MasterBrand Correlations

MBC Stock

10.36 0.21 2.07%

The current 90-days correlation between MasterBrand and SmarTone Telecommunications Holdings is -0.11 (i.e., Good diversification). The correlation of MasterBrand 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.

MasterBrand Correlation With Market

Modest diversification

The correlation between MasterBrand and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MasterBrand and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MasterBrand Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MasterBrand. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For information on how to trade MasterBrand Stock refer to our How to Trade MasterBrand Stock guide.

Moving together with MasterBrand Stock

0.7	PPERF	Bank Mandiri Persero	Pair Corr
0.76	HD	Home Depot	Pair Corr
0.71	BA	Boeing	Pair Corr

Moving against MasterBrand Stock

0.85	EC	Ecopetrol SA ADR	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.75	TLK	Telkom Indonesia Tbk	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr
0.66	PTAIY	Astra International Tbk	Pair Corr
0.6	JNJ	Johnson Johnson	Pair Corr
0.57	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.53	BKRKF	PT Bank Rakyat	Pair Corr
0.48	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.4	IBM	International Business	Pair Corr
0.37	AA	Alcoa Corp	Pair Corr
0.36	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	CMTL	MNST	STTFF	BBDA	HKBV	WDKA	FITSF	SNGNF
CMTL		0.81	0.41	0.0	0.0	0.0	0.0	0.03	CMTL
MNST	0.81		0.58	0.0	0.0	0.0	0.0	0.22	MNST
STTFF	0.41	0.58		0.0	0.0	0.0	0.0	0.71	STTFF
BBDA	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BBDA
HKBV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HKBV
WDKA	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WDKA
FITSF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FITSF
SNGNF	0.03	0.22	0.71	0.0	0.0	0.0	0.0		SNGNF
	CMTL	MNST	STTFF	BBDA	HKBV	WDKA	FITSF	SNGNF

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

MNST	+ 0.81	CMTL
SNGNF	+ 0.71	STTFF
STTFF	+ 0.58	MNST
STTFF	+ 0.41	CMTL
SNGNF	+ 0.22	MNST
SNGNF	+ 0.03	CMTL

High negative correlations

SNGNF	- 0.0	FITSF
SNGNF	- 0.0	WDKA
FITSF	- 0.0	WDKA
SNGNF	- 0.0	HKBV
FITSF	- 0.0	HKBV
WDKA	- 0.0	HKBV

Risk-Adjusted Indicators

There is a big difference between MasterBrand Stock performing well and MasterBrand 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 MasterBrand'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
CMTL	3.31	0.72	0.17	0.57	3.68	(3.84)	7.04	(6.39)	23.38
MNST	1.01	0.24	0.14	(1.18)	1.23	(1.08)	2.48	(2.30)	7.15
STTFF	0.13	0.05	0.00	0.49	0.00	0.00	0.00	0.00	4.17
BBDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HKBV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WDKA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FITSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNGNF	1.49	0.15	0.02	(0.31)	2.40	(2.79)	4.58	(6.41)	19.72

MasterBrand Corporate Management

Andrean Esq	Chief VP	Profile
Bruce Kendrick	Executive Officer	Profile
Martin Doren	Executive Sales	Profile
Navi Grewal	Executive Officer	Profile

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