LGI Homes Correlations

LGIH Stock

USD 54.11 0.92 1.73%

The current 90-days correlation between LGI Homes and Arhaus Inc is 0.65 (i.e., Poor diversification). The correlation of LGI 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.

LGI Homes Correlation With Market

Very weak diversification

The correlation between LGI Homes and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LGI Homes and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LGI Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LGI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in LGI Stock please use our How to Invest in LGI Homes guide.

Moving together with LGI Stock

0.91	VUZI	Vuzix Corp Cmn	Pair Corr
0.84	WLDS	Wearable Devices	Pair Corr
0.87	HWH	HWH International	Pair Corr
0.74	NVR	NVR Inc	Pair Corr
0.9	H	Hyatt Hotels	Pair Corr
0.81	HD	Home Depot Earnings Call This Week	Pair Corr
0.82	SG	Sweetgreen Sell-off Trend	Pair Corr
0.88	WH	Wyndham Hotels Resorts Sell-off Trend	Pair Corr
0.89	EEIQ	Elite Education Group	Pair Corr
0.85	BBY	Best Buy	Pair Corr
0.76	BYD	Boyd Gaming	Pair Corr
0.89	CHH	Choice Hotels Intern	Pair Corr
0.74	DIT	AMCON Distributing	Pair Corr
0.61	EDU	New Oriental Education	Pair Corr
0.94	FND	Floor Decor Holdings	Pair Corr
0.8	HLT	Hilton Worldwide Holdings	Pair Corr
0.85	HVT	Haverty Furniture	Pair Corr
0.85	IHG	InterContinental Hotels	Pair Corr
0.88	LOW	Lowes Companies	Pair Corr
0.83	MAR	Marriott International	Pair Corr
0.73	WEN	The Wendys	Pair Corr
0.76	GRMN	Garmin	Pair Corr
0.78	KIRK	Kirklands	Pair Corr
0.66	KRUS	Kura Sushi USA	Pair Corr
0.93	LOCO	El Pollo Loco	Pair Corr
0.76	PLAY	Dave Busters Enterta	Pair Corr
0.84	SBET	Sharplink Gaming	Pair Corr

Moving against LGI Stock

0.41	LIVE	Live Ventures Earnings Call This Week	Pair Corr
0.78	GRPN	Groupon	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.61	PLYA	Playa Hotels Resorts	Pair Corr

Related Correlations Analysis

	ARHS	FND	HVT-A	KGFHF	HVT	KIRK	TTSH	HD	LOW
ARHS		0.89	0.54	-0.29	0.7	0.89	0.87	0.87	0.88	ARHS
FND	0.89		0.67	-0.37	0.9	0.75	0.94	0.84	0.92	FND
HVT-A	0.54	0.67		-0.42	0.6	0.37	0.66	0.5	0.56	HVT-A
KGFHF	-0.29	-0.37	-0.42		-0.35	-0.18	-0.53	-0.23	-0.25	KGFHF
HVT	0.7	0.9	0.6	-0.35		0.57	0.83	0.65	0.79	HVT
KIRK	0.89	0.75	0.37	-0.18	0.57		0.77	0.77	0.78	KIRK
TTSH	0.87	0.94	0.66	-0.53	0.83	0.77		0.83	0.89	TTSH
HD	0.87	0.84	0.5	-0.23	0.65	0.77	0.83		0.93	HD
LOW	0.88	0.92	0.56	-0.25	0.79	0.78	0.89	0.93		LOW
	ARHS	FND	HVT-A	KGFHF	HVT	KIRK	TTSH	HD	LOW

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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

TTSH	+ 0.94	FND
LOW	+ 0.93	HD
LOW	+ 0.92	FND
HVT	+ 0.9	FND
FND	+ 0.89	ARHS
KIRK	+ 0.89	ARHS

High negative correlations

TTSH	- 0.53	KGFHF
KGFHF	- 0.42	HVT-A
KGFHF	- 0.37	FND
HVT	- 0.35	KGFHF
KGFHF	- 0.29	ARHS
LOW	- 0.25	KGFHF

Risk-Adjusted Indicators

There is a big difference between LGI Stock performing well and LGI 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 LGI 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
ARHS	3.65	(0.19)	0.00	(0.24)	0.00	0.00	6.22	(8.06)	27.31
FND	2.40	(0.22)	0.00	(0.28)	0.00	0.00	3.46	(5.06)	18.43
HVT-A	2.62	(0.42)	0.00	0.68	0.00	0.00	6.88	(7.83)	20.35
KGFHF	1.89	0.35	0.09	(0.72)	2.17	(6.30)	6.19	(3.55)	21.02
HVT	2.22	(0.06)	0.00	(0.18)	0.00	0.00	4.81	(3.71)	22.08
KIRK	2.97	(0.23)	0.00	(0.34)	0.00	0.00	7.02	(5.84)	18.53
TTSH	1.80	(0.33)	0.00	(0.52)	0.00	0.00	2.46	(5.10)	14.08
HD	1.32	(0.21)	0.00	1.14	0.00	0.00	2.62	(2.37)	8.31
LOW	1.35	(0.11)	0.00	(0.26)	0.00	0.00	2.24	(2.85)	8.28

LGI Homes Corporate Executives

Elected by the shareholders, the LGI Homes' board of directors comprises two types of representatives: LGI Homes inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LGI. The board's role is to monitor LGI Homes' management team and ensure that shareholders' interests are well served. LGI Homes' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LGI Homes' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Charles CPA	CFO Treasurer	Profile
	Charles Merdian	CFO, Treasurer and Secretary	Profile

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