Green Brick Correlations

GRBK Stock

USD 74.75 4.08 5.77%

The current 90-days correlation between Green Brick Partners and Taylor Morn Home is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Green Brick moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Green Brick Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Green Brick Correlation With Market

Very weak diversification

The correlation between Green Brick Partners and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Brick Partners and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Brick Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Green Stock

0.92	CCS	Century Communities	Pair Corr
0.75	CRI	Carters	Pair Corr
0.87	DFH	Dream Finders Homes	Pair Corr
0.89	DHI	DR Horton	Pair Corr
0.63	DTC	Solo Brands	Pair Corr
0.9	HAS	Hasbro Inc	Pair Corr
0.77	HOV	Hovnanian Enterprises Earnings Call This Week	Pair Corr
0.83	IBP	Installed Building	Pair Corr
0.75	KBH	KB Home Fiscal Year End 8th of January 2025	Pair Corr
0.65	BRLT	Brilliant Earth Group	Pair Corr
0.65	CTHR	Charles Colvard	Pair Corr

Moving against Green Stock

0.51	DOGZ	Dogness International Downward Rally	Pair Corr
0.45	VSTO	Vista Outdoor	Pair Corr
0.44	AS	Amer Sports, Trending	Pair Corr
0.44	GIL	Gildan Activewear	Pair Corr
0.4	HBI	Hanesbrands	Pair Corr
0.35	ESCA	Escalade Incorporated	Pair Corr
0.34	RL	Ralph Lauren Corp	Pair Corr
0.34	FORD	Forward Industries	Pair Corr
0.71	GM	General Motors Aggressive Push	Pair Corr
0.61	LULU	Lululemon Athletica	Pair Corr
0.59	BH	Biglari Holdings	Pair Corr
0.57	JRSH	Jerash Holdings	Pair Corr
0.4	GT	Goodyear Tire Rubber	Pair Corr
0.34	JZ	Jianzhi Education	Pair Corr

Related Correlations Analysis

	TMHC	CCS	BZH	MTH	TPH	MHO	LGIH	KBH	LEGH
TMHC		-0.11	0.75	0.1	0.16	0.46	0.34	0.31	0.3	TMHC
CCS	-0.11		0.27	0.96	0.86	0.73	0.84	0.85	0.72	CCS
BZH	0.75	0.27		0.43	0.51	0.68	0.63	0.58	0.57	BZH
MTH	0.1	0.96	0.43		0.9	0.84	0.92	0.92	0.81	MTH
TPH	0.16	0.86	0.51	0.9		0.86	0.85	0.84	0.73	TPH
MHO	0.46	0.73	0.68	0.84	0.86		0.9	0.81	0.73	MHO
LGIH	0.34	0.84	0.63	0.92	0.85	0.9		0.9	0.84	LGIH
KBH	0.31	0.85	0.58	0.92	0.84	0.81	0.9		0.87	KBH
LEGH	0.3	0.72	0.57	0.81	0.73	0.73	0.84	0.87		LEGH
	TMHC	CCS	BZH	MTH	TPH	MHO	LGIH	KBH	LEGH

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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

MTH	+ 0.96	CCS
LGIH	+ 0.92	MTH
KBH	+ 0.92	MTH
TPH	+ 0.9	MTH
LGIH	+ 0.9	MHO
KBH	+ 0.9	LGIH

High negative correlations

CCS

- 0.11

TMHC

Risk-Adjusted Indicators

There is a big difference between Green Stock performing well and Green Brick 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 Green Brick'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
TMHC	1.40	0.05	0.01	0.19	1.68	(1.54)	3.10	(2.82)	9.84
CCS	1.60	(0.22)	0.00	(0.15)	0.00	0.00	3.41	(3.86)	10.68
BZH	1.75	0.01	0.02	0.12	2.10	(1.87)	4.14	(3.93)	12.19
MTH	1.55	(0.17)	0.00	(0.06)	0.00	0.00	3.80	(4.82)	10.57
TPH	1.33	(0.16)	0.00	(0.03)	0.00	0.00	2.86	(3.19)	8.57
MHO	1.67	(0.07)	(0.02)	0.06	2.39	(1.61)	3.69	(4.24)	10.66
LGIH	1.68	(0.14)	(0.06)	0.00	2.01	(1.99)	4.12	(3.56)	11.93
KBH	1.57	(0.11)	(0.06)	0.00	2.03	(1.68)	3.05	(3.31)	10.10
LEGH	1.46	(0.26)	0.00	(0.04)	0.00	0.00	3.64	(2.95)	8.97

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