Thor Industries Correlations

THO Stock

USD 79.08 1.17 1.46%

The current 90-days correlation between Thor Industries and Brunswick is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thor Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thor Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Thor Industries Correlation With Market

Modest diversification

The correlation between Thor Industries and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thor Industries and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.

Moving together with Thor Stock

0.9	HD	Home Depot	Pair Corr
0.84	WEYS	Weyco Group	Pair Corr
0.71	AAP	Advance Auto Parts	Pair Corr
0.85	FNKO	Funko Inc	Pair Corr
0.74	FORD	Forward Industries	Pair Corr
0.62	CMG	Chipotle Mexican Grill	Pair Corr
0.69	CRI	Carters	Pair Corr
0.7	DBI	Designer Brands Buyout Trend	Pair Corr
0.75	DTC	Solo Brands	Pair Corr
0.72	FUN	Six Flags Entertainment	Pair Corr
0.67	GPI	Group 1 Automotive	Pair Corr
0.78	KTB	Kontoor Brands	Pair Corr

Moving against Thor Stock

0.59	VIPS	Vipshop Holdings	Pair Corr
0.55	AZO	AutoZone	Pair Corr
0.39	GPC	Genuine Parts	Pair Corr
0.54	YUM	Yum Brands	Pair Corr
0.39	LNW	Light Wonder	Pair Corr
0.38	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	MPX	MBUU	BC	LCII	DOOO	EZGO	PII	MCFT	WGO
MPX		0.92	0.87	0.7	0.66	0.61	0.62	0.82	0.86	MPX
MBUU	0.92		0.95	0.82	0.67	0.62	0.63	0.85	0.91	MBUU
BC	0.87	0.95		0.83	0.78	0.59	0.7	0.76	0.94	BC
LCII	0.7	0.82	0.83		0.53	0.48	0.49	0.68	0.8	LCII
DOOO	0.66	0.67	0.78	0.53		0.7	0.88	0.47	0.85	DOOO
EZGO	0.61	0.62	0.59	0.48	0.7		0.84	0.51	0.75	EZGO
PII	0.62	0.63	0.7	0.49	0.88	0.84		0.45	0.81	PII
MCFT	0.82	0.85	0.76	0.68	0.47	0.51	0.45		0.71	MCFT
WGO	0.86	0.91	0.94	0.8	0.85	0.75	0.81	0.71		WGO
	MPX	MBUU	BC	LCII	DOOO	EZGO	PII	MCFT	WGO

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Risk-Adjusted Indicators

There is a big difference between Thor Stock performing well and Thor Industries 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 Thor Industries' 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
MPX	1.49	(0.17)	(0.31)	3.06	(3.26)	12.51
MBUU	2.04	(0.48)	(0.47)	3.93	(4.37)	11.03
BC	1.55	(0.32)	(0.32)	2.70	(3.55)	9.68
LCII	1.58	(0.31)	(0.32)	2.58	(4.00)	10.45
DOOO	1.96	(0.39)	(0.47)	3.12	(4.37)	11.56
EZGO	4.44	(0.74)	(0.67)	7.41	(10.64)	25.24
PII	2.19	(0.61)	1.59	4.62	(4.98)	15.44
MCFT	1.82	(0.17)	(0.33)	2.89	(4.14)	22.81
WGO	2.23	(0.61)	(0.61)	3.49	(4.39)	10.53

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