NVR Correlations

NVR Stock

USD 9,194 28.38 0.31%

The current 90-days correlation between NVR Inc and PulteGroup is 0.81 (i.e., Very poor 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

Modest diversification

The correlation between NVR Inc and DJI is 0.22 (i.e., Modest 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.

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

0.63	VEEE	Twin Vee Powercats	Pair Corr
0.84	HAS	Hasbro Inc Sell-off Trend	Pair Corr
0.82	MHO	MI Homes	Pair Corr
0.68	NKE	Nike Inc Aggressive Push	Pair Corr
0.64	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr
0.7	SDHC	Smith Douglas Homes	Pair Corr
0.93	SHOO	Steven Madden	Pair Corr

Moving against NVR Stock

0.5	GM	General Motors Aggressive Push	Pair Corr
0.47	TH	Target Hospitality Corp	Pair Corr

Related Correlations Analysis

	PHM	LEN	KBH	TOL	DHI	TMHC	MHO	CCS	BZH	MDC
PHM		0.83	0.72	0.45	0.73	0.23	0.89	0.78	0.5	-0.26	PHM
LEN	0.83		0.82	0.02	0.95	-0.09	0.75	0.98	0.27	-0.64	LEN
KBH	0.72	0.82		0.31	0.7	0.33	0.82	0.83	0.58	-0.41	KBH
TOL	0.45	0.02	0.31		-0.21	0.9	0.59	-0.05	0.83	0.57	TOL
DHI	0.73	0.95	0.7	-0.21		-0.33	0.6	0.96	0.02	-0.75	DHI
TMHC	0.23	-0.09	0.33	0.9	-0.33		0.46	-0.15	0.78	0.58	TMHC
MHO	0.89	0.75	0.82	0.59	0.6	0.46		0.72	0.67	-0.17	MHO
CCS	0.78	0.98	0.83	-0.05	0.96	-0.15	0.72		0.21	-0.7	CCS
BZH	0.5	0.27	0.58	0.83	0.02	0.78	0.67	0.21		0.31	BZH
MDC	-0.26	-0.64	-0.41	0.57	-0.75	0.58	-0.17	-0.7	0.31		MDC
	PHM	LEN	KBH	TOL	DHI	TMHC	MHO	CCS	BZH	MDC

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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

CCS	+ 0.98	LEN
CCS	+ 0.96	DHI
DHI	+ 0.95	LEN
TMHC	+ 0.9	TOL
MHO	+ 0.89	PHM
LEN	+ 0.83	PHM

High negative correlations

MDC	- 0.75	DHI
MDC	- 0.7	CCS
MDC	- 0.64	LEN
MDC	- 0.41	KBH
TMHC	- 0.33	DHI
MDC	- 0.26	PHM

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
PHM	1.37	0.01	(0.02)	0.14	1.95	(1.45)	2.91	(3.21)	10.37
LEN	1.34	(0.08)	0.00	(0.31)	0.00	0.00	2.17	(3.91)	8.55
KBH	1.58	(0.11)	(0.05)	0.00	2.10	(1.64)	3.05	(3.31)	10.10
TOL	1.36	0.12	0.06	0.26	1.47	(1.45)	3.43	(2.91)	8.65
DHI	1.32	(0.18)	0.00	(0.50)	0.00	0.00	1.97	(3.16)	10.42
TMHC	1.38	0.07	0.02	0.22	1.65	(1.54)	3.10	(2.82)	9.84
MHO	1.68	(0.10)	(0.03)	0.03	2.38	(1.63)	3.69	(4.24)	10.66
CCS	1.63	(0.24)	0.00	(0.19)	0.00	0.00	3.41	(3.85)	10.68
BZH	1.75	0.02	0.02	0.13	2.11	(1.87)	4.14	(3.93)	12.19
MDC	1.42	0.34	0.09	(0.84)	1.63	(1.47)	3.21	(2.62)	9.99

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