La-Z-Boy Incorporated Correlations
| LAZ Stock | EUR 42.00 0.60 1.41% |
The current 90-days correlation between La-Z-Boy Incorporated and INTER CARS SA is -0.03 (i.e., Good diversification). The correlation of La-Z-Boy Incorporated 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.
La-Z-Boy Incorporated Correlation With Market
Very weak diversification
The correlation between La Z Boy Incorporated and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding La Z Boy Incorporated and DJI in the same portfolio, assuming nothing else is changed.
La-Z-Boy |
The ability to find closely correlated positions to La-Z-Boy Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace La-Z-Boy Incorporated 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 La-Z-Boy Incorporated - 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 La Z Boy Incorporated to buy it.
Moving together with La-Z-Boy Stock
| 0.81 | WHR | Whirlpool | PairCorr |
| 0.93 | TPD | Tempur Sealy Interna | PairCorr |
| 0.82 | TM2 | Sydbank AS | PairCorr |
| 0.84 | 92I | ROMERIKE SPAREBANK | PairCorr |
| 0.8 | BFP | BBVA Banco Frances | PairCorr |
| 0.7 | BAC | Verizon Communications | PairCorr |
Moving against La-Z-Boy Stock
| 0.63 | YHA | Yamaha Split | PairCorr |
| 0.61 | 2FB | Fortune Brands Home | PairCorr |
| 0.61 | 893 | MITSUBISHI KAKOKI | PairCorr |
| 0.52 | 10J | Howden Joinery Group | PairCorr |
| 0.47 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.36 | GKE | Hisense Home Appliances | PairCorr |
Related Correlations Analysis
| 0.19 | -0.19 | -0.46 | -0.08 | -0.16 | 63E | ||
| 0.19 | -0.54 | -0.59 | 0.35 | -0.28 | 7FZ | ||
| -0.19 | -0.54 | 0.72 | -0.34 | 0.51 | USX1 | ||
| -0.46 | -0.59 | 0.72 | 0.02 | 0.5 | 9ZY | ||
| -0.08 | 0.35 | -0.34 | 0.02 | -0.07 | NPSA | ||
| -0.16 | -0.28 | 0.51 | 0.5 | -0.07 | GRU | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between La-Z-Boy Stock performing well and La-Z-Boy Incorporated 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 La-Z-Boy Incorporated'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 63E | 2.08 | 0.09 | 0.00 | 2.65 | 3.15 | 7.37 | 19.19 | |||
| 7FZ | 1.48 | 0.03 | (0.02) | 0.21 | 1.59 | 3.36 | 7.92 | |||
| USX1 | 1.77 | (0.05) | (0.04) | 0.00 | 2.31 | 3.97 | 17.91 | |||
| 9ZY | 1.62 | (0.05) | 0.00 | 0.06 | 1.67 | 2.85 | 12.27 | |||
| NPSA | 0.92 | 0.03 | (0.03) | 0.19 | 0.90 | 2.34 | 6.98 | |||
| GRU | 3.08 | 0.95 | 0.22 | 7.69 | 2.89 | 8.00 | 19.24 |
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La-Z-Boy Incorporated Corporate Management
Elected by the shareholders, the La-Z-Boy Incorporated's board of directors comprises two types of representatives: La-Z-Boy Incorporated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of La-Z-Boy. The board's role is to monitor La-Z-Boy Incorporated's management team and ensure that shareholders' interests are well served. La-Z-Boy Incorporated'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, La-Z-Boy Incorporated's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Carol Lee | VP Officer | Profile | |
| Otis Sawyer | VP Brands | Profile | |
| Robert Lucian | VP CFO | Profile | |
| Terrence Linz | Pres Division | Profile | |
| Melinda Whittington | CEO Pres | Profile | |
| Jennifer McCurry | Co VP | Profile | |
| Kathy Liebmann | Director Communications | Profile |