Floor Decor Correlations

Stocks . USA . 
Stock . Floor Decor Holdings
FND Stock  USD 122.77  1.78  1.47%   
The current 90-days correlation between Floor Decor Holdings and Arhaus Inc is 0.47 (i.e., Very weak 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 0.46 (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

  0.82HD Home DepotPairCorr
  0.85LB LandBridge CompanyPairCorr
  0.67RH RHPairCorr
  0.9VSCO Victorias SecretPairCorr
  0.92EBAY eBay IncPairCorr
  0.89AAN AaronsPairCorr
  0.85AKA AKA Brands HoldingPairCorr
  0.73ASO Academy Sports OutdoorsPairCorr
  0.88FNKO Funko IncPairCorr
  0.84BBW Build A BearPairCorr
  0.74BBY Best BuyPairCorr
  0.75BKE Buckle IncPairCorr

Moving against Floor Stock

  0.76DXLG Destination XL GroupPairCorr
  0.58ETSY Etsy IncPairCorr
  0.57M Macys IncPairCorr
  0.56JL J Long GroupPairCorr
  0.52YJ Yunji IncPairCorr
  0.79AAP Advance Auto PartsPairCorr
  0.7FLWS 1 800 FLOWERSCOMPairCorr
  0.61DDS DillardsPairCorr
  0.55BGI Birks GroupPairCorr
  0.47ANF Abercrombie FitchPairCorr
  0.36WRBY Warby ParkerPairCorr
  0.36ABG Asbury AutomotivePairCorr

Related Correlations Analysis

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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   
LIVE
+ 0.65
ARHS
LOW
+ 0.55
HVT
HVT-A
+ 0.52
ARHS
KIRK
+ 0.5
LOW
HVT-A
+ 0.34
LIVE
KIRK
+ 0.23
ARHS
  
High negative correlations   
LIVE
- 0.85
LOW
LIVE
- 0.6
HVT
LOW
- 0.57
ARHS
HVT-A
- 0.42
LOW
HVT
- 0.39
ARHS
LIVE
- 0.29
KIRK

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.

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