Leggett Platt Correlations

LEG Stock

USD 8.07 0.05 0.62%

The current 90-days correlation between Leggett Platt and Ethan Allen Interiors is 0.51 (i.e., Very weak diversification). The correlation of Leggett Platt 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.

Leggett Platt Correlation With Market

Very weak diversification

The correlation between Leggett Platt Incorporated 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 Leggett Platt Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. 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 Leggett Stock

0.87	SN	SharkNinja,	Pair Corr
0.75	FLXS	Flexsteel Industries	Pair Corr
0.62	ETD	Ethan Allen Interiors	Pair Corr
0.86	LZB	La Z Boy	Pair Corr
0.9	MBC	MasterBrand	Pair Corr
0.85	MHK	Mohawk Industries	Pair Corr
0.81	NCL	Northann Corp	Pair Corr
0.77	WHR	Whirlpool	Pair Corr
0.63	HOFT	Hooker Furniture	Pair Corr
0.69	IRBT	iRobot	Pair Corr
0.79	KEQU	Kewaunee Scientific	Pair Corr
0.62	LCUT	Lifetime Brands	Pair Corr
0.91	LOVE	Lovesac	Pair Corr
0.79	PRPL	Purple Innovation	Pair Corr
0.89	AMWD	American Woodmark	Pair Corr
0.87	COOK	Traeger	Pair Corr
0.85	CRWS	Crown Crafts	Pair Corr
0.84	H	Hyatt Hotels	Pair Corr
0.9	W	Wayfair	Pair Corr
0.62	DIBS	1StdibsCom	Pair Corr
0.73	AN	AutoNation	Pair Corr
0.69	AS	Amer Sports,	Pair Corr
0.91	BC	Brunswick	Pair Corr
0.63	BQ	Boqii Holding Limited	Pair Corr

Moving against Leggett Stock

0.78	VIOT	Viomi Technology ADR	Pair Corr
0.69	HBB	Hamilton Beach Brands	Pair Corr
0.66	EFOI	Energy Focu	Pair Corr
0.74	BSET	Bassett Furniture Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MHK	TPX	ETD	LOVE	LZB	FLXS	KBAL	CRWS	BSET	MBC
MHK		-0.55	0.4	0.75	0.64	0.48	0.0	0.67	-0.59	0.8	MHK
TPX	-0.55		-0.46	-0.85	-0.8	-0.86	0.0	-0.86	0.75	-0.62	TPX
ETD	0.4	-0.46		0.42	0.78	0.46	0.0	0.37	-0.22	0.69	ETD
LOVE	0.75	-0.85	0.42		0.77	0.8	0.0	0.91	-0.84	0.74	LOVE
LZB	0.64	-0.8	0.78	0.77		0.69	0.0	0.67	-0.53	0.77	LZB
FLXS	0.48	-0.86	0.46	0.8	0.69		0.0	0.89	-0.83	0.58	FLXS
KBAL	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	KBAL
CRWS	0.67	-0.86	0.37	0.91	0.67	0.89	0.0		-0.93	0.72	CRWS
BSET	-0.59	0.75	-0.22	-0.84	-0.53	-0.83	0.0	-0.93		-0.63	BSET
MBC	0.8	-0.62	0.69	0.74	0.77	0.58	0.0	0.72	-0.63		MBC
	MHK	TPX	ETD	LOVE	LZB	FLXS	KBAL	CRWS	BSET	MBC

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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

CRWS	+ 0.91	LOVE
CRWS	+ 0.89	FLXS
MBC	+ 0.8	MHK
FLXS	+ 0.8	LOVE
LZB	+ 0.78	ETD
LZB	+ 0.77	LOVE

High negative correlations

BSET	- 0.93	CRWS
CRWS	- 0.86	TPX
FLXS	- 0.86	TPX
LOVE	- 0.85	TPX
BSET	- 0.84	LOVE
BSET	- 0.83	FLXS

Risk-Adjusted Indicators

There is a big difference between Leggett Stock performing well and Leggett Platt 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 Leggett Platt'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MHK	1.42	(0.02)	0.00	(0.02)	0.00	0.00	3.57	(2.80)	8.27
TPX	1.38	0.37	0.27	(1.87)	0.99	(1.71)	3.54	(1.91)	9.17
ETD	1.24	(0.02)	0.00	(0.03)	0.00	0.00	2.28	(2.36)	14.02
LOVE	2.22	(0.38)	0.00	(0.40)	0.00	0.00	4.19	(5.37)	11.64
LZB	1.49	(0.12)	0.00	(0.10)	0.00	0.00	3.20	(3.84)	9.42
FLXS	2.53	(0.52)	0.00	(0.31)	0.00	0.00	4.29	(5.27)	37.90
KBAL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRWS	0.79	(0.22)	0.00	(0.43)	0.00	0.00	1.14	(1.77)	6.23
BSET	1.42	0.20	0.09	3.79	2.00	(1.47)	3.43	(3.13)	10.89
MBC	1.70	(0.13)	0.00	(0.12)	0.00	0.00	3.14	(3.85)	10.11

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