Thor Industries Correlations

THO Stock

USD 96.27 2.09 2.22%

The current 90-days correlation between Thor Industries and Brunswick is 0.86 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thor Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thor Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Thor Industries Correlation With Market

Very weak diversification

The correlation between Thor Industries and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thor Industries and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Thor Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving together with Thor Stock

0.89	F	Ford Motor Earnings Call This Week	Pair Corr
0.85	GM	General Motors	Pair Corr
0.68	LI	Li Auto	Pair Corr
0.63	QS	Quantumscape Corp Downward Rally	Pair Corr
0.87	VC	Visteon Corp	Pair Corr
0.69	ZK	ZEEKR Intelligent	Pair Corr
0.79	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.83	FLYE	Fly E Group,	Pair Corr
0.96	ALV	Autoliv	Pair Corr
0.69	AXL	American Axle Manufa	Pair Corr
0.94	BWA	BorgWarner Earnings Call This Week	Pair Corr
0.91	FOXF	Fox Factory Holding	Pair Corr
0.64	CPS	Cooper Stnd Earnings Call This Week	Pair Corr
0.87	DAN	Dana Inc Earnings Call This Week	Pair Corr
0.82	ECX	ECARX Holdings Class	Pair Corr
0.77	MBLY	Mobileye Global Class Earnings Call This Week	Pair Corr
0.78	MPAA	Motorcar Parts	Pair Corr
0.73	NWTN	NWTN Class B	Pair Corr
0.93	H	Hyatt Hotels Earnings Call Tomorrow	Pair Corr
0.63	M	Macys Inc Earnings Call This Week	Pair Corr
0.97	W	Wayfair	Pair Corr
0.8	DIBS	1StdibsCom	Pair Corr
0.95	AN	AutoNation Earnings Call This Week	Pair Corr
0.89	AS	Amer Sports,	Pair Corr
0.99	BC	Brunswick Earnings Call Tomorrow	Pair Corr
0.92	BH	Biglari Holdings	Pair Corr
0.78	EM	Smart Share Global	Pair Corr
0.85	FL	Foot Locker Sell-off Trend	Pair Corr

Moving against Thor Stock

0.83	MULN	Mullen Automotive	Pair Corr
0.79	EVTV	Envirotech Vehicles	Pair Corr
0.66	ECDA	ECD Automotive Design	Pair Corr
0.6	TM	Toyota Motor Buyout Trend	Pair Corr
0.78	SG	Sweetgreen	Pair Corr
0.61	DNUT	Krispy Kreme Trending	Pair Corr
0.49	JD	JD Inc Adr Aggressive Push	Pair Corr

Related Correlations Analysis

	MPX	MBUU	BC	LCII	DOOO	EZGO	PII	MCFT	WGO
MPX		0.7	0.51	0.64	0.34	-0.03	0.59	0.69	0.26	MPX
MBUU	0.7		0.94	0.95	0.82	0.12	0.92	0.95	0.06	MBUU
BC	0.51	0.94		0.95	0.93	-0.03	0.96	0.93	-0.12	BC
LCII	0.64	0.95	0.95		0.85	0.03	0.96	0.94	-0.03	LCII
DOOO	0.34	0.82	0.93	0.85		-0.16	0.87	0.85	-0.33	DOOO
EZGO	-0.03	0.12	-0.03	0.03	-0.16		-0.06	-0.04	0.47	EZGO
PII	0.59	0.92	0.96	0.96	0.87	-0.06		0.93	-0.13	PII
MCFT	0.69	0.95	0.93	0.94	0.85	-0.04	0.93		-0.15	MCFT
WGO	0.26	0.06	-0.12	-0.03	-0.33	0.47	-0.13	-0.15		WGO
	MPX	MBUU	BC	LCII	DOOO	EZGO	PII	MCFT	WGO

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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

PII	+ 0.96	BC
PII	+ 0.96	LCII
LCII	+ 0.95	MBUU
MCFT	+ 0.95	MBUU
LCII	+ 0.95	BC
BC	+ 0.94	MBUU

High negative correlations

WGO	- 0.33	DOOO
EZGO	- 0.16	DOOO
WGO	- 0.15	MCFT
WGO	- 0.13	PII
WGO	- 0.12	BC
PII	- 0.06	EZGO

Risk-Adjusted Indicators

There is a big difference between Thor Stock performing well and Thor Industries 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 Thor Industries' 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
MPX	1.65	0.00	0.00	0.17	1.84	(1.72)	3.51	(3.25)	11.13
MBUU	2.13	0.20	0.15	0.27	2.03	(2.58)	4.52	(3.79)	16.97
BC	1.97	0.32	0.24	0.34	1.44	(2.49)	5.70	(2.96)	14.46
LCII	1.65	0.30	0.18	0.48	1.23	(1.92)	3.78	(2.59)	10.06
DOOO	1.87	0.45	0.27	0.55	1.31	(2.25)	4.48	(2.32)	16.13
EZGO	3.48	0.08	0.03	0.22	4.08	(5.83)	8.82	(6.06)	37.50
PII	2.26	0.52	0.32	0.50	1.39	(2.86)	6.94	(3.10)	14.12
MCFT	2.06	0.24	0.12	0.35	1.84	(2.31)	4.21	(3.18)	16.70
WGO	2.25	(0.10)	0.00	0.10	3.10	(2.30)	4.62	(5.52)	17.76

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