Co-movers

daily closes · 499dMethod

Moved together

GRBKwithDHI

×0.83co-movement · DHI on GRBK · 499d

r 0.81scale to r 0.75

Shared co-movers7with GRBKwith DHI

PHMPultegroup Incr 0.86r 0.92

MTHMeritage Homes Corpr 0.85r 0.87

KBHKB Homer 0.83r 0.87

TOLToll Brothers, Inc.r 0.83r 0.86

MHOM/I Homes, Inc.r 0.84r 0.81

CCSCentury Communities, Inc.r 0.82r 0.81

GRBK, solidDHI, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

GRBK compared with DHI: revenue, margins and what each company keeps, and the suppliers and customers both name