KB Home Correlations
| KBH Stock | MXN 1,010 0.00 0.00% |
The current 90-days correlation between KB Home and Take Two Interactive Software is -0.03 (i.e., Good diversification). The correlation of KB Home 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.
KB Home Correlation With Market
Pay attention - limited upside
The correlation between KB Home and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KB Home and DJI in the same portfolio, assuming nothing else is changed.
KBH |
The ability to find closely correlated positions to KB Home could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KB Home 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 KB Home - 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 KB Home to buy it.
Moving together with KBH Stock
Moving against KBH Stock
| 0.9 | KUOB | Grupo KUO SAB | PairCorr |
| 0.86 | MU | Micron Technology | PairCorr |
| 0.83 | BA | Boeing | PairCorr |
| 0.78 | FIBRAMQ12 | FIBRA Macquarie Mxico | PairCorr |
| 0.75 | FIBRAPL14 | FIBRA Prologis Split | PairCorr |
| 0.74 | BNS | Bank of Nova Scotia | PairCorr |
| 0.72 | GIGANTE | Grupo Gigante S | PairCorr |
| 0.68 | CELH | Celsius Holdings Earnings Call Tomorrow | PairCorr |
| 0.68 | UPS | United Parcel Service | PairCorr |
| 0.65 | HON | Honeywell International Earnings Call This Week | PairCorr |
| 0.62 | GS | Goldman Sachs | PairCorr |
| 0.6 | PINFRA | Promotora y Operadora | PairCorr |
| 0.6 | DLTR | Dollar Tree | PairCorr |
| 0.56 | EL | Este Lauder | PairCorr |
| 0.55 | BIMBOA | Grupo Bimbo SAB Earnings Call Tomorrow | PairCorr |
| 0.54 | KIMBERA | Kimberly Clark de | PairCorr |
| 0.5 | FPLUS16 | Fibra Plus | PairCorr |
| 0.45 | STLD | Steel Dynamics | PairCorr |
| 0.44 | PHM | PulteGroup | PairCorr |
| 0.42 | BBAJIOO | Banco del Bajo | PairCorr |
| 0.33 | MLM | Martin Marietta Materials | PairCorr |
| 0.87 | GBMO | Corporativo GBM SAB | PairCorr |
| 0.87 | FSHOP13 | Fibra Shop | PairCorr |
| 0.84 | VINTE | Vinte Viviendas Inte | PairCorr |
| 0.79 | INGN | ING Groep NV | PairCorr |
| 0.78 | GMEXICOB | Grupo Mxico SAB | PairCorr |
| 0.77 | TGT | Target Earnings Call This Week | PairCorr |
| 0.76 | CMOCTEZ | Corporacin Moctezuma SAB | PairCorr |
| 0.74 | KOFUBL | Coca Cola FEMSA | PairCorr |
| 0.73 | TSMN | Taiwan Semiconductor | PairCorr |
| 0.72 | AC | Arca Continental SAB | PairCorr |
| 0.72 | MNST | Monster Beverage Corp Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| -0.76 | -0.15 | 0.0 | 0.11 | 0.21 | MUX | ||
| -0.76 | 0.18 | 0.0 | -0.13 | -0.47 | TTWO | ||
| -0.15 | 0.18 | 0.0 | -0.01 | -0.14 | DXC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HOMEX | ||
| 0.11 | -0.13 | -0.01 | 0.0 | 0.53 | EDUN | ||
| 0.21 | -0.47 | -0.14 | 0.0 | 0.53 | SIGMAFA | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between KBH Stock performing well and KB Home 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 KB Home'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MUX | 1.83 | 0.65 | 0.00 | 1.00 | 0.00 | 7.06 | 33.39 | |||
| TTWO | 1.37 | (0.38) | 0.00 | (0.61) | 0.00 | 3.38 | 13.02 | |||
| DXC | 0.23 | (0.12) | 0.00 | 0.96 | 0.00 | 0.00 | 0.00 | |||
| HOMEX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EDUN | 0.18 | (0.02) | 0.00 | (3.53) | 0.00 | 0.00 | 5.58 | |||
| SIGMAFA | 1.20 | 0.28 | 0.20 | 0.91 | 0.74 | 3.36 | 5.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in KB Home 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 Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |
KB Home Corporate Management
Elected by the shareholders, the KB Home's board of directors comprises two types of representatives: KB Home inside directors who are chosen from within the company, and outside directors, selected externally and held independent of KBH. The board's role is to monitor KB Home's management team and ensure that shareholders' interests are well served. KB Home'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, KB Home's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brian Woram | Executive VP and General Counsel | Profile | |
| Amit Desai | VP Officer | Profile | |
| Dan Bridleman | Technology Sustainability | Profile | |
| Robert McGibney | Ex COO | Profile |