Floor Decor Correlations

1FD Stock

EUR 93.50 1.50 1.58%

The current 90-days correlation between Floor Decor Holdings and HORNBACH Baumarkt AG is -0.01 (i.e., Good 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

Modest diversification

The correlation between Floor Decor Holdings and DJI is 0.23 (i.e., Modest 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.

The ability to find closely correlated positions to Floor Decor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Floor Decor when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Floor Decor - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Floor Decor Holdings to buy it.

Moving together with Floor Stock

0.67	HDI	Home Depot	Pair Corr
0.66	HDI	Home Depot	Pair Corr

Moving against Floor Stock

0.47	UN9	UNIQA INSURANCE GR	Pair Corr
0.44	ESY	Easy Software AG	Pair Corr
0.37	AMI	amalphi ag	Pair Corr
0.33	M7U	M-U-T -	Pair Corr
0.47	NH5	NH HOTEL GROUP	Pair Corr
0.42	Z56	QINGCI GAMES INC	Pair Corr
0.36	C7T	CTT Correios	Pair Corr

Related Correlations Analysis

	HDI	HDI	1FD	LE3	HBM	0FD	4T7	4OL	929
HDI		0.93	0.67	-0.24	0.13	-0.45	0.42	0.0	-0.44	HDI
HDI	0.93		0.66	-0.16	0.11	-0.53	0.49	0.0	-0.54	HDI
1FD	0.67	0.66		0.11	-0.22	-0.05	0.11	0.0	0.02	1FD
LE3	-0.24	-0.16	0.11		-0.35	0.3	-0.32	0.0	0.44	LE3
HBM	0.13	0.11	-0.22	-0.35		-0.45	0.07	0.0	-0.45	HBM
0FD	-0.45	-0.53	-0.05	0.3	-0.45		-0.66	0.0	0.87	0FD
4T7	0.42	0.49	0.11	-0.32	0.07	-0.66		0.0	-0.69	4T7
4OL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	4OL
929	-0.44	-0.54	0.02	0.44	-0.45	0.87	-0.69	0.0		929
	HDI	HDI	1FD	LE3	HBM	0FD	4T7	4OL	929

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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

HDI	+ 0.93	HDI
929	+ 0.87	0FD
1FD	+ 0.67	HDI
1FD	+ 0.66	HDI
4T7	+ 0.49	HDI
929	+ 0.44	LE3

High negative correlations

929	- 0.69	4T7
4T7	- 0.66	0FD
929	- 0.54	HDI
0FD	- 0.53	HDI
929	- 0.45	HBM
0FD	- 0.45	HBM

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HDI	0.96	0.06	0.05	0.24	1.22	(1.06)	2.28	(2.08)	6.71
HDI	0.96	0.08	0.07	(1.98)	1.13	(1.02)	2.49	(1.44)	7.05
1FD	1.79	(0.11)	0.00	(0.17)	0.00	0.00	4.28	(2.94)	14.15
LE3	3.89	(0.14)	0.00	0.74	0.00	0.00	10.48	(8.40)	28.94
HBM	1.24	0.16	0.09	0.96	1.28	(1.58)	2.50	(2.42)	8.33
0FD	1.14	(0.16)	0.00	(0.49)	0.00	0.00	2.06	(2.25)	8.68
4T7	1.18	0.06	0.04	0.40	1.31	(1.63)	2.50	(2.36)	7.29
4OL	0.00	(0.10)	0.00	(0.33)	0.00	0.00	2.16	(2.97)	13.66
929	1.05	(0.27)	0.00	(17.26)	0.00	0.00	2.22	(2.27)	6.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in Floor Decor without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Floor Decor Corporate Management

Elected by the shareholders, the Floor Decor's board of directors comprises two types of representatives: Floor Decor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Floor. The board's role is to monitor Floor Decor's management team and ensure that shareholders' interests are well served. Floor Decor's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Floor Decor's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ersan Sayman	Ex Merchandising	Profile
Bryan Langley	Ex CFO	Profile
Matthew McConnell	Sr Relations	Profile
Steven Denny	Ex Operations	Profile

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