PulteGroup Correlations

PHM Stock

USD 108.65 0.01 0.01%

The current 90-days correlation between PulteGroup and Lennar is 0.93 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PulteGroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PulteGroup moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PulteGroup Correlation With Market

Poor diversification

The correlation between PulteGroup 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 PulteGroup and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PulteGroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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Moving together with PulteGroup Stock

0.73	BC	Brunswick Earnings Call This Week	Pair Corr
0.62	DOOO	BRP Inc	Pair Corr
0.86	BZH	Beazer Homes USA	Pair Corr
0.94	DFH	Dream Finders Homes	Pair Corr
0.95	DHI	DR Horton	Pair Corr
0.77	MPX	Marine Products Earnings Call This Week	Pair Corr
0.78	PII	Polaris Industries	Pair Corr
0.97	TPH	TRI Pointe Homes Earnings Call This Week	Pair Corr
0.85	MBUU	Malibu Boats	Pair Corr
0.86	MCFT	MCBC Holdings	Pair Corr
0.81	MODG	Callaway Golf	Pair Corr

Moving against PulteGroup Stock

0.54	DOGZ	Dogness International	Pair Corr
0.62	MSN	Emerson Radio	Pair Corr
0.42	LULU	Lululemon Athletica	Pair Corr
0.49	NWTG	Newton Golf Symbol Change	Pair Corr

Related Correlations Analysis

	LEN	KBH	NVR	TOL	DHI	BZH	HOV	MTH	IBP
LEN		0.86	0.82	0.79	0.84	0.79	0.85	0.81	0.74	LEN
KBH	0.86		0.67	0.59	0.76	0.64	0.83	0.9	0.62	KBH
NVR	0.82	0.67		0.8	0.87	0.76	0.88	0.8	0.86	NVR
TOL	0.79	0.59	0.8		0.81	0.95	0.76	0.66	0.85	TOL
DHI	0.84	0.76	0.87	0.81		0.74	0.9	0.91	0.94	DHI
BZH	0.79	0.64	0.76	0.95	0.74		0.77	0.64	0.75	BZH
HOV	0.85	0.83	0.88	0.76	0.9	0.77		0.92	0.84	HOV
MTH	0.81	0.9	0.8	0.66	0.91	0.64	0.92		0.81	MTH
IBP	0.74	0.62	0.86	0.85	0.94	0.75	0.84	0.81		IBP
	LEN	KBH	NVR	TOL	DHI	BZH	HOV	MTH	IBP

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Risk-Adjusted Indicators

There is a big difference between PulteGroup Stock performing well and PulteGroup 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 PulteGroup'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
LEN	1.64	(0.10)	(0.03)	0.06	1.99	(1.72)	3.95	(3.56)	9.04
KBH	1.77	(0.08)	(0.01)	0.08	2.03	(1.83)	4.02	(3.44)	9.57
NVR	1.30	(0.08)	(0.06)	0.05	1.49	(1.48)	2.55	(2.92)	7.66
TOL	1.63	0.15	0.10	0.24	1.80	(1.76)	3.75	(3.35)	10.46
DHI	1.58	0.00	0.01	0.13	1.80	(1.68)	3.59	(3.02)	9.97
BZH	2.04	0.18	0.10	0.24	2.17	(2.35)	5.28	(3.99)	14.51
HOV	3.43	(0.06)	0.03	0.11	4.09	(3.62)	7.78	(7.08)	20.41
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

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