Toll Brothers Correlations

TOL Stock

USD 107.17 0.14 0.13%

The current 90-days correlation between Toll Brothers and KB Home is 0.87 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Toll Brothers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toll Brothers moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Toll Brothers Correlation With Market

Very weak diversification

The correlation between Toll Brothers and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toll Brothers and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toll Brothers. 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.

For more information on how to buy Toll Stock please use our How to buy in Toll Stock guide.

Moving together with Toll Stock

0.66	FORD	Forward Industries	Pair Corr
0.84	CRI	Carters	Pair Corr
0.86	DHI	DR Horton	Pair Corr
0.86	KTB	Kontoor Brands	Pair Corr
0.84	NVR	NVR Inc	Pair Corr
0.94	WWW	Wolverine World Wide	Pair Corr
0.85	HD	Home Depot	Pair Corr
0.79	WHR	Whirlpool	Pair Corr
0.8	PLAY	Dave Busters Enterta	Pair Corr
0.7	PRPL	Purple Innovation	Pair Corr
0.9	ARMK	Aramark Holdings	Pair Corr
0.78	COOK	Traeger	Pair Corr

Moving against Toll Stock

0.56	HAS	Hasbro Inc	Pair Corr
0.56	MAT	Mattel Inc	Pair Corr
0.44	MSB	Mesabi Trust	Pair Corr
0.44	NTNX	Nutanix	Pair Corr
0.88	TCTZF	Tencent Holdings Downward Rally	Pair Corr
0.86	CBYDF	Corby Spirit	Pair Corr
0.69	FWEDF	Fireweed Zinc	Pair Corr
0.61	AXSM	Axsome Therapeutics	Pair Corr
0.59	CDUAF	Canadian Utilities	Pair Corr
0.59	GORO	Gold Resource	Pair Corr
0.59	DNCVF	Defiance Silver Corp	Pair Corr
0.57	BAOB	Baraboo Bancorporation	Pair Corr
0.54	NVRO	Nevro Corp	Pair Corr
0.53	INVX	Innovex International, Symbol Change	Pair Corr
0.52	CDR-PB	Cedar Realty Trust	Pair Corr
0.39	MFON	Mobivity Holdings	Pair Corr
0.39	KEY-PI	KeyCorp	Pair Corr
0.31	KGC	Kinross Gold Aggressive Push	Pair Corr

Related Correlations Analysis

	DHI	LEN	KBH	NVR	PHM	BZH	HOV	MHO	TMHC
DHI		0.94	0.94	0.97	0.96	0.86	0.82	0.91	0.66	DHI
LEN	0.94		0.95	0.93	0.91	0.9	0.85	0.97	0.61	LEN
KBH	0.94	0.95		0.9	0.96	0.83	0.9	0.89	0.77	KBH
NVR	0.97	0.93	0.9		0.91	0.9	0.83	0.94	0.54	NVR
PHM	0.96	0.91	0.96	0.91		0.82	0.84	0.87	0.8	PHM
BZH	0.86	0.9	0.83	0.9	0.82		0.82	0.94	0.5	BZH
HOV	0.82	0.85	0.9	0.83	0.84	0.82		0.8	0.68	HOV
MHO	0.91	0.97	0.89	0.94	0.87	0.94	0.8		0.52	MHO
TMHC	0.66	0.61	0.77	0.54	0.8	0.5	0.68	0.52		TMHC
	DHI	LEN	KBH	NVR	PHM	BZH	HOV	MHO	TMHC

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Risk-Adjusted Indicators

There is a big difference between Toll Stock performing well and Toll Brothers 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 Toll Brothers' 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
DHI	1.59	(0.18)	(0.33)	3.04	(3.12)	8.43
LEN	1.56	(0.30)	(0.49)	2.76	(3.66)	8.30
KBH	1.49	(0.21)	(0.33)	3.40	(2.88)	9.30
NVR	1.21	(0.25)	(0.46)	2.22	(2.97)	6.86
PHM	1.51	(0.14)	(0.22)	3.08	(3.76)	8.96
BZH	2.26	(0.39)	(0.33)	3.76	(3.75)	24.99
HOV	2.56	(0.40)	(0.30)	4.35	(4.91)	23.60
MHO	1.66	(0.36)	(0.48)	2.61	(3.53)	10.34
TMHC	1.56	(0.09)	(0.16)	3.35	(3.18)	8.18

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