Tempur Sealy Correlations

Stocks . Germany . 
Stock . Tempur Sealy International
TPD Stock  EUR 57.00  1.50  2.70%   
The current 90-days correlation between Tempur Sealy Interna and Fortune Brands Home is -0.09 (i.e., Good diversification). The correlation of Tempur Sealy 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.

Tempur Sealy Correlation With Market

Good diversification

The correlation between Tempur Sealy International and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tempur Sealy International and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tempur Sealy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tempur Sealy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tempur Sealy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tempur Sealy International to buy it.

Moving together with Tempur Stock

  0.89WHR WhirlpoolPairCorr
  0.95LAZ La Z BoyPairCorr
  0.885EE MEBUKI FINANCIALPairCorr
  0.84FK Fukuoka FinancialPairCorr
  0.8H4L1 JSC Halyk bankPairCorr
  0.91AII Albany International CorpPairCorr
  0.85NU42 Ribbon CommunicationsPairCorr
  0.84CAI CDN IMPERIAL BANKPairCorr
  0.91SI3 SEI INVESTMENTSPairCorr
  0.74ALS Allstate CorpPairCorr
  0.74BRYN Berkshire HathawayPairCorr
  0.86AW8 Air Transport ServicesPairCorr
  0.920VF Virtu Financial Earnings Call This WeekPairCorr
  0.83UOF Urban OutfittersPairCorr
  0.68AIR Airbus SEPairCorr
  0.76VRS VERISIGNPairCorr
  0.76HKT HK Electric InvestmentsPairCorr
  0.72DSG DICKS Sporting GoodsPairCorr
  0.8131F MEDICAL FACILITIES NEWPairCorr

Moving against Tempur Stock

  0.87PKX POSCO Holdings Earnings Call This WeekPairCorr
  0.762FB Fortune Brands HomePairCorr
  0.7610J Howden Joinery GroupPairCorr
  0.72LGLG LG ElectronicsPairCorr
  0.69SSU Samsung ElectronicsPairCorr
  0.49LP1 Leggett PlattPairCorr
  0.47AHQ American WoodmarkPairCorr

Related Correlations Analysis

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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   
LAZ
+ 0.95
TPD
TPD
+ 0.89
WHR
10J
+ 0.88
2FB
LAZ
+ 0.87
WHR
LP1
+ 0.84
2FB
LP1
+ 0.77
10J
  
High negative correlations   
10J
- 0.77
WHR
10J
- 0.76
TPD
TPD
- 0.76
2FB
WHR
- 0.69
2FB
LAZ
- 0.68
2FB
LAZ
- 0.66
10J

Risk-Adjusted Indicators

There is a big difference between Tempur Stock performing well and Tempur Sealy 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 Tempur Sealy'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tempur Sealy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Tempur Sealy Corporate Management

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