MasterBrand Correlations

MBC Stock

14.05 0.27 1.96%

The current 90-days correlation between MasterBrand and La Z Boy Incorporated is 0.32 (i.e., Weak diversification). The correlation of MasterBrand 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.

MasterBrand Correlation With Market

Weak diversification

The correlation between MasterBrand 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 MasterBrand and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasterBrand. 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 labor statistics.

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

Moving together with MasterBrand Stock

0.83	SN	SharkNinja,	Pair Corr
0.69	ETD	Ethan Allen Interiors	Pair Corr
0.85	LEG	Leggett Platt	Pair Corr
0.75	LZB	La Z Boy	Pair Corr
0.76	MHK	Mohawk Industries	Pair Corr
0.67	NCL	Northann Corp	Pair Corr
0.63	LOVE	Lovesac	Pair Corr
0.71	PATK	Patrick Industries	Pair Corr
0.88	PRPL	Purple Innovation	Pair Corr
0.71	AMWD	American Woodmark	Pair Corr
0.68	CRWS	Crown Crafts	Pair Corr
0.7	H	Hyatt Hotels	Pair Corr
0.77	W	Wayfair	Pair Corr
0.74	AN	AutoNation	Pair Corr
0.61	AS	Amer Sports,	Pair Corr
0.74	BC	Brunswick	Pair Corr

Moving against MasterBrand Stock

0.6	VIOT	Viomi Technology ADR Earnings Call This Week	Pair Corr
0.6	EFOI	Energy Focu	Pair Corr
0.48	HBB	Hamilton Beach Brands	Pair Corr
0.64	LI	Li Auto	Pair Corr
0.6	IH	Ihuman Inc	Pair Corr
0.59	BSET	Bassett Furniture	Pair Corr
0.59	JZ	Jianzhi Education	Pair Corr
0.53	GV	Visionary Education Downward Rally	Pair Corr

Related Correlations Analysis

	BSET	ETD	NTZ	FLXS	KBAL	HBB	LZB	MLKN	HOFT
BSET		-0.21	0.16	-0.74	0.0	0.76	-0.41	-0.5	-0.43	BSET
ETD	-0.21		0.35	0.54	0.0	-0.28	0.79	0.59	0.38	ETD
NTZ	0.16	0.35		-0.2	0.0	0.11	0.41	0.02	-0.21	NTZ
FLXS	-0.74	0.54	-0.2		0.0	-0.63	0.54	0.8	0.77	FLXS
KBAL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	KBAL
HBB	0.76	-0.28	0.11	-0.63	0.0		-0.46	-0.38	-0.19	HBB
LZB	-0.41	0.79	0.41	0.54	0.0	-0.46		0.59	0.23	LZB
MLKN	-0.5	0.59	0.02	0.8	0.0	-0.38	0.59		0.87	MLKN
HOFT	-0.43	0.38	-0.21	0.77	0.0	-0.19	0.23	0.87		HOFT
	BSET	ETD	NTZ	FLXS	KBAL	HBB	LZB	MLKN	HOFT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

HOFT	+ 0.87	MLKN
MLKN	+ 0.8	FLXS
LZB	+ 0.79	ETD
HOFT	+ 0.77	FLXS
HBB	+ 0.76	BSET
MLKN	+ 0.59	ETD

High negative correlations

FLXS	- 0.74	BSET
HBB	- 0.63	FLXS
MLKN	- 0.5	BSET
LZB	- 0.46	HBB
HOFT	- 0.43	BSET
LZB	- 0.41	BSET

Risk-Adjusted Indicators

There is a big difference between MasterBrand Stock performing well and MasterBrand 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 MasterBrand'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
BSET	1.55	0.19	0.11	0.86	2.12	(1.64)	3.43	(3.13)	10.96
ETD	1.24	(0.08)	0.00	(0.20)	0.00	0.00	1.94	(2.52)	14.02
NTZ	2.86	(0.13)	0.00	0.18	0.00	0.00	6.75	(6.11)	24.28
FLXS	2.67	(0.41)	0.00	(0.39)	0.00	0.00	4.30	(5.34)	37.91
KBAL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HBB	2.20	0.29	0.12	0.25	2.47	(2.41)	5.34	(4.38)	17.62
LZB	1.44	(0.15)	0.00	(0.26)	0.00	0.00	2.96	(3.84)	9.42
MLKN	1.51	(0.32)	0.00	(0.49)	0.00	0.00	2.25	(3.79)	9.84
HOFT	1.77	(0.45)	0.00	(1.66)	0.00	0.00	3.17	(4.36)	12.35

MasterBrand Corporate Management

Andrean Esq	Chief VP	Profile
Bruce Kendrick	Executive Officer	Profile
Martin Doren	Executive Sales	Profile
Navi Grewal	Executive Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC