Acushnet Holdings Correlations

GOLF Stock

USD 84.40 1.90 2.30%

The current 90-days correlation between Acushnet Holdings Corp and Callaway Golf is 0.58 (i.e., Very weak diversification). The correlation of Acushnet Holdings 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.

Acushnet Holdings Correlation With Market

Poor diversification

The correlation between Acushnet Holdings Corp and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acushnet Holdings Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Acushnet Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Acushnet Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Acushnet Stock

0.8	AS	Amer Sports,	Pair Corr
0.94	BC	Brunswick Earnings Call Tomorrow	Pair Corr
0.85	RL	Ralph Lauren Corp	Pair Corr
0.81	UA	Under Armour C	Pair Corr
0.83	DOOO	BRP Inc	Pair Corr
0.91	BZH	Beazer Homes USA Earnings Call Next Week	Pair Corr
0.63	FORD	Forward Industries	Pair Corr
0.82	FOSL	Fossil Group	Pair Corr
0.77	DFH	Dream Finders Homes Earnings Call Next Week	Pair Corr
0.68	DHI	DR Horton	Pair Corr
0.78	TPH	TRI Pointe Homes	Pair Corr
0.83	UAA	Under Armour A Aggressive Push	Pair Corr
0.76	GPRO	GoPro Inc Buyout Trend	Pair Corr
0.93	MBUU	Malibu Boats	Pair Corr
0.93	MCFT	MCBC Holdings	Pair Corr
0.83	MODG	Callaway Golf	Pair Corr
0.89	PLBY	Plby Group	Pair Corr
0.81	SONO	Sonos Inc	Pair Corr
0.84	BIRD	Allbirds	Pair Corr
0.9	F	Ford Motor Earnings Call This Week	Pair Corr
0.95	H	Hyatt Hotels Earnings Call Tomorrow	Pair Corr
0.68	M	Macys Inc Earnings Call This Week	Pair Corr
0.92	W	Wayfair	Pair Corr
0.7	DIBS	1StdibsCom	Pair Corr
0.91	AN	AutoNation Earnings Call This Week	Pair Corr
0.91	BH	Biglari Holdings	Pair Corr

Moving against Acushnet Stock

0.59	CRI	Carters Earnings Call Tomorrow	Pair Corr
0.57	ESCA	Escalade Incorporated	Pair Corr
0.56	NWTG	Newton Golf Symbol Change	Pair Corr
0.46	VNCE	Vince Holding Corp	Pair Corr
0.39	LULU	Lululemon Athletica	Pair Corr
0.69	SG	Sweetgreen	Pair Corr
0.56	TM	Toyota Motor Buyout Trend	Pair Corr
0.47	JD	JD Inc Adr Aggressive Push	Pair Corr

Related Correlations Analysis

	MODG	PRKS	LUCK	JOUT	YETI	LCII	IBP	GMS	FOXF
MODG		0.39	0.78	0.83	0.66	0.78	0.83	0.86	0.57	MODG
PRKS	0.39		0.45	0.39	0.54	0.54	0.46	0.56	0.32	PRKS
LUCK	0.78	0.45		0.58	0.58	0.59	0.76	0.73	0.38	LUCK
JOUT	0.83	0.39	0.58		0.8	0.95	0.7	0.79	0.89	JOUT
YETI	0.66	0.54	0.58	0.8		0.85	0.61	0.72	0.75	YETI
LCII	0.78	0.54	0.59	0.95	0.85		0.73	0.82	0.9	LCII
IBP	0.83	0.46	0.76	0.7	0.61	0.73		0.92	0.58	IBP
GMS	0.86	0.56	0.73	0.79	0.72	0.82	0.92		0.62	GMS
FOXF	0.57	0.32	0.38	0.89	0.75	0.9	0.58	0.62		FOXF
	MODG	PRKS	LUCK	JOUT	YETI	LCII	IBP	GMS	FOXF

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Risk-Adjusted Indicators

There is a big difference between Acushnet Stock performing well and Acushnet Holdings 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 Acushnet Holdings' 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
MODG	2.86	0.48	0.13	0.45	4.01	(3.11)	7.63	(5.99)	24.72
PRKS	1.68	0.04	0.05	0.20	1.95	(1.91)	3.80	(3.65)	11.04
LUCK	2.29	0.36	0.09	0.65	2.91	(2.50)	6.08	(3.69)	17.10
JOUT	2.10	0.41	0.25	0.45	1.56	(2.53)	4.79	(2.95)	10.85
YETI	2.11	0.22	0.17	0.28	1.91	(2.50)	4.47	(3.90)	17.72
LCII	1.65	0.30	0.18	0.48	1.23	(1.92)	3.78	(2.59)	10.06
IBP	2.04	0.23	0.02	(3.81)	2.50	(2.15)	4.16	(4.46)	12.03
GMS	1.99	0.67	0.34	3.38	0.90	(2.39)	4.56	(2.61)	25.00
FOXF	2.13	0.44	0.13	1.61	2.06	(2.42)	5.07	(4.23)	16.27

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