Winnebago Industries Correlations

WGO Stock

USD 34.76 0.08 0.23%

The current 90-days correlation between Winnebago Industries and LCI Industries is 0.72 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Winnebago Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Winnebago Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Winnebago Industries Correlation With Market

Weak diversification

The correlation between Winnebago Industries and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Winnebago Industries and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Winnebago 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 price.

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

Moving together with Winnebago Stock

0.87	BWA	BorgWarner	Pair Corr
0.86	MGA	Magna International	Pair Corr
0.81	MOD	Modine Manufacturing	Pair Corr
0.82	GNTX	Gentex	Pair Corr
0.7	INVZ	Innoviz Technologies	Pair Corr
0.65	LCID	Lucid Group	Pair Corr
0.81	NWTN	NWTN Class B	Pair Corr
0.87	VFSWW	VinFast Auto	Pair Corr
0.8	RIVN	Rivian Automotive	Pair Corr
0.95	TSLA	Tesla Inc	Pair Corr
0.72	M	Macys Inc	Pair Corr
0.9	W	Wayfair	Pair Corr
0.94	BC	Brunswick	Pair Corr
0.66	BQ	Boqii Holding Limited	Pair Corr
0.89	FL	Foot Locker	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.88	LE	Lands End Earnings Call This Week	Pair Corr
0.92	RH	RH Earnings Call This Week	Pair Corr
0.9	UA	Under Armour C	Pair Corr
0.86	DLTH	Duluth Holdings	Pair Corr
0.86	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.78	DXLG	Destination XL Group	Pair Corr

Moving against Winnebago Stock

0.81	IH	Ihuman Inc	Pair Corr
0.78	LI	Li Auto	Pair Corr
0.72	GV	Visionary Education	Pair Corr
0.7	JD	JD Inc Adr	Pair Corr
0.59	XOSWW	Xos Equity Warrants	Pair Corr
0.55	APTV	Aptiv PLC	Pair Corr
0.34	DAN	Dana Inc	Pair Corr
0.92	VSTA	Vasta Platform	Pair Corr
0.87	VIPS	Vipshop Holdings	Pair Corr
0.65	AGS	PlayAGS	Pair Corr
0.62	ADT	ADT Inc	Pair Corr
0.54	EVRI	Everi Holdings	Pair Corr

Related Correlations Analysis

	LCII	BC	PII	MPX	MCFT	DOOO	MBUU	THO	EZGO
LCII		0.83	0.22	0.7	0.67	0.55	0.81	0.9	0.46	LCII
BC	0.83		0.34	0.87	0.75	0.8	0.94	0.81	0.58	BC
PII	0.22	0.34		0.25	0.15	0.74	0.25	0.2	0.56	PII
MPX	0.7	0.87	0.25		0.81	0.68	0.92	0.67	0.6	MPX
MCFT	0.67	0.75	0.15	0.81		0.48	0.84	0.61	0.48	MCFT
DOOO	0.55	0.8	0.74	0.68	0.48		0.69	0.51	0.7	DOOO
MBUU	0.81	0.94	0.25	0.92	0.84	0.69		0.79	0.6	MBUU
THO	0.9	0.81	0.2	0.67	0.61	0.51	0.79		0.32	THO
EZGO	0.46	0.58	0.56	0.6	0.48	0.7	0.6	0.32		EZGO
	LCII	BC	PII	MPX	MCFT	DOOO	MBUU	THO	EZGO

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Risk-Adjusted Indicators

There is a big difference between Winnebago Stock performing well and Winnebago 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 Winnebago 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
LCII	1.56	(0.30)	(0.32)	2.58	(4.00)	10.45
BC	1.54	(0.29)	(0.29)	2.70	(3.55)	9.68
PII	2.15	(0.41)	(1.55)	4.62	(4.98)	15.44
MPX	1.50	(0.15)	(0.29)	3.06	(3.26)	12.51
MCFT	1.80	(0.15)	(0.29)	2.89	(4.14)	22.81
DOOO	1.97	(0.43)	(0.49)	3.12	(4.37)	11.56
MBUU	1.99	(0.44)	(0.43)	3.93	(3.93)	11.03
THO	1.92	(0.33)	(0.48)	3.61	(4.17)	18.55
EZGO	4.47	(0.84)	(0.75)	7.41	(10.64)	25.24

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