BRUNSWICK Correlations

BWI Stock

EUR 73.14 0.50 0.68%

The current 90-days correlation between BRUNSWICK and Xiabuxiabu Catering Management is 0.09 (i.e., Significant diversification). The correlation of BRUNSWICK 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.

BRUNSWICK Correlation With Market

Very poor diversification

The correlation between BRUNSWICK and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BRUNSWICK and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BRUNSWICK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRUNSWICK when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BRUNSWICK - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BRUNSWICK to buy it.

Moving together with BRUNSWICK Stock

0.84	WD5A	TRAVEL LEISURE DL	Pair Corr
0.84	DBPE	Xtrackers LevDAX	Pair Corr
0.66	E908	Lyxor 1	Pair Corr

Moving against BRUNSWICK Stock

0.86	DBPD	Xtrackers ShortDAX	Pair Corr
0.76	APC	Apple Inc Earnings Call Tomorrow	Pair Corr
0.76	APC	Apple Inc Earnings Call Tomorrow	Pair Corr
0.75	APC	Apple Inc Earnings Call Tomorrow	Pair Corr
0.75	APC	Apple Inc Earnings Call Tomorrow	Pair Corr
0.74	APC	Apple Inc Earnings Call Tomorrow	Pair Corr
0.69	MSF	Microsoft Earnings Call Today	Pair Corr
0.69	MSF	Microsoft Earnings Call Today	Pair Corr
0.68	MSF	Microsoft Earnings Call Today	Pair Corr
0.68	MSF	Microsoft Earnings Call Today	Pair Corr
0.5	MSF	Microsoft Earnings Call Today	Pair Corr

Related Correlations Analysis

	GKD	DVY	0XI	4JF	51A	A3J	0QN	DVY
GKD		0.92	0.66	0.09	-0.05	-0.15	-0.33	0.91	GKD
DVY	0.92		0.43	0.24	0.18	0.02	-0.18	0.95	DVY
0XI	0.66	0.43		-0.42	-0.66	-0.68	-0.66	0.52	0XI
4JF	0.09	0.24	-0.42		0.8	0.84	0.52	0.2	4JF
51A	-0.05	0.18	-0.66	0.8		0.85	0.59	0.09	51A
A3J	-0.15	0.02	-0.68	0.84	0.85		0.77	-0.05	A3J
0QN	-0.33	-0.18	-0.66	0.52	0.59	0.77		-0.26	0QN
DVY	0.91	0.95	0.52	0.2	0.09	-0.05	-0.26		DVY
	GKD	DVY	0XI	4JF	51A	A3J	0QN	DVY

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

DVY	+ 0.95	DVY
DVY	+ 0.92	GKD
DVY	+ 0.91	GKD
A3J	+ 0.85	51A
A3J	+ 0.84	4JF
51A	+ 0.8	4JF

High negative correlations

A3J	- 0.68	0XI
0QN	- 0.66	0XI
51A	- 0.66	0XI
4JF	- 0.42	0XI
0QN	- 0.33	GKD
DVY	- 0.26	0QN

Risk-Adjusted Indicators

There is a big difference between BRUNSWICK Stock performing well and BRUNSWICK 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 BRUNSWICK'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
GKD	1.63	(0.32)	0.00	1.06	0.00	0.00	3.10	(4.61)	9.60
DVY	2.06	(0.40)	0.00	(0.68)	0.00	0.00	3.77	(3.73)	31.56
0XI	2.08	(0.52)	0.00	(0.45)	0.00	0.00	3.76	(4.11)	9.92
4JF	1.54	0.41	0.18	3.37	1.49	(2.02)	4.49	(2.52)	10.83
51A	1.80	0.11	0.04	0.22	1.82	(2.64)	5.52	(3.60)	9.89
A3J	1.45	0.30	0.10	1.95	1.66	(1.86)	2.85	(3.46)	10.64
0QN	1.51	0.01	(0.01)	0.09	1.89	(1.67)	3.43	(3.67)	11.38
DVY	2.26	(0.28)	0.00	(0.78)	0.00	0.00	3.82	(4.76)	31.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in BRUNSWICK without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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