Forestar Correlations

FOR Stock

USD 22.42 0.17 0.76%

The current 90-days correlation between Forestar Group and Landsea Homes Corp is 0.44 (i.e., Very weak diversification). The correlation of Forestar 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Forestar Correlation With Market

Modest diversification

The correlation between Forestar Group and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forestar Group 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 Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Forestar Stock

0.86	EXPI	eXp World Holdings	Pair Corr
0.91	PK	Park Hotels Resorts	Pair Corr
0.69	RC	Ready Capital Corp	Pair Corr
0.67	UE	Urban Edge Properties	Pair Corr
0.63	EQIX	Equinix	Pair Corr
0.84	WETH	Wetouch Technology Common	Pair Corr
0.84	ESBA	Empire State Realty	Pair Corr

Moving against Forestar Stock

0.9	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.87	DX	Dynex Capital	Pair Corr
0.82	FR	First Industrial Realty	Pair Corr
0.82	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.82	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.8	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.79	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.77	MITT-PA	AG Mortgage Investment	Pair Corr
0.73	MITT-PB	AG Mortgage Investment	Pair Corr
0.71	O	Realty Income	Pair Corr
0.68	VICI	VICI Properties	Pair Corr
0.44	MAYS	J W Mays	Pair Corr
0.43	WY	Weyerhaeuser	Pair Corr
0.39	VNO-PL	Vornado Realty Trust	Pair Corr
0.88	MITT-PC	AG Mortgage Investment	Pair Corr
0.87	WELL	Welltower	Pair Corr
0.79	ACR	Acres Commercial Realty	Pair Corr
0.78	CDR-PC	Cedar Realty Trust	Pair Corr
0.71	FBRT	Franklin BSP Realty	Pair Corr
0.7	CDR-PB	Cedar Realty Trust	Pair Corr
0.61	ELME	Elme Communities	Pair Corr
0.61	AIV	Apartment Investment and	Pair Corr
0.6	ADC	Agree Realty	Pair Corr

Related Correlations Analysis

	ARL	LSEA	FPH	GGE	AXR
ARL		0.49	-0.47	0.0	0.49	ARL
LSEA	0.49		-0.44	0.0	0.82	LSEA
FPH	-0.47	-0.44		0.0	-0.44	FPH
GGE	0.0	0.0	0.0		0.0	GGE
AXR	0.49	0.82	-0.44	0.0		AXR
	ARL	LSEA	FPH	GGE	AXR

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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

AXR	+ 0.82	LSEA
LSEA	+ 0.49	ARL
AXR	+ 0.49	ARL
GGE	+ 0.0	ARL
GGE	+ 0.0	LSEA
GGE	+ 0.0	FPH

High negative correlations

FPH	- 0.47	ARL
AXR	- 0.44	FPH
FPH	- 0.44	LSEA
AXR	- 0.0	GGE
GGE	- 0.0	FPH
GGE	- 0.0	LSEA

Risk-Adjusted Indicators

There is a big difference between Forestar Stock performing well and Forestar 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 Forestar'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
ARL	2.85	(0.06)	0.00	(0.12)	0.00	0.00	5.59	(6.41)	20.93
LSEA	2.71	(0.30)	0.00	(0.27)	0.00	0.00	5.11	(5.14)	27.76
FPH	2.75	0.73	0.24	1.00	2.41	(3.26)	5.34	(5.28)	49.07
GGE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AXR	2.74	(0.65)	0.00	(0.64)	0.00	0.00	4.16	(9.84)	19.00

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