Toll Brothers Correlations

TOL Stock

USD 135.16 0.85 0.63%

The current 90-days correlation between Toll Brothers and KB Home is 0.91 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Toll Brothers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toll Brothers moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Toll Brothers Correlation With Market

Very weak diversification

The correlation between Toll Brothers and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toll Brothers and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Toll Brothers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Toll Stock please use our How to buy in Toll Stock guide.

Moving together with Toll Stock

0.93	BC	Brunswick	Pair Corr
0.82	UA	Under Armour C	Pair Corr
0.71	EZGO	EZGO Technologies	Pair Corr
0.92	BLD	Topbuild Corp	Pair Corr
0.96	BZH	Beazer Homes USA	Pair Corr
0.88	CCS	Century Communities	Pair Corr
0.91	DFH	Dream Finders Homes	Pair Corr
0.83	DHI	DR Horton Earnings Call This Week	Pair Corr
0.66	DTC	Solo Brands	Pair Corr
0.78	HAS	Hasbro Inc	Pair Corr
0.95	HOV	Hovnanian Enterprises	Pair Corr
0.75	HWH	HWH International	Pair Corr
0.86	IBP	Installed Building	Pair Corr
0.98	KBH	KB Home	Pair Corr
0.92	LEN	Lennar	Pair Corr
0.93	MHO	MI Homes	Pair Corr
0.81	MPX	Marine Products Earnings Call This Week	Pair Corr
0.94	MTH	Meritage	Pair Corr

Moving against Toll Stock

0.81	VNCE	Vince Holding Corp Downward Rally	Pair Corr
0.79	VUZI	Vuzix Corp Cmn	Pair Corr
0.74	FORD	Forward Industries	Pair Corr
0.65	AS	Amer Sports,	Pair Corr
0.54	RL	Ralph Lauren Corp	Pair Corr
0.49	FOSL	Fossil Group	Pair Corr
0.65	REE	Ree Automotive Holding	Pair Corr
0.57	TPR	Tapestry	Pair Corr
0.56	SKX	Skechers USA	Pair Corr
0.35	OXM	Oxford Industries	Pair Corr

Related Correlations Analysis

	DHI	LEN	KBH	NVR	PHM	BZH	HOV	MHO	TMHC
DHI		0.96	0.9	0.98	0.98	0.76	0.92	0.89	0.77	DHI
LEN	0.96		0.98	0.98	0.98	0.89	0.97	0.96	0.88	LEN
KBH	0.9	0.98		0.95	0.96	0.95	0.98	0.97	0.95	KBH
NVR	0.98	0.98	0.95		0.98	0.84	0.96	0.94	0.84	NVR
PHM	0.98	0.98	0.96	0.98		0.86	0.97	0.94	0.86	PHM
BZH	0.76	0.89	0.95	0.84	0.86		0.92	0.94	0.94	BZH
HOV	0.92	0.97	0.98	0.96	0.97	0.92		0.97	0.91	HOV
MHO	0.89	0.96	0.97	0.94	0.94	0.94	0.97		0.89	MHO
TMHC	0.77	0.88	0.95	0.84	0.86	0.94	0.91	0.89		TMHC
	DHI	LEN	KBH	NVR	PHM	BZH	HOV	MHO	TMHC

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Risk-Adjusted Indicators

There is a big difference between Toll Stock performing well and Toll Brothers 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 Toll Brothers' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DHI	1.48	(0.36)	(0.51)	1.85	(3.37)	9.13
LEN	1.49	(0.38)	(0.51)	2.51	(3.91)	10.77
KBH	1.55	(0.27)	(0.27)	2.51	(3.74)	11.61
NVR	1.08	(0.24)	(0.38)	2.13	(2.68)	6.14
PHM	1.52	(0.30)	(0.31)	2.91	(3.44)	10.05
BZH	1.81	(0.20)	(0.21)	3.68	(3.93)	13.79
HOV	2.48	(0.50)	(0.30)	6.00	(6.16)	15.26
MHO	1.80	(0.30)	(0.25)	3.22	(4.24)	11.52
TMHC	1.53	(0.07)	(0.06)	3.35	(3.77)	9.46

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