Lennar Correlations

LEN Stock

USD 168.07 0.16 0.1%

The current 90-days correlation between Lennar and PulteGroup is 0.9 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lennar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lennar moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lennar Correlation With Market

Significant diversification

The correlation between Lennar and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lennar 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 Lennar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Lennar Stock, please use our How to Invest in Lennar guide.

Moving together with Lennar Stock

0.83	HAS	Hasbro Inc	Pair Corr
0.76	MHO	MI Homes	Pair Corr
0.68	JOUT	Johnson Outdoors Fiscal Year End 13th of December 2024	Pair Corr
0.83	RCKY	Rocky Brands	Pair Corr
0.61	GV	Visionary Education	Pair Corr
0.64	BBY	Best Buy	Pair Corr
0.64	DBI	Designer Brands	Pair Corr
0.74	DIT	AMCON Distributing	Pair Corr

Moving against Lennar Stock

0.68	LB	LandBridge Company	Pair Corr
0.6	EEIQ	Elite Education Group	Pair Corr
0.56	JAKK	JAKKS Pacific	Pair Corr
0.45	WWW	Wolverine World Wide	Pair Corr
0.34	JZ	Jianzhi Education	Pair Corr
0.71	NWL	Newell Brands	Pair Corr
0.68	LRN	Stride Inc	Pair Corr
0.64	UTI	Universal Technical Upward Rally	Pair Corr
0.56	GHC	Graham Holdings	Pair Corr
0.55	BTCTW	BTC Digital	Pair Corr
0.48	ELA	Envela Corp	Pair Corr
0.47	BBW	Build A Bear Earnings Call This Week	Pair Corr
0.47	DAO	Youdao Inc	Pair Corr
0.33	QSG	QuantaSing Group	Pair Corr

Related Correlations Analysis

	PHM	KBH	NVR	TOL	DHI	BZH	HOV	MTH	IBP
PHM		0.67	0.95	0.61	0.69	0.64	0.44	0.79	0.9	PHM
KBH	0.67		0.54	0.27	0.75	0.6	0.84	0.92	0.58	KBH
NVR	0.95	0.54		0.67	0.56	0.58	0.27	0.68	0.91	NVR
TOL	0.61	0.27	0.67		-0.09	0.79	-0.14	0.23	0.57	TOL
DHI	0.69	0.75	0.56	-0.09		0.18	0.82	0.88	0.62	DHI
BZH	0.64	0.6	0.58	0.79	0.18		0.22	0.51	0.47	BZH
HOV	0.44	0.84	0.27	-0.14	0.82	0.22		0.84	0.42	HOV
MTH	0.79	0.92	0.68	0.23	0.88	0.51	0.84		0.71	MTH
IBP	0.9	0.58	0.91	0.57	0.62	0.47	0.42	0.71		IBP
	PHM	KBH	NVR	TOL	DHI	BZH	HOV	MTH	IBP

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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

NVR	+ 0.95	PHM
MTH	+ 0.92	KBH
IBP	+ 0.91	NVR
IBP	+ 0.9	PHM
MTH	+ 0.88	DHI
HOV	+ 0.84	KBH

High negative correlations

HOV	- 0.14	TOL
DHI	- 0.09	TOL

Risk-Adjusted Indicators

There is a big difference between Lennar Stock performing well and Lennar 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 Lennar'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
PHM	1.39	0.01	(0.02)	0.11	1.97	(1.50)	2.94	(3.21)	11.82
KBH	1.55	(0.11)	0.00	(0.03)	0.00	0.00	3.05	(3.31)	10.30
NVR	1.12	0.00	(0.04)	0.09	1.33	(1.13)	2.09	(1.93)	6.47
TOL	1.39	0.14	0.07	0.26	1.46	(1.51)	3.91	(2.91)	9.47
DHI	1.31	(0.16)	0.00	(0.52)	0.00	0.00	2.35	(3.16)	11.06
BZH	1.75	0.06	0.03	0.13	2.10	(1.87)	4.20	(3.93)	12.19
HOV	2.46	(0.24)	0.00	(0.19)	0.00	0.00	4.74	(5.89)	23.00
MTH	1.58	(0.12)	0.00	(0.04)	0.00	0.00	4.09	(4.82)	11.87
IBP	2.00	(0.07)	(0.02)	0.03	2.60	(2.11)	5.26	(4.50)	14.90

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