Beazer Homes Correlations

BZH Stock

USD 23.37 0.13 0.56%

The current 90-days correlation between Beazer Homes USA and MI Homes is -0.21 (i.e., Very good diversification). The correlation of Beazer Homes 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.

Beazer Homes Correlation With Market

Good diversification

The correlation between Beazer Homes USA and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beazer Homes USA and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Beazer Stock

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

Moving together with Beazer Stock

0.79	AS	Amer Sports,	Pair Corr
0.89	BC	Brunswick Earnings Call This Week	Pair Corr
0.86	RL	Ralph Lauren Corp	Pair Corr
0.83	UA	Under Armour C	Pair Corr
0.76	DOOO	BRP Inc	Pair Corr
0.65	FORD	Forward Industries	Pair Corr
0.84	FOSL	Fossil Group	Pair Corr
0.74	DFH	Dream Finders Homes Downward Rally	Pair Corr
0.64	DHI	DR Horton	Pair Corr
0.88	MAT	Mattel Inc Earnings Call This Week	Pair Corr
0.63	MPX	Marine Products Earnings Call This Week	Pair Corr
0.87	PII	Polaris Industries Earnings Call This Week	Pair Corr
0.84	SKX	Skechers USA Earnings Call This Week	Pair Corr
0.75	TPH	TRI Pointe Homes Earnings Call This Week	Pair Corr
0.79	UAA	Under Armour A	Pair Corr
0.68	GPRO	GoPro Inc	Pair Corr
0.92	MBUU	Malibu Boats	Pair Corr
0.88	MCFT	MCBC Holdings	Pair Corr
0.76	MODG	Callaway Golf	Pair Corr
0.8	PLBY	Plby Group	Pair Corr
0.83	RCKY	Rocky Brands	Pair Corr
0.81	SHOO	Steven Madden Earnings Call This Week	Pair Corr

Moving against Beazer Stock

0.42	VNCE	Vince Holding Corp	Pair Corr
0.37	ESCA	Escalade Incorporated Earnings Call This Week	Pair Corr
0.47	CRI	Carters Earnings Call This Week	Pair Corr
0.46	MSN	Emerson Radio	Pair Corr
0.44	KBSX	FST Corp Ordinary	Pair Corr
0.39	WTO	UTime Limited	Pair Corr
0.56	NWTG	Newton Golf Symbol Change	Pair Corr

Related Correlations Analysis

	KBH	MHO	TMHC	LEN	TPH	CCS	MTH	PHM	DHI	HOV
KBH		0.8	0.76	0.86	0.84	0.5	0.9	0.83	0.76	0.83	KBH
MHO	0.8		0.95	0.86	0.96	0.68	0.89	0.92	0.9	0.93	MHO
TMHC	0.76	0.95		0.84	0.98	0.68	0.89	0.97	0.95	0.93	TMHC
LEN	0.86	0.86	0.84		0.86	0.48	0.81	0.88	0.84	0.85	LEN
TPH	0.84	0.96	0.98	0.86		0.68	0.94	0.97	0.95	0.95	TPH
CCS	0.5	0.68	0.68	0.48	0.68		0.73	0.58	0.73	0.72	CCS
MTH	0.9	0.89	0.89	0.81	0.94	0.73		0.9	0.91	0.92	MTH
PHM	0.83	0.92	0.97	0.88	0.97	0.58	0.9		0.95	0.9	PHM
DHI	0.76	0.9	0.95	0.84	0.95	0.73	0.91	0.95		0.9	DHI
HOV	0.83	0.93	0.93	0.85	0.95	0.72	0.92	0.9	0.9		HOV
	KBH	MHO	TMHC	LEN	TPH	CCS	MTH	PHM	DHI	HOV

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Risk-Adjusted Indicators

There is a big difference between Beazer Stock performing well and Beazer 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 Beazer 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
KBH	1.77	(0.08)	(0.01)	0.08	2.03	(1.83)	4.02	(3.44)	9.57
MHO	1.75	(0.08)	(0.01)	0.08	2.07	(1.71)	3.96	(3.52)	9.75
TMHC	1.58	0.02	0.03	0.14	1.65	(1.66)	3.63	(2.76)	9.51
LEN	1.64	(0.10)	(0.03)	0.06	1.99	(1.72)	3.95	(3.56)	9.04
TPH	1.50	0.02	0.03	0.15	1.65	(1.68)	3.64	(3.32)	8.80
CCS	2.04	(0.15)	(0.04)	0.02	2.43	(2.21)	4.30	(3.67)	11.57
MTH	1.95	(0.04)	0.01	0.10	2.20	(2.05)	4.76	(3.23)	11.09
PHM	1.63	0.02	0.05	0.14	1.69	(1.90)	3.97	(2.84)	12.64
DHI	1.58	0.00	0.01	0.13	1.80	(1.68)	3.59	(3.02)	9.97
HOV	3.43	(0.06)	0.03	0.11	4.09	(3.62)	7.78	(7.08)	20.41

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