Beazer Homes Correlations
| BE4A Stock | EUR 32.60 0.20 0.61% |
The current 90-days correlation between Beazer Homes USA and Ribbon Communications is 0.11 (i.e., Average diversification). The correlation of Beazer 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Beazer Homes Correlation With Market
Weak diversification
The correlation between Beazer Homes USA and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beazer Homes USA and DJI in the same portfolio, assuming nothing else is changed.
Beazer |
The ability to find closely correlated positions to Beazer 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 Beazer 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 Beazer 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 Beazer Homes USA to buy it.
Moving together with Beazer Stock
Moving against Beazer Stock
| 0.6 | 3BA | Barratt Developments plc | PairCorr |
| 0.56 | 3BAA | BARRATT DEVEL UNSPADR2 | PairCorr |
| 0.51 | GGG | GUDANG GARAM | PairCorr |
| 0.45 | PKX | POSCO Holdings | PairCorr |
| 0.37 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.34 | 9NPA | NIPPON PROLOGIS REIT | PairCorr |
| 0.31 | K9R | KENEDIX OFFICE INV | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Beazer Stock performing well and Beazer Homes 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 Beazer Homes' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NU42 | 2.29 | 0.15 | 0.07 | 0.26 | 2.04 | 5.75 | 10.99 | |||
| A9U | 1.17 | 0.11 | 0.03 | 0.38 | 0.92 | 3.03 | 8.70 | |||
| CHWD | 0.71 | 0.08 | (0.05) | (0.26) | 0.94 | 1.16 | 7.89 | |||
| EV9 | 2.26 | 0.20 | 0.09 | 0.25 | 2.52 | 5.05 | 17.95 | |||
| XSFA | 1.78 | 0.29 | 0.07 | 0.75 | 2.27 | 4.13 | 16.74 | |||
| 5ZM | 1.51 | 0.35 | 0.13 | 1.54 | 1.68 | 3.57 | 12.64 | |||
| UN3 | 2.68 | 0.84 | 0.28 | 1.07 | 2.33 | 5.75 | 41.87 | |||
| BAC | 1.02 | 0.16 | 0.04 | 0.85 | 1.25 | 2.41 | 7.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Beazer 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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Beazer Homes Corporate Management
Elected by the shareholders, the Beazer Homes' board of directors comprises two types of representatives: Beazer Homes inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Beazer. The board's role is to monitor Beazer Homes' management team and ensure that shareholders' interests are well served. Beazer 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, Beazer Homes' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marty Shaffer | VP Improvement | Profile | |
| Michael Furlow | Division Savannah | Profile | |
| Kathi James | Area Officer | Profile | |
| David Goldberg | IR Contact Officer | Profile |