Leslies Correlations

LESL Stock

USD 0.84 0.01 1.18%

The current 90-days correlation between Leslies and 1 800 FLOWERSCOM is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Leslies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leslies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Leslies Correlation With Market

Very weak diversification

The correlation between Leslies and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leslies 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 Leslies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Leslies Stock please use our How to buy in Leslies Stock guide.

Moving together with Leslies Stock

0.71	M	Macys Inc	Pair Corr
0.84	W	Wayfair	Pair Corr
0.64	BQ	Boqii Holding Limited	Pair Corr
0.89	FL	Foot Locker	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.86	LE	Lands End Earnings Call This Week	Pair Corr
0.87	RH	RH Earnings Call This Week	Pair Corr
0.78	DLTH	Duluth Holdings	Pair Corr
0.82	DXLG	Destination XL Group Earnings Call Today	Pair Corr
0.94	VSCO	Victorias Secret	Pair Corr
0.91	EDUC	Educational Development	Pair Corr
0.62	WEYS	Weyco Group	Pair Corr
0.78	ETSY	Etsy Inc	Pair Corr
0.95	WINA	Winmark	Pair Corr
0.79	EVGO	Evgo Inc	Pair Corr
0.94	WOOF	Pet Acquisition LLC	Pair Corr
0.87	FIVE	Five Below	Pair Corr
0.63	FLWS	1 800 FLOWERSCOM	Pair Corr
0.76	AAP	Advance Auto Parts	Pair Corr
0.97	AEO	American Eagle Outfitters	Pair Corr
0.83	AKA	AKA Brands Holding	Pair Corr
0.88	ANF	Abercrombie Fitch	Pair Corr
0.77	ASO	Academy Sports Outdoors Earnings Call Today	Pair Corr
0.88	AZI	Autozi Internet Tech	Pair Corr
0.84	BGI	Birks Group	Pair Corr
0.98	BKE	Buckle Inc	Pair Corr
0.83	CAL	Continental	Pair Corr

Moving against Leslies Stock

0.85	VIPS	Vipshop Holdings	Pair Corr
0.67	JD	JD Inc Adr Aggressive Push	Pair Corr
0.48	EBAY	eBay Inc	Pair Corr
0.79	AZO	AutoZone	Pair Corr
0.64	EYE	National Vision Holdings	Pair Corr

Related Correlations Analysis

	SBH	ODP	FLWS	CASY	EYE	SPWH	BGFV	CONN	HZO
SBH		0.96	0.4	0.05	-0.49	0.84	0.79	0.0	0.7	SBH
ODP	0.96		0.55	0.14	-0.55	0.89	0.86	0.0	0.77	ODP
FLWS	0.4	0.55		0.52	-0.19	0.59	0.6	0.0	0.79	FLWS
CASY	0.05	0.14	0.52		0.45	0.07	0.08	0.0	0.6	CASY
EYE	-0.49	-0.55	-0.19	0.45		-0.65	-0.65	0.0	-0.21	EYE
SPWH	0.84	0.89	0.59	0.07	-0.65		0.93	0.0	0.72	SPWH
BGFV	0.79	0.86	0.6	0.08	-0.65	0.93		0.0	0.71	BGFV
CONN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CONN
HZO	0.7	0.77	0.79	0.6	-0.21	0.72	0.71	0.0		HZO
	SBH	ODP	FLWS	CASY	EYE	SPWH	BGFV	CONN	HZO

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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

ODP	+ 0.96	SBH
BGFV	+ 0.93	SPWH
SPWH	+ 0.89	ODP
BGFV	+ 0.86	ODP
SPWH	+ 0.84	SBH
BGFV	+ 0.79	SBH

High negative correlations

BGFV	- 0.65	EYE
SPWH	- 0.65	EYE
EYE	- 0.55	ODP
EYE	- 0.49	SBH
HZO	- 0.21	EYE
EYE	- 0.19	FLWS

Risk-Adjusted Indicators

There is a big difference between Leslies Stock performing well and Leslies 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 Leslies' 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
SBH	1.97	(0.44)	0.00	(0.65)	0.00	0.00	4.00	(4.18)	10.83
ODP	2.90	(0.72)	0.00	(1.44)	0.00	0.00	6.19	(6.61)	27.92
FLWS	2.77	(0.35)	0.00	(0.36)	0.00	0.00	5.39	(6.68)	15.19
CASY	1.33	0.03	0.00	(0.06)	0.00	0.00	2.63	(3.55)	10.41
EYE	2.25	0.21	0.07	0.10	2.55	(2.51)	4.71	(4.45)	16.13
SPWH	3.51	(0.98)	0.00	(0.96)	0.00	0.00	5.71	(6.69)	25.41
BGFV	3.09	(0.78)	0.00	0.73	0.00	0.00	5.32	(4.97)	52.38
CONN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HZO	2.19	(0.32)	0.00	(0.29)	0.00	0.00	4.89	(4.95)	21.26

Leslies Corporate Executives

Elected by the shareholders, the Leslies' board of directors comprises two types of representatives: Leslies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Leslies. The board's role is to monitor Leslies' management team and ensure that shareholders' interests are well served. Leslies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Leslies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Scott Bowman

CFO Treasurer

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