Brown Forman Correlations
| BF-B Stock | USD 30.76 0.12 0.39% |
The current 90-days correlation between Brown Forman and The Clorox is 0.34 (i.e., Weak diversification). The correlation of Brown Forman 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.
Brown Forman Correlation With Market
Modest diversification
The correlation between Brown Forman and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brown Forman and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Brown Stock
| 0.76 | LNDNF | Lundin Energy AB | PairCorr |
| 0.61 | SB | Safe Bulkers | PairCorr |
| 0.82 | ACN | Accenture plc Earnings Call This Week | PairCorr |
| 0.73 | WNGRF | George Weston Limited | PairCorr |
| 0.8 | BJURF | Bonjour Holdings | PairCorr |
| 0.64 | FDX | FedEx Earnings Call This Week | PairCorr |
Moving against Brown Stock
| 0.81 | 002304 | Jiangsu Yanghe Brewery | PairCorr |
| 0.76 | 000860 | Beijing Shunxin Agri | PairCorr |
| 0.73 | 000799 | Jiugui Liquor | PairCorr |
| 0.71 | 000995 | Gansu Huangtai Wine | PairCorr |
| 0.47 | TWE | Treasury Wine Estates | PairCorr |
| 0.46 | 300755 | Vats Liquor Chain | PairCorr |
| 0.39 | 600616 | Shanghai Jinfeng Wine | PairCorr |
| 0.35 | 600543 | Gansu Mogao Industrial | PairCorr |
| 0.32 | 000596 | Anhui Gujing Distillery | PairCorr |
| 0.31 | 603919 | Jinhui Liquor | PairCorr |
| 0.33 | BB | BlackBerry Earnings Call This Week | 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
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Risk-Adjusted Indicators
There is a big difference between Brown Stock performing well and Brown Forman 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 Brown Forman'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CLX | 1.07 | (0.29) | 0.00 | (0.55) | 0.00 | 1.67 | 7.63 | |||
| HRL | 1.00 | (0.08) | 0.00 | (0.25) | 0.00 | 1.68 | 11.97 | |||
| COKE | 1.21 | 0.44 | 0.21 | 4.83 | 1.25 | 3.53 | 7.71 | |||
| BJ | 1.22 | (0.12) | 0.00 | (0.13) | 0.00 | 2.90 | 7.06 | |||
| SJM | 1.23 | (0.13) | 0.00 | (0.43) | 0.00 | 2.14 | 6.31 | |||
| CPB | 1.31 | (0.23) | 0.00 | (2.47) | 0.00 | 2.26 | 8.20 | |||
| ACI | 1.21 | (0.12) | 0.00 | (0.24) | 0.00 | 2.34 | 16.11 | |||
| TAP | 1.30 | (0.04) | 0.00 | (0.23) | 0.00 | 3.30 | 8.07 | |||
| PFGC | 1.02 | (0.23) | 0.00 | (0.48) | 0.00 | 2.49 | 6.61 |
Brown Forman Corporate Management
| Mark Bacon | Senior Brands | Profile | |
| Diane Nguyen | Executive Officer | Profile | |
| Sophia Angelis | Senior Brands | Profile | |
| Matthew Hamel | Executive Secretary | Profile | |
| Thomas Hinrichs | Executive International | Profile | |
| Jeremy Shepherd | Executive Officer | Profile |