FOR vs KBH: Correlation
Forestar Group Inc (FOR) and KB Home (KBH) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOR and KBH?
Across a 3-year window, the weekly returns of FOR and KBH correlate at 0.72, strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 926.7 %².
In FOR's tracked universe of 11 assets, KBH sits right near the top at #1. The last year tells two different stories: FOR led by 15.4 percentage points, +3.3% for FOR against -12.1% for KBH.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FOR vs KBH: side by side
| FOR (Forestar Group Inc) | KBH (KB Home) | |
|---|---|---|
| 1-year return | +3.3% | -12.1% |
| 5-year return | +34.9% | +37.4% |
| Volatility (ann.) | 35.8% | 35.8% |
| Beta vs S&P 500 | 0.84 | 0.78 |
| Max drawdown (3Y) | -54.7% | -48.3% |
| Market cap | $1.5B | – |
| P/E (trailing) | 8.6 | 13.6 |
| Dividend yield | 0.00% | 1.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOR | KBH |
|---|---|---|
| 2022 | -29.1% | -27.5% |
| 2023 | +114.6% | +99.0% |
| 2024 | -21.6% | +6.6% |
| 2025 | -5.0% | -12.7% |
| 2026 | +16.2% | -1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOR and KBH good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FOR and KBH?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.75 over the last year and 0.63 over 5 years.
Is KBH a good diversifier for FOR?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/for-vs-kbh.json
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Related comparisons
Hubs: FOR correlations · KBH correlations
