United Homes Correlations
| UHG Stock | 3.39 0.19 5.31% |
The current 90-days correlation between United Homes Group and The Joint Corp is -0.06 (i.e., Good diversification). The correlation of United 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.
United Homes Correlation With Market
Good diversification
The correlation between United Homes Group and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Homes Group and DJI in the same portfolio, assuming nothing else is changed.
United |
Moving together with United Stock
| 0.68 | ECG | Everus Construction | PairCorr |
| 0.85 | LEN | Lennar | PairCorr |
| 0.8 | NVR | NVR Inc | PairCorr |
| 0.8 | PHM | PulteGroup | PairCorr |
| 0.9 | TOL | Toll Brothers | PairCorr |
| 0.61 | TPH | TRI Pointe Homes | PairCorr |
| 0.88 | H | Hyatt Hotels | PairCorr |
Moving against United Stock
| 0.4 | GRBK-PA | Green Brick Partners | PairCorr |
| 0.37 | DFH | Dream Finders Homes | PairCorr |
| 0.43 | CVCO | Cavco Industries | PairCorr |
| 0.54 | LI | Li Auto | PairCorr |
| 0.4 | JD | JD Inc Adr | PairCorr |
| 0.31 | EM | Smart Share Global | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ELTTF | ||
| 0.0 | 0.68 | 0.52 | 0.24 | 0.65 | 0.77 | KLAC | ||
| 0.0 | 0.68 | 0.36 | 0.06 | 0.35 | 0.68 | QRVO | ||
| 0.0 | 0.52 | 0.36 | 0.22 | 0.28 | 0.51 | ENTG | ||
| 0.0 | 0.24 | 0.06 | 0.22 | 0.02 | -0.02 | ADI | ||
| 0.0 | 0.65 | 0.35 | 0.28 | 0.02 | 0.62 | JYNT | ||
| 0.0 | 0.77 | 0.68 | 0.51 | -0.02 | 0.62 | MMSI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between United Stock performing well and United 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 United 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELTTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KLAC | 1.69 | 0.21 | 0.08 | 0.12 | 2.33 | 4.13 | 11.35 | |||
| QRVO | 1.84 | 0.18 | 0.06 | 0.05 | 2.15 | 4.00 | 19.23 | |||
| ENTG | 2.03 | (0.06) | 0.00 | (0.12) | 0.00 | 3.84 | 11.25 | |||
| ADI | 1.60 | 0.02 | 0.00 | (0.05) | 0.00 | 2.52 | 13.98 | |||
| JYNT | 1.64 | 0.29 | 0.18 | 0.27 | 1.41 | 4.55 | 9.99 | |||
| MMSI | 1.22 | 0.05 | 0.00 | (0.01) | 0.00 | 2.91 | 7.42 |
United Homes Corporate Management
| Allen Hutto | VP Affairs | Profile | |
| Pennington Nieri | CoExecutive Services | Profile | |
| Dan Goldstein | Executive Finance | Profile | |
| Shelton Twine | Chief Officer | Profile | |
| Keith Feldman | Chief Officer | Profile |