Sleep Number Correlations

SNBR Stock  USD 12.90  1.23  10.54%   
The current 90-days correlation between Sleep Number Corp and Hamilton Beach Brands 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

Modest diversification

The correlation between Sleep Number Corp and DJI is 0.21 (i.e., Modest 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.
  
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

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Moving against Sleep Stock

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Related Correlations Analysis

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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 LeeExecutive CFOProfile