Brunswick Correlations

BC Stock

USD 47.33 1.00 2.16%

The current 90-days correlation between Brunswick and Winnebago Industries is 0.77 (i.e., Poor 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.

Brunswick Correlation With Market

Good diversification

The correlation between Brunswick and DJI is -0.14 (i.e., Good 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.

Build AI portfolio with Brunswick Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brunswick. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For information on how to trade Brunswick Stock refer to our How to Trade Brunswick Stock guide.

Moving together with Brunswick Stock

0.91	DOOO	BRP Inc	Pair Corr
0.9	VEEE	Twin Vee Powercats	Pair Corr
0.71	VMAR	Vision Marine Techno	Pair Corr
0.92	EZGO	EZGO Technologies	Pair Corr
0.93	HOG	Harley Davidson	Pair Corr
0.74	MPX	Marine Products	Pair Corr
0.95	BC-PA	Brunswick Corp	Pair Corr
0.96	BC-PC	Brunswick Corp	Pair Corr
0.94	PII	Polaris Industries	Pair Corr
0.92	REE	Ree Automotive Holding	Pair Corr
0.92	THO	Thor Industries	Pair Corr
0.93	WGO	Winnebago Industries	Pair Corr
0.95	LCII	LCI Industries Earnings Call This Week	Pair Corr
0.84	MAMO	Massimo Group Common	Pair Corr
0.94	MBUU	Malibu Boats	Pair Corr
0.9	MCFT	MCBC Holdings Earnings Call This Week	Pair Corr
0.93	ONEW	Onewater Marine	Pair Corr
0.92	H	Hyatt Hotels Earnings Call This Week	Pair Corr
0.97	M	Macys Inc Earnings Call This Week	Pair Corr
0.9	W	Wayfair	Pair Corr
0.95	DIBS	1StdibsCom Earnings Call This Week	Pair Corr
0.7	AN	AutoNation	Pair Corr
0.95	AS	Amer Sports,	Pair Corr
0.89	BQ	Boqii Holding Limited	Pair Corr
0.89	EM	Smart Share Global	Pair Corr
0.97	FL	Foot Locker	Pair Corr
0.62	GM	General Motors	Pair Corr
0.9	GP	GreenPower Motor	Pair Corr
0.9	IP	International Paper	Pair Corr
0.69	JD	JD Inc Adr	Pair Corr
0.83	JL	J Long Group	Pair Corr
0.95	LE	Lands End	Pair Corr
0.76	MI	NFT Limited	Pair Corr
0.94	QS	Quantumscape Corp	Pair Corr

Moving against Brunswick Stock

0.48

Goodyear Tire Rubber Earnings Call Tomorrow

Pair Corr

Related Correlations Analysis

	MCFT	MPX	WGO	LCII	THO	DOOO	EZGO	PII
MCFT		0.84	0.88	0.84	0.83	0.8	0.83	0.82	MCFT
MPX	0.84		0.82	0.69	0.77	0.71	0.75	0.58	MPX
WGO	0.88	0.82		0.93	0.97	0.9	0.93	0.78	WGO
LCII	0.84	0.69	0.93		0.96	0.89	0.92	0.89	LCII
THO	0.83	0.77	0.97	0.96		0.87	0.94	0.79	THO
DOOO	0.8	0.71	0.9	0.89	0.87		0.9	0.82	DOOO
EZGO	0.83	0.75	0.93	0.92	0.94	0.9		0.82	EZGO
PII	0.82	0.58	0.78	0.89	0.79	0.82	0.82		PII
	MCFT	MPX	WGO	LCII	THO	DOOO	EZGO	PII

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MCFT	2.16	(0.04)	0.73	3.69	(4.95)	22.81
MPX	1.58	(0.10)	0.20	2.81	(3.44)	15.69
WGO	2.70	(0.49)	1.56	4.33	(6.79)	22.91
LCII	1.84	(0.36)	1.59	2.58	(4.79)	15.47
THO	2.34	(0.39)	7.62	4.23	(4.88)	16.33
DOOO	2.45	(0.35)	1.50	5.27	(6.72)	19.19
EZGO	3.81	(0.33)	(1.49)	6.45	(8.33)	24.46
PII	2.65	(0.30)	0.68	4.62	(6.36)	24.26

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