Builders FirstSource Correlations

BLDR Stock

USD 103.79 1.83 1.73%

The current 90-days correlation between Builders FirstSource and Masco is 0.66 (i.e., Poor diversification). The correlation of Builders FirstSource 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Builders FirstSource Correlation With Market

Very weak diversification

The correlation between Builders FirstSource and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Builders FirstSource and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Builders Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Builders FirstSource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

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

Moving together with Builders Stock

0.67	APT	Alpha Pro Tech	Pair Corr
0.62	GFF	Griffon	Pair Corr
0.63	IIIN	Insteel Industries	Pair Corr
0.81	ROCK	Gibraltar Industries	Pair Corr
0.92	AMWD	American Woodmark	Pair Corr
0.66	APOG	Apogee Enterprises	Pair Corr

Moving against Builders Stock

0.72	JCI	Johnson Controls Int	Pair Corr
0.62	002162	Everjoy Health Group	Pair Corr
0.5	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.49	002205	XinJiang GuoTong Pipeline	Pair Corr
0.42	600444	Sinomach General Mac	Pair Corr
0.4	CSW	CSW Industrials, Symbol Change	Pair Corr
0.36	600202	Harbin Air Conditioning	Pair Corr
0.79	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.79	KEP	Korea Electric Power	Pair Corr
0.78	TLK	Telkom Indonesia Tbk	Pair Corr
0.78	KMT	Kennametal	Pair Corr
0.75	MTSI	MACOM Technology Sol	Pair Corr
0.71	ATZAF	Aritzia	Pair Corr
0.68	PTAIY	Astra International Tbk	Pair Corr
0.68	PTITF	PT Indosat Tbk	Pair Corr
0.68	MU	Micron Technology Aggressive Push	Pair Corr
0.63	FEMY	Femasys	Pair Corr
0.62	AXP	American Express	Pair Corr
0.57	SKY	Skyline	Pair Corr
0.49	LVTX	LAVA Therapeutics	Pair Corr
0.36	ACN	Accenture plc	Pair Corr

Related Correlations Analysis

	MAS	BLD	CSL	WMS	OC	HII	WCC	STN	LECO	STRL
MAS		-0.23	0.74	-0.35	0.95	-0.75	-0.8	0.55	0.4	0.15	MAS
BLD	-0.23		0.07	0.55	-0.37	0.41	0.42	-0.18	0.48	0.0	BLD
CSL	0.74	0.07		-0.16	0.72	-0.26	-0.42	0.39	0.67	0.21	CSL
WMS	-0.35	0.55	-0.16		-0.52	0.59	0.7	-0.66	0.37	-0.38	WMS
OC	0.95	-0.37	0.72	-0.52		-0.75	-0.8	0.59	0.3	0.22	OC
HII	-0.75	0.41	-0.26	0.59	-0.75		0.89	-0.64	0.12	-0.24	HII
WCC	-0.8	0.42	-0.42	0.7	-0.8	0.89		-0.7	0.06	-0.23	WCC
STN	0.55	-0.18	0.39	-0.66	0.59	-0.64	-0.7		-0.16	0.77	STN
LECO	0.4	0.48	0.67	0.37	0.3	0.12	0.06	-0.16		-0.23	LECO
STRL	0.15	0.0	0.21	-0.38	0.22	-0.24	-0.23	0.77	-0.23		STRL
	MAS	BLD	CSL	WMS	OC	HII	WCC	STN	LECO	STRL

Please upgrade your account to get full access to Macroaxis premium features

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

OC	+ 0.95	MAS
WCC	+ 0.89	HII
STRL	+ 0.77	STN
CSL	+ 0.74	MAS
OC	+ 0.72	CSL
WCC	+ 0.7	WMS

High negative correlations

WCC	- 0.8	OC
WCC	- 0.8	MAS
HII	- 0.75	OC
HII	- 0.75	MAS
STN	- 0.7	WCC
STN	- 0.66	WMS

Risk-Adjusted Indicators

There is a big difference between Builders Stock performing well and Builders FirstSource 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 Builders FirstSource'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
MAS	1.20	(0.26)	0.00	(0.15)	0.00	0.00	2.59	(2.26)	7.94
BLD	1.64	(0.04)	(0.01)	0.03	1.70	(1.86)	4.15	(3.15)	13.76
CSL	1.12	(0.08)	(0.04)	0.00	1.72	(0.98)	2.04	(2.72)	6.10
WMS	1.41	(0.02)	0.00	0.04	1.63	(1.51)	3.25	(2.71)	11.59
OC	1.47	(0.44)	0.00	(0.27)	0.00	0.00	2.49	(2.84)	12.01
HII	1.42	0.26	0.17	0.29	1.30	(1.57)	3.38	(2.39)	10.50
WCC	1.87	0.16	0.08	0.14	2.25	(1.93)	3.54	(3.47)	16.49
STN	1.16	(0.29)	0.00	(0.16)	0.00	0.00	1.75	(2.71)	8.69
LECO	1.18	(0.05)	(0.02)	0.02	1.57	(1.18)	2.34	(2.84)	6.56
STRL	3.12	(0.28)	0.00	(0.03)	0.00	0.00	6.61	(7.47)	21.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC