Interface Correlations

TILE Stock

USD 20.14 0.06 0.30%

The current 90-days correlation between Interface and Quanex Building Products is 0.63 (i.e., Poor diversification). The correlation of Interface 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.

Interface Correlation With Market

Poor diversification

The correlation between Interface and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interface and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Interface Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Interface. 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.

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

Moving together with Interface Stock

0.86	HNI	HNI Corp	Pair Corr
0.76	III	Information Services	Pair Corr
0.84	KFY	Korn Ferry	Pair Corr
0.68	CLVT	CLARIVATE PLC	Pair Corr
0.74	CSGS	CSG Systems International	Pair Corr
0.82	F	Ford Motor	Pair Corr
0.69	H	Hyatt Hotels	Pair Corr
0.74	W	Wayfair	Pair Corr
0.7	AN	AutoNation	Pair Corr
0.69	AS	Amer Sports,	Pair Corr
0.72	GM	General Motors	Pair Corr
0.78	MI	NFT Limited	Pair Corr
0.77	OI	O I Glass	Pair Corr

Moving against Interface Stock

0.54	VIRC	Virco Manufacturing	Pair Corr
0.34	SG	Sweetgreen Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NX	JBI	PGTI	APOG	ROCK	JELD	PPIH	DOOR	AZEK
NX		0.61	0.0	0.57	0.87	0.44	0.52	0.0	-0.37	NX
JBI	0.61		0.0	-0.17	0.84	-0.32	0.78	0.0	0.04	JBI
PGTI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PGTI
APOG	0.57	-0.17	0.0		0.29	0.81	-0.16	0.0	-0.67	APOG
ROCK	0.87	0.84	0.0	0.29		0.13	0.72	0.0	-0.29	ROCK
JELD	0.44	-0.32	0.0	0.81	0.13		-0.19	0.0	-0.63	JELD
PPIH	0.52	0.78	0.0	-0.16	0.72	-0.19		0.0	0.17	PPIH
DOOR	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	DOOR
AZEK	-0.37	0.04	0.0	-0.67	-0.29	-0.63	0.17	0.0		AZEK
	NX	JBI	PGTI	APOG	ROCK	JELD	PPIH	DOOR	AZEK

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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

ROCK	+ 0.87	NX
ROCK	+ 0.84	JBI
JELD	+ 0.81	APOG
PPIH	+ 0.78	JBI
PPIH	+ 0.72	ROCK
JBI	+ 0.61	NX

High negative correlations

AZEK	- 0.67	APOG
AZEK	- 0.63	JELD
AZEK	- 0.37	NX
JELD	- 0.32	JBI
AZEK	- 0.29	ROCK
PPIH	- 0.19	JELD

Risk-Adjusted Indicators

There is a big difference between Interface Stock performing well and Interface 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 Interface'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
NX	2.94	0.04	0.01	0.02	3.67	(3.38)	9.11	(4.92)	18.06
JBI	2.14	0.05	0.02	0.07	2.67	(2.41)	4.60	(4.83)	15.04
PGTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APOG	1.72	(0.25)	0.00	(0.33)	0.00	0.00	3.98	(3.25)	20.29
ROCK	1.98	(0.10)	0.00	(0.09)	0.00	0.00	4.48	(3.91)	14.93
JELD	3.15	(0.46)	0.00	(0.48)	0.00	0.00	6.61	(7.09)	31.27
PPIH	3.54	0.22	0.05	0.13	4.05	(4.56)	7.16	(6.60)	29.62
DOOR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AZEK	1.88	0.26	0.13	0.23	1.85	(2.47)	2.87	(3.33)	21.39

Interface Corporate Management

Bill Blackorby	VP Officer	Profile
Greg Minano	VP Officer	Profile
James Poppens	Pres Americas	Profile
Jake Elson	VP Officer	Profile

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