MI Homes Correlations
MHO Stock | USD 120.99 0.04 0.03% |
The current 90-days correlation between MI Homes and Taylor Morn Home is 0.96 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MI Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MI Homes moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
MI Homes Correlation With Market
Poor diversification
The correlation between MI Homes and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MI Homes and DJI in the same portfolio, assuming nothing else is changed.
Moving together with MHO Stock
0.65 | BC | Brunswick | PairCorr |
0.81 | BZH | Beazer Homes USA | PairCorr |
0.9 | DFH | Dream Finders Homes | PairCorr |
0.87 | DHI | DR Horton Earnings Call This Week | PairCorr |
0.76 | MPX | Marine Products | PairCorr |
0.73 | PII | Polaris Industries Earnings Call This Week | PairCorr |
0.94 | TPH | TRI Pointe Homes | PairCorr |
0.77 | MBUU | Malibu Boats | PairCorr |
0.78 | MCFT | MCBC Holdings | PairCorr |
0.67 | MODG | Callaway Golf | PairCorr |
Moving against MHO Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between MHO Stock performing well and MI 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 MI 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TMHC | 1.72 | (0.04) | (0.01) | 0.20 | 1.91 | 4.52 | 10.23 | |||
CCS | 2.08 | (0.20) | (0.09) | 0.01 | 2.49 | 4.30 | 11.57 | |||
BZH | 2.27 | 0.08 | 0.05 | 0.30 | 2.50 | 5.60 | 14.51 | |||
MTH | 2.08 | (0.07) | (0.01) | 0.17 | 2.43 | 5.65 | 11.94 | |||
TPH | 1.61 | (0.02) | (0.02) | 0.22 | 1.80 | 4.56 | 8.45 |