Floor Decor Correlations

Stocks . USA . 
Stock . Floor Decor Holdings
FND Stock  USD 82.07  2.19  2.74%   
The current 90-days correlation between Floor Decor Holdings and Arhaus Inc is 0.15 (i.e., Average diversification). The correlation of Floor Decor 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.

Floor Decor Correlation With Market

Very weak diversification

The correlation between Floor Decor Holdings and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Floor Decor Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Floor Decor Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Floor Stock

  0.62M Macys IncPairCorr
  0.88W WayfairPairCorr
  0.77DIBS 1StdibsComPairCorr
  0.71AN AutoNationPairCorr
  0.75BQ Boqii Holding LimitedPairCorr
  0.8FL Foot LockerPairCorr
  0.88HD Home DepotPairCorr
  0.78LE Lands EndPairCorr
  0.9RH RH Earnings Call TodayPairCorr
  0.89DLTH Duluth HoldingsPairCorr
  0.93DXLG Destination XL GroupPairCorr
  0.84VSCO Victorias SecretPairCorr
  0.83EDUC Educational DevelopmentPairCorr
  0.89WEYS Weyco GroupPairCorr
  0.86ETSY Etsy IncPairCorr
  0.83WINA WinmarkPairCorr
  0.68WOOF Pet Acquisition LLC TrendingPairCorr
  0.85WRBY Warby Parker Sell-off TrendPairCorr
  0.79FIVE Five BelowPairCorr
  0.89FLWS 1 800 FLOWERSCOMPairCorr
  0.76AAP Advance Auto PartsPairCorr
  0.61ABG Asbury AutomotivePairCorr
  0.85AEO American Eagle OutfittersPairCorr
  0.71AKA AKA Brands HoldingPairCorr
  0.72ANF Abercrombie FitchPairCorr
  0.74ASO Academy Sports OutdoorsPairCorr
  0.87FNKO Funko IncPairCorr
  0.82BBY Best BuyPairCorr
  0.66BGI Birks GroupPairCorr
  0.78BKE Buckle IncPairCorr

Moving against Floor Stock

  0.64VIPS Vipshop Holdings Sell-off TrendPairCorr
  0.46JD JD Inc AdrPairCorr
  0.43YJ Yunji IncPairCorr
  0.78AZO AutoZonePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
HD
+ 0.98
LOW
KIRK
+ 0.87
LIVE
LOW
+ 0.85
LIVE
HD
+ 0.85
LIVE
TTSH
+ 0.81
ARHS
HD
+ 0.8
ARHS
  
High negative correlations   
HVT-A
- 0.11
ARHS
TTSH
- 0.08
HVT-A
HD
- 0.0
LL
LOW
- 0.0
LL
TTSH
- 0.0
LL
KIRK
- 0.0
LL

Risk-Adjusted Indicators

There is a big difference between Floor Stock performing well and Floor Decor 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 Floor Decor'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY