Lennar Correlations

LEN Stock

USD 118.96 0.86 0.73%

The current 90-days correlation between Lennar and PulteGroup is 0.88 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lennar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lennar moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lennar Correlation With Market

Weak diversification

The correlation between Lennar and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lennar 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 Lennar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Lennar Stock, please use our How to Invest in Lennar guide.

Moving together with Lennar Stock

0.9	BC	Brunswick	Pair Corr
0.93	UA	Under Armour C	Pair Corr
0.65	DOGZ	Dogness International	Pair Corr
0.74	DOOO	BRP Inc	Pair Corr
0.66	VMAR	Vision Marine Techno	Pair Corr
0.79	EZGO	EZGO Technologies	Pair Corr
0.79	BLD	Topbuild Corp	Pair Corr
0.91	BZH	Beazer Homes USA	Pair Corr
0.94	CCS	Century Communities	Pair Corr
0.7	FOSL	Fossil Group	Pair Corr
0.64	CRI	Carters	Pair Corr
0.82	DFH	Dream Finders Homes	Pair Corr
0.95	DHI	DR Horton	Pair Corr
0.66	DTC	Solo Brands	Pair Corr
0.72	HBI	Hanesbrands	Pair Corr
0.88	HOV	Hovnanian Enterprises	Pair Corr
0.79	HWH	HWH International	Pair Corr
0.8	IBP	Installed Building	Pair Corr
0.97	KBH	KB Home Earnings Call Tomorrow	Pair Corr
0.98	MHO	MI Homes	Pair Corr
0.61	MOV	Movado Group Earnings Call This Week	Pair Corr
0.81	MPX	Marine Products	Pair Corr
0.95	MTH	Meritage	Pair Corr

Moving against Lennar Stock

0.49	RL	Ralph Lauren Corp	Pair Corr
0.36	AS	Amer Sports,	Pair Corr
0.36	GIL	Gildan Activewear	Pair Corr
0.7	TPR	Tapestry	Pair Corr
0.51	MAT	Mattel Inc	Pair Corr
0.38	RGR	Sturm Ruger	Pair Corr

Related Correlations Analysis

	PHM	KBH	NVR	TOL	DHI	BZH	HOV	MTH	IBP
PHM		0.97	0.92	0.91	0.97	0.85	0.88	0.97	0.93	PHM
KBH	0.97		0.89	0.89	0.94	0.84	0.91	0.97	0.87	KBH
NVR	0.92	0.89		0.87	0.97	0.91	0.86	0.89	0.78	NVR
TOL	0.91	0.89	0.87		0.89	0.76	0.91	0.85	0.89	TOL
DHI	0.97	0.94	0.97	0.89		0.88	0.86	0.95	0.86	DHI
BZH	0.85	0.84	0.91	0.76	0.88		0.85	0.85	0.66	BZH
HOV	0.88	0.91	0.86	0.91	0.86	0.85		0.86	0.81	HOV
MTH	0.97	0.97	0.89	0.85	0.95	0.85	0.86		0.89	MTH
IBP	0.93	0.87	0.78	0.89	0.86	0.66	0.81	0.89		IBP
	PHM	KBH	NVR	TOL	DHI	BZH	HOV	MTH	IBP

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Risk-Adjusted Indicators

There is a big difference between Lennar Stock performing well and Lennar 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 Lennar'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
PHM	1.55	(0.20)	(0.32)	3.08	(3.76)	8.95
KBH	1.56	(0.29)	(0.46)	3.40	(3.29)	9.30
NVR	1.26	(0.25)	(0.51)	2.22	(2.97)	6.86
TOL	1.81	(0.42)	(0.44)	3.59	(5.28)	10.25
DHI	1.62	(0.25)	(0.45)	3.04	(3.12)	8.43
BZH	2.24	(0.41)	(0.39)	3.76	(3.75)	24.99
HOV	2.53	(0.44)	(0.37)	4.35	(4.91)	23.60
MTH	1.72	(0.24)	(0.35)	3.21	(3.81)	8.89
IBP	1.86	(0.17)	(0.24)	3.74	(4.87)	12.76

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