Which stocks are most correlated with DHI?

Based on one year of daily returns, the stocks most correlated with D.R. Horton Inc. (DHI) are NAIL (0.93), ITB (0.93) and PHM (0.91). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with DHI?

Over the past year, the stocks most inversely correlated with D.R. Horton Inc. (DHI) are SMN (-0.57), SBB (-0.56) and EMTY (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.

D.R. Horton Inc. (DHI) — Stock Correlations & Overview

Over the past year, DHI has moved most closely with NAIL, ITB, PHM. Explore the stocks most correlated and inversely correlated with DHI below, along with its price, financials, and company profile.

Stocks correlated with DHI

Correlation of daily returns. Higher positive values move with DHI; negative values move opposite it. Informational only, not investment advice.

Most correlated with DHI

Symbol	Company	Correlation
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.93
ITB	iShares U.S. Home Construction ETF	0.93
PHM	Pultegroup, Inc.OPERATIVE BUILDERS	0.91
LEN.B	Lennar Corporation Class BGENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS	0.87
LEN	Lennar Corporation Class AGENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS	0.87

Most inversely correlated with DHI

Symbol	Company	Correlation
SMN	ProShares UltraShort Materials	-0.57
SBB	ProShares Short SmallCap600	-0.56
EMTY	ProShares Decline of the Retail Store ETF	-0.56
SDD	ProShares UltraShort SmallCap600	-0.55
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.54

Frequently asked questions about DHI correlations

Which stocks are most correlated with DHI?: Based on one year of daily returns, the stocks most correlated with D.R. Horton Inc. (DHI) are NAIL (0.93), ITB (0.93) and PHM (0.91). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with DHI?: Over the past year, the stocks most inversely correlated with D.R. Horton Inc. (DHI) are SMN (-0.57), SBB (-0.56) and EMTY (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these DHI correlations calculated?: We compute the correlation of daily returns between DHI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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