Bassett Furniture Correlations

Stocks . USA . 
Stock . Bassett Furniture Industries
BSET Stock  USD 15.39  0.20  1.32%   
The current 90-days correlation between Bassett Furniture and Hooker Furniture is 0.11 (i.e., Average diversification). The correlation of Bassett Furniture 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.

Bassett Furniture Correlation With Market

Significant diversification

The correlation between Bassett Furniture Industries and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bassett Furniture Industries and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Bassett Stock

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  0.82HBB Hamilton Beach BrandsPairCorr

Moving against Bassett Stock

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  0.84LOVE LovesacPairCorr
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  0.74LEG Leggett PlattPairCorr
  0.72WHR WhirlpoolPairCorr
  0.69KEQU Kewaunee ScientificPairCorr
  0.68HOFT Hooker FurniturePairCorr
  0.65LCUT Lifetime BrandsPairCorr
  0.63MBC MasterBrandPairCorr
  0.61IRBT iRobotPairCorr
  0.59MHK Mohawk IndustriesPairCorr
  0.53LZB La Z BoyPairCorr
  0.51SN SharkNinja,PairCorr
  0.93CRWS Crown CraftsPairCorr
  0.89AMWD American WoodmarkPairCorr
  0.88H Hyatt HotelsPairCorr
  0.81BC BrunswickPairCorr
  0.76W WayfairPairCorr
  0.75COOK TraegerPairCorr
  0.64M Macys IncPairCorr
  0.64BQ Boqii Holding LimitedPairCorr
  0.46PRPL Purple InnovationPairCorr
  0.4BH Biglari HoldingsPairCorr
  0.36AS Amer Sports,PairCorr
  0.35DIBS 1StdibsComPairCorr
  0.32NVFY Nova Lifestyle IPairCorr
  0.32ATER AterianPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bassett Stock performing well and Bassett Furniture 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 Bassett Furniture'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.

Bassett Furniture Corporate Management

Mark JordanSr. VP of UpholsteryProfile
Bruce CohenourSr. VP of Sales and MerchandisingProfile
Jay EsqSecretary VPProfile
Brian ClaspellSenior OfficerProfile
Edward WhiteVice ResourcesProfile
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