Brooks Automation Correlations
| BA3 Stock | EUR 20.00 -0.20 -0.99% |
The current 90-days correlation between Brooks Automation and Eutelsat Communications is 0.11 (i.e., Average diversification).A low or negative correlation between Brooks Automation and other assets in a portfolio can meaningfully reduce drawdowns without proportionally reducing expected return.
Market Linkage for Brooks Automation
Good diversification
Across the chosen horizon, BA3 and DJI show a correlation of -0.04 and fall into the Good diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Brooks |
Correlation context here can be used to compare Brooks Automation with related instruments. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.
Moving against Brooks Stock
| 0.8 | SJ7 | SODEXO | PairCorr |
| 0.76 | HS1 | Healthcare Services | PairCorr |
| 0.75 | KSF1 | SHINHAN FINL ADR1 | PairCorr |
| 0.75 | KBIA | KB Financial Group | PairCorr |
| 0.74 | 2WGA | WOORI FIN GRP | PairCorr |
| 0.71 | MABB | Mitchells Butlers plc | PairCorr |
| 0.65 | BMN | BM European Value | PairCorr |
| 0.59 | I29 | FVCBankcorp | PairCorr |
| 0.58 | JSE | Japan Securities Finance | PairCorr |
| 0.58 | U0K | Fidelis Insurance | PairCorr |
| 0.53 | QJ9 | PlaySide Studios | PairCorr |
| 0.49 | IMI1 | IMI plc | PairCorr |
| 0.47 | TA2 | PT Bank Tabungan | PairCorr |
| 0.45 | 4GC | National Storage Aff | PairCorr |
| 0.4 | PQ90 | BK MANDIRI ADR20 | PairCorr |
| 0.36 | ASME | ASML Holding NV | PairCorr |
| 0.34 | 1SN | FIRST TIN PLC | PairCorr |
| 0.34 | SCP | Scancell Holdings plc | PairCorr |
| 0.31 | EDGA | Gold Fields Limited | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Brooks Stock performing well and Brooks Automation 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 Brooks Automation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PZX | 1.45 | 0.15 | 0.08 | 1.50 | 1.56 | 4.01 | 9.70 | |||
| E3B | 3.23 | -0.02 | 0.00 | -0.03 | 0.00 | 7.10 | 23.38 | |||
| CHWD | 0.81 | 0.03 | 0.02 | -0.29 | 1.17 | 1.69 | 12.20 | |||
| 4SB | 1.12 | 0.02 | 0.01 | 0.30 | 1.62 | 2.56 | 7.17 | |||
| 7XJ | 1.42 | 0.13 | 0.08 | -1.49 | 1.31 | 3.67 | 8.86 | |||
| QBE | 1.32 | 0.26 | 0.13 | 1.08 | 1.51 | 2.60 | 9.79 | |||
| RCI | 1.31 | 0.14 | 0.08 | -3.16 | 1.38 | 3.69 | 9.47 | |||
| KMBA | 2.20 | 0.61 | 0.20 | -0.57 | 1.70 | 6.04 | 21.62 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to Brooks Automation is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.
Did you try this?
Run Alpha Finder Now
Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
Brooks Automation Corporate Management
Governance review matters for Brooks Automation because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. This becomes more valuable when investors want to compare oversight quality across firms that may otherwise look financially similar.
| Ephraim Starr | General VP | Profile | |
| Vandana Sriram | Corp Fin | Profile | |
| Kimberly Crowley | VP Officer | Profile | |
| Robin Vacha | VP Operations | Profile | |
| Sara Silverman | Head Relations | Profile | |
| John OBrien | Sr Devel | Profile | |
| Lindon Robertson | Ex CFO | Profile |