Landsea Homes Correlations

LSEAW Stock

USD 0.07 0.04 35.36%

The current 90-days correlation between Landsea Homes and Landsea Homes Corp is 0.12 (i.e., Average diversification). The correlation of Landsea Homes 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.

Landsea Homes Correlation With Market

Significant diversification

The correlation between Landsea Homes and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Landsea Homes 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 Landsea Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Landsea Stock please use our How to Invest in Landsea Homes guide.

Moving together with Landsea Stock

0.78	CRI	Carters	Pair Corr
0.64	DHI	DR Horton	Pair Corr
0.74	KTB	Kontoor Brands	Pair Corr
0.65	NVR	NVR Inc	Pair Corr
0.67	WWW	Wolverine World Wide	Pair Corr
0.72	PLAY	Dave Busters Enterta	Pair Corr
0.63	ARMK	Aramark Holdings	Pair Corr
0.67	COOK	Traeger	Pair Corr

Moving against Landsea Stock

0.47	NTNX	Nutanix	Pair Corr
0.33	MAT	Mattel Inc	Pair Corr
0.31	MSB	Mesabi Trust	Pair Corr
0.65	GORO	Gold Resource	Pair Corr
0.55	INVX	Innovex International, Symbol Change	Pair Corr
0.5	KEY-PI	KeyCorp	Pair Corr
0.48	DNCVF	Defiance Silver Corp	Pair Corr
0.48	NVRO	Nevro Corp	Pair Corr
0.46	AXSM	Axsome Therapeutics	Pair Corr
0.45	FWEDF	Fireweed Zinc	Pair Corr
0.41	CDR-PB	Cedar Realty Trust	Pair Corr
0.38	KGC	Kinross Gold Aggressive Push	Pair Corr
0.31	TOI	Oncology Institute Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LSEA	KERNW	BFIIW	THWWW	UKOMW
LSEA		0.0	0.0	0.0	0.03	LSEA
KERNW	0.0		0.0	0.0	0.0	KERNW
BFIIW	0.0	0.0		0.0	0.0	BFIIW
THWWW	0.0	0.0	0.0		0.0	THWWW
UKOMW	0.03	0.0	0.0	0.0		UKOMW
	LSEA	KERNW	BFIIW	THWWW	UKOMW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

UKOMW	+ 0.03	LSEA
KERNW	+ 0.0	LSEA
BFIIW	+ 0.0	LSEA
THWWW	+ 0.0	LSEA
BFIIW	+ 0.0	KERNW
THWWW	+ 0.0	KERNW

High negative correlations

UKOMW	- 0.0	THWWW
UKOMW	- 0.0	BFIIW
THWWW	- 0.0	BFIIW
UKOMW	- 0.0	KERNW
THWWW	- 0.0	KERNW
BFIIW	- 0.0	KERNW

Risk-Adjusted Indicators

There is a big difference between Landsea Stock performing well and Landsea Homes 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 Landsea Homes' 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
LSEA	2.71	(0.30)	0.00	(0.27)	0.00	0.00	5.11	(5.14)	27.76
KERNW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BFIIW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
THWWW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UKOMW	5.43	0.54	0.05	0.30	6.64	(13.25)	24.69	(17.00)	60.89

Landsea Homes Corporate Management

Christopher Porter	Chief Officer	Profile
Kelly Rentzel	General Counsel	Profile
Dilliana CPA	Chief Accounting	Profile
Franco Tenerelli	Chief VP	Profile
Trenton Schreiner	VP Officer	Profile

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