Natuzzi SpA Correlations

NTZ Stock

USD 2.92 0.13 4.26%

The current 90-days correlation between Natuzzi SpA and Crown Crafts is -0.07 (i.e., Good diversification). The correlation of Natuzzi SpA 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Natuzzi SpA Correlation With Market

Poor diversification

The correlation between Natuzzi SpA and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natuzzi SpA and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Natuzzi Stock

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

For more information on how to buy Natuzzi Stock please use our How to Invest in Natuzzi SpA guide.

Moving together with Natuzzi Stock

0.62	3GH	Kaufman Broad SA	Pair Corr
0.64	C38	Crest Nicholson Holdings	Pair Corr
0.71	ALMLB	Miliboo SA	Pair Corr
0.64	CRN	Cairn Homes PLC	Pair Corr
0.74	IIO	Iida Group Holdings	Pair Corr
0.72	TWW	Taylor Wimpey plc Earnings Call Today	Pair Corr
0.82	UE3	Vilniaus Baldai AB	Pair Corr
0.75	DII-A	Dorel Industries ClA Earnings Call This Week	Pair Corr
0.77	BLD	Topbuild Corp	Pair Corr
0.71	BZH	Beazer Homes USA	Pair Corr
0.72	CCS	Century Communities	Pair Corr
0.81	IBP	Installed Building	Pair Corr
0.65	LEG	Leggett Platt	Pair Corr
0.79	MHK	Mohawk Industries	Pair Corr
0.61	MHO	MI Homes	Pair Corr
0.67	MTH	Meritage	Pair Corr
0.69	PHM	PulteGroup	Pair Corr
0.69	DII-B	Dorel Industries Earnings Call This Week	Pair Corr

Moving against Natuzzi Stock

0.68	9P7	EMBELLENCE GROUP	Pair Corr
0.59	DXYN	Dixie Group	Pair Corr
0.31	NTBR	Northern Bear Plc	Pair Corr
0.79	5RO	ROCHE BOBOIS SA	Pair Corr
0.73	3JS	JS GL LIFESTYLE	Pair Corr
0.51	GAP	Gale Pacific	Pair Corr
0.44	LZB	La Z Boy	Pair Corr
0.35	9R1	AMICA SA ZY	Pair Corr
0.33	ULTP	Ultimate Products Plc	Pair Corr

Related Correlations Analysis

	CRWS	ORBS	NDLS	MKDW	REE	FAT	BGFV	ARKR	SOND	NTRP
CRWS		-0.84	-0.35	-0.88	-0.69	-0.73	0.17	-0.21	-0.7	-0.7	CRWS
ORBS	-0.84		0.46	0.89	0.74	0.92	-0.14	0.37	0.88	0.79	ORBS
NDLS	-0.35	0.46		0.57	0.6	0.39	0.21	-0.06	0.4	0.42	NDLS
MKDW	-0.88	0.89	0.57		0.9	0.73	-0.06	0.08	0.68	0.78	MKDW
REE	-0.69	0.74	0.6	0.9		0.62	-0.06	-0.13	0.58	0.67	REE
FAT	-0.73	0.92	0.39	0.73	0.62		-0.16	0.52	0.98	0.64	FAT
BGFV	0.17	-0.14	0.21	-0.06	-0.06	-0.16		-0.13	-0.12	-0.07	BGFV
ARKR	-0.21	0.37	-0.06	0.08	-0.13	0.52	-0.13		0.54	0.16	ARKR
SOND	-0.7	0.88	0.4	0.68	0.58	0.98	-0.12	0.54		0.6	SOND
NTRP	-0.7	0.79	0.42	0.78	0.67	0.64	-0.07	0.16	0.6		NTRP
	CRWS	ORBS	NDLS	MKDW	REE	FAT	BGFV	ARKR	SOND	NTRP

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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

SOND	+ 0.98	FAT
FAT	+ 0.92	ORBS
REE	+ 0.9	MKDW
MKDW	+ 0.89	ORBS
SOND	+ 0.88	ORBS
NTRP	+ 0.79	ORBS

High negative correlations

MKDW	- 0.88	CRWS
ORBS	- 0.84	CRWS
FAT	- 0.73	CRWS
NTRP	- 0.7	CRWS
SOND	- 0.7	CRWS
REE	- 0.69	CRWS

Risk-Adjusted Indicators

There is a big difference between Natuzzi Stock performing well and Natuzzi SpA 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 Natuzzi SpA'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
CRWS	1.09	0.15	0.08	0.38	1.41	(1.24)	2.53	(2.12)	7.34
ORBS	4.42	(1.09)	0.00	(0.49)	0.00	0.00	10.68	(9.66)	24.13
NDLS	4.41	0.30	0.06	0.22	5.20	(4.78)	14.67	(7.27)	33.11
MKDW	4.43	(1.05)	0.00	(5.74)	0.00	0.00	7.25	(9.30)	32.89
REE	3.44	(0.50)	0.00	(0.27)	0.00	0.00	7.55	(8.62)	20.18
FAT	7.09	(2.89)	0.00	1.63	0.00	0.00	12.00	(27.18)	59.40
BGFV	0.71	0.03	(0.01)	(0.07)	1.11	(0.97)	1.42	(0.70)	7.28
ARKR	1.74	(0.02)	(0.01)	0.01	2.77	(1.62)	3.62	(3.81)	10.58
SOND	66.40	26.11	0.85	(2.23)	24.50	(118.21)	67.74	(61.54)	2,000
NTRP	4.37	(0.12)	0.00	(0.01)	0.00	0.00	12.09	(11.69)	31.24

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