Sleep Number Correlations

SNBR Stock

USD 9.43 0.01 0.11%

The current 90-days correlation between Sleep Number Corp and Traeger is 0.18 (i.e., Average diversification). The correlation of Sleep Number 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.

Sleep Number Correlation With Market

Very poor diversification

The correlation between Sleep Number Corp and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sleep Number Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sleep Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sleep Number Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Sleep Stock

0.79	RH	RH	Pair Corr
0.88	HVT	Haverty Furniture Earnings Call Next Week	Pair Corr
0.81	WSM	Williams Sonoma	Pair Corr
0.63	WF	Woori Financial Group	Pair Corr
0.74	TBBB	BBB Foods	Pair Corr
0.63	CRGGF	China Resources Gas	Pair Corr
0.72	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.78	MDVT	Middlebury National Normal Trading	Pair Corr
0.9	CMI	Cummins	Pair Corr
0.64	HRZN	Horizon Technology	Pair Corr
0.83	WTTR	Select Energy Services Earnings Call Next Week	Pair Corr
0.88	CFR	CullenFrost Bankers	Pair Corr
0.76	DD	Dupont De Nemours	Pair Corr
0.85	CRESY	Cresud SACIF y	Pair Corr
0.77	IBOC	International Bancshares	Pair Corr
0.88	AQNB	Algonquin Power Utilities	Pair Corr
0.74	RILYP	B Riley Financial	Pair Corr
0.69	SPG	Simon Property Group	Pair Corr

Moving against Sleep Stock

0.84	HTLM	HomesToLife	Pair Corr
0.83	PBCRY	Bank Central Asia	Pair Corr
0.69	DNLM	Dunelm Group PLC	Pair Corr
0.67	MDM	Maisons du Monde	Pair Corr
0.63	PBCRF	PT Bank Central	Pair Corr
0.32	ADH	Adairs Earnings Call This Week	Pair Corr
0.8	ASHI	Vapor Hub International	Pair Corr

Related Correlations Analysis

	COOK	VIRC	KEQU	BSET	HOFT	PRPL	FOSL	IRBT	VRM	PLBY
COOK		-0.34	-0.05	0.58	0.21	0.03	0.46	-0.11	0.28	-0.29	COOK
VIRC	-0.34		0.2	-0.48	-0.46	0.29	-0.39	0.63	0.27	-0.13	VIRC
KEQU	-0.05	0.2		-0.49	0.27	-0.25	-0.36	0.09	-0.07	-0.19	KEQU
BSET	0.58	-0.48	-0.49		0.09	0.26	0.71	-0.28	0.29	0.24	BSET
HOFT	0.21	-0.46	0.27	0.09		-0.46	0.44	-0.51	-0.61	0.11	HOFT
PRPL	0.03	0.29	-0.25	0.26	-0.46		0.2	0.35	0.53	0.39	PRPL
FOSL	0.46	-0.39	-0.36	0.71	0.44	0.2		-0.34	-0.01	0.5	FOSL
IRBT	-0.11	0.63	0.09	-0.28	-0.51	0.35	-0.34		0.54	-0.27	IRBT
VRM	0.28	0.27	-0.07	0.29	-0.61	0.53	-0.01	0.54		-0.07	VRM
PLBY	-0.29	-0.13	-0.19	0.24	0.11	0.39	0.5	-0.27	-0.07		PLBY
	COOK	VIRC	KEQU	BSET	HOFT	PRPL	FOSL	IRBT	VRM	PLBY

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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

FOSL	+ 0.71	BSET
IRBT	+ 0.63	VIRC
BSET	+ 0.58	COOK
VRM	+ 0.54	IRBT
VRM	+ 0.53	PRPL
PLBY	+ 0.5	FOSL

High negative correlations

VRM	- 0.61	HOFT
IRBT	- 0.51	HOFT
BSET	- 0.49	KEQU
BSET	- 0.48	VIRC
PRPL	- 0.46	HOFT
HOFT	- 0.46	VIRC

Risk-Adjusted Indicators

There is a big difference between Sleep Stock performing well and Sleep Number 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 Sleep Number'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
COOK	4.58	0.04	0.02	0.08	5.07	(5.98)	10.39	(9.80)	40.15
VIRC	1.78	(0.22)	0.00	(0.14)	0.00	0.00	4.25	(3.75)	11.88
KEQU	1.46	(0.10)	0.00	(0.19)	0.00	0.00	3.15	(2.95)	10.57
BSET	1.51	0.12	0.06	0.28	1.53	(1.83)	3.63	(2.86)	9.60
HOFT	2.22	0.78	0.22	(1.19)	2.38	(2.51)	6.12	(3.41)	16.13
PRPL	2.64	(0.16)	0.00	(0.09)	0.00	0.00	6.25	(5.06)	16.94
FOSL	4.39	0.98	0.23	0.51	4.24	(5.51)	9.65	(9.05)	26.80
IRBT	11.51	(1.99)	0.00	0.71	0.00	0.00	21.78	(33.87)	146.53
VRM	4.83	(0.34)	0.00	(0.10)	0.00	0.00	12.67	(7.63)	23.54
PLBY	4.65	0.81	0.13	1.76	4.94	(5.60)	16.98	(9.18)	48.09

Sleep Number Corporate Executives

Elected by the shareholders, the Sleep Number's board of directors comprises two types of representatives: Sleep Number inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sleep. The board's role is to monitor Sleep Number's management team and ensure that shareholders' interests are well served. Sleep Number'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, Sleep Number's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Francis Lee	Executive CFO	Profile
	Amy OKeefe	Executive CFO	Profile

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