Green Brick Correlations

GRBK Stock

USD 57.63 0.94 1.66%

The current 90-days correlation between Green Brick Partners and Arhaus Inc is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Green Brick moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Green Brick Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Green Brick Correlation With Market

Very weak diversification

The correlation between Green Brick Partners and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Brick Partners and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Brick Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Green Stock

0.78	BC	Brunswick Sell-off Trend	Pair Corr
0.73	DOOO	BRP Inc	Pair Corr
0.77	VEEE	Twin Vee Powercats	Pair Corr
0.86	VMAR	Vision Marine Techno	Pair Corr
0.87	WLDS	Wearable Devices Tech Boost	Pair Corr
0.86	EZGO	EZGO Technologies	Pair Corr
0.87	FEBO	Fenbo Holdings	Pair Corr
0.88	BLD	Topbuild Corp	Pair Corr
0.97	CCS	Century Communities	Pair Corr
0.75	CRI	Carters	Pair Corr
0.86	DFH	Dream Finders Homes	Pair Corr
0.98	DHI	DR Horton	Pair Corr
0.82	DTC	Solo Brands	Pair Corr
0.91	HAS	Hasbro Inc	Pair Corr
0.9	HOV	Hovnanian Enterprises	Pair Corr
0.95	IBP	Installed Building	Pair Corr
0.84	KBH	KB Home Fiscal Year End 8th of January 2025	Pair Corr
0.96	LEN	Lennar	Pair Corr
0.84	MHO	MI Homes	Pair Corr
0.68	MSN	Emerson Radio	Pair Corr
0.9	MTH	Meritage	Pair Corr
0.74	NKE	Nike Inc Sell-off Trend	Pair Corr

Moving against Green Stock

0.79	AS	Amer Sports,	Pair Corr
0.73	RL	Ralph Lauren Corp	Pair Corr
0.72	VUZI	Vuzix Corp Cmn Trending	Pair Corr
0.69	HBI	Hanesbrands	Pair Corr
0.66	FORD	Forward Industries	Pair Corr
0.65	FOSL	Fossil Group	Pair Corr
0.64	DOGZ	Dogness International	Pair Corr
0.55	ESCA	Escalade Incorporated	Pair Corr
0.49	GIL	Gildan Activewear	Pair Corr
0.38	VOXX	VOXX International	Pair Corr
0.81	TPR	Tapestry	Pair Corr
0.64	KTB	Kontoor Brands	Pair Corr
0.64	PVH	PVH Corp	Pair Corr
0.64	SGC	Superior Uniform	Pair Corr
0.62	REE	Ree Automotive Holding	Pair Corr
0.55	MOV	Movado Group	Pair Corr
0.44	SKY	Skyline	Pair Corr

Related Correlations Analysis

	ARHS	FND	KGFHF	HVT	KIRK	TTSH	HD	LOW
ARHS		0.82	0.09	0.69	0.53	-0.11	0.09	-0.04	ARHS
FND	0.82		0.25	0.79	0.59	-0.21	0.25	0.25	FND
KGFHF	0.09	0.25		0.65	0.55	-0.27	-0.47	0.24	KGFHF
HVT	0.69	0.79	0.65		0.81	-0.34	-0.03	0.28	HVT
KIRK	0.53	0.59	0.55	0.81		-0.24	0.05	0.28	KIRK
TTSH	-0.11	-0.21	-0.27	-0.34	-0.24		-0.06	-0.12	TTSH
HD	0.09	0.25	-0.47	-0.03	0.05	-0.06		0.61	HD
LOW	-0.04	0.25	0.24	0.28	0.28	-0.12	0.61		LOW
	ARHS	FND	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

FND	+ 0.82	ARHS
KIRK	+ 0.81	HVT
HVT	+ 0.79	FND
HVT	+ 0.69	ARHS
HVT	+ 0.65	KGFHF
LOW	+ 0.61	HD

High negative correlations

HD	- 0.47	KGFHF
TTSH	- 0.34	HVT
TTSH	- 0.27	KGFHF
TTSH	- 0.24	KIRK
TTSH	- 0.21	FND
LOW	- 0.12	TTSH

Risk-Adjusted Indicators

There is a big difference between Green Stock performing well and Green Brick 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 Green Brick'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
ARHS	2.54	(0.48)	0.00	(0.26)	0.00	0.00	4.97	(6.37)	16.92
FND	1.89	(0.25)	0.00	(0.83)	0.00	0.00	4.03	(4.22)	12.71
KGFHF	1.95	(0.35)	0.00	0.97	0.00	0.00	4.39	(6.82)	22.09
HVT	1.61	(0.35)	0.00	(0.24)	0.00	0.00	4.49	(2.97)	12.20
KIRK	3.11	(0.11)	0.00	(0.14)	0.00	0.00	6.06	(6.29)	22.27
TTSH	1.19	(0.01)	(0.01)	0.01	1.58	(1.37)	3.02	(2.17)	9.39
HD	1.02	0.00	(0.01)	0.03	1.32	(1.04)	2.22	(2.07)	6.44
LOW	1.06	(0.08)	0.00	(0.15)	0.00	0.00	1.76	(2.12)	7.10

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