KB Home Correlations

KBH Stock

USD 56.72 0.17 0.30%

The current 90-days correlation between KB Home and Toll Brothers is 0.94 (i.e., Almost no 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 0.59 (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

0.69	BLD	Topbuild Corp	Pair Corr
0.76	CCS	Century Communities	Pair Corr
0.63	DFH	Dream Finders Homes Earnings Call This Week	Pair Corr
0.83	DHI	DR Horton	Pair Corr
0.88	LEN	Lennar	Pair Corr
0.85	MHO	MI Homes Earnings Call This Week	Pair Corr
0.64	MPX	Marine Products	Pair Corr
0.91	MTH	Meritage	Pair Corr
0.7	TPH	TRI Pointe Homes	Pair Corr
0.65	SDHC	Smith Douglas Homes	Pair Corr
0.76	TMHC	Taylor Morn Home Downward Rally	Pair Corr

Moving against KBH Stock

0.68	DOGZ	Dogness International	Pair Corr
0.52	GV	Visionary Education	Pair Corr
0.41	SONY	Sony Group Corp	Pair Corr

Related Correlations Analysis

	DHI	PHM	TOL	NVR	LEN	HOV	TMHC	MHO	CCS	BZH
DHI		0.97	0.85	0.91	0.86	0.89	0.88	0.91	0.87	0.77	DHI
PHM	0.97		0.9	0.92	0.89	0.93	0.93	0.96	0.85	0.85	PHM
TOL	0.85	0.9		0.9	0.8	0.82	0.9	0.9	0.7	0.95	TOL
NVR	0.91	0.92	0.9		0.89	0.91	0.91	0.93	0.85	0.86	NVR
LEN	0.86	0.89	0.8	0.89		0.88	0.84	0.89	0.73	0.8	LEN
HOV	0.89	0.93	0.82	0.91	0.88		0.92	0.94	0.86	0.83	HOV
TMHC	0.88	0.93	0.9	0.91	0.84	0.92		0.93	0.85	0.86	TMHC
MHO	0.91	0.96	0.9	0.93	0.89	0.94	0.93		0.84	0.89	MHO
CCS	0.87	0.85	0.7	0.85	0.73	0.86	0.85	0.84		0.62	CCS
BZH	0.77	0.85	0.95	0.86	0.8	0.83	0.86	0.89	0.62		BZH
	DHI	PHM	TOL	NVR	LEN	HOV	TMHC	MHO	CCS	BZH

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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
DHI	1.84	(0.02)	0.04	0.22	1.77	(2.09)	3.86	(3.37)	20.45
PHM	1.77	(0.05)	0.07	0.20	1.66	(2.19)	4.25	(2.84)	13.08
TOL	1.71	0.05	0.11	0.26	1.69	(1.88)	3.85	(3.35)	10.46
NVR	1.37	(0.12)	(0.06)	0.13	1.40	(1.65)	3.25	(2.92)	7.66
LEN	1.74	(0.22)	(0.03)	0.10	1.97	(1.91)	4.06	(3.56)	9.39
HOV	3.56	(0.26)	0.06	0.15	3.87	(3.83)	7.92	(7.08)	20.41
TMHC	1.75	(0.22)	(0.04)	0.10	2.00	(1.80)	4.52	(3.73)	11.24
MHO	1.79	(0.15)	0.01	0.15	2.04	(1.80)	4.02	(3.52)	9.75
CCS	2.17	(0.32)	(0.05)	0.05	2.62	(2.34)	5.03	(4.18)	11.57
BZH	2.11	0.04	0.10	0.26	2.13	(2.38)	5.60	(4.79)	14.51

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