Builders FirstSource Correlations

BLDR Stock

USD 123.46 4.96 3.86%

The current 90-days correlation between Builders FirstSource and Masco is 0.71 (i.e., Poor diversification). The correlation of Builders FirstSource 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.

Builders FirstSource Correlation With Market

Poor diversification

The correlation between Builders FirstSource and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Builders FirstSource and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Builders Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Builders FirstSource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Builders Stock, please use our How to Invest in Builders FirstSource guide.

Moving together with Builders Stock

0.85	OC	Owens Corning Earnings Call This Week	Pair Corr
0.65	APT	Alpha Pro Tech	Pair Corr
0.82	LII	Lennox International	Pair Corr
0.89	MAS	Masco Buyout Trend	Pair Corr
0.79	WMS	Advanced Drainage Systems	Pair Corr
0.68	IIIN	Insteel Industries	Pair Corr
0.64	FORN	Forbo Holding AG	Pair Corr
0.87	THO	Thor Industries	Pair Corr
0.8	SECVY	Seche Environnement	Pair Corr
0.65	APETF	Alpha Esports Tech	Pair Corr
0.79	TFLM	TFLM	Pair Corr
0.8	RILYL	B Riley Financial	Pair Corr
0.76	RCKY	Rocky Brands	Pair Corr
0.63	BNKHF	BOC Hong Kong	Pair Corr
0.68	FIBK	First Interstate Ban	Pair Corr
0.73	ENS	Enersys Earnings Call Today	Pair Corr
0.65	YLLXF	Yellow Cake plc	Pair Corr

Moving against Builders Stock

0.35	IVVD	Invivyd Buyout Trend	Pair Corr
0.46	BROGF	BROGF	Pair Corr
0.38	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	MAS	BLD	CSL	WMS	OC	HII	WCC	STN	LECO	STRL
MAS		0.92	0.95	0.88	0.95	0.8	0.75	0.12	0.9	0.33	MAS
BLD	0.92		0.89	0.9	0.89	0.81	0.87	0.2	0.88	0.49	BLD
CSL	0.95	0.89		0.9	0.95	0.75	0.79	0.2	0.95	0.44	CSL
WMS	0.88	0.9	0.9		0.86	0.64	0.78	0.14	0.89	0.43	WMS
OC	0.95	0.89	0.95	0.86		0.81	0.82	0.04	0.95	0.33	OC
HII	0.8	0.81	0.75	0.64	0.81		0.76	0.19	0.78	0.32	HII
WCC	0.75	0.87	0.79	0.78	0.82	0.76		0.28	0.86	0.59	WCC
STN	0.12	0.2	0.2	0.14	0.04	0.19	0.28		0.09	0.76	STN
LECO	0.9	0.88	0.95	0.89	0.95	0.78	0.86	0.09		0.42	LECO
STRL	0.33	0.49	0.44	0.43	0.33	0.32	0.59	0.76	0.42		STRL
	MAS	BLD	CSL	WMS	OC	HII	WCC	STN	LECO	STRL

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Risk-Adjusted Indicators

There is a big difference between Builders Stock performing well and Builders FirstSource 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 Builders FirstSource'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
MAS	1.50	0.22	0.18	0.24	1.12	(1.98)	3.81	(2.16)	7.82
BLD	1.93	0.30	0.19	0.25	1.56	(2.35)	4.78	(3.27)	10.98
CSL	1.47	0.26	0.17	0.26	1.32	(1.63)	4.24	(2.75)	11.64
WMS	1.50	0.34	0.23	0.46	1.00	(1.73)	3.31	(2.33)	11.59
OC	1.52	0.22	0.16	0.23	1.34	(1.83)	4.56	(2.66)	9.87
HII	1.82	0.29	0.12	0.26	2.28	(1.90)	4.34	(3.03)	16.77
WCC	1.72	0.03	0.04	0.10	2.17	(1.76)	3.54	(3.47)	10.20
STN	1.13	(0.21)	0.00	(0.10)	0.00	0.00	1.96	(2.27)	7.51
LECO	1.29	0.26	0.20	0.25	1.18	(1.51)	3.71	(2.45)	7.77
STRL	2.96	(0.09)	0.00	0.04	4.57	(2.81)	5.34	(6.91)	19.82

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