La-Z-Boy Incorporated (LZB) — Stock Correlations & Overview
Over the past year, LZB has moved most closely with ETD, SHBI, IBCP. Explore the stocks most correlated and inversely correlated with LZB below, along with its price, financials, and company profile.
Stocks correlated with LZB
Correlation of daily returns. Higher positive values move with LZB; negative values move opposite it. Informational only, not investment advice.
Most correlated with LZB
| Symbol | Company | Correlation |
|---|---|---|
| ETD | Ethan Allen Interiors IncWOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) | 0.44 |
| SHBI | Shore Bancshares IncNATIONAL COMMERCIAL BANKS | 0.43 |
| IBCP | Independent Bank Corp.STATE COMMERCIAL BANKS | 0.42 |
| HVT | Haverty Furniture Companies, Inc.RETAIL-FURNITURE STORES | 0.42 |
| JPSV | JPMorgan Active Small Cap Value ETF | 0.42 |
Most inversely correlated with LZB
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.40 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.36 |
| SDD | ProShares UltraShort SmallCap600 | -0.34 |
| SBB | ProShares Short SmallCap600 | -0.33 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.33 |
Frequently asked questions about LZB correlations
- Which stocks are most correlated with LZB?
- Based on one year of daily returns, the stocks most correlated with La-Z-Boy Incorporated (LZB) are ETD (0.44), SHBI (0.43) and IBCP (0.42). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with LZB?
- Over the past year, the stocks most inversely correlated with La-Z-Boy Incorporated (LZB) are SKRE (-0.40), JETD (-0.36) and SDD (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these LZB correlations calculated?
- We compute the correlation of daily returns between LZB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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