La Z Correlations

Stocks . USA . 
Stock . La Z Boy Incorporated
LZB Stock  USD 48.02  1.48  3.18%   
The current 90-days correlation between La Z Boy and MasterBrand is 0.12 (i.e., Average diversification). The correlation of La Z 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 Correlation With Market

Average diversification

The correlation between La Z Boy Incorporated and DJI is 0.12 (i.e., Average 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in La Z Boy 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 nation.

Moving together with LZB Stock

  0.65NTZ Natuzzi SpAPairCorr
  0.91TPX Tempur Sealy Interna Earnings Call This WeekPairCorr
  0.7WHR WhirlpoolPairCorr
  0.68BH Biglari HoldingsPairCorr
  0.77EEIQ Elite Education GroupPairCorr
  0.82BYD Boyd Gaming Earnings Call This WeekPairCorr
  0.64FOSL Fossil GroupPairCorr

Moving against LZB Stock

  0.84OESX Orion Energy Systems Earnings Call This WeekPairCorr
  0.68LI Li AutoPairCorr
  0.61IH Ihuman IncPairCorr
  0.55ATER AterianPairCorr
  0.39BC BrunswickPairCorr
  0.32COOK TraegerPairCorr
  0.75FOXF Fox Factory HoldingPairCorr
  0.57FLYE Fly E Group,PairCorr
  0.56BBY Best BuyPairCorr
  0.47VEEE Twin Vee PowercatsPairCorr
  0.44BDL Flanigans EnterprisesPairCorr
  0.32VSTA Vasta PlatformPairCorr

Related Correlations Analysis

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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   
MBC
+ 0.7
HBB
BSET
+ 0.5
FLXS
MBC
+ 0.45
BSET
HBB
+ 0.4
CRWS
HBB
+ 0.31
FLXS
MBC
+ 0.24
FLXS
  
High negative correlations   
CRWS
- 0.54
KBAL
HBB
- 0.53
KBAL
BSET
- 0.36
CRWS
MBC
- 0.29
KBAL
KBAL
- 0.09
FLXS
CRWS
- 0.01
FLXS

Risk-Adjusted Indicators

There is a big difference between LZB Stock performing well and La Z 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'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.

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