Birkenstock Holding Correlations

BIRK Stock

49.70 0.07 0.14%

The current 90-days correlation between Birkenstock Holding plc and Mativ Holdings is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Birkenstock Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Birkenstock Holding plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Birkenstock Holding Correlation With Market

Very weak diversification

The correlation between Birkenstock Holding plc and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Birkenstock Holding plc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Birkenstock Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Birkenstock Holding plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Birkenstock Stock

0.62	DOGZ	Dogness International	Pair Corr
0.79	HBI	Hanesbrands	Pair Corr
0.78	LULU	Lululemon Athletica	Pair Corr

Moving against Birkenstock Stock

0.73	CCS	Century Communities Earnings Call This Week	Pair Corr
0.68	DHI	DR Horton	Pair Corr
0.64	DFH	Dream Finders Homes Downward Rally	Pair Corr
0.39	PII	Polaris Industries Earnings Call This Week	Pair Corr
0.33	TPH	TRI Pointe Homes Earnings Call This Week	Pair Corr
0.67	LE	Lands End	Pair Corr
0.66	MODG	Callaway Golf	Pair Corr
0.63	QS	Quantumscape Corp Earnings Call This Week	Pair Corr
0.51	BH	Biglari Holdings	Pair Corr
0.47	EM	Smart Share Global	Pair Corr
0.43	MCFT	MCBC Holdings	Pair Corr
0.41	F	Ford Motor Earnings Call This Week	Pair Corr
0.37	AN	AutoNation	Pair Corr
0.36	BQ	Boqii Holding Limited	Pair Corr
0.35	BIRD	Allbirds	Pair Corr

Related Correlations Analysis

	MATV	HDSN	CDXS	TYGO	VLN	SCL	NTES	CLS
MATV		0.54	0.68	0.89	0.19	0.52	0.59	0.94	MATV
HDSN	0.54		0.32	0.54	0.01	0.91	0.81	0.51	HDSN
CDXS	0.68	0.32		0.51	0.65	0.36	0.15	0.67	CDXS
TYGO	0.89	0.54	0.51		0.04	0.47	0.68	0.93	TYGO
VLN	0.19	0.01	0.65	0.04		0.0	-0.22	0.23	VLN
SCL	0.52	0.91	0.36	0.47	0.0		0.8	0.46	SCL
NTES	0.59	0.81	0.15	0.68	-0.22	0.8		0.59	NTES
CLS	0.94	0.51	0.67	0.93	0.23	0.46	0.59		CLS
	MATV	HDSN	CDXS	TYGO	VLN	SCL	NTES	CLS

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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

CLS	+ 0.94	MATV
CLS	+ 0.93	TYGO
SCL	+ 0.91	HDSN
TYGO	+ 0.89	MATV
NTES	+ 0.81	HDSN
NTES	+ 0.8	SCL

High negative correlations

NTES	- 0.22	VLN
SCL	- 0.0	VLN

Risk-Adjusted Indicators

There is a big difference between Birkenstock Stock performing well and Birkenstock Holding 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 Birkenstock Holding'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
MATV	2.80	0.58	0.25	0.42	2.26	(3.61)	7.56	(4.42)	16.14
HDSN	2.25	0.38	0.23	0.37	1.65	(3.06)	8.29	(3.51)	20.60
CDXS	3.40	0.24	0.10	0.23	3.66	(3.84)	7.89	(6.86)	25.55
TYGO	3.38	0.78	0.14	1.21	4.25	(3.96)	7.29	(5.41)	29.68
VLN	2.96	0.28	0.07	0.45	3.42	(3.94)	6.00	(4.24)	20.80
SCL	1.61	0.10	0.08	0.21	1.43	(1.93)	3.97	(2.58)	10.46
NTES	1.39	0.42	0.28	0.78	0.94	(1.73)	2.85	(2.29)	17.19
CLS	2.25	1.01	0.49	1.13	1.49	(2.99)	5.50	(3.35)	14.13

Birkenstock Holding Corporate Management

Markus Baum	Chief Officer	Profile
Ivica Krolo	Chief Officer	Profile
Christian Heesch	Chief Officer	Profile
Volker Bach	Vice Accounting	Profile
Mark Jensen	Chief Officer	Profile

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