Forestar Correlations

FOR Stock

USD 24.53 0.02 0.08%

The current 90-days correlation between Forestar Group and KKR Real Estate is 0.34 (i.e., Weak diversification). The correlation of Forestar 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.

Forestar Correlation With Market

Very weak diversification

The correlation between Forestar Group and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forestar Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Forestar Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forestar Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Forestar Stock

0.62

AIF

Altus Group Limited

Pair Corr

Moving against Forestar Stock

0.4	LB	LandBridge Company	Pair Corr
0.34	KW	Kennedy Wilson Holdings	Pair Corr
0.32	002208	Hefei Urban Construction	Pair Corr
0.41	000897	Tianjin Jinbin Devel	Pair Corr

Related Correlations Analysis

	KREF	EFC	ARI	SDHC	IIPR	VRE	LADR	SILA	HOUS	HBNB
KREF		-0.48	0.67	0.2	0.55	0.1	0.48	0.52	-0.15	-0.43	KREF
EFC	-0.48		-0.1	0.42	-0.26	-0.17	0.26	-0.65	0.74	0.83	EFC
ARI	0.67	-0.1		0.38	0.48	0.17	0.58	0.32	0.06	-0.09	ARI
SDHC	0.2	0.42	0.38		0.15	-0.18	0.73	-0.21	0.78	0.59	SDHC
IIPR	0.55	-0.26	0.48	0.15		-0.07	0.33	0.29	-0.22	-0.43	IIPR
VRE	0.1	-0.17	0.17	-0.18	-0.07		0.04	0.52	0.02	0.01	VRE
LADR	0.48	0.26	0.58	0.73	0.33	0.04		0.08	0.57	0.36	LADR
SILA	0.52	-0.65	0.32	-0.21	0.29	0.52	0.08		-0.37	-0.52	SILA
HOUS	-0.15	0.74	0.06	0.78	-0.22	0.02	0.57	-0.37		0.9	HOUS
HBNB	-0.43	0.83	-0.09	0.59	-0.43	0.01	0.36	-0.52	0.9		HBNB
	KREF	EFC	ARI	SDHC	IIPR	VRE	LADR	SILA	HOUS	HBNB

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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

HBNB	+ 0.9	HOUS
HBNB	+ 0.83	EFC
HOUS	+ 0.78	SDHC
HOUS	+ 0.74	EFC
LADR	+ 0.73	SDHC
ARI	+ 0.67	KREF

High negative correlations

SILA	- 0.65	EFC
HBNB	- 0.52	SILA
EFC	- 0.48	KREF
HBNB	- 0.43	IIPR
HBNB	- 0.43	KREF
HOUS	- 0.37	SILA

Risk-Adjusted Indicators

There is a big difference between Forestar Stock performing well and Forestar 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 Forestar'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
KREF	1.13	(0.18)	0.00	(0.12)	0.00	0.00	2.28	(2.65)	5.94
EFC	0.80	0.11	0.06	0.37	0.89	(0.87)	1.47	(1.30)	6.62
ARI	0.99	(0.09)	0.00	(0.06)	0.00	0.00	2.12	(2.01)	5.77
SDHC	2.50	(0.10)	0.00	0.03	3.45	(2.36)	5.10	(5.24)	18.62
IIPR	2.01	(0.13)	0.00	(0.05)	0.00	0.00	4.16	(3.89)	14.65
VRE	1.09	(0.09)	0.00	(0.18)	0.00	0.00	2.24	(2.45)	5.51
LADR	0.85	(0.01)	(0.03)	0.05	1.06	(0.92)	1.73	(1.78)	4.44
SILA	0.96	(0.15)	0.00	(0.26)	0.00	0.00	1.60	(2.05)	5.45
HOUS	2.38	0.42	0.18	0.40	1.85	(2.74)	6.13	(4.11)	14.45
HBNB	4.46	1.42	0.23	0.59	5.01	(4.88)	16.97	(9.49)	41.07

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