KB Home Correlations

KBH Stock

USD 57.39 5.36 8.54%

The current 90-days correlation between KB Home and Meritage is 0.8 (i.e., Very poor diversification). The correlation of KB Home 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.

KB Home Correlation With Market

Very weak diversification

The correlation between KB Home and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KB Home and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with KBH Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KB Home. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more detail on how to invest in KBH Stock please use our How to Invest in KB Home guide.

Moving together with KBH Stock

0.63	BZH	Beazer Homes USA	Pair Corr
0.88	TPH	TRI Pointe Homes	Pair Corr
0.65	SDHC	Smith Douglas Homes	Pair Corr

Moving against KBH Stock

0.32

BZDLF

Kincora Copper

Pair Corr

Related Correlations Analysis

	MTH	CVCO	MHO	SKY	TMHC	GRBK	TPH	ABG	TNL	CHH
MTH		0.46	0.84	0.27	0.84	0.8	0.95	0.56	0.15	0.32	MTH
CVCO	0.46		0.24	0.85	0.17	0.2	0.57	0.03	0.65	-0.14	CVCO
MHO	0.84	0.24		0.01	0.98	0.9	0.81	0.63	-0.22	0.67	MHO
SKY	0.27	0.85	0.01		-0.02	-0.1	0.39	-0.22	0.76	-0.45	SKY
TMHC	0.84	0.17	0.98	-0.02		0.9	0.82	0.64	-0.2	0.64	TMHC
GRBK	0.8	0.2	0.9	-0.1	0.9		0.78	0.68	-0.22	0.65	GRBK
TPH	0.95	0.57	0.81	0.39	0.82	0.78		0.55	0.3	0.26	TPH
ABG	0.56	0.03	0.63	-0.22	0.64	0.68	0.55		-0.04	0.45	ABG
TNL	0.15	0.65	-0.22	0.76	-0.2	-0.22	0.3	-0.04		-0.6	TNL
CHH	0.32	-0.14	0.67	-0.45	0.64	0.65	0.26	0.45	-0.6		CHH
	MTH	CVCO	MHO	SKY	TMHC	GRBK	TPH	ABG	TNL	CHH

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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

TMHC	+ 0.98	MHO
TPH	+ 0.95	MTH
GRBK	+ 0.9	MHO
GRBK	+ 0.9	TMHC
SKY	+ 0.85	CVCO
MHO	+ 0.84	MTH

High negative correlations

CHH	- 0.6	TNL
CHH	- 0.45	SKY
TNL	- 0.22	GRBK
ABG	- 0.22	SKY
TNL	- 0.22	MHO
TNL	- 0.2	TMHC

Risk-Adjusted Indicators

There is a big difference between KBH Stock performing well and KB Home 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 KB Home'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
MTH	1.46	(0.28)	0.00	(0.13)	0.00	0.00	3.40	(3.27)	9.87
CVCO	2.07	0.08	0.02	0.12	3.39	(2.05)	4.83	(3.15)	15.30
MHO	1.53	(0.33)	0.00	(0.19)	0.00	0.00	4.44	(4.02)	10.58
SKY	2.25	0.18	0.06	0.21	2.76	(2.64)	5.26	(4.39)	15.39
TMHC	1.29	(0.28)	0.00	(0.19)	0.00	0.00	2.48	(2.87)	7.86
GRBK	1.55	(0.26)	0.00	(0.12)	0.00	0.00	3.53	(3.59)	10.07
TPH	1.31	(0.21)	0.00	(0.10)	0.00	0.00	3.03	(2.73)	8.84
ABG	1.46	(0.12)	0.00	(0.03)	0.00	0.00	2.87	(3.10)	8.25
TNL	1.44	0.22	0.12	0.30	1.52	(1.58)	3.13	(2.00)	22.04
CHH	1.61	(0.23)	0.00	(0.19)	0.00	0.00	3.24	(3.12)	10.12

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