Leggett Platt Correlations

LEG Stock

USD 13.06 1.40 12.01%

The current 90-days correlation between Leggett Platt and Tempur Sealy International is 0.54 (i.e., Very weak diversification). The correlation of Leggett Platt 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.

Leggett Platt Correlation With Market

Weak diversification

The correlation between Leggett Platt Incorporated and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leggett Platt Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Leggett Stock

0.71	ETD	Ethan Allen Interiors	Pair Corr
0.61	HBB	Hamilton Beach Brands	Pair Corr
0.73	MHK	Mohawk Industries	Pair Corr
0.76	PATK	Patrick Industries	Pair Corr
0.64	COOK	Traeger	Pair Corr
0.73	CRWS	Crown Crafts	Pair Corr
0.82	W	Wayfair Buyout Trend	Pair Corr

Moving against Leggett Stock

0.45	FLXS	Flexsteel Industries	Pair Corr
0.45	NCL	Northann Corp	Pair Corr
0.41	EFOI	Energy Focu	Pair Corr
0.38	KEQU	Kewaunee Scientific	Pair Corr
0.51	GM	General Motors Aggressive Push	Pair Corr
0.43	BH	Biglari Holdings	Pair Corr
0.35	LB	LandBridge Company Downward Rally	Pair Corr

Related Correlations Analysis

	MHK	TPX	ETD	LOVE	LZB	FLXS	KBAL	CRWS	BSET	MBC
MHK		0.15	0.69	-0.49	0.12	-0.78	-0.19	0.76	-0.26	0.19	MHK
TPX	0.15		0.46	0.39	0.88	0.09	-0.05	-0.19	0.55	0.02	TPX
ETD	0.69	0.46		-0.25	0.51	-0.59	-0.22	0.58	-0.13	0.12	ETD
LOVE	-0.49	0.39	-0.25		0.44	0.82	0.22	-0.43	0.69	0.44	LOVE
LZB	0.12	0.88	0.51	0.44		0.09	0.03	-0.13	0.52	0.07	LZB
FLXS	-0.78	0.09	-0.59	0.82	0.09		0.22	-0.68	0.59	0.22	FLXS
KBAL	-0.19	-0.05	-0.22	0.22	0.03	0.22		-0.05	0.38	0.17	KBAL
CRWS	0.76	-0.19	0.58	-0.43	-0.13	-0.68	-0.05		-0.35	0.43	CRWS
BSET	-0.26	0.55	-0.13	0.69	0.52	0.59	0.38	-0.35		0.4	BSET
MBC	0.19	0.02	0.12	0.44	0.07	0.22	0.17	0.43	0.4		MBC
	MHK	TPX	ETD	LOVE	LZB	FLXS	KBAL	CRWS	BSET	MBC

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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

LZB	+ 0.88	TPX
FLXS	+ 0.82	LOVE
CRWS	+ 0.76	MHK
ETD	+ 0.69	MHK
BSET	+ 0.69	LOVE
BSET	+ 0.59	FLXS

High negative correlations

FLXS	- 0.78	MHK
CRWS	- 0.68	FLXS
FLXS	- 0.59	ETD
LOVE	- 0.49	MHK
CRWS	- 0.43	LOVE
BSET	- 0.35	CRWS

Risk-Adjusted Indicators

There is a big difference between Leggett Stock performing well and Leggett Platt 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 Leggett Platt'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
MHK	1.37	(0.28)	0.00	(0.08)	0.00	0.00	2.70	(2.56)	18.13
TPX	1.27	0.04	0.03	0.16	0.97	(1.77)	3.72	(1.69)	9.71
ETD	1.39	(0.10)	(0.05)	0.02	1.91	(1.42)	2.96	(3.43)	10.65
LOVE	2.74	0.60	0.25	0.49	2.16	(3.28)	7.08	(4.37)	26.74
LZB	1.33	0.07	0.03	0.19	1.58	(1.39)	3.19	(2.08)	9.21
FLXS	2.08	0.54	0.24	1.08	1.60	(2.49)	5.14	(3.40)	33.56
KBAL	2.54	1.30	1.24	(5.23)	0.00	(3.12)	1.08	(0.89)	87.83
CRWS	0.73	(0.07)	0.00	(0.21)	0.00	0.00	1.29	(1.94)	4.68
BSET	1.48	0.19	0.07	0.53	1.51	(1.76)	3.24	(2.70)	9.61
MBC	1.77	0.02	0.00	0.14	2.06	(1.85)	4.01	(3.18)	9.66

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