Lennar Correlations
LEN Stock | USD 109.57 0.13 0.12% |
The current 90-days correlation between Lennar and PulteGroup is 0.93 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lennar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lennar moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Lennar Correlation With Market
Very weak diversification
The correlation between Lennar and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lennar and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Lennar Stock
0.62 | BZH | Beazer Homes USA | PairCorr |
0.64 | CCS | Century Communities Earnings Call This Week | PairCorr |
0.75 | DFH | Dream Finders Homes Downward Rally | PairCorr |
0.78 | DHI | DR Horton | PairCorr |
0.76 | TPH | TRI Pointe Homes Earnings Call This Week | PairCorr |
0.61 | MBUU | Malibu Boats | PairCorr |
0.61 | MCFT | MCBC Holdings | PairCorr |
Moving against Lennar Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Lennar Stock performing well and Lennar 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 Lennar'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PHM | 1.62 | 0.08 | 0.07 | 0.19 | 1.68 | 3.97 | 12.64 | |||
KBH | 1.79 | (0.10) | (0.01) | 0.07 | 2.09 | 4.02 | 9.57 | |||
NVR | 1.30 | (0.08) | (0.06) | 0.05 | 1.49 | 2.55 | 7.66 | |||
TOL | 1.62 | 0.22 | 0.13 | 0.29 | 1.73 | 3.75 | 10.46 | |||
DHI | 1.58 | 0.00 | 0.01 | 0.13 | 1.80 | 3.59 | 9.97 | |||
BZH | 2.04 | 0.18 | 0.10 | 0.24 | 2.17 | 5.28 | 14.51 | |||
HOV | 3.43 | 0.00 | 0.05 | 0.13 | 4.08 | 7.78 | 20.41 | |||
MTH | 1.95 | (0.04) | 0.01 | 0.11 | 2.27 | 4.76 | 11.09 | |||
IBP | 2.01 | 0.08 | 0.07 | 0.18 | 2.23 | 4.16 | 12.03 |