.57WY8 Universal Health RealtyPairCorr
  0.5419YA Yiren DigitalPairCorr
  0.51STD STANDARD CHARTEREDPairCorr

Related Correlations Analysis

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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   
SMM
+ 0.46
SUI
H1Q
+ 0.4
M8Z
S9M
+ 0.37
SUI
S9M
+ 0.33
H1Q
K20A
+ 0.2
SUI
K20A
+ 0.13
M8Z
  
High negative correlations   
SMM
- 0.73
M8Z
SMM
- 0.55
H1Q
SUI
- 0.45
M8Z
SMM
- 0.19
S9M
S9M
- 0.15
M8Z
SMM
- 0.06
K20A

Risk-Adjusted Indicators

There is a big difference between Brown Stock performing well and Brown Forman 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 Brown Forman'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brown Forman 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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Brown Forman Corporate Management

Elected by the shareholders, the Brown Forman's board of directors comprises two types of representatives: Brown Forman inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Brown. The board's role is to monitor Brown Forman's management team and ensure that shareholders' interests are well served. Brown Forman's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Brown Forman's outside directors are responsible for providing unbiased perspectives on the board's policies.
Lawson WhitingPres CEOProfile
Dan MuraskiChief OfficerProfile
Marshall FarrerPres VPProfile
Campbell BrownEx ChairmanProfile
Matthew HamelExec CounselProfile
Thomas HinrichsVP InternationalProfile
Leanne CunninghamVP CFOProfile
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