Flexsteel Industries Correlations

Flexsteel Industries Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.

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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    BSET + 0.82 HOFT FBIZ + 0.72 HOFT WLFC + 0.61 BSET FBIZ + 0.58 BSET FBIZ + 0.58 WLFC WLFC + 0.56 HOFT

High negative correlations    RCKY - 0.74 WLFC FBIZ - 0.67 RCKY RCKY - 0.57 BSET RCKY - 0.45 HOFT

Risk-Adjusted Indicators

There is a big difference between Flexsteel Stock performing well and Flexsteel Industries 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 Flexsteel Industries' 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.