Malibu Boats Correlations

MBUU Stock

USD 34.36 0.59 1.69%

The current 90-days correlation between Malibu Boats and MCBC Holdings is 0.62 (i.e., Poor diversification). The correlation of Malibu Boats 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.

Malibu Boats Correlation With Market

Very weak diversification

The correlation between Malibu Boats and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Malibu Boats 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 Malibu Boats. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Malibu Stock please use our How to Invest in Malibu Boats guide.

Moving together with Malibu Stock

0.91	BC	Brunswick	Pair Corr
0.87	UA	Under Armour C	Pair Corr
0.76	EZGO	EZGO Technologies	Pair Corr
0.84	BLD	Topbuild Corp Earnings Call Today	Pair Corr
0.8	BZH	Beazer Homes USA	Pair Corr
0.93	CCS	Century Communities	Pair Corr
0.91	DFH	Dream Finders Homes Earnings Call Today	Pair Corr
0.83	DHI	DR Horton	Pair Corr
0.66	DTC	Solo Brands	Pair Corr
0.9	HOV	Hovnanian Enterprises	Pair Corr
0.78	HWH	HWH International Buyout Trend	Pair Corr
0.84	IBP	Installed Building	Pair Corr
0.9	KBH	KB Home	Pair Corr
0.89	LEN	Lennar	Pair Corr
0.87	MHO	MI Homes	Pair Corr
0.92	MPX	Marine Products	Pair Corr
0.89	MTH	Meritage	Pair Corr
0.86	PHM	PulteGroup	Pair Corr
0.74	PII	Polaris Industries	Pair Corr

Moving against Malibu Stock

0.78	VNCE	Vince Holding Corp	Pair Corr
0.64	VUZI	Vuzix Corp Cmn Buyout Trend	Pair Corr
0.61	AS	Amer Sports,	Pair Corr
0.57	FORD	Forward Industries	Pair Corr
0.53	RL	Ralph Lauren Corp	Pair Corr
0.54	MSN	Emerson Radio	Pair Corr

Related Correlations Analysis

	PII	MCFT	LCII	THO	DOOO	WGO	MPX	BC	EZGO
PII		0.7	0.72	0.45	0.6	0.91	0.75	0.82	0.91	PII
MCFT	0.7		0.85	0.76	0.04	0.83	0.9	0.88	0.75	MCFT
LCII	0.72	0.85		0.86	0.08	0.84	0.82	0.91	0.71	LCII
THO	0.45	0.76	0.86		-0.11	0.68	0.74	0.84	0.44	THO
DOOO	0.6	0.04	0.08	-0.11		0.41	0.22	0.23	0.35	DOOO
WGO	0.91	0.83	0.84	0.68	0.41		0.89	0.95	0.87	WGO
MPX	0.75	0.9	0.82	0.74	0.22	0.89		0.91	0.77	MPX
BC	0.82	0.88	0.91	0.84	0.23	0.95	0.91		0.8	BC
EZGO	0.91	0.75	0.71	0.44	0.35	0.87	0.77	0.8		EZGO
	PII	MCFT	LCII	THO	DOOO	WGO	MPX	BC	EZGO

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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

BC	+ 0.95	WGO
WGO	+ 0.91	PII
EZGO	+ 0.91	PII
BC	+ 0.91	LCII
BC	+ 0.91	MPX
MPX	+ 0.9	MCFT

High negative correlations

DOOO

- 0.11

THO

Risk-Adjusted Indicators

There is a big difference between Malibu Stock performing well and Malibu Boats 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 Malibu Boats' 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
PII	1.93	(0.49)	(0.72)	4.12	(4.99)	14.16
MCFT	1.77	(0.14)	(0.18)	2.69	(4.14)	22.81
LCII	1.47	(0.09)	(0.07)	3.21	(3.46)	9.26
THO	1.54	(0.10)	(0.10)	2.99	(2.57)	8.05
DOOO	1.95	(0.22)	(0.29)	3.49	(4.37)	14.05
WGO	1.80	(0.43)	(0.42)	3.43	(3.88)	9.23
MPX	1.53	(0.15)	(0.21)	2.97	(3.26)	12.51
BC	1.36	(0.30)	(0.26)	3.38	(2.72)	10.09
EZGO	4.12	(0.86)	(1.80)	7.95	(8.82)	25.24

Malibu Boats Corporate Executives

Elected by the shareholders, the Malibu Boats' board of directors comprises two types of representatives: Malibu Boats inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Malibu. The board's role is to monitor Malibu Boats' management team and ensure that shareholders' interests are well served. Malibu Boats' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Malibu Boats' outside directors are responsible for providing unbiased perspectives on the board's policies.

Wayne Wilson

CFO and Secretary

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