DR Horton Correlations

DHI Stock

USD 127.85 0.79 0.62%

The current 90-days correlation between DR Horton and Lennar is -0.13 (i.e., Good diversification). The correlation of DR Horton 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.

DR Horton Correlation With Market

Significant diversification

The correlation between DR Horton and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DR Horton and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DR Horton. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more detail on how to invest in DHI Stock please use our How to Invest in DR Horton guide.

Moving together with DHI Stock

0.66	BC	Brunswick	Pair Corr
0.83	UA	Under Armour C	Pair Corr
0.89	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.79	VMAR	Vision Marine Techno	Pair Corr
0.69	VNCE	Vince Holding Corp	Pair Corr
0.62	WLDS	Wearable Devices	Pair Corr
0.61	FEBO	Fenbo Holdings	Pair Corr
0.63	BLD	Topbuild Corp	Pair Corr
0.79	BZH	Beazer Homes USA	Pair Corr
0.63	CCS	Century Communities	Pair Corr
0.66	CRI	Carters	Pair Corr
0.61	DTC	Solo Brands	Pair Corr
0.82	HBI	Hanesbrands	Pair Corr
0.67	HOV	Hovnanian Enterprises	Pair Corr
0.69	IBP	Installed Building	Pair Corr
0.8	KBH	KB Home	Pair Corr
0.87	LEN	Lennar	Pair Corr
0.88	MHO	MI Homes	Pair Corr
0.81	MTH	Meritage	Pair Corr

Moving against DHI Stock

0.82	VOXX	VOXX International	Pair Corr
0.72	HAS	Hasbro Inc	Pair Corr
0.35	RL	Ralph Lauren Corp Sell-off Trend	Pair Corr
0.76	MAT	Mattel Inc	Pair Corr
0.69	SKY	Skyline	Pair Corr
0.65	RGR	Sturm Ruger	Pair Corr
0.64	TPR	Tapestry	Pair Corr

Related Correlations Analysis

	LEN	KBH	TOL	NVR	PHM	BZH	HOV	MTH	IBP
LEN		0.93	0.85	0.86	0.92	0.87	0.8	0.92	0.71	LEN
KBH	0.93		0.93	0.75	0.95	0.73	0.86	0.93	0.84	KBH
TOL	0.85	0.93		0.73	0.89	0.68	0.89	0.84	0.83	TOL
NVR	0.86	0.75	0.73		0.79	0.82	0.68	0.74	0.59	NVR
PHM	0.92	0.95	0.89	0.79		0.74	0.78	0.96	0.9	PHM
BZH	0.87	0.73	0.68	0.82	0.74		0.74	0.75	0.47	BZH
HOV	0.8	0.86	0.89	0.68	0.78	0.74		0.73	0.7	HOV
MTH	0.92	0.93	0.84	0.74	0.96	0.75	0.73		0.84	MTH
IBP	0.71	0.84	0.83	0.59	0.9	0.47	0.7	0.84		IBP
	LEN	KBH	TOL	NVR	PHM	BZH	HOV	MTH	IBP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between DHI Stock performing well and DR Horton 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 DR Horton'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
LEN	1.52	(0.11)	(0.24)	3.37	(3.02)	8.30
KBH	1.45	(0.06)	(0.17)	4.00	(2.50)	9.30
TOL	1.61	(0.14)	(0.20)	3.61	(3.47)	10.25
NVR	1.20	(0.19)	(2.58)	2.22	(2.59)	6.86
PHM	1.50	0.02	(0.08)	3.22	(3.76)	8.96
BZH	2.28	(0.23)	(0.26)	4.58	(3.75)	24.99
HOV	2.48	(0.13)	(0.18)	6.00	(4.83)	23.61
MTH	1.60	(0.02)	(0.11)	3.79	(3.68)	8.89
IBP	1.73	0.10	(0.01)	3.77	(4.87)	12.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC