MCBC Holdings Correlations

MCFT Stock

USD 17.31 0.11 0.63%

The current 90-days correlation between MCBC Holdings and Malibu Boats is 0.64 (i.e., Poor diversification). The correlation of MCBC Holdings 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.

MCBC Holdings Correlation With Market

Modest diversification

The correlation between MCBC Holdings 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 MCBC Holdings 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 MCBC Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with MCBC Stock

0.65	CRI	Carters	Pair Corr
0.61	KTB	Kontoor Brands	Pair Corr
0.67	LEN	Lennar	Pair Corr
0.72	VRA	Vera Bradley	Pair Corr
0.64	SHOO	Steven Madden	Pair Corr
0.63	CLAR	Clarus Corp	Pair Corr
0.66	HD	Home Depot	Pair Corr

Moving against MCBC Stock

0.44	LNW	Light Wonder	Pair Corr
0.43	VIPS	Vipshop Holdings	Pair Corr
0.41	AGS	PlayAGS	Pair Corr
0.35	AZO	AutoZone	Pair Corr
0.35	YUM	Yum Brands	Pair Corr

Related Correlations Analysis

	MBUU	ONEW	HSII	JOUT	MPAA
MBUU		0.66	0.45	0.77	-0.61	MBUU
ONEW	0.66		0.13	0.28	-0.1	ONEW
HSII	0.45	0.13		0.43	-0.68	HSII
JOUT	0.77	0.28	0.43		-0.63	JOUT
MPAA	-0.61	-0.1	-0.68	-0.63		MPAA
	MBUU	ONEW	HSII	JOUT	MPAA

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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

JOUT	+ 0.77	MBUU
ONEW	+ 0.66	MBUU
HSII	+ 0.45	MBUU
JOUT	+ 0.43	HSII
JOUT	+ 0.28	ONEW
HSII	+ 0.13	ONEW

High negative correlations

MPAA	- 0.68	HSII
MPAA	- 0.63	JOUT
MPAA	- 0.61	MBUU
MPAA	- 0.1	ONEW

Risk-Adjusted Indicators

There is a big difference between MCBC Stock performing well and MCBC Holdings 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 MCBC Holdings' 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
MBUU	2.01	(0.43)	0.00	(0.43)	0.00	0.00	3.93	(4.37)	11.03
ONEW	2.73	(0.14)	0.00	(0.17)	0.00	0.00	6.09	(5.45)	20.83
HSII	1.23	(0.03)	0.00	(0.16)	0.00	0.00	2.44	(3.38)	17.22
JOUT	1.89	(0.42)	0.00	(0.68)	0.00	0.00	3.95	(4.26)	13.35
MPAA	3.81	0.62	0.18	0.60	3.33	(4.90)	11.22	(5.33)	22.07

MCBC Holdings Corporate Management

Patrick May	Pres Crest	Profile
Charlene Hampton	Vice Resources	Profile
Matt McDevitt	VP Sales	Profile
Jim Brown	Vice Operations	Profile
Bradley Nelson	Chief Officer	Profile

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