Tile Shop Correlations

TTSH Stock  USD 6.51  0.08  1.24%   
The current 90-days correlation between Tile Shop Holdings and Haverty Furniture Companies is 0.3 (i.e., Weak diversification). The correlation of Tile Shop 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.

Tile Shop Correlation With Market

Very weak diversification

The correlation between Tile Shop Holdings and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tile Shop Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tile Shop 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 state.

Moving together with Tile Stock

  0.84DIBS 1StdibsComPairCorr
  0.85AN AutoNationPairCorr
  0.68HD Home DepotPairCorr
  0.63WEYS Weyco GroupPairCorr
  0.63WRBY Warby ParkerPairCorr
  0.66FLWS 1 800 FLOWERSCOMPairCorr
  0.82ABG Asbury AutomotivePairCorr
  0.7FNKO Funko IncPairCorr
  0.79BBY Best BuyPairCorr

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   
LOWHD
LIVEKIRK
LIVEFND
HDFND
LOWFND
LOWLIVE
  
High negative correlations   
LIVEKGFHY
LOWKGFHY
HDKGFHY
FNDKGFHY
KIRKKGFHY
ARHSKGFHY

Risk-Adjusted Indicators

There is a big difference between Tile Stock performing well and Tile Shop 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 Tile Shop'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
KGFHY  1.40  0.18  0.14  0.19  1.33 
 3.35 
 7.85 
HVT  1.48 (0.06) 0.00 (0.14) 0.00 
 1.98 
 12.98 
ARHS  3.08 (0.05) 0.00 (0.12) 0.00 
 6.09 
 29.44 
KIRK  2.16 (0.26) 0.00 (0.39) 0.00 
 5.78 
 14.71 
LL  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FND  1.99 (0.33) 0.00 (0.44) 0.00 
 2.95 
 9.51 
LIVE  2.41 (0.46) 0.00 (0.86) 0.00 
 4.50 
 19.15 
HVT-A  2.26 (0.22) 0.00  1.09  0.00 
 6.38 
 20.35 
HD  1.14 (0.19) 0.00 (0.28) 0.00 
 2.21 
 7.58 
LOW  1.11 (0.16) 0.00 (0.26) 0.00 
 1.93 
 6.38 

Tile Shop Corporate Executives

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