Acushnet Holdings Correlations

GOLF Stock

USD 76.55 0.59 0.78%

The current 90-days correlation between Acushnet Holdings Corp and Callaway Golf is 0.65 (i.e., Poor diversification). The correlation of Acushnet Holdings 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.

Acushnet Holdings Correlation With Market

Poor diversification

The correlation between Acushnet Holdings Corp and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acushnet Holdings Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Acushnet Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Acushnet Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Acushnet Stock

0.65	BC	Brunswick	Pair Corr
0.73	SKX	Skechers USA Sell-off Trend	Pair Corr
0.68	WTO	UTime Limited Tech Boost	Pair Corr
0.76	IH	Ihuman Inc	Pair Corr
0.75	VC	Visteon Corp	Pair Corr
0.86	DNUT	Krispy Kreme	Pair Corr
0.81	FEDU	Four Seasons Education	Pair Corr
0.93	ASO	Academy Sports Outdoors	Pair Corr

Moving against Acushnet Stock

0.58	JZ	Jianzhi Education	Pair Corr
0.55	JAKK	JAKKS Pacific	Pair Corr
0.5	GV	Visionary Education	Pair Corr
0.32	AREBW	American Rebel Holdings	Pair Corr
0.59	EWCZ	European Wax Center	Pair Corr
0.5	EJH	E Home Household	Pair Corr
0.36	BGI	Birks Group	Pair Corr
0.31	GAP	Gap,	Pair Corr

Related Correlations Analysis

	MODG	PRKS	LUCK	JOUT	YETI	LCII	IBP	GMS	FOXF
MODG		0.81	0.84	0.68	0.66	0.81	0.67	0.78	0.64	MODG
PRKS	0.81		0.81	0.78	0.67	0.92	0.84	0.82	0.68	PRKS
LUCK	0.84	0.81		0.59	0.68	0.8	0.6	0.71	0.51	LUCK
JOUT	0.68	0.78	0.59		0.56	0.84	0.95	0.6	0.69	JOUT
YETI	0.66	0.67	0.68	0.56		0.63	0.48	0.61	0.76	YETI
LCII	0.81	0.92	0.8	0.84	0.63		0.87	0.72	0.7	LCII
IBP	0.67	0.84	0.6	0.95	0.48	0.87		0.63	0.66	IBP
GMS	0.78	0.82	0.71	0.6	0.61	0.72	0.63		0.55	GMS
FOXF	0.64	0.68	0.51	0.69	0.76	0.7	0.66	0.55		FOXF
	MODG	PRKS	LUCK	JOUT	YETI	LCII	IBP	GMS	FOXF

Risk-Adjusted Indicators

There is a big difference between Acushnet Stock performing well and Acushnet Holdings 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 Acushnet Holdings' 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
MODG	3.16	0.45	0.18	0.26	3.21	(4.17)	8.66	(4.65)	27.15
PRKS	1.68	0.22	0.16	0.23	1.43	(2.08)	4.23	(2.84)	10.48
LUCK	2.02	0.18	0.07	0.27	2.21	(2.12)	5.17	(3.57)	16.15
JOUT	1.92	0.47	0.27	0.38	1.39	(2.21)	6.24	(2.90)	12.52
YETI	2.20	(0.02)	0.05	0.09	2.91	(2.39)	5.25	(4.10)	15.95
LCII	1.50	0.13	0.14	0.16	1.20	(1.74)	4.14	(2.67)	8.74
IBP	2.23	0.69	0.32	0.55	1.64	(2.51)	5.42	(3.16)	23.31
GMS	1.39	0.55	0.48	1.75	0.00	(1.64)	1.43	(1.23)	25.00
FOXF	2.10	(0.01)	0.04	0.09	2.33	(2.36)	6.08	(4.12)	15.55

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC