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.
Moving together with KBH Stock
0.69 | BLD | Topbuild Corp | PairCorr |
0.76 | CCS | Century Communities | PairCorr |
0.63 | DFH | Dream Finders Homes Earnings Call This Week | PairCorr |
0.83 | DHI | DR Horton | PairCorr |
0.88 | LEN | Lennar | PairCorr |
0.85 | MHO | MI Homes Earnings Call This Week | PairCorr |
0.64 | MPX | Marine Products | PairCorr |
0.91 | MTH | Meritage | PairCorr |
0.7 | TPH | TRI Pointe Homes | PairCorr |
0.65 | SDHC | Smith Douglas Homes | PairCorr |
0.76 | TMHC | Taylor Morn Home Downward Rally | PairCorr |
Moving against KBH Stock
0.68 | DOGZ | Dogness International | PairCorr |
0.52 | GV | Visionary Education | PairCorr |
0.41 | SONY | Sony Group Corp | PairCorr |
Related Correlations Analysis
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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 | 3.86 | 20.45 | |||
PHM | 1.77 | (0.05) | 0.07 | 0.20 | 1.66 | 4.25 | 13.08 | |||
TOL | 1.71 | 0.05 | 0.11 | 0.26 | 1.69 | 3.85 | 10.46 | |||
NVR | 1.37 | (0.12) | (0.06) | 0.13 | 1.40 | 3.25 | 7.66 | |||
LEN | 1.74 | (0.22) | (0.03) | 0.10 | 1.97 | 4.06 | 9.39 | |||
HOV | 3.56 | (0.26) | 0.06 | 0.15 | 3.87 | 7.92 | 20.41 | |||
TMHC | 1.75 | (0.22) | (0.04) | 0.10 | 2.00 | 4.52 | 11.24 | |||
MHO | 1.79 | (0.15) | 0.01 | 0.15 | 2.04 | 4.02 | 9.75 | |||
CCS | 2.17 | (0.32) | (0.05) | 0.05 | 2.62 | 5.03 | 11.57 | |||
BZH | 2.11 | 0.04 | 0.10 | 0.26 | 2.13 | 5.60 | 14.51 |