BRP Correlations

DOOO Stock

USD 39.11 0.17 0.43%

The current 90-days correlation between BRP Inc and LCI Industries is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BRP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRP Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

BRP Correlation With Market

Weak diversification

The correlation between BRP Inc and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BRP Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BRP Stock

0.75	BC	Brunswick	Pair Corr
0.83	UA	Under Armour C	Pair Corr
0.93	VMAR	Vision Marine Techno	Pair Corr
0.82	WLDS	Wearable Devices	Pair Corr
0.69	EZGO	EZGO Technologies	Pair Corr
0.74	FEBO	Fenbo Holdings	Pair Corr
0.64	BLD	Topbuild Corp	Pair Corr
0.86	BZH	Beazer Homes USA	Pair Corr
0.61	CCS	Century Communities	Pair Corr
0.75	FOSL	Fossil Group	Pair Corr
0.83	CRI	Carters	Pair Corr
0.85	DHI	DR Horton	Pair Corr
0.8	DTC	Solo Brands	Pair Corr
0.91	HBI	Hanesbrands	Pair Corr
0.76	HOV	Hovnanian Enterprises	Pair Corr
0.63	IBP	Installed Building	Pair Corr
0.71	KBH	KB Home	Pair Corr
0.75	KTB	Kontoor Brands	Pair Corr
0.76	LEN	Lennar	Pair Corr
0.8	MHO	MI Homes	Pair Corr
0.65	MPX	Marine Products	Pair Corr
0.71	MTH	Meritage	Pair Corr

Moving against BRP Stock

0.42	GIL	Gildan Activewear	Pair Corr
0.38	RL	Ralph Lauren Corp Sell-off Trend	Pair Corr
0.81	MAT	Mattel Inc	Pair Corr
0.74	RGR	Sturm Ruger	Pair Corr
0.6	HAS	Hasbro Inc	Pair Corr
0.41	SKY	Skyline	Pair Corr

Related Correlations Analysis

	LCII	MCFT	MBUU	WGO	MPX	THO	BC	EZGO	PII
LCII		0.75	0.84	0.81	0.73	0.84	0.86	0.56	0.58	LCII
MCFT	0.75		0.88	0.76	0.84	0.59	0.81	0.6	0.58	MCFT
MBUU	0.84	0.88		0.91	0.93	0.72	0.95	0.68	0.69	MBUU
WGO	0.81	0.76	0.91		0.87	0.71	0.95	0.78	0.84	WGO
MPX	0.73	0.84	0.93	0.87		0.63	0.89	0.67	0.67	MPX
THO	0.84	0.59	0.72	0.71	0.63		0.75	0.32	0.32	THO
BC	0.86	0.81	0.95	0.95	0.89	0.75		0.66	0.75	BC
EZGO	0.56	0.6	0.68	0.78	0.67	0.32	0.66		0.87	EZGO
PII	0.58	0.58	0.69	0.84	0.67	0.32	0.75	0.87		PII
	LCII	MCFT	MBUU	WGO	MPX	THO	BC	EZGO	PII

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Risk-Adjusted Indicators

There is a big difference between BRP Stock performing well and BRP 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 BRP'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
LCII	1.55	(0.29)	(0.32)	2.58	(4.00)	10.45
MCFT	1.87	(0.15)	(0.31)	2.89	(4.14)	22.81
MBUU	1.99	(0.37)	(0.41)	3.93	(4.37)	11.03
WGO	2.17	(0.58)	(0.62)	3.49	(4.39)	10.53
MPX	1.49	(0.13)	(0.27)	3.06	(3.26)	12.51
THO	1.91	(0.27)	(0.42)	3.61	(4.17)	18.55
BC	1.53	(0.27)	(0.30)	2.70	(3.12)	9.68
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

BRP Corporate Management

Patrick Dussault	Powersports Operations	Profile
Sebastien Martel	Chief Officer	Profile
Stephane Bilodeau	Chief Officer	Profile
Minh Tran	Executive Group	Profile

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