Bruker Correlations

BRKR Stock

USD 40.55 1.64 3.89%

The current 90-days correlation between Bruker and Glaukos Corp is 0.4 (i.e., Very weak diversification). The correlation of Bruker 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Bruker Correlation With Market

Poor diversification

The correlation between Bruker and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bruker and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bruker Stock

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

To learn how to invest in Bruker Stock, please use our How to Invest in Bruker guide.

Moving together with Bruker Stock

0.77	NKTR	Nektar Therapeutics	Pair Corr
0.77	MRK	Merck Company	Pair Corr
0.71	PFE	Pfizer Inc	Pair Corr
0.71	KMDA	Kamada	Pair Corr
0.69	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.75	INTC	Intel Earnings Call This Week	Pair Corr
0.65	CVX	Chevron Corp	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr

Moving against Bruker Stock

0.53	MCD	McDonalds	Pair Corr
0.42	TRV	The Travelers Companies	Pair Corr
0.31	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	OFIX	NUVA	GKOS	HSKA	ITGR	CNMD	LIVN	IRTC	ZBH	BIO
OFIX		0.0	-0.59	0.0	0.35	-0.13	-0.81	-0.82	0.86	0.28	OFIX
NUVA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NUVA
GKOS	-0.59	0.0		0.0	0.01	-0.21	0.64	0.45	-0.36	0.32	GKOS
HSKA	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HSKA
ITGR	0.35	0.0	0.01	0.0		0.3	0.04	-0.01	0.45	0.05	ITGR
CNMD	-0.13	0.0	-0.21	0.0	0.3		0.43	0.54	-0.18	-0.31	CNMD
LIVN	-0.81	0.0	0.64	0.0	0.04	0.43		0.87	-0.62	-0.1	LIVN
IRTC	-0.82	0.0	0.45	0.0	-0.01	0.54	0.87		-0.77	-0.3	IRTC
ZBH	0.86	0.0	-0.36	0.0	0.45	-0.18	-0.62	-0.77		0.45	ZBH
BIO	0.28	0.0	0.32	0.0	0.05	-0.31	-0.1	-0.3	0.45		BIO
	OFIX	NUVA	GKOS	HSKA	ITGR	CNMD	LIVN	IRTC	ZBH	BIO

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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

IRTC	+ 0.87	LIVN
ZBH	+ 0.86	OFIX
LIVN	+ 0.64	GKOS
IRTC	+ 0.54	CNMD
IRTC	+ 0.45	GKOS
ZBH	+ 0.45	ITGR

High negative correlations

IRTC	- 0.82	OFIX
LIVN	- 0.81	OFIX
ZBH	- 0.77	IRTC
ZBH	- 0.62	LIVN
GKOS	- 0.59	OFIX
ZBH	- 0.36	GKOS

Risk-Adjusted Indicators

There is a big difference between Bruker Stock performing well and Bruker 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 Bruker'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
OFIX	1.78	(0.53)	0.00	(0.23)	0.00	0.00	3.87	(3.75)	14.80
NUVA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GKOS	1.88	(0.07)	(0.01)	0.08	3.08	(1.74)	3.67	(3.74)	14.57
HSKA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITGR	1.09	(0.17)	0.00	(0.09)	0.00	0.00	2.14	(2.13)	10.63
CNMD	1.99	(0.26)	0.00	(0.04)	0.00	0.00	3.82	(4.07)	20.87
LIVN	1.78	0.12	0.09	0.22	1.66	(2.12)	2.66	(2.79)	28.73
IRTC	1.53	0.31	0.15	0.41	1.56	(1.64)	3.18	(3.30)	25.95
ZBH	1.29	(0.24)	0.00	(0.13)	0.00	0.00	2.07	(2.22)	13.69
BIO	1.67	(0.20)	(0.05)	0.00	2.43	(1.67)	2.94	(3.59)	15.26

Bruker Corporate Management

Collin DSilva	Pres Division	Profile
Urban Faeh	Pres GmbH	Profile
Justin Ward	Senior Development	Profile
Stacey Desrochers	Treasurer Relations	Profile

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