MDC Holdings Correlations

Summary

MDCDelisted Stock

USD 47.05 0.59 1.27%

The current 90-days correlation between MDC Holdings and Taylor Morn Home is 0.1 (i.e., Average diversification). The correlation of MDC Holdings 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.

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

Moving together with MDC Stock

0.79	FSTF	First State Financial	Pair Corr
0.63	MET	MetLife	Pair Corr
0.71	JXN-PA	Jackson Financial	Pair Corr
0.65	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.85	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.82	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.88	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.8	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.73	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.81	DIS	Walt Disney Aggressive Push	Pair Corr
0.81	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.84	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against MDC Stock

0.83	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.35	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	TMHC	CCS	BZH	MTH	TPH	HOV	KBH	MHO	LGIH
TMHC		-0.16	0.79	0.09	0.19	-0.02	0.34	0.46	0.31	TMHC
CCS	-0.16		0.19	0.95	0.83	0.92	0.82	0.71	0.83	CCS
BZH	0.79	0.19		0.4	0.52	0.29	0.59	0.67	0.59	BZH
MTH	0.09	0.95	0.4		0.9	0.91	0.91	0.83	0.92	MTH
TPH	0.19	0.83	0.52	0.9		0.81	0.83	0.88	0.86	TPH
HOV	-0.02	0.92	0.29	0.91	0.81		0.89	0.66	0.8	HOV
KBH	0.34	0.82	0.59	0.91	0.83	0.89		0.82	0.9	KBH
MHO	0.46	0.71	0.67	0.83	0.88	0.66	0.82		0.89	MHO
LGIH	0.31	0.83	0.59	0.92	0.86	0.8	0.9	0.89		LGIH
	TMHC	CCS	BZH	MTH	TPH	HOV	KBH	MHO	LGIH

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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

MTH	+ 0.95	CCS
HOV	+ 0.92	CCS
LGIH	+ 0.92	MTH
HOV	+ 0.91	MTH
KBH	+ 0.91	MTH
TPH	+ 0.9	MTH

High negative correlations

CCS	- 0.16	TMHC
HOV	- 0.02	TMHC

Risk-Adjusted Indicators

There is a big difference between MDC Stock performing well and MDC Holdings 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 MDC Holdings' 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	1.37	0.08	0.02	0.24	1.64	(1.54)	3.10	(2.82)	9.84
CCS	1.61	(0.23)	0.00	(0.17)	0.00	0.00	3.41	(3.85)	10.68
BZH	1.72	0.04	0.03	0.16	2.07	(1.82)	4.14	(3.93)	12.19
MTH	1.56	(0.15)	0.00	(0.04)	0.00	0.00	3.80	(4.82)	10.57
TPH	1.31	(0.14)	0.00	(0.01)	0.00	0.00	2.86	(3.19)	8.57
HOV	2.31	(0.29)	0.00	(0.07)	0.00	0.00	4.74	(5.89)	16.06
KBH	1.57	(0.11)	(0.05)	0.01	2.09	(1.64)	3.05	(3.31)	10.10
MHO	1.66	(0.08)	(0.02)	0.06	2.39	(1.60)	3.69	(4.24)	10.66
LGIH	1.67	(0.09)	(0.04)	0.04	1.93	(1.96)	4.12	(3.56)	11.93

MDC Holdings Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MDC Holdings stock to make a market-neutral strategy. Peer analysis of MDC Holdings could also be used in its relative valuation, which is a method of valuing MDC Holdings by comparing valuation metrics with similar companies.

Taylor Morn Home Century Communities Beazer Homes USA Meritage TRI Pointe Homes Hovnanian Enterprises KB Home MI Homes LGI Homes American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

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Still Interested in MDC Holdings?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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