Builders FirstSource Correlations
BLDR Stock | USD 135.42 0.70 0.52% |
The current 90-days correlation between Builders FirstSource and AAON Inc is 0.07 (i.e., Significant diversification). The correlation of Builders FirstSource 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.
Builders FirstSource Correlation With Market
Good diversification
The correlation between Builders FirstSource and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Builders FirstSource and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Builders Stock
0.73 | OC | Owens Corning | PairCorr |
0.65 | FBIN | Fortune Brands Innov | PairCorr |
0.62 | CSL | Carlisle Companies | PairCorr |
0.77 | GFF | Griffon Earnings Call This Week | PairCorr |
0.7 | GMS | GMS Inc | PairCorr |
0.63 | LII | Lennox International | PairCorr |
0.81 | AEHL | Antelope Enterprise | PairCorr |
0.68 | APOG | Apogee Enterprises | PairCorr |
0.69 | TREX | Trex Company | PairCorr |
0.63 | J | Jacobs Solutions | PairCorr |
0.69 | R | Ryder System Earnings Call This Week | PairCorr |
Moving against Builders Stock
0.41 | AAON | AAON Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Builders Stock performing well and Builders FirstSource 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 Builders FirstSource's 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
AAON | 2.07 | (0.34) | (0.05) | 0.02 | 3.51 | 4.39 | 22.08 | |||
CARR | 1.26 | 0.23 | 0.20 | 0.43 | 0.82 | 2.92 | 15.41 | |||
LPX | 1.47 | (0.16) | (0.05) | 0.10 | 1.89 | 3.29 | 10.84 | |||
TREX | 1.98 | (0.08) | 0.06 | 0.19 | 2.06 | 6.07 | 12.88 | |||
OC | 1.65 | (0.25) | (0.04) | 0.08 | 2.23 | 4.19 | 12.76 | |||
ATKR | 1.71 | 0.08 | 0.18 | 0.28 | 1.19 | 4.02 | 15.01 | |||
BLD | 1.93 | 0.07 | 0.11 | 0.27 | 1.86 | 5.70 | 10.78 | |||
QXO | 2.66 | 0.71 | 0.24 | 1.17 | 2.21 | 7.87 | 20.66 |