La Z Correlations
| LZB Stock | USD 39.81 0.26 0.65% |
The current 90-days correlation between La Z Boy and MasterBrand is 0.36 (i.e., Weak diversification). The correlation of La Z 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.
La Z Correlation With Market
Very weak diversification
The correlation between La Z Boy 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 La Z Boy Incorporated and DJI in the same portfolio, assuming nothing else is changed.
LZB |
Moving together with LZB Stock
| 0.9 | SN | SharkNinja, | PairCorr |
| 0.65 | FLXS | Flexsteel Industries | PairCorr |
| 0.78 | ETD | Ethan Allen Interiors | PairCorr |
| 0.84 | LEG | Leggett Platt | PairCorr |
| 0.76 | MBC | MasterBrand | PairCorr |
| 0.63 | MHK | Mohawk Industries | PairCorr |
| 0.65 | SGI | Somnigroup International Symbol Change | PairCorr |
| 0.71 | IRBT | iRobot | PairCorr |
| 0.76 | KEQU | Kewaunee Scientific | PairCorr |
| 0.76 | LOVE | Lovesac | PairCorr |
| 0.7 | PATK | Patrick Industries | PairCorr |
| 0.67 | PRPL | Purple Innovation | PairCorr |
| 0.69 | AMWD | American Woodmark | PairCorr |
| 0.71 | COOK | Traeger | PairCorr |
| 0.65 | CRWS | Crown Crafts | PairCorr |
| 0.76 | H | Hyatt Hotels | PairCorr |
| 0.85 | W | Wayfair Buyout Trend | PairCorr |
| 0.86 | DIBS | 1StdibsCom | PairCorr |
| 0.84 | AN | AutoNation | PairCorr |
| 0.69 | AS | Amer Sports, | PairCorr |
| 0.77 | BC | Brunswick | PairCorr |
| 0.69 | BQ | Boqii Holding Limited | PairCorr |
Moving against LZB Stock
| 0.75 | VIOT | Viomi Technology ADR | PairCorr |
| 0.57 | HBB | Hamilton Beach Brands | PairCorr |
| 0.44 | EFOI | Energy Focu | PairCorr |
| 0.52 | BSET | Bassett Furniture Earnings Call This Week | PairCorr |
| 0.35 | F | Ford Motor Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.0 | 0.87 | -0.81 | -0.76 | 0.56 | FLXS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | KBAL | ||
| 0.87 | 0.0 | -0.94 | -0.81 | 0.71 | CRWS | ||
| -0.81 | 0.0 | -0.94 | 0.81 | -0.62 | BSET | ||
| -0.76 | 0.0 | -0.81 | 0.81 | -0.54 | HBB | ||
| 0.56 | 0.0 | 0.71 | -0.62 | -0.54 | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between LZB Stock performing well and La Z 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 La Z'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLXS | 2.59 | (0.54) | 0.00 | (0.40) | 0.00 | 4.30 | 37.91 | |||
| KBAL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRWS | 0.77 | (0.21) | 0.00 | (0.51) | 0.00 | 1.14 | 6.23 | |||
| BSET | 1.38 | 0.21 | 0.11 | 1.51 | 1.80 | 3.43 | 10.89 | |||
| HBB | 2.24 | 0.22 | 0.08 | 0.22 | 2.53 | 5.34 | 17.62 | |||
| MBC | 1.81 | (0.20) | 0.00 | (0.23) | 0.00 | 3.14 | 10.11 |