Floor Decor Correlations

Stocks . USA . 
Stock . Floor Decor Holdings
FND Stock  USD 84.18  0.23  0.27%   
The current 90-days correlation between Floor Decor Holdings and Arhaus Inc is 0.4 (i.e., Very weak diversification). The correlation of Floor Decor 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.

Floor Decor Correlation With Market

Weak diversification

The correlation between Floor Decor Holdings and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Floor Decor Holdings 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 Floor Decor Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Floor Stock

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Moving against Floor Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Floor Stock performing well and Floor Decor 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 Floor Decor'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.

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