Crown Crafts Correlations

CRWS Stock

USD 4.57 0.03 0.65%

The current 90-days correlation between Crown Crafts and Natuzzi SpA is -0.01 (i.e., Good diversification). The correlation of Crown Crafts 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.

Crown Crafts Correlation With Market

Average diversification

The correlation between Crown Crafts and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crown Crafts 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 Crown Crafts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For more information on how to buy Crown Stock please use our How to Invest in Crown Crafts guide.

Moving together with Crown Stock

0.87	HBB	Hamilton Beach Brands	Pair Corr
0.73	LEG	Leggett Platt	Pair Corr
0.77	MHK	Mohawk Industries	Pair Corr
0.75	NVFY	Nova Lifestyle I	Pair Corr
0.71	PATK	Patrick Industries	Pair Corr
0.86	W	Wayfair	Pair Corr

Moving against Crown Stock

0.76	NCL	Northann Corp	Pair Corr
0.69	FLXS	Flexsteel Industries	Pair Corr
0.46	WHR	Whirlpool	Pair Corr
0.36	HOFT	Hooker Furniture Earnings Call This Week	Pair Corr
0.34	KEQU	Kewaunee Scientific Earnings Call This Week	Pair Corr
0.62	BH	Biglari Holdings	Pair Corr
0.45	LOVE	Lovesac Earnings Call This Week	Pair Corr
0.39	BSET	Bassett Furniture Fiscal Year End 23rd of January 2025	Pair Corr
0.39	AS	Amer Sports,	Pair Corr
0.74	GM	General Motors Aggressive Push	Pair Corr
0.63	LB	LandBridge Company	Pair Corr

Related Correlations Analysis

	BSET	KBAL	HOFT	NTZ	FLXS	HBB	LZB
BSET		0.39	0.82	0.24	0.61	-0.59	0.59	BSET
KBAL	0.39		0.26	-0.03	0.23	-0.11	0.05	KBAL
HOFT	0.82	0.26		0.13	0.53	-0.57	0.75	HOFT
NTZ	0.24	-0.03	0.13		-0.02	-0.03	0.17	NTZ
FLXS	0.61	0.23	0.53	-0.02		-0.67	0.17	FLXS
HBB	-0.59	-0.11	-0.57	-0.03	-0.67		-0.46	HBB
LZB	0.59	0.05	0.75	0.17	0.17	-0.46		LZB
	BSET	KBAL	HOFT	NTZ	FLXS	HBB	LZB

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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

HOFT	+ 0.82	BSET
LZB	+ 0.75	HOFT
FLXS	+ 0.61	BSET
LZB	+ 0.59	BSET
FLXS	+ 0.53	HOFT
KBAL	+ 0.39	BSET

High negative correlations

HBB	- 0.67	FLXS
HBB	- 0.59	BSET
HBB	- 0.57	HOFT
LZB	- 0.46	HBB
HBB	- 0.11	KBAL
HBB	- 0.03	NTZ

Risk-Adjusted Indicators

There is a big difference between Crown Stock performing well and Crown Crafts 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 Crown Crafts' 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
BSET	1.48	0.18	0.07	0.52	1.52	(1.76)	3.24	(2.70)	9.61
KBAL	2.54	1.16	1.24	1.44	0.00	(3.12)	1.08	(0.89)	87.83
HOFT	2.41	0.10	0.07	0.17	2.69	(2.45)	5.56	(4.81)	12.49
NTZ	3.12	0.08	0.03	0.18	3.63	(4.08)	8.75	(5.44)	30.87
FLXS	2.07	0.56	0.24	1.08	1.61	(2.45)	5.14	(3.40)	33.56
HBB	2.46	(0.73)	0.00	(0.19)	0.00	0.00	4.37	(4.98)	29.81
LZB	1.33	0.05	0.02	0.17	1.57	(1.41)	3.19	(2.08)	9.21

Crown Crafts Corporate Executives

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

Olivia Elliott

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