Brown Forman Correlations

BF-B Stock

USD 28.92 0.12 0.41%

The current 90-days correlation between Brown Forman and Brown Forman is 0.98 (i.e., Almost no 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 0.28 (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.

Build AI portfolio with Brown Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brown Forman. 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 Brown Stock

0.64	WVVI	Willamette Valley	Pair Corr
0.92	DEO	Diageo PLC ADR	Pair Corr
0.65	WVVIP	Willamette Valley	Pair Corr
0.67	SBEV	Splash Beverage Group	Pair Corr
0.81	K	Kellanova Earnings Call This Week	Pair Corr
0.62	BJ	BJs Wholesale Club	Pair Corr
0.64	GO	Grocery Outlet Holding	Pair Corr
0.71	JZ	Jianzhi Education	Pair Corr

Moving against Brown Stock

0.89	DG	Dollar General	Pair Corr
0.75	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.73	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.44	MO	Altria Group	Pair Corr
0.37	IH	Ihuman Inc Trending	Pair Corr
0.78	DTCK	Davis Commodities	Pair Corr
0.76	DLTR	Dollar Tree	Pair Corr
0.67	WILC	G Willi Food	Pair Corr
0.66	EWCZ	European Wax Center	Pair Corr
0.59	FEDU	Four Seasons Education	Pair Corr
0.55	FAMI	Farmmi Inc	Pair Corr
0.53	YQ	17 Education Technology	Pair Corr
0.43	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr
0.37	VITL	Vital Farms	Pair Corr

Related Correlations Analysis

	BF-A	MGPI	DEO	STZ	CINF	CTAS	DOV	MKC	GWW
BF-A		0.21	0.92	0.96	-0.33	-0.38	-0.42	0.13	0.01	BF-A
MGPI	0.21		0.3	0.24	0.54	0.17	0.58	0.04	0.4	MGPI
DEO	0.92	0.3		0.95	-0.23	-0.31	-0.38	0.24	0.16	DEO
STZ	0.96	0.24	0.95		-0.34	-0.43	-0.41	0.21	0.02	STZ
CINF	-0.33	0.54	-0.23	-0.34		0.86	0.84	-0.31	0.78	CINF
CTAS	-0.38	0.17	-0.31	-0.43	0.86		0.6	-0.33	0.77	CTAS
DOV	-0.42	0.58	-0.38	-0.41	0.84	0.6		-0.33	0.53	DOV
MKC	0.13	0.04	0.24	0.21	-0.31	-0.33	-0.33		-0.31	MKC
GWW	0.01	0.4	0.16	0.02	0.78	0.77	0.53	-0.31		GWW
	BF-A	MGPI	DEO	STZ	CINF	CTAS	DOV	MKC	GWW

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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

STZ	+ 0.96	BF-A
STZ	+ 0.95	DEO
DEO	+ 0.92	BF-A
CTAS	+ 0.86	CINF
DOV	+ 0.84	CINF
GWW	+ 0.78	CINF

High negative correlations

CTAS	- 0.43	STZ
DOV	- 0.42	BF-A
DOV	- 0.41	STZ
DOV	- 0.38	DEO
CTAS	- 0.38	BF-A
CINF	- 0.34	STZ

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
BF-A	1.48	(0.33)	0.00	(0.24)	0.00	0.00	2.62	(2.80)	19.78
MGPI	1.78	0.07	0.02	0.22	2.30	(1.82)	4.26	(3.15)	12.88
DEO	1.06	(0.15)	0.00	(0.27)	0.00	0.00	2.20	(2.26)	8.07
STZ	1.14	(0.19)	0.00	(0.27)	0.00	0.00	2.08	(2.90)	8.90
CINF	1.05	0.06	0.04	0.18	1.21	(1.05)	2.50	(2.19)	6.52
CTAS	0.84	(0.01)	(0.04)	0.11	1.08	(0.88)	1.72	(1.69)	6.57
DOV	0.99	0.07	0.08	0.19	0.81	(1.24)	2.06	(1.33)	7.11
MKC	1.11	(0.21)	0.00	(0.16)	0.00	0.00	1.82	(2.25)	7.18
GWW	0.98	(0.07)	(0.07)	0.05	1.17	(1.01)	2.05	(1.72)	5.61

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

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