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

Moving together with Century Stock

  0.82LGIH LGI HomesPairCorr

Moving against Century Stock

  0.57RL Ralph Lauren CorpPairCorr
  0.49GIL Gildan ActivewearPairCorr
  0.41JXG JX Luxventure Limited Symbol ChangePairCorr
  0.39FOSL Fossil GroupPairCorr
  0.38HAS Hasbro IncPairCorr
  0.38KTB Kontoor BrandsPairCorr
  0.52GOOS Canada Goose HoldingsPairCorr
  0.45LEVI Levi StraussPairCorr
  0.42SKX Skechers USAPairCorr
  0.42TPR TapestryPairCorr
  0.34JOUT Johnson OutdoorsPairCorr
  0.56SONY Sony Group CorpPairCorr
  0.49LIVE Live VenturesPairCorr
  0.48RCKY Rocky BrandsPairCorr
  0.45PLBY Plby GroupPairCorr

Related Correlations Analysis

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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.

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 MessengerChief Financial Officer, SecretaryProfile