Forestar Correlations

FOR Stock

USD 29.06 0.29 1.01%

The current 90-days correlation between Forestar Group and Landsea Homes Corp is 0.53 (i.e., Very 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 0.46 (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.

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 persons.

Moving together with Forestar Stock

0.63	CKX	CKX Lands	Pair Corr
0.67	SQFT	Presidio Property Trust	Pair Corr
0.8	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.65	ADC-PA	Agree Realty	Pair Corr
0.67	VNO-PL	Vornado Realty Trust	Pair Corr

Moving against Forestar Stock

0.43	CBL	CBL Associates Properties	Pair Corr
0.33	DOUG	Douglas Elliman	Pair Corr
0.52	ACR	Acres Commercial Realty	Pair Corr
0.44	EMITF	Elbit Imaging	Pair Corr
0.44	AHT	Ashford Hospitality Trust	Pair Corr

Related Correlations Analysis

	ARL	LSEA	FPH	GGE	AXR
ARL		0.7	-0.65	0.77	-0.64	ARL
LSEA	0.7		-0.39	0.56	-0.43	LSEA
FPH	-0.65	-0.39		-0.63	0.64	FPH
GGE	0.77	0.56	-0.63		-0.89	GGE
AXR	-0.64	-0.43	0.64	-0.89		AXR
	ARL	LSEA	FPH	GGE	AXR

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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

GGE	+ 0.77	ARL
LSEA	+ 0.7	ARL
AXR	+ 0.64	FPH
GGE	+ 0.56	LSEA

High negative correlations

AXR	- 0.89	GGE
FPH	- 0.65	ARL
AXR	- 0.64	ARL
GGE	- 0.63	FPH
AXR	- 0.43	LSEA
FPH	- 0.39	LSEA

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
ARL	2.71	(0.27)	0.00	(0.02)	0.00	0.00	4.97	(5.49)	16.57
LSEA	2.16	(0.09)	0.00	(0.10)	0.00	0.00	6.12	(4.24)	18.86
FPH	1.90	0.43	0.13	(0.83)	1.62	(2.54)	5.22	(3.30)	17.26
GGE	2.47	(0.55)	0.00	(0.66)	0.00	0.00	4.65	(6.08)	13.38
AXR	2.51	0.72	0.30	1.21	1.76	(3.14)	8.28	(3.91)	23.30

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