FOR vs SCHL: Correlation
Measured on weekly returns over the past three years, Forestar Group Inc (FOR) and Scholastic Corporation (SCHL) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOR and SCHL?
Across a 3-year window, the weekly returns of FOR and SCHL correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.39). Stretching to 5 years gives 0.30, with an annualized covariance of 606.5 %².
Among the 11 assets we track against FOR, SCHL ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SCHL ahead by 51.8 points (+3.3% versus +55.1%).
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 SCHL: side by side
| FOR (Forestar Group Inc) | SCHL (Scholastic Corporation) | |
|---|---|---|
| 1-year return | +3.3% | +55.1% |
| 5-year return | +34.9% | +32.0% |
| Volatility (ann.) | 35.8% | 43.5% |
| Beta vs S&P 500 | 0.84 | 0.79 |
| Max drawdown (3Y) | -54.7% | -62.3% |
| Market cap | $1.5B | $0.7B |
| P/E (trailing) | 8.6 | 17.1 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOR | SCHL |
|---|---|---|
| 2022 | -29.1% | +0.5% |
| 2023 | +114.6% | -2.5% |
| 2024 | -21.6% | -42.0% |
| 2025 | -5.0% | +44.0% |
| 2026 | +16.2% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOR and SCHL good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FOR and SCHL?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.25 over the last year and 0.30 over 5 years.
Is SCHL a good diversifier for FOR?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/for-vs-schl.json
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[](https://www.pairbook.io/pair/for-vs-schl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FOR correlations · SCHL correlations
