PulteGroup Correlations

PHM Stock

USD 128.12 0.06 0.05%

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

PulteGroup Correlation With Market

Average diversification

The correlation between PulteGroup and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PulteGroup and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PulteGroup. 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 PulteGroup Stock, please use our How to Invest in PulteGroup guide.

Moving together with PulteGroup Stock

0.65	VEEE	Twin Vee Powercats	Pair Corr
0.64	VNCE	Vince Holding Corp	Pair Corr
0.75	CCS	Century Communities	Pair Corr
0.83	DFH	Dream Finders Homes Buyout Trend	Pair Corr
0.71	DHI	DR Horton	Pair Corr
0.85	HAS	Hasbro Inc	Pair Corr
0.9	IBP	Installed Building	Pair Corr
0.68	KBH	KB Home Fiscal Year End 8th of January 2025	Pair Corr

Moving against PulteGroup Stock

0.31	VMAR	Vision Marine Techno Fiscal Year End 25th of November 2024	Pair Corr
0.31	FORD	Forward Industries	Pair Corr
0.53	GM	General Motors	Pair Corr
0.47	BH	Biglari Holdings	Pair Corr
0.34	JRSH	Jerash Holdings	Pair Corr
0.32	LULU	Lululemon Athletica	Pair Corr

Related Correlations Analysis

	LEN	KBH	NVR	TOL	DHI	BZH	HOV	MTH	IBP
LEN		0.84	0.69	0.1	0.95	0.38	0.82	0.95	0.71	LEN
KBH	0.84		0.56	0.25	0.75	0.59	0.84	0.93	0.58	KBH
NVR	0.69	0.56		0.62	0.59	0.53	0.31	0.69	0.91	NVR
TOL	0.1	0.25	0.62		-0.12	0.78	-0.15	0.19	0.54	TOL
DHI	0.95	0.75	0.59	-0.12		0.16	0.82	0.89	0.63	DHI
BZH	0.38	0.59	0.53	0.78	0.16		0.22	0.47	0.44	BZH
HOV	0.82	0.84	0.31	-0.15	0.82	0.22		0.85	0.44	HOV
MTH	0.95	0.93	0.69	0.19	0.89	0.47	0.85		0.71	MTH
IBP	0.71	0.58	0.91	0.54	0.63	0.44	0.44	0.71		IBP
	LEN	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

DHI	+ 0.95	LEN
MTH	+ 0.95	LEN
MTH	+ 0.93	KBH
IBP	+ 0.91	NVR
MTH	+ 0.89	DHI
MTH	+ 0.85	HOV

High negative correlations

HOV	- 0.15	TOL
DHI	- 0.12	TOL

Risk-Adjusted Indicators

There is a big difference between PulteGroup Stock performing well and PulteGroup 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 PulteGroup'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
LEN	1.27	(0.10)	0.00	(0.55)	0.00	0.00	2.17	(3.91)	8.84
KBH	1.51	(0.16)	0.00	(0.08)	0.00	0.00	3.05	(3.31)	10.30
NVR	1.11	(0.03)	(0.07)	0.01	1.33	(1.12)	2.09	(1.93)	6.47
TOL	1.30	0.05	0.01	0.16	1.58	(1.36)	3.42	(2.91)	9.12
DHI	1.26	(0.23)	0.00	(0.87)	0.00	0.00	1.97	(3.16)	10.50
BZH	1.70	(0.01)	0.01	0.09	2.15	(1.77)	4.14	(3.93)	12.19
HOV	2.42	(0.29)	0.00	(0.22)	0.00	0.00	4.74	(5.89)	23.00
MTH	1.51	(0.21)	0.00	(0.13)	0.00	0.00	2.81	(4.82)	11.87
IBP	1.93	(0.17)	0.00	(0.03)	0.00	0.00	5.19	(4.50)	14.90

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