Lennar Correlations

LEN Stock  USD 109.43  0.14  0.13%   
The current 90-days correlation between Lennar and PulteGroup is 0.96 (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

Good diversification

The correlation between Lennar and DJI is -0.08 (i.e., Good 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lennar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in Lennar Stock, please use our How to Invest in Lennar guide.

Moving together with Lennar Stock

  0.61DFH Dream Finders HomesPairCorr

Moving against Lennar Stock

  0.37DOGZ Dogness InternationalPairCorr
  0.4MSN Emerson RadioPairCorr
  0.36LULU Lululemon AthleticaPairCorr

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.