Century Communities Correlations

CCS Stock

USD 65.27 1.42 2.22%

The current 90-days correlation between Century Communities and SBM Offshore NV is -0.25 (i.e., Very good diversification). The correlation of Century Communities is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Century Communities Correlation With Market

Very weak diversification

The correlation between Century Communities and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Century Communities and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Century Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Century Communities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

For more information on how to buy Century Stock please use our How to Invest in Century Communities guide.

Moving together with Century Stock

0.73	FLXS	Flexsteel Industries	Pair Corr
0.91	BZH	Beazer Homes USA	Pair Corr
0.88	MHO	MI Homes	Pair Corr
0.95	TPH	TRI Pointe Homes	Pair Corr
0.86	LGIH	LGI Homes	Pair Corr
0.84	SDHC	Smith Douglas Homes	Pair Corr
0.78	BSET	Bassett Furniture	Pair Corr
0.87	TMHC	Taylor Morn Home	Pair Corr

Moving against Century Stock

0.64	SHG	Shinhan Financial	Pair Corr
0.61	GGB	Gerdau SA ADR	Pair Corr
0.4	FIGR	Figure Technology	Pair Corr
0.38	CLLFF	Collins Foods Limited Earnings Call This Week	Pair Corr
0.67	AAPL	Apple Inc	Pair Corr
0.64	SWKH	SWK Holdings Corp	Pair Corr
0.63	ASGOF	Asante Gold	Pair Corr
0.62	A	Agilent Technologies	Pair Corr
0.54	ENSG	Ensign Group	Pair Corr
0.53	OSIS	OSI Systems Tech Boost	Pair Corr
0.5	CCJ	Cameco Corp	Pair Corr
0.49	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.48	TFPM	Triple Flag Precious	Pair Corr
0.48	FR	First Industrial Realty	Pair Corr
0.45	MTD	Mettler Toledo Inter	Pair Corr
0.44	RGRLF	Star Phoenix Group	Pair Corr
0.35	384802AD6	GRAINGER W W	Pair Corr

Related Correlations Analysis

	ELNX	EQTD	SBFFY	HQH	HHGI	TORIF	HLTHQ	GAINN
ELNX		1.0	0.0	0.0	1.0	0.0	0.0	0.0	ELNX
EQTD	1.0		0.0	0.0	1.0	0.0	0.0	0.0	EQTD
SBFFY	0.0	0.0		0.16	0.0	0.0	0.0	0.31	SBFFY
HQH	0.0	0.0	0.16		0.0	0.0	0.0	0.63	HQH
HHGI	1.0	1.0	0.0	0.0		0.0	0.0	0.0	HHGI
TORIF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TORIF
HLTHQ	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HLTHQ
GAINN	0.0	0.0	0.31	0.63	0.0	0.0	0.0		GAINN
	ELNX	EQTD	SBFFY	HQH	HHGI	TORIF	HLTHQ	GAINN

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EQTD	+ 1.0	ELNX
HHGI	+ 1.0	ELNX
HHGI	+ 1.0	EQTD
GAINN	+ 0.63	HQH
GAINN	+ 0.31	SBFFY
HQH	+ 0.16	SBFFY

High negative correlations

GAINN	- 0.0	HLTHQ
GAINN	- 0.0	TORIF
HLTHQ	- 0.0	TORIF
GAINN	- 0.0	HHGI
HLTHQ	- 0.0	HHGI
TORIF	- 0.0	HHGI

Risk-Adjusted Indicators

There is a big difference between Century Stock performing well and Century Communities Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Century Communities' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ELNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EQTD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBFFY	0.90	0.21	0.03	(0.22)	1.17	(4.42)	2.11	(2.02)	25.59
HQH	1.06	0.26	0.18	0.31	1.19	(1.16)	2.66	(1.53)	7.98
HHGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TORIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HLTHQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GAINN	0.30	0.03	(0.08)	(2.93)	0.32	(0.36)	0.68	(0.52)	2.49

Century Communities Corporate Executives

Elected by the shareholders, the Century Communities' board of directors comprises two types of representatives: Century Communities inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Century. The board's role is to monitor Century Communities' management team and ensure that shareholders' interests are well served. Century Communities' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Century Communities' outside directors are responsible for providing unbiased perspectives on the board's policies.

David Messenger

Chief Financial Officer, Secretary

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