Flexsteel Industries Correlations

Stocks . USA . 
Stock . Flexsteel Industries
FLXS Stock  USD 59.17  0.76  1.27%   
The current 90-days correlation between Flexsteel Industries and Hooker Furniture is 0.25 (i.e., Modest diversification). The correlation of Flexsteel Industries 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.

Flexsteel Industries Correlation With Market

Average diversification

The correlation between Flexsteel Industries and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flexsteel Industries and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel 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 interest.
For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.

Moving together with Flexsteel Stock

  0.61FGI FGI IndustriesPairCorr
  0.69NCL Northann CorpPairCorr
  0.68WHR WhirlpoolPairCorr
  0.82LOVE Lovesac Earnings Call This WeekPairCorr
  0.71AS Amer Sports,PairCorr

Moving against Flexsteel Stock

  0.78MHK Mohawk IndustriesPairCorr
  0.74LCUT Lifetime BrandsPairCorr
  0.63HBB Hamilton Beach BrandsPairCorr
  0.56ETD Ethan Allen InteriorsPairCorr
  0.45LEG Leggett PlattPairCorr
  0.87DIBS 1StdibsComPairCorr
  0.82NVFY Nova Lifestyle IPairCorr
  0.73COOK TraegerPairCorr
  0.68CRWS Crown CraftsPairCorr
  0.66PRPL Purple InnovationPairCorr
  0.64ATER AterianPairCorr
  0.54W WayfairPairCorr
  0.33PATK Patrick IndustriesPairCorr
  0.33AN AutoNationPairCorr

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   
BSET
+ 0.81
HOFT
FBIZ
+ 0.74
HOFT
FBIZ
+ 0.63
BSET
WLFC
+ 0.61
BSET
FBIZ
+ 0.61
WLFC
WLFC
+ 0.56
HOFT
  
High negative correlations   
RCKY
- 0.76
WLFC
FBIZ
- 0.69
RCKY
RCKY
- 0.61
BSET
RCKY
- 0.48
HOFT

Risk-Adjusted Indicators

There is a big difference between Flexsteel Stock performing well and Flexsteel Industries 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 Flexsteel Industries' 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.

Flexsteel Industries Corporate Management

Stacy KammesVP SecretaryProfile
David CrimminsVice ManagementProfile
Alejandro HuertaTreasurer CFOProfile
Michael McClaflinChief OfficerProfile
Timothy NewlinVP ManagementProfile
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