Natuzzi SpA Correlations

NTZ Stock

USD 4.33 0.02 0.46%

The current 90-days correlation between Natuzzi SpA and Bassett Furniture Industries is -0.14 (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

Good diversification

The correlation between Natuzzi SpA and DJI is -0.07 (i.e., Good 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.

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 estimate.

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

Moving against Natuzzi Stock

0.43	F	Ford Motor Aggressive Push	Pair Corr
0.38	GM	General Motors Aggressive Push	Pair Corr

Related Correlations Analysis

	BSET	KBAL	HOFT	FLXS	ETD	LZB	MHK	AMWD
BSET		0.43	0.82	0.56	-0.18	0.47	-0.21	0.38	BSET
KBAL	0.43		0.36	0.23	-0.1	0.13	-0.06	-0.03	KBAL
HOFT	0.82	0.36		0.49	0.02	0.69	-0.1	0.44	HOFT
FLXS	0.56	0.23	0.49		-0.64	0.01	-0.77	0.51	FLXS
ETD	-0.18	-0.1	0.02	-0.64		0.49	0.71	-0.04	ETD
LZB	0.47	0.13	0.69	0.01	0.49		0.2	0.29	LZB
MHK	-0.21	-0.06	-0.1	-0.77	0.71	0.2		-0.13	MHK
AMWD	0.38	-0.03	0.44	0.51	-0.04	0.29	-0.13		AMWD
	BSET	KBAL	HOFT	FLXS	ETD	LZB	MHK	AMWD

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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

HOFT	+ 0.82	BSET
MHK	+ 0.71	ETD
LZB	+ 0.69	HOFT
FLXS	+ 0.56	BSET
AMWD	+ 0.51	FLXS
FLXS	+ 0.49	HOFT

High negative correlations

MHK	- 0.77	FLXS
ETD	- 0.64	FLXS
MHK	- 0.21	BSET
ETD	- 0.18	BSET
AMWD	- 0.13	MHK
MHK	- 0.1	HOFT

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
BSET	1.44	0.15	0.05	0.45	1.53	(1.73)	3.24	(2.70)	9.61
KBAL	2.54	1.04	1.26	0.55	0.00	(3.12)	1.08	(0.89)	87.83
HOFT	2.37	0.20	0.11	0.20	2.44	(2.51)	6.16	(3.65)	11.82
FLXS	2.07	0.56	0.25	1.03	1.57	(2.44)	5.14	(3.40)	33.56
ETD	1.46	(0.20)	0.00	(0.07)	0.00	0.00	2.96	(3.97)	10.65
LZB	1.35	0.03	0.01	0.13	1.62	(1.40)	3.19	(2.19)	9.51
MHK	1.37	(0.26)	0.00	(0.08)	0.00	0.00	2.70	(2.56)	19.07
AMWD	1.81	0.03	(0.02)	0.80	2.73	(1.85)	3.71	(3.80)	15.43

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