KB Home Correlations

Stocks . USA . 
Stock . KB Home
KBH Stock  USD 60.26  0.35  0.58%   
The current 90-days correlation between KB Home and Toll Brothers is 0.85 (i.e., Very poor 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.

KB Home Correlation With Market

Weak diversification

The correlation between KB Home 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 KB Home and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KB Home. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more detail on how to invest in KBH Stock please use our How to Invest in KB Home guide.

Moving together with KBH Stock

  0.92BC BrunswickPairCorr
  0.9UA Under Armour CPairCorr
  0.68DOOO BRP IncPairCorr
  0.63VMAR Vision Marine TechnoPairCorr
  0.69EZGO EZGO TechnologiesPairCorr
  0.88BLD Topbuild CorpPairCorr
  0.84BZH Beazer Homes USAPairCorr
  0.96CCS Century CommunitiesPairCorr
  0.68FOSL Fossil GroupPairCorr
  0.61CRI CartersPairCorr
  0.78DFH Dream Finders HomesPairCorr
  0.94DHI DR HortonPairCorr
  0.63DTC Solo BrandsPairCorr
  0.69HBI HanesbrandsPairCorr
  0.91HOV Hovnanian EnterprisesPairCorr
  0.75HWH HWH InternationalPairCorr
  0.87IBP Installed BuildingPairCorr
  0.97LEN LennarPairCorr
  0.91MHO MI HomesPairCorr
  0.82MPX Marine ProductsPairCorr
  0.97MTH MeritagePairCorr

Moving against KBH Stock

  0.38RL Ralph Lauren CorpPairCorr
  0.6TPR TapestryPairCorr
  0.41MAT Mattel IncPairCorr
  0.39RGR Sturm RugerPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DHI  1.62 (0.25) 0.00 (0.45) 0.00 
 0.00 
 3.04 
(3.12)
 8.43 
PHM  1.55 (0.20) 0.00 (0.32) 0.00 
 0.00 
 3.08 
(3.76)
 8.95 
TOL  1.81 (0.42) 0.00 (0.44) 0.00 
 0.00 
 3.59 
(5.28)
 10.25 
NVR  1.26 (0.25) 0.00 (0.51) 0.00 
 0.00 
 2.22 
(2.97)
 6.86 
LEN  1.60 (0.35) 0.00 (0.61) 0.00 
 0.00 
 2.76 
(3.66)
 8.30 
HOV  2.53 (0.44) 0.00 (0.37) 0.00 
 0.00 
 4.35 
(4.91)
 23.60 
TMHC  1.56 (0.12) 0.00 (0.23) 0.00 
 0.00 
 3.35 
(3.18)
 8.18 
MHO  1.66 (0.35) 0.00 (0.50) 0.00 
 0.00 
 2.61 
(3.53)
 10.34 
CCS  1.73 (0.25) 0.00 (0.38) 0.00 
 0.00 
 4.10 
(3.25)
 8.95 
BZH  2.24 (0.41) 0.00 (0.39) 0.00 
 0.00 
 3.76 
(3.75)
 24.99 

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