Arhaus Correlations

ARHS Stock

USD 9.93 0.17 1.68%

The current 90-days correlation between Arhaus Inc and La Z Boy Incorporated is 0.55 (i.e., Very weak diversification). The correlation of Arhaus 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Arhaus Correlation With Market

Weak diversification

The correlation between Arhaus Inc and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arhaus Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arhaus Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Arhaus Stock

0.65	AN	AutoNation	Pair Corr
0.68	ETSY	Etsy Inc	Pair Corr
0.74	ASO	Academy Sports Outdoors	Pair Corr
0.64	BBY	Best Buy	Pair Corr
0.64	DIT	AMCON Distributing	Pair Corr
0.62	DKS	Dicks Sporting Goods	Pair Corr
0.75	FND	Floor Decor Holdings	Pair Corr
0.74	GPC	Genuine Parts	Pair Corr
0.82	HVT	Haverty Furniture	Pair Corr
0.71	RAY	Raytech Holding	Pair Corr

Moving against Arhaus Stock

0.65	LB	LandBridge Company	Pair Corr
0.6	GCT	GigaCloud Technology	Pair Corr
0.56	VSCO	Victorias Secret	Pair Corr
0.52	WRBY	Warby Parker	Pair Corr
0.41	HD	Home Depot	Pair Corr
0.4	DDS	Dillards	Pair Corr
0.37	WEYS	Weyco Group	Pair Corr
0.33	M	Macys Inc	Pair Corr
0.32	GAP	Gap, Symbol Change	Pair Corr
0.66	ORLY	OReilly Automotive	Pair Corr
0.65	CATO	Cato	Pair Corr
0.62	MNSO	Miniso Group Holding Buyout Trend	Pair Corr
0.59	TLF	Tandy Leather Factory	Pair Corr
0.53	LAD	Lithia Motors	Pair Corr
0.45	LOW	Lowes Companies Sell-off Trend	Pair Corr
0.31	GLBE	Global E Online	Pair Corr
0.31	JFBRW	Jeffs Brands	Pair Corr

Related Correlations Analysis

	PRPL	MHK	LZB	LEG	BSET	ETD	NTZ	FLXS	COOK	TPX
PRPL		0.46	0.01	0.28	-0.39	0.59	0.02	-0.66	0.75	-0.05	PRPL
MHK	0.46		0.0	0.71	-0.29	0.62	0.07	-0.79	0.69	0.05	MHK
LZB	0.01	0.0		0.19	0.63	0.54	0.21	0.2	0.06	0.9	LZB
LEG	0.28	0.71	0.19		0.09	0.71	0.32	-0.43	0.67	0.24	LEG
BSET	-0.39	-0.29	0.63	0.09		0.03	0.29	0.61	-0.2	0.68	BSET
ETD	0.59	0.62	0.54	0.71	0.03		0.21	-0.5	0.69	0.49	ETD
NTZ	0.02	0.07	0.21	0.32	0.29	0.21		0.01	0.15	0.29	NTZ
FLXS	-0.66	-0.79	0.2	-0.43	0.61	-0.5	0.01		-0.72	0.18	FLXS
COOK	0.75	0.69	0.06	0.67	-0.2	0.69	0.15	-0.72		0.11	COOK
TPX	-0.05	0.05	0.9	0.24	0.68	0.49	0.29	0.18	0.11		TPX
	PRPL	MHK	LZB	LEG	BSET	ETD	NTZ	FLXS	COOK	TPX

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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

TPX	+ 0.9	LZB
COOK	+ 0.75	PRPL
LEG	+ 0.71	MHK
ETD	+ 0.71	LEG
COOK	+ 0.69	MHK
COOK	+ 0.69	ETD

High negative correlations

FLXS	- 0.79	MHK
COOK	- 0.72	FLXS
FLXS	- 0.66	PRPL
FLXS	- 0.5	ETD
FLXS	- 0.43	LEG
BSET	- 0.39	PRPL

Risk-Adjusted Indicators

There is a big difference between Arhaus Stock performing well and Arhaus 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 Arhaus' 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
PRPL	2.75	(0.56)	0.00	(0.27)	0.00	0.00	5.81	(5.05)	18.50
MHK	1.40	(0.32)	0.00	(0.10)	0.00	0.00	2.70	(2.77)	18.13
LZB	1.32	0.06	0.03	0.19	1.58	(1.38)	3.19	(2.08)	9.21
LEG	1.96	(0.12)	(0.05)	0.02	2.31	(2.26)	4.03	(4.19)	16.37
BSET	1.45	0.14	0.04	0.40	1.53	(1.69)	3.03	(2.70)	9.61
ETD	1.38	(0.15)	0.00	(0.02)	0.00	0.00	2.96	(3.43)	10.65
NTZ	3.16	0.01	0.01	0.13	3.73	(4.21)	8.75	(5.44)	30.87
FLXS	2.08	0.54	0.24	1.06	1.61	(2.50)	5.14	(3.40)	33.56
COOK	2.37	(0.21)	0.00	(0.14)	0.00	0.00	5.21	(4.38)	12.02
TPX	1.29	0.02	0.01	0.15	1.09	(1.72)	3.72	(1.87)	11.44

Arhaus Corporate Management

John Moran	Chief Officer	Profile
Lisa Chi	Chief Officer	Profile
John Reed	Chairman, Founder	Profile
Dawn Sparks	Chief Officer	Profile
Venkat Nachiappan	Chief Officer	Profile
Tim Kuckelman	Chief Officer	Profile
Jennifer Porter	Chief Officer	Profile

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