TopBuild Corp Correlations

BLD Stock

MXN 8,500 0.00 0.00%

The current 90-days correlation between TopBuild Corp and Vitro SAB de is 0.01 (i.e., Significant diversification). The correlation of TopBuild Corp 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.

TopBuild Corp Correlation With Market

Poor diversification

The correlation between TopBuild Corp and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TopBuild Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TopBuild Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TopBuild Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TopBuild Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TopBuild Corp to buy it.

Moving together with TopBuild Stock

0.63	MLM	Martin Marietta Materials	Pair Corr
0.66	CEMEXCPO	CEMEX SAB de	Pair Corr
0.72	GCC	Grupo Cementos de	Pair Corr
0.88	HON	Honeywell International Earnings Call This Week	Pair Corr
0.68	COP	ConocoPhillips	Pair Corr
0.91	LMT	Lockheed Martin	Pair Corr
0.89	SLBN	Schlumberger Limited	Pair Corr
0.84	CVX	Chevron Corp	Pair Corr
0.81	GENTERA	Gentera SAB de Earnings Call Tomorrow	Pair Corr
0.74	TGT	Target Earnings Call This Week	Pair Corr
0.73	COST	Costco Wholesale	Pair Corr
0.91	MEGACPO	Megacable Holdings	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.75	KIMBERA	Kimberly Clark de	Pair Corr
0.74	TLEVISACPO	Grupo Televisa SAB Earnings Call This Week	Pair Corr
0.74	INTC	Intel	Pair Corr
0.75	PBRN	Petrleo Brasileiro	Pair Corr
0.62	BIDUN	Baidu Inc Earnings Call This Week	Pair Corr
0.86	LEA	Lear	Pair Corr
0.82	AMAT	Applied Materials	Pair Corr
0.84	BAFARB	Grupo Bafar SAB	Pair Corr

Moving against TopBuild Stock

0.77	SNYN	Sanofi	Pair Corr
0.69	UNH	UnitedHealth Group	Pair Corr
0.65	LAMOSA	Grupo Lamosa SAB	Pair Corr
0.35	TMO	Thermo Fisher Scientific	Pair Corr
0.33	POSADASA	Grupo Posadas SAB	Pair Corr

Related Correlations Analysis

	CMOCTEZ	GCC	VITROA	SIMECB	ICHB	ORBIA	AUTLANB	POCHTECB	ALPEKA
CMOCTEZ		0.49	0.02	0.29	0.39	0.27	0.52	-0.39	0.12	CMOCTEZ
GCC	0.49		-0.23	0.24	0.32	0.68	0.4	-0.43	-0.15	GCC
VITROA	0.02	-0.23		-0.15	-0.27	-0.18	-0.15	0.31	0.11	VITROA
SIMECB	0.29	0.24	-0.15		0.33	-0.03	0.34	-0.16	0.21	SIMECB
ICHB	0.39	0.32	-0.27	0.33		0.42	0.38	-0.7	0.25	ICHB
ORBIA	0.27	0.68	-0.18	-0.03	0.42		0.24	-0.57	-0.27	ORBIA
AUTLANB	0.52	0.4	-0.15	0.34	0.38	0.24		-0.32	-0.17	AUTLANB
POCHTECB	-0.39	-0.43	0.31	-0.16	-0.7	-0.57	-0.32		0.03	POCHTECB
ALPEKA	0.12	-0.15	0.11	0.21	0.25	-0.27	-0.17	0.03		ALPEKA
	CMOCTEZ	GCC	VITROA	SIMECB	ICHB	ORBIA	AUTLANB	POCHTECB	ALPEKA

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

ORBIA	+ 0.68	GCC
AUTLANB	+ 0.52	CMOCTEZ
GCC	+ 0.49	CMOCTEZ
ORBIA	+ 0.42	ICHB
AUTLANB	+ 0.4	GCC
ICHB	+ 0.39	CMOCTEZ

High negative correlations

POCHTECB	- 0.7	ICHB
POCHTECB	- 0.57	ORBIA
POCHTECB	- 0.43	GCC
POCHTECB	- 0.39	CMOCTEZ
POCHTECB	- 0.32	AUTLANB
ALPEKA	- 0.27	ORBIA

Risk-Adjusted Indicators

There is a big difference between TopBuild Stock performing well and TopBuild Corp 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 TopBuild Corp'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMOCTEZ	0.53	0.08	0.00	(0.45)	0.57	(2.03)	2.47	(1.23)	5.83
GCC	1.43	0.23	0.10	(1.48)	1.34	(1.79)	3.76	(2.76)	8.66
VITROA	0.45	(0.10)	0.00	4.50	0.00	0.00	0.85	(2.10)	5.98
SIMECB	0.23	0.00	(0.05)	(0.11)	0.45	(0.68)	1.16	(1.34)	3.31
ICHB	0.65	0.04	(0.01)	0.43	0.80	(1.03)	1.69	(1.76)	6.41
ORBIA	1.68	0.13	0.05	0.40	1.86	(2.08)	4.82	(3.73)	8.72
AUTLANB	1.23	0.10	0.02	1.09	1.64	(1.39)	3.12	(2.86)	10.10
POCHTECB	0.10	(0.02)	0.00	1.98	0.00	0.00	0.16	(0.32)	1.12
ALPEKA	1.78	(0.07)	0.00	(1.59)	0.00	0.00	4.48	(4.08)	14.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in TopBuild Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Odds Of Bankruptcy Now

Odds Of Bankruptcy

Get analysis of equity chance of financial distress in the next 2 years

All Next

Launch Module

TopBuild Corp Corporate Management

Elected by the shareholders, the TopBuild Corp's board of directors comprises two types of representatives: TopBuild Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TopBuild. The board's role is to monitor TopBuild Corp's management team and ensure that shareholders' interests are well served. TopBuild Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TopBuild Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert Franklin	Pres Distribution	Profile
Tabitha Zane	Investor Relations	Profile
Carrie Wood	Chief VP	Profile
Jennifer Shoffner	Chief Officer	Profile
Joseph Viselli	VP COO	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

2026 Macroaxis LLC