MARKET COMPOSITE
Homebuilding Stocks20-03-2024 21:03:00 PM
Price
$156.50
-0.54%
The list of companies include BZH-Beazer Homes USA Inc., CCS-Century Communities Inc, CHCI-Comstock Holding Co. Inc, CVCO-Cavco Industries Inc, DHI-D.R. Horton Inc., DRTT-DIRTT Environmental Solutions Ltd, FTDR-Frontdoor Inc., GRBK-Green Brick Partners Inc, HOV-Hovnanian Enterprises, Inc., KBH-KB Home, LEGH-Legacy Housing Corp, LEN-Lennar Corp., LGIH-LGI Homes Inc, MDC-M.D.C. Holdings, Inc., MHO-MI Homes Inc., MTH-Meritage Homes Corp., NVR-NVR Inc., PATK-Patrick Industries, Inc., PHM-PulteGroup Inc, SKY-Skyline Champion Corp, SSD-Simpson Manufacturing Co., Inc., TMHC-Taylor Morrison Home Corp., TOL-Toll Brothers Inc., TPH-TRI Pointe Group Inc
* Latest intraday update before market close @ 20:45:40 PM 02/20/2024
Summary
:
Average return is down -0.7%
Median return is down -0.3%
9 out of 22 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
LGIH -7.9%FTDR -2.6%HOV -2.1%BZH -1.8%SKY -1.5%MHO -1.4%

Aggregated price index with volume information

Summary:

  • Homebuilding stocks down 0.5% on average while median return down 0.1% in a day
  • Homebuilding stocks down 3.5% on average while median return down 3.1% in a week
  • Homebuilding stocks up 1.5% on average while median return up -0.3% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
DHI1.6%
-3.2%
-7.6%
10.320.532.501.3493%47.6B3%84%47/\/2130.2%
PHM1.6%
-2.5%
-2.9%
8.790.392.121.2349%21.9B4%90%49/\/2130.4%
TOL1.3%
-1.8%
2.4%
8.380.61.420.9169%10.8B7%91%56/\/2130.3%
KBH0.7%
-2.8%
0.6%
8.780.471.420.9962%4.9B6%91%53/\/2130.3%
LEGH0.6%
-3.3%
8.5%
9.341.622.44614.9M3%20%57/\/2120.1%
LEN0.5%
-4.4%
-0.5%
110.841.571.24151%42.1B4%96%50/\/2130.2%
NVR0.4%
-2.6%
2.9%
16.013.195.722.1742%23.6B1%85%56/\/At resistance2130.1%
MDC0.3%
0.2%
-0.4%
11.790.591.660.86201%4.7B4%76%68/-\/Above resistance2010.2%
PATK0.2%
-1.0%
13.4%
16.541.272.860.62124%2.5B4%93%66/\/Above resistance2130.2%
MTH0.1%
-6.4%
-13.4%
7.560.621.450.7785%5.4B7%99%40/\/2130.2%
TPH0.0%
-3.7%
-0.9%
8.48-11.921.140.75122%3.4B6%103%50/\/-At resistance1590.0%
GRBK-0.1%
-1.3%
6.9%
9.473.911.701.1363%2.5B6%87%58/\/2130.2%
SSD-0.5%
-1.0%
5.8%
23.134.054.603.5037%8.2B3%91%56/\-/2130.4%
CCS-0.6%
-6.1%
-3.5%
10.610.651.540.59289%2.7B9%90%46/\/2130.2%
CVCO-0.6%
-1.3%
11.7%
18.640.82.941.80110%3.1B3%94%62\/\/Above resistance2130.1%
CHCI-0.8%
0.0%
-0.3%
10.451.6544.6M2%6%51
BZH-1.0%
-7.1%
-10.2%
5.761.660.980.29131%917.6M4%78%44/\/Below support2130.4%
TMHC-1.0%
-3.1%
0.4%
6.850.310.960.565.8B4%96%53/\/4250.2%
SKY-1.1%
-2.9%
13.7%
22.791.685.092.04465%4.6B3%99%60-/-Above resistance4250.0%
MHO-1.2%
-6.4%
-11.8%
7.270.391.310.54167%3.3B4%95%40/\/Below support2130.5%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are $SKY 13.7%, $PATK 13.4%, $CVCO 11.7%, $LEGH 8.5%, $GRBK 6.9%
  • 1M losers are : Losers for past month are $LGIH -6.7%, $DHI -7.6%, $BZH -10.2%, $MHO -11.8%, $MTH -13.4%
  • 1W winners are : Winners for past week are $MDC 0.2%
  • 1W losers are : Losers for past week are $MTH -6.4%, $MHO -6.4%, $HOV -6.6%, $BZH -7.1%, $LGIH -9.6%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 56.1%, for the past 3 months is 58.5%

In the past month for a 5 days rolling window, the highest corrrelation is 74.8%, the lowest correlation is 32.2%, the latest correlation is 64.6%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 97.2% between KBH and TPH

The lowest correlation is -44.2% between CHCI and MDC

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