TRI Pointe Correlations

TPH Stock

USD 31.41 0.56 1.75%

The current 90-days correlation between TRI Pointe Homes and MI Homes is 0.7 (i.e., Poor diversification). The correlation of TRI Pointe 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.

TRI Pointe Correlation With Market

Weak diversification

The correlation between TRI Pointe Homes and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TRI Pointe Homes 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 TRI Pointe 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 american community survey.

Moving together with TRI Stock

0.83	CRI	Carters	Pair Corr
0.89	DHI	DR Horton	Pair Corr
0.76	KTB	Kontoor Brands	Pair Corr
0.91	NVR	NVR Inc	Pair Corr
0.92	WWW	Wolverine World Wide	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.75	WHR	Whirlpool	Pair Corr
0.76	PLAY	Dave Busters Enterta	Pair Corr
0.84	ARMK	Aramark Holdings	Pair Corr
0.78	COOK	Traeger	Pair Corr

Moving against TRI Stock

0.65	HAS	Hasbro Inc	Pair Corr
0.63	MAT	Mattel Inc	Pair Corr
0.61	MSB	Mesabi Trust	Pair Corr
0.55	NTNX	Nutanix	Pair Corr
0.86	CBYDF	Corby Spirit	Pair Corr
0.84	TCTZF	Tencent Holdings	Pair Corr
0.72	FWEDF	Fireweed Zinc	Pair Corr
0.71	AXSM	Axsome Therapeutics	Pair Corr
0.69	BAOB	Baraboo Bancorporation	Pair Corr
0.68	DNCVF	Defiance Silver Corp	Pair Corr
0.64	GORO	Gold Resource	Pair Corr
0.63	INVX	Innovex International, Symbol Change	Pair Corr
0.63	NVRO	Nevro Corp	Pair Corr
0.55	CDUAF	Canadian Utilities	Pair Corr
0.55	CDR-PB	Cedar Realty Trust	Pair Corr
0.55	RTMVF	Rightmove plc	Pair Corr
0.51	KEY-PI	KeyCorp	Pair Corr
0.47	KGC	Kinross Gold Aggressive Push	Pair Corr
0.44	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.41	MFON	Mobivity Holdings	Pair Corr
0.34	TPII	Triad Pro Innovators	Pair Corr

Related Correlations Analysis

	MHO	BZH	CCS	MTH	TMHC	LGIH	HOV	KBH	LEN	PHM
MHO		0.93	0.81	0.88	0.49	0.88	0.77	0.88	0.97	0.86	MHO
BZH	0.93		0.73	0.82	0.47	0.88	0.78	0.82	0.9	0.8	BZH
CCS	0.81	0.73		0.91	0.75	0.88	0.85	0.94	0.9	0.87	CCS
MTH	0.88	0.82	0.91		0.78	0.88	0.77	0.95	0.92	0.96	MTH
TMHC	0.49	0.47	0.75	0.78		0.65	0.6	0.75	0.58	0.79	TMHC
LGIH	0.88	0.88	0.88	0.88	0.65		0.94	0.94	0.92	0.89	LGIH
HOV	0.77	0.78	0.85	0.77	0.6	0.94		0.85	0.83	0.77	HOV
KBH	0.88	0.82	0.94	0.95	0.75	0.94	0.85		0.95	0.95	KBH
LEN	0.97	0.9	0.9	0.92	0.58	0.92	0.83	0.95		0.9	LEN
PHM	0.86	0.8	0.87	0.96	0.79	0.89	0.77	0.95	0.9		PHM
	MHO	BZH	CCS	MTH	TMHC	LGIH	HOV	KBH	LEN	PHM

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Risk-Adjusted Indicators

There is a big difference between TRI Stock performing well and TRI Pointe 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 TRI Pointe'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
MHO	1.67	(0.35)	(0.46)	2.61	(3.53)	10.34
BZH	2.25	(0.38)	(0.33)	3.76	(3.75)	24.99
CCS	1.73	(0.19)	(0.28)	4.10	(3.25)	8.95
MTH	1.68	(0.22)	(0.28)	2.80	(3.81)	8.89
TMHC	1.57	(0.07)	(0.14)	3.35	(3.18)	8.18
LGIH	1.96	(0.42)	(0.41)	3.32	(4.15)	10.51
HOV	2.56	(0.50)	(1.57)	4.35	(4.91)	23.60
KBH	1.48	(0.20)	(0.32)	3.40	(2.88)	9.30
LEN	1.54	(0.28)	(0.46)	2.76	(3.66)	8.30
PHM	1.51	(0.12)	(0.20)	3.08	(3.76)	8.96

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