FLXS vs MAMO: Correlation
How closely do Flexsteel Industries, Inc. (FLXS) and Massimo Group (MAMO) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLXS and MAMO?
Over the past 3 years, FLXS and MAMO moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.19 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -921.7 %².
Among the 13 assets we track against FLXS, MAMO sits near the bottom by co-movement, at rank #12. The last year tells two different stories: FLXS led by 149.1 percentage points, +83.0% for FLXS against -66.1% for MAMO.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FLXS vs MAMO: side by side
| FLXS (Flexsteel Industries, Inc.) | MAMO (Massimo Group) | |
|---|---|---|
| 1-year return | +83.0% | -66.1% |
| 5-year return | +162.8% | n/a |
| Volatility (ann.) | 58.9% | 87.3% |
| Beta vs S&P 500 | 0.68 | 0.53 |
| Max drawdown (3Y) | -54.1% | -83.6% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.4 | 10.0 |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLXS | MAMO |
|---|---|---|
| 2022 | -40.7% | – |
| 2023 | +26.1% | – |
| 2024 | +192.9% | – |
| 2025 | -25.9% | +54.9% |
| 2026 | +109.7% | -74.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLXS and MAMO good diversifiers for each other?
Yes. With a correlation of -0.19, FLXS and MAMO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLXS and MAMO?
As of 2026-08-27, the correlation of weekly returns between FLXS and MAMO is -0.19 over 3 years, -0.45 over 1 year and n/a over 5 years.
Is MAMO a good diversifier for FLXS?
Yes. With a correlation of -0.19, FLXS and MAMO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: FLXS correlations · MAMO correlations
