FOR vs PHM: Correlation
Forestar Group Inc (FOR) and PulteGroup (PHM) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOR and PHM?
On 3 years of weekly data the FOR/PHM correlation comes out at 0.71, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.71 over 3. The 5-year figure is 0.67, and annualized covariance runs at 816.8 %².
In FOR's tracked universe of 11 assets, PHM sits right near the top at #3. The trailing year gives FOR the advantage: +3.3% versus -2.5%, a 5.8-point spread.
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 PHM: side by side
| FOR (Forestar Group Inc) | PHM (PulteGroup) | |
|---|---|---|
| 1-year return | +3.3% | -2.5% |
| 5-year return | +34.9% | +145.5% |
| Volatility (ann.) | 35.8% | 32.2% |
| Beta vs S&P 500 | 0.84 | 0.82 |
| Max drawdown (3Y) | -54.7% | -38.0% |
| Market cap | $1.5B | – |
| P/E (trailing) | 8.6 | 13.3 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FOR | PHM |
|---|---|---|
| 2022 | -29.1% | -19.2% |
| 2023 | +114.6% | +128.8% |
| 2024 | -21.6% | +6.2% |
| 2025 | -5.0% | +8.5% |
| 2026 | +16.2% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOR and PHM good diversifiers for each other?
To a limited degree. At 0.71 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 PHM?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.77 over the last year and 0.67 over 5 years.
Is PHM a good diversifier for FOR?
To a limited degree. At 0.71 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 0.71 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-phm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/for-vs-phm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOR correlations · PHM correlations
