Brilliant Earth Correlations

BRLT Stock

USD 1.52 0.04 2.70%

The current 90-days correlation between Brilliant Earth Group and Movado Group is 0.13 (i.e., Average diversification). The correlation of Brilliant Earth 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.

Brilliant Earth Correlation With Market

Modest diversification

The correlation between Brilliant Earth Group and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brilliant Earth Group 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 Brilliant Earth Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Brilliant Stock

0.89	UA	Under Armour C	Pair Corr
0.82	BZH	Beazer Homes USA	Pair Corr
0.61	CCS	Century Communities	Pair Corr
0.79	HOV	Hovnanian Enterprises	Pair Corr
0.72	KBH	KB Home	Pair Corr
0.72	KTB	Kontoor Brands	Pair Corr
0.81	MHO	MI Homes	Pair Corr
0.67	MTH	Meritage	Pair Corr
0.8	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.85	TPH	TRI Pointe Homes	Pair Corr
0.9	GIII	G III Apparel	Pair Corr
0.85	LGIH	LGI Homes	Pair Corr
0.82	LIVE	Live Ventures	Pair Corr
0.74	RH	RH Earnings Call This Week	Pair Corr
0.62	ETSY	Etsy Inc	Pair Corr
0.84	XELB	Xcel Brands	Pair Corr
0.66	FND	Floor Decor Holdings	Pair Corr
0.66	GLBE	Global E Online	Pair Corr
0.84	KIRK	Kirklands	Pair Corr
0.88	RENT	Rent the Runway	Pair Corr

Moving against Brilliant Stock

0.71	JD	JD Inc Adr	Pair Corr
0.39	GIL	Gildan Activewear	Pair Corr
0.86	NATH	Nathans Famous	Pair Corr
0.85	MELI	MercadoLibre	Pair Corr
0.84	YUM	Yum Brands	Pair Corr
0.81	PDD	PDD Holdings	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.69	XOSWW	Xos Equity Warrants	Pair Corr
0.68	PZZA	Papa Johns International	Pair Corr

Related Correlations Analysis

	CPRI	MOV	TPR	REAL	LANV	ELA	FOSL	MYTE	JEWL	BGI
CPRI		0.23	0.08	0.41	-0.01	0.42	0.31	0.17	0.0	0.43	CPRI
MOV	0.23		0.04	0.67	-0.31	0.82	0.69	0.05	0.0	0.47	MOV
TPR	0.08	0.04		-0.45	-0.33	-0.33	-0.39	0.94	0.0	-0.67	TPR
REAL	0.41	0.67	-0.45		-0.08	0.87	0.82	-0.43	0.0	0.83	REAL
LANV	-0.01	-0.31	-0.33	-0.08		-0.18	-0.22	-0.35	0.0	0.14	LANV
ELA	0.42	0.82	-0.33	0.87	-0.18		0.87	-0.27	0.0	0.74	ELA
FOSL	0.31	0.69	-0.39	0.82	-0.22	0.87		-0.35	0.0	0.69	FOSL
MYTE	0.17	0.05	0.94	-0.43	-0.35	-0.27	-0.35		0.0	-0.63	MYTE
JEWL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	JEWL
BGI	0.43	0.47	-0.67	0.83	0.14	0.74	0.69	-0.63	0.0		BGI
	CPRI	MOV	TPR	REAL	LANV	ELA	FOSL	MYTE	JEWL	BGI

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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

MYTE	+ 0.94	TPR
ELA	+ 0.87	REAL
FOSL	+ 0.87	ELA
BGI	+ 0.83	REAL
ELA	+ 0.82	MOV
FOSL	+ 0.82	REAL

High negative correlations

BGI	- 0.67	TPR
BGI	- 0.63	MYTE
REAL	- 0.45	TPR
MYTE	- 0.43	REAL
FOSL	- 0.39	TPR
MYTE	- 0.35	FOSL

Risk-Adjusted Indicators

There is a big difference between Brilliant Stock performing well and Brilliant Earth 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 Brilliant Earth'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
CPRI	2.38	(0.05)	0.00	0.26	0.00	0.00	4.97	(4.43)	20.30
MOV	1.34	(0.17)	0.00	(0.26)	0.00	0.00	2.77	(2.78)	7.03
TPR	1.79	0.32	0.14	0.24	2.13	(1.89)	3.56	(3.60)	17.66
REAL	4.16	(0.25)	0.00	(0.20)	0.00	0.00	6.46	(8.83)	36.64
LANV	4.65	0.52	0.11	(6.50)	4.92	(5.65)	13.21	(10.67)	27.75
ELA	1.72	(0.44)	0.00	(0.98)	0.00	0.00	2.95	(3.97)	13.23
FOSL	3.93	(0.49)	0.00	(0.94)	0.00	0.00	6.79	(8.39)	37.53
MYTE	3.24	0.30	0.09	0.26	3.08	(4.06)	6.87	(5.70)	30.56
JEWL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BGI	3.16	(0.37)	0.00	(0.56)	0.00	0.00	9.33	(9.23)	26.51

Brilliant Earth Corporate Management

Beth Gerstein	CEO Director	Profile
Pamela Catlett	Chief Officer	Profile
Chuenhong Kuo	Chief Officer	Profile
Sharon Dziesietnik	Chief Officer	Profile
Colin Bourland	Business Strategy	Profile

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