KB Home Correlations

Stocks . USA . 
Stock . KB Home
KBH Stock  USD 50.90  0.50  0.97%   
The current 90-days correlation between KB Home and Toll Brothers is 0.84 (i.e., Very poor 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.

KB Home Correlation With Market

KBHDowDiversified AwayKBHDowDiversified Away100%

Weak diversification

The correlation between KB Home and DJI is 0.38 (i.e., Weak diversification) 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KB Home. 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.
For more detail on how to invest in KBH Stock please use our How to Invest in KB Home guide.

Moving together with KBH Stock

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  0.68UA Under Armour CPairCorr
  0.73VEEE Twin Vee PowercatsPairCorr
  0.79VMAR Vision Marine TechnoPairCorr
  0.76VUZI Vuzix Corp CmnPairCorr
  0.75WLDS Wearable Devices Tech BoostPairCorr
  0.87EZGO EZGO TechnologiesPairCorr
  0.69FEBO Fenbo HoldingsPairCorr
  0.77BLD Topbuild CorpPairCorr
  0.85CCS Century CommunitiesPairCorr
  0.85CRI CartersPairCorr
  0.9DHI DR Horton Earnings Call This WeekPairCorr
  0.84DTC Solo BrandsPairCorr
  0.67GIL Gildan ActivewearPairCorr
  0.9HBI HanesbrandsPairCorr
  0.88HOV Hovnanian EnterprisesPairCorr
  0.82HWH HWH InternationalPairCorr
  0.76IBP Installed BuildingPairCorr
  0.97LEN LennarPairCorr
  0.67MHO MI HomesPairCorr
  0.84MOV Movado GroupPairCorr
  0.85MPX Marine ProductsPairCorr
  0.8MSN Emerson RadioPairCorr
  0.95MTH MeritagePairCorr
  0.7NKE Nike IncPairCorr

Moving against KBH Stock

  0.62VOXX VOXX InternationalPairCorr
  0.58RGR Sturm RugerPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DHI  1.88 (0.16) 0.00 (0.39) 0.00 
 0.00 
 3.55 
(4.42)
 10.07 
PHM  1.84 (0.15) 0.00 (0.29) 0.00 
 0.00 
 3.57 
(4.07)
 11.19 
TOL  1.99 (0.37) 0.00 (0.51) 0.00 
 0.00 
 3.66 
(5.87)
 11.81 
NVR  1.52 (0.11) 0.00 (0.29) 0.00 
 0.00 
 2.92 
(3.48)
 9.15 
LEN  1.86 (0.22) 0.00 (0.40) 0.00 
 0.00 
 3.37 
(3.85)
 10.40 
HOV  3.19 (0.28) 0.00 (0.36) 0.00 
 0.00 
 6.65 
(7.97)
 23.61 
TMHC  1.80 (0.07) 0.00 (0.17) 0.00 
 0.00 
 3.35 
(4.43)
 11.58 
MHO  1.88 (0.19) 0.00 (0.36) 0.00 
 0.00 
 4.30 
(4.44)
 11.01 
CCS  2.06 (0.20) 0.00 (0.38) 0.00 
 0.00 
 4.40 
(4.34)
 12.37 
BZH  2.83 (0.49) 0.00  1.72  0.00 
 0.00 
 4.99 
(5.82)
 24.99 

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