NVR Correlations

NVR Stock

USD 7,423 15.42 0.21%

The current 90-days correlation between NVR Inc and DR Horton is 0.9 (i.e., Almost no diversification). The correlation of NVR 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. If the correlation is 0, the equities are not correlated; they are entirely random.

NVR Correlation With Market

Very weak diversification

The correlation between NVR Inc and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NVR Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NVR Stock

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

Moving together with NVR Stock

0.7	BC	Brunswick Earnings Call This Week	Pair Corr
0.63	UA	Under Armour C	Pair Corr
0.65	DOOO	BRP Inc	Pair Corr
0.76	BZH	Beazer Homes USA	Pair Corr
0.75	CCS	Century Communities Earnings Call This Week	Pair Corr
0.88	DFH	Dream Finders Homes Downward Rally	Pair Corr
0.87	DHI	DR Horton	Pair Corr
0.77	MPX	Marine Products Earnings Call This Week	Pair Corr
0.76	PII	Polaris Industries Earnings Call Tomorrow	Pair Corr
0.87	TPH	TRI Pointe Homes Earnings Call This Week	Pair Corr
0.61	UAA	Under Armour A	Pair Corr
0.78	MBUU	Malibu Boats	Pair Corr
0.83	MCFT	MCBC Holdings	Pair Corr
0.73	MODG	Callaway Golf	Pair Corr

Moving against NVR Stock

0.51	DOGZ	Dogness International	Pair Corr
0.31	VNCE	Vince Holding Corp	Pair Corr
0.66	MSN	Emerson Radio	Pair Corr
0.4	LULU	Lululemon Athletica	Pair Corr
0.32	WTO	UTime Limited	Pair Corr
0.41	NWTG	Newton Golf Symbol Change	Pair Corr

Related Correlations Analysis

	DHI	PHM	LEN	MTH	IBP	BZH
DHI		0.95	0.84	0.91	0.94	0.74	DHI
PHM	0.95		0.88	0.9	0.91	0.86	PHM
LEN	0.84	0.88		0.81	0.74	0.79	LEN
MTH	0.91	0.9	0.81		0.81	0.64	MTH
IBP	0.94	0.91	0.74	0.81		0.75	IBP
BZH	0.74	0.86	0.79	0.64	0.75		BZH
	DHI	PHM	LEN	MTH	IBP	BZH

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Risk-Adjusted Indicators

There is a big difference between NVR Stock performing well and NVR 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 NVR'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
DHI	1.58	0.00	0.01	0.13	1.80	(1.68)	3.59	(3.02)	9.97
PHM	1.63	0.02	0.05	0.14	1.69	(1.90)	3.97	(2.84)	12.64
LEN	1.64	(0.10)	(0.03)	0.06	1.99	(1.72)	3.95	(3.56)	9.04
MTH	1.95	(0.04)	0.01	0.10	2.20	(2.05)	4.76	(3.23)	11.09
IBP	2.08	(0.07)	0.01	0.09	2.52	(2.19)	4.16	(4.46)	12.03
BZH	2.04	0.18	0.10	0.24	2.17	(2.35)	5.28	(3.99)	14.51

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