MI Homes Correlations

MHO Stock

USD 128.00 0.16 0.13%

The current 90-days correlation between MI Homes and Green Brick Partners is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MI Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MI Homes moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MI Homes Correlation With Market

Very weak diversification

The correlation between MI Homes and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MI Homes and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MHO Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.

Moving together with MHO Stock

0.66	FLXS	Flexsteel Industries	Pair Corr
0.73	BZH	Beazer Homes USA	Pair Corr
0.9	GRBK	Green Brick Partners	Pair Corr

Moving against MHO Stock

0.5	CASXF	Casa Minerals	Pair Corr
0.47	PBCRY	Bank Central Asia	Pair Corr
0.45	BKRKY	Bank Rakyat	Pair Corr
0.35	PPERY	Bank Mandiri Persero	Pair Corr
0.35	DGWPF	Drgerwerk AG	Pair Corr
0.31	SHG	Shinhan Financial	Pair Corr
0.43	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.41	NAUFF	NevGold Corp	Pair Corr
0.41	GE	GE Aerospace	Pair Corr
0.39	CAT	Caterpillar	Pair Corr
0.32	BAC	Bank of America	Pair Corr
0.32	AXP	American Express	Pair Corr

Related Correlations Analysis

	GRBK	TPH	SKY	KBH	MTH	ANF	HOG	ASO	DFH	CVCO
GRBK		0.76	-0.13	0.66	0.79	-0.1	0.5	0.43	0.77	0.05	GRBK
TPH	0.76		0.37	0.84	0.94	0.23	0.08	0.42	0.32	0.44	TPH
SKY	-0.13	0.37		0.11	0.21	0.69	-0.77	0.08	-0.62	0.89	SKY
KBH	0.66	0.84	0.11		0.85	-0.15	0.34	0.23	0.39	0.17	KBH
MTH	0.79	0.94	0.21	0.85		0.03	0.24	0.37	0.48	0.3	MTH
ANF	-0.1	0.23	0.69	-0.15	0.03		-0.81	0.52	-0.49	0.66	ANF
HOG	0.5	0.08	-0.77	0.34	0.24	-0.81		-0.13	0.81	-0.6	HOG
ASO	0.43	0.42	0.08	0.23	0.37	0.52	-0.13		0.34	0.16	ASO
DFH	0.77	0.32	-0.62	0.39	0.48	-0.49	0.81	0.34		-0.43	DFH
CVCO	0.05	0.44	0.89	0.17	0.3	0.66	-0.6	0.16	-0.43		CVCO
	GRBK	TPH	SKY	KBH	MTH	ANF	HOG	ASO	DFH	CVCO

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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	+ 0.94	TPH
CVCO	+ 0.89	SKY
MTH	+ 0.85	KBH
KBH	+ 0.84	TPH
DFH	+ 0.81	HOG
MTH	+ 0.79	GRBK

High negative correlations

HOG	- 0.81	ANF
HOG	- 0.77	SKY
DFH	- 0.62	SKY
CVCO	- 0.6	HOG
DFH	- 0.49	ANF
CVCO	- 0.43	DFH

Risk-Adjusted Indicators

There is a big difference between MHO Stock performing well and MI Homes 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 MI Homes' 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
GRBK	1.43	(0.36)	0.00	(0.19)	0.00	0.00	3.53	(3.59)	9.56
TPH	1.23	(0.21)	0.00	(0.09)	0.00	0.00	3.03	(2.34)	9.22
SKY	2.15	0.10	0.04	0.17	2.70	(2.55)	5.26	(4.39)	15.39
KBH	1.39	(0.24)	0.00	(0.11)	0.00	0.00	4.30	(2.68)	15.09
MTH	1.40	(0.23)	0.00	(0.09)	0.00	0.00	3.40	(3.27)	9.87
ANF	2.75	0.49	0.22	0.27	2.30	(3.36)	5.43	(3.97)	41.51
HOG	1.45	(0.47)	0.00	(0.99)	0.00	0.00	2.41	(3.63)	9.20
ASO	2.26	(0.04)	0.01	0.05	2.31	(2.59)	4.95	(3.47)	12.15
DFH	1.83	(0.75)	0.00	(0.34)	0.00	0.00	3.60	(4.04)	13.44
CVCO	1.93	(0.03)	(0.01)	0.05	3.39	(1.83)	4.83	(3.15)	13.55

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