Market Composite

Homebuilding Stocks$175.21

0.23%4:00PM 07/30/2021

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, HGSH-China HGS Real Estate 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., NWHM-New Home Company Inc (The), 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 @ 19:45:32 PM 07/30/2021

Summary :

Average return is down -0.2%

Median return is down -0.3%

9 out of 26 stocks are up (limited to those with intraday pricing feeds).

Top Movers : CHCI -3.4%, CVCO -2.1%, HOV -1.8%, BZH -1.5%, LEN -1.1%, TMHC -0.6%, SKY -0.6%,

Aggregated price index

Aggregated price index with volume information

Summary:

Homebuilding stocks up 0.2% on average while median return up 0.0% in a day
Homebuilding stocks up 4.5% on average while median return up 3.9% in a week
Homebuilding stocks up 6.4% on average while median return up 5.0% 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

Click on + to show price series and click on ticker for stock detail page

Ticker	1 Day Return	1 Week Return	1 Month Return	PE Ratio	PE/G	P/B (mrq)	P/S (ttm)	Earning Growth	MarketCap	Short %	Held By Institutions %	RSI	Price Pattern	Days Since Channel Change	Channel Slope (daily rate %)	Half Channel Bandwidth	Distance to Channel MidPoint %

DRTT	4.5%	8.2%	7.6%				1.93		389.6M	1%	69%	66	/	60	0.5%	6.5%	6.1%
LEGH	1.9%	4.1%	4.3%			1.62	2.44		432.5M	3%	20%	57	\/	85	0.1%	7.1%	-1.5%
CCS	1.6%	10.0%	4.4%		0.65	1.54	0.59	289%	2.3B	9%	90%	63	\/	85	0.2%	10.0%	-2.5%
MTH	1.6%	12.7%	15.4%	8.6	0.62	1.45	0.77	85%	4.1B	7%	99%	73	\/-	85	0.0%	12.2%	11.3%
HGSH	1.5%	2.1%	-6.6%			0.27	1.60		50.7M	1%	1%	47	\/-	118	0.0%	16.7%	-6.2%
HOVNP	1.3%	-4.2%	-4.9%						587.6M			41	/-	45	-0.2%	5.3%	-3.5%
LGIH	1.2%	3.1%	5.5%	11.35	0.75	3.13	1.46	133%	4.3B	12%	89%	60	\/-/	168	0.3%	9.3%	-1.9%
MDC	1.1%	4.0%	5.4%	8.66	0.59	1.66	0.86	201%	3.7B	4%	76%	60	/\	72	-0.2%	8.8%	8.0%
TOL	0.5%	3.9%	2.5%	14.05	0.6	1.42	0.91	69%	7.3B	7%	91%	61	\/	85	0.1%	10.2%	-2.0%
SSD	0.4%	0.8%	1.8%	24.51	4.05	4.60	3.50	37%	4.9B	3%	91%	56	\/-/	168	0.1%	6.1%	-1.5%
GRBK	0.2%	8.2%	10.2%	10.32	3.91	1.70	1.13	63%	1.3B	6%	87%	68	\/-	85	0.0%	7.8%	7.3%
TPH	0.2%	6.9%	12.6%	7.76	-11.92	1.14	0.75	122%	2.7B	6%	103%	69	\/	85	0.1%	9.2%	3.7%
PATK	0.1%	5.9%	13.2%	15.51	1.27	2.86	0.62	124%	2B	4%	93%	66	\/\	85	-0.1%	11.1%	5.5%
MHO	0.0%	9.8%	10.3%	6.48	0.39	1.31	0.54	167%	1.9B	4%	95%	65	\/	85	0.2%	9.9%	-0.8%
DHI	-0.1%	2.0%	5.6%	9.57	0.53	2.50	1.34	93%	34.2B	3%	84%	61	\/	252	0.2%	8.2%	-0.5%
KBH	-0.2%	2.3%	4.2%	9.52	0.47	1.42	0.99	62%	3.9B	6%	91%	57	\/-	85	-0.0%	12.5%	-2.9%
NWHM	-0.3%	0.1%	51.6%			0.55	0.23		160.6M	1%	60%	80	\/	168	0.2%	15.5%	38.3%
PHM	-0.3%	1.5%	0.5%	8.88	0.39	2.12	1.23	49%	14.2B	4%	90%	56	\/	252	0.2%	10.6%	-3.4%
NVR	-0.4%	1.8%	5.0%	21.03	3.19	5.72	2.17	42%	19B	1%	85%	63	\/	85	0.1%	6.6%	2.8%
FTDR	-0.5%	-0.3%	-1.8%	39.77	1.7		2.85	-62%	4.2B	3%	106%	47	\/\	85	-0.2%	7.5%	1.4%

* 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.

1M winners are : Winners for past month are $NWHM 51.6%, $MTH 15.4%, $PATK 13.2%, $TPH 12.6%, $MHO 10.3%
1M losers are : Losers for past month are $HOV -1.8%, $FTDR -1.8%, $HOVNP -4.9%, $BZH -5.3%, $HGSH -6.6%
1W winners are : Winners for past week are $MTH 12.7%, $HOV 10.2%, $CCS 10.0%, $MHO 9.8%, $GRBK 8.2%
1W losers are : Losers for past week are $FTDR -0.3%, $HOVNP -4.2%

Pick two stocks to compare:

PHM

TOL

Correlation Analysis

Index correlation analysis

Correlation for the past month is 51.2%, for the past 3 months is 44.3%

In the past month for a 5 days rolling window, the highest corrrelation is 64.4%, the lowest correlation is 14.7%, the latest correlation is 42.3%

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 96.9% between PHM and TOL

The lowest correlation is -42.4% between HGSH and HOV