Beazer Homes Correlations

BZH Stock

USD 34.95 0.02 0.06%

The current 90-days correlation between Beazer Homes USA and MI Homes is 0.77 (i.e., Poor 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

Very weak diversification

The correlation between Beazer Homes USA 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 Beazer Homes USA and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Beazer Homes USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Beazer Stock

0.61	BC	Brunswick	Pair Corr
0.67	MHO	MI Homes	Pair Corr
0.69	MPX	Marine Products Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Beazer Stock

0.52	WTO	UTime Limited	Pair Corr
0.41	EZGO	EZGO Technologies	Pair Corr
0.51	LANV	Lanvin Group Holdings	Pair Corr

Related Correlations Analysis

	KBH	MHO	TMHC	LEN	TPH	CCS	MTH	PHM	DHI	HOV
KBH		0.82	0.34	0.81	0.83	0.82	0.91	0.73	0.68	0.89	KBH
MHO	0.82		0.46	0.75	0.88	0.71	0.83	0.89	0.59	0.66	MHO
TMHC	0.34	0.46		-0.1	0.19	-0.16	0.09	0.22	-0.35	-0.02	TMHC
LEN	0.81	0.75	-0.1		0.85	0.98	0.95	0.84	0.94	0.88	LEN
TPH	0.83	0.88	0.19	0.85		0.83	0.9	0.85	0.72	0.81	TPH
CCS	0.82	0.71	-0.16	0.98	0.83		0.95	0.8	0.96	0.92	CCS
MTH	0.91	0.83	0.09	0.95	0.9	0.95		0.85	0.86	0.91	MTH
PHM	0.73	0.89	0.22	0.84	0.85	0.8	0.85		0.74	0.65	PHM
DHI	0.68	0.59	-0.35	0.94	0.72	0.96	0.86	0.74		0.83	DHI
HOV	0.89	0.66	-0.02	0.88	0.81	0.92	0.91	0.65	0.83		HOV
	KBH	MHO	TMHC	LEN	TPH	CCS	MTH	PHM	DHI	HOV

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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

CCS	+ 0.98	LEN
DHI	+ 0.96	CCS
MTH	+ 0.95	LEN
MTH	+ 0.95	CCS
DHI	+ 0.94	LEN
HOV	+ 0.92	CCS

High negative correlations

DHI	- 0.35	TMHC
CCS	- 0.16	TMHC
LEN	- 0.1	TMHC
HOV	- 0.02	TMHC

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
KBH	1.57	(0.11)	(0.05)	0.01	2.09	(1.64)	3.05	(3.31)	10.10
MHO	1.66	(0.08)	(0.02)	0.06	2.39	(1.60)	3.69	(4.24)	10.66
TMHC	1.37	0.08	0.02	0.24	1.64	(1.54)	3.10	(2.82)	9.84
LEN	1.34	(0.07)	0.00	(0.26)	0.00	0.00	2.17	(3.91)	8.55
TPH	1.31	(0.14)	0.00	(0.01)	0.00	0.00	2.86	(3.19)	8.57
CCS	1.61	(0.23)	0.00	(0.17)	0.00	0.00	3.41	(3.85)	10.68
MTH	1.56	(0.15)	0.00	(0.04)	0.00	0.00	3.80	(4.82)	10.57
PHM	1.38	0.00	(0.03)	0.13	1.96	(1.45)	2.91	(3.21)	10.37
DHI	1.32	(0.18)	0.00	(0.52)	0.00	0.00	1.97	(3.16)	10.42
HOV	2.31	(0.29)	0.00	(0.07)	0.00	0.00	4.74	(5.89)	16.06

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