Interface Correlations

TILE Stock

USD 17.79 0.34 1.88%

The current 90-days correlation between Interface and Quanex Building Products is 0.34 (i.e., Weak diversification). The correlation of Interface 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.

Interface Correlation With Market

Very weak diversification

The correlation between Interface and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interface 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 Interface. 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 economic analysis.

For information on how to trade Interface Stock refer to our How to Trade Interface Stock guide.

Moving together with Interface Stock

0.97	BV	BrightView Holdings	Pair Corr
0.86	FA	First Advantage Corp	Pair Corr
0.75	FC	Franklin Covey	Pair Corr
0.92	DLHC	DLH Holdings Corp	Pair Corr
0.76	VCIG	VCI Global Limited	Pair Corr
0.68	VLTO	Veralto	Pair Corr
0.8	WFCF	Where Food Comes	Pair Corr
0.89	EXPO	Exponent	Pair Corr
0.78	AWX	Avalon Holdings	Pair Corr
0.91	AXR	AMREP	Pair Corr
0.76	BCO	Brinks Company	Pair Corr
0.79	BRC	Brady	Pair Corr
0.79	BTM	Bitcoin Depot	Pair Corr
0.81	CBZ	CBIZ Inc	Pair Corr
0.84	CIX	CompX International	Pair Corr
0.92	FORR	Forrester Research	Pair Corr
0.93	CLH	Clean Harbors	Pair Corr
0.87	FOUR	Shift4 Payments	Pair Corr
0.94	DLX	Deluxe	Pair Corr
0.93	DNB	Dun Bradstreet Holdings	Pair Corr

Moving against Interface Stock

0.76	ESGL	ESGL Holdings Limited	Pair Corr
0.67	VSEC	VSE Corporation	Pair Corr
0.65	WM	Waste Management	Pair Corr
0.58	ACU	Acme United	Pair Corr
0.56	KC	Kingsoft Cloud Holdings	Pair Corr
0.5	VRSK	Verisk Analytics	Pair Corr
0.35	G	Genpact Limited	Pair Corr
0.35	LZ	LegalZoom	Pair Corr
0.34	DRVN	Driven Brands Holdings	Pair Corr
0.58	GFL	Gfl Environmental	Pair Corr
0.48	GDS	GDS Holdings	Pair Corr

Related Correlations Analysis

	NX	JBI	PGTI	APOG	ROCK	JELD	PPIH	DOOR	AZEK
NX		0.06	0.0	0.74	0.07	0.81	0.76	0.0	0.48	NX
JBI	0.06		0.0	-0.17	0.63	0.06	0.39	0.0	-0.02	JBI
PGTI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PGTI
APOG	0.74	-0.17	0.0		-0.11	0.56	0.47	0.0	0.32	APOG
ROCK	0.07	0.63	0.0	-0.11		-0.24	0.25	0.0	-0.29	ROCK
JELD	0.81	0.06	0.0	0.56	-0.24		0.76	0.0	0.68	JELD
PPIH	0.76	0.39	0.0	0.47	0.25	0.76		0.0	0.55	PPIH
DOOR	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	DOOR
AZEK	0.48	-0.02	0.0	0.32	-0.29	0.68	0.55	0.0		AZEK
	NX	JBI	PGTI	APOG	ROCK	JELD	PPIH	DOOR	AZEK

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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

JELD	+ 0.81	NX
PPIH	+ 0.76	NX
PPIH	+ 0.76	JELD
APOG	+ 0.74	NX
AZEK	+ 0.68	JELD
ROCK	+ 0.63	JBI

High negative correlations

AZEK	- 0.29	ROCK
JELD	- 0.24	ROCK
APOG	- 0.17	JBI
ROCK	- 0.11	APOG
AZEK	- 0.02	JBI
AZEK	- 0.0	DOOR

Risk-Adjusted Indicators

There is a big difference between Interface Stock performing well and Interface 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 Interface'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
NX	2.44	(0.35)	(0.59)	4.08	(4.78)	19.47
JBI	2.31	0.03	(0.12)	5.26	(5.38)	20.60
PGTI	0.00	0.00	0.00	0.00	0.00	0.00
APOG	1.84	(0.54)	(0.82)	3.38	(3.74)	19.92
ROCK	1.79	0.04	(0.15)	3.40	(4.25)	21.19
JELD	2.99	(0.46)	(1.90)	4.71	(6.14)	33.01
PPIH	2.25	(0.40)	(1.76)	5.13	(5.16)	17.43
DOOR	0.00	0.00	0.00	0.00	0.00	0.00
AZEK	2.01	0.19	(0.06)	4.06	(3.96)	21.39

Interface Corporate Management

Bill Blackorby	VP Officer	Profile
Greg Minano	VP Officer	Profile
James Poppens	Pres Americas	Profile
Jake Elson	VP Officer	Profile

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