Beazer Homes Correlations

BZH -  USA Stock  

USD 12.44  0.48  4.01%

The correlation of Beazer Homes is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Beazer Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beazer Homes USA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Beazer Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beazer Homes when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Beazer Homes - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Beazer Homes USA to buy it.

Moving together with Beazer Homes

0.93CCSCentury CommunitiesPairCorr
0.7CVCOCavco IndsPairCorr
0.88DFHDream Finders HomesPairCorr
0.81DHIDR Horton Fiscal Year End 8th of November 2022 PairCorr
0.66GRBKGreen Brick PartnersPairCorr
0.94KBHKB Home Fiscal Year End 11th of January 2023 PairCorr
0.62LEGHLegacy Housing Corp Earnings Call  TodayPairCorr
0.89LENLennar Corp Fiscal Year End 21st of December 2022 PairCorr
0.86LGIHLGI HomesPairCorr
0.96MDCMDC HoldingsPairCorr
0.93MHOMI HomesPairCorr
0.95MTHMeritage CorpPairCorr
0.72AANAarons HoldingsPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AAMSFT
JNJMCD
PGJNJ
PGMCD
MRKVTNR
PGMSFT
  
High negative correlations   
PGVTNR
MSFTVTNR
AAVTNR
AAMRK
MRKMSFT
MCDVTNR

Beazer Homes Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Beazer Homes stock performing well and Beazer Homes company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Beazer Homes' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
VTNR 5.00  0.90  0.14  0.39  5.43  0.13 (6.16)  11.53 (9.66)  30.84 
MSFT 1.91  0.04  0.00 (0.12)  0.00 (0.0093)  0.00  2.97 (4.24)  9.36 
MRK 1.01  0.32  0.39  0.55  0.81  0.30 (1.21)  2.16 (1.54)  7.44 
MCD 1.06  0.18  0.16  0.09  1.27  0.16 (1.14)  2.22 (1.98)  7.82 
JNJ 0.94  0.14  0.22  0.14  0.91  0.19 (1.11)  2.23 (1.63)  5.06 
AA 3.32 (0.54)  0.00 (0.45)  0.00 (0.16)  0.00  5.10 (6.70)  21.93 
PG 1.21  0.04  0.00 (0.09)  0.00  0.05  0.00  2.54 (2.30)  8.89 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Beazer Homes without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Beazer Homes Corporate Directors

Beazer Homes corporate directors refer to members of a Beazer Homes board of directors. The board of directors generally takes responsibility for the Beazer Homes' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Beazer Homes' board members must vote for the resolution. The Beazer Homes board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Peter Leemputte - Independent DirectorProfile
Carey Phelps - Director of Investor Relations and Corporate CommunicationsProfile
David Spitz - Independent DirectorProfile
Norma Provencio - Lead Independent DirectorProfile

Investing Beazer Homes USA

You need to understand the risk of investing before taking a position in Beazer Homes. The danger of trading Beazer Homes USA is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Beazer Homes is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Beazer Homes. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Beazer Homes USA is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Beazer Homes USA information on this page should be used as a complementary analysis to other Beazer Homes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Beazer Stock analysis

When running Beazer Homes USA price analysis, check to measure Beazer Homes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Beazer Homes is operating at the current time. Most of Beazer Homes' value examination focuses on studying past and present price action to predict the probability of Beazer Homes' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Beazer Homes' price. Additionally, you may evaluate how the addition of Beazer Homes to your portfolios can decrease your overall portfolio volatility.
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Is Beazer Homes' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Beazer Homes. If investors know Beazer will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Beazer Homes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.8
Market Capitalization
376.2 M
Quarterly Revenue Growth YOY
-0.075
Return On Assets
0.0571
Return On Equity
0.23
The market value of Beazer Homes USA is measured differently than its book value, which is the value of Beazer that is recorded on the company's balance sheet. Investors also form their own opinion of Beazer Homes' value that differs from its market value or its book value, called intrinsic value, which is Beazer Homes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Beazer Homes' market value can be influenced by many factors that don't directly affect Beazer Homes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Beazer Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine Beazer Homes value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beazer Homes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.