United Homes Correlations
| UHG Stock | 6.69 0.29 4.53% |
The correlation of United Homes 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Homes Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between United Homes Group and NYA is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Homes Group and NYA in the same portfolio, assuming nothing else is changed.
United |
The ability to find closely correlated positions to United Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Homes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back United Homes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling United Homes Group to buy it.
Moving together with United Stock
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| 0.63 | BZH | Beazer Homes USA Earnings Call This Week | PairCorr |
| 0.71 | FORD | Forward Industries | PairCorr |
| 0.78 | FOSL | Fossil Group | PairCorr |
Moving against United Stock
| 0.7 | VSTO | Vista Outdoor Financial Report 1st of May 2024 | PairCorr |
| 0.66 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
| 0.64 | NVR | NVR Inc | PairCorr |
| 0.5 | DOGZ | Dogness International | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in United Homes without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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United Homes Corporate Management
Elected by the shareholders, the United Homes' board of directors comprises two types of representatives: United Homes inside directors who are chosen from within the company, and outside directors, selected externally and held independent of United. The board's role is to monitor United Homes' management team and ensure that shareholders' interests are well served. United Homes' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, United Homes' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Allen Hutto | VP Affairs | Profile | |
| Pennington Nieri | CoExecutive Services | Profile | |
| Dan Goldstein | Executive Finance | Profile | |
| Shelton Twine | Chief Officer | Profile | |
| Keith Feldman | Chief Officer | Profile |
Already Invested in United Homes Group?
The danger of trading United Homes Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of United Homes is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than United Homes. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile United Homes Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether United Homes Group is a strong investment it is important to analyze United Homes' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact United Homes' future performance. For an informed investment choice regarding United Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Homes Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the United Homes Group information on this page should be used as a complementary analysis to other United Homes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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When running United Homes' price analysis, check to measure United Homes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United Homes is operating at the current time. Most of United Homes' value examination focuses on studying past and present price action to predict the probability of United Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Homes' price. Additionally, you may evaluate how the addition of United Homes to your portfolios can decrease your overall portfolio volatility.
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Is United Homes' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of United Homes. If investors know United will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about United Homes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.877 | Earnings Share 2.35 | Revenue Per Share 9.235 | Quarterly Revenue Growth 0.015 | Return On Assets 0.0361 |
The market value of United Homes Group is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Homes' value that differs from its market value or its book value, called intrinsic value, which is United Homes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because United Homes' market value can be influenced by many factors that don't directly affect United Homes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between United Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Homes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.