KB HOME Correlations

KBH Stock   55.00  1.50  2.65%   
The current 90-days correlation between KB HOME and Norwegian Air Shuttle is 0.11 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

KB HOME Correlation With Market

Significant diversification

The correlation between KB HOME 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 KB HOME and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to KB HOME could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KB HOME 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 KB HOME - 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 KB HOME to buy it.

Moving together with KBH Stock

  0.86MSF MicrosoftPairCorr
  0.85MSF MicrosoftPairCorr
  0.85MSF MicrosoftPairCorr
  0.85MSF MicrosoftPairCorr
  0.85MSF MicrosoftPairCorr
  0.79AMZ Amazon IncPairCorr
  0.81PQ9 PT Bank MandiriPairCorr
  0.86PQ9 BANK MANDIRIPairCorr
  0.88PQ9 BANK MANDIRIPairCorr
  0.78PQ9 BANK MANDIRIPairCorr
  0.61BYRA BANK RAKYAT INDPairCorr
  0.8BYRA BANK RAKYAT INDPairCorr
  0.82BZG2 BANK CENTRAL ASIAPairCorr
  0.79BZG2 BANK CENTRAL ASIAPairCorr
  0.66DBPD Xtrackers ShortDAXPairCorr

Moving against KBH Stock

  0.62DBPE Xtrackers LevDAXPairCorr
  0.49E908 Lyxor 1PairCorr

Related Correlations Analysis

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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   
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AILANWC
AILA2U0
RY4C2U0
  
High negative correlations   
2U0WB2
2U096W
AILA9M5
AILAWB2
WB2NWC
AILA96W

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in KB HOME 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.

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