Century Communities Correlations
CCS Stock | USD 59.67 1.38 2.26% |
The current 90-days correlation between Century Communities and Titan Machinery is 0.59 (i.e., Very weak 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 0.4 (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.
Moving together with Century Stock
Moving against Century Stock
0.57 | RL | Ralph Lauren Corp | PairCorr |
0.49 | GIL | Gildan Activewear | PairCorr |
0.41 | JXG | JX Luxventure Limited Symbol Change | PairCorr |
0.39 | FOSL | Fossil Group | PairCorr |
0.38 | HAS | Hasbro Inc | PairCorr |
0.38 | KTB | Kontoor Brands | PairCorr |
0.52 | GOOS | Canada Goose Holdings | PairCorr |
0.45 | LEVI | Levi Strauss | PairCorr |
0.42 | SKX | Skechers USA | PairCorr |
0.42 | TPR | Tapestry | PairCorr |
0.34 | JOUT | Johnson Outdoors | PairCorr |
0.56 | SONY | Sony Group Corp | PairCorr |
0.49 | LIVE | Live Ventures | PairCorr |
0.48 | RCKY | Rocky Brands | PairCorr |
0.45 | PLBY | Plby Group | PairCorr |
Related Correlations Analysis
0.39 | 0.34 | 0.55 | 0.38 | 0.5 | 0.32 | LOGC | ||
0.39 | 0.8 | 0.69 | 0.57 | 0.76 | 0.75 | BBY | ||
0.34 | 0.8 | 0.88 | 0.47 | 0.87 | 0.79 | TITN | ||
0.55 | 0.69 | 0.88 | 0.61 | 0.92 | 0.62 | CPNG | ||
0.38 | 0.57 | 0.47 | 0.61 | 0.47 | 0.14 | PDS | ||
0.5 | 0.76 | 0.87 | 0.92 | 0.47 | 0.77 | SE | ||
0.32 | 0.75 | 0.79 | 0.62 | 0.14 | 0.77 | VSCO | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LOGC | 2.38 | 0.00 | (0.02) | 0.11 | 3.82 | 5.95 | 23.38 | |||
BBY | 2.35 | (0.11) | (0.01) | 0.03 | 4.08 | 3.99 | 20.59 | |||
TITN | 2.48 | 0.28 | 0.09 | 0.31 | 2.85 | 4.74 | 17.04 | |||
CPNG | 1.54 | 0.40 | 0.20 | 0.47 | 1.62 | 3.64 | 14.48 | |||
PDS | 2.44 | 0.02 | 0.02 | 0.12 | 3.36 | 5.42 | 23.23 | |||
SE | 2.20 | 0.11 | 0.04 | 0.18 | 3.52 | 3.26 | 18.71 | |||
VSCO | 3.68 | 0.13 | 0.03 | 0.18 | 5.51 | 6.13 | 30.82 |
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 | Profile |