Brown Forman Correlations

Stocks . Germany . 
Stock . Brown Forman
BF5A Stock  EUR 25.60  1.80  7.56%   
The current 90-days correlation between Brown Forman and NORWEGIAN AIR SHUT is 0.18 (i.e., Average 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

Good diversification

The correlation between Brown Forman and DJI is -0.09 (i.e., Good 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.
  
The ability to find closely correlated positions to Brown Forman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brown Forman 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 Brown Forman - 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 Brown Forman to buy it.

Moving together with Brown Stock

  0.93GUI Diageo plcPairCorr
  0.95UM9 AS Latvijas balzamsPairCorr

Moving against Brown Stock

  0.83BAYN Bayer AG NAPairCorr
  0.713RW VIRGIN WINES UKPairCorr
  0.69XTP Sino AGPairCorr
  0.59GQ6 LANSON BCC INHPairCorr
  0.5774F LIFE BANC SPLITPairCorr
  0.51KOM1 KomatsuPairCorr
  0.53J8 JPM INDIAN INVTPairCorr
  0.480KJ ABERFORTH SMCOS TRLS Earnings Call This WeekPairCorr
  0.391W3 WSP GlobalPairCorr
  0.39SEBC Skandinaviska EnskildaPairCorr
  0.37BAKA Bankinter SA Earnings Call This WeekPairCorr
  0.82F1YN Lundin GoldPairCorr
  0.79JOT ELEKTROBITPairCorr
  0.782C6 China Development BankPairCorr
  0.76FA2 FORWARD AIR PPairCorr
  0.69FPMB Freeport McMoRan Earnings Call This WeekPairCorr
  0.61AG8 AGILENT TECHPairCorr
  0.56PZXB PING AN INSURANCHPairCorr
  0.53HEI Heidelberg MaterialsPairCorr
  0.52GGS Gigaset AGPairCorr
  0.47KGHA KGHM Polska MiedzPairCorr
  0.45WOF Wolford AktiengesellschaPairCorr
  0.43E908 Lyxor 1PairCorr
  0.38RHM Rheinmetall AGPairCorr
  0.36RAX RANGE RESOURCES Earnings Call TomorrowPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
WB2
+ 0.89
OYC
US8
+ 0.86
FA2
OYC
+ 0.71
NWC
FA2
+ 0.66
NWC
FA2
+ 0.65
OYC
WB2
+ 0.62
FA2
  
High negative correlations   
US8
- 0.46
BZU
FA2
- 0.32
BZU
BZU
- 0.03
NWC

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brown Forman 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.

Did you try this?

Run Portfolio Comparator Now

   

Portfolio Comparator

Compare the composition, asset allocations and performance of any two portfolios in your account
All  Next Launch Module

Brown Forman Corporate Management

Elected by the shareholders, the Brown Forman's board of directors comprises two types of representatives: Brown Forman inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Brown. The board's role is to monitor Brown Forman's management team and ensure that shareholders' interests are well served. Brown Forman's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Brown Forman's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael TodmanIndependent DirectorProfile
Kathleen GutmannIndependent DirectorProfile
Stuart BrownDirectorProfile
Michael RoneyIndependent DirectorProfile
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY