Century Communities Correlations

CCS Stock  USD 68.96  1.35  1.92%   
The current 90-days correlation between Century Communities and Taylor Morn Home is 0.81 (i.e., Very poor 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

Weak diversification

The correlation between Century Communities and DJI is 0.37 (i.e., 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

  0.74UA Under Armour CPairCorr
  0.71BZH Beazer Homes USAPairCorr
  0.85HOV Hovnanian EnterprisesPairCorr
  0.93KBH KB HomePairCorr
  0.69KTB Kontoor BrandsPairCorr
  0.79MHO MI HomesPairCorr
  0.9MTH MeritagePairCorr
  0.7OXM Oxford Industries Earnings Call This WeekPairCorr
  0.84TPH TRI Pointe HomesPairCorr
  0.63ZGN Ermenegildo Zegna Earnings Call This WeekPairCorr
  0.75GIII G III ApparelPairCorr
  0.88LGIH LGI HomesPairCorr
  0.74LIVE Live VenturesPairCorr
  0.74TMHC Taylor Morn HomePairCorr
  0.75HD Home DepotPairCorr
  0.71RH RH Earnings Call This WeekPairCorr
  0.75ETSY Etsy IncPairCorr
  0.68WING WingstopPairCorr
  0.66XELB Xcel BrandsPairCorr
  0.83FND Floor Decor HoldingsPairCorr
  0.78LOW Lowes CompaniesPairCorr
  0.68GLBE Global E OnlinePairCorr
  0.67KIRK KirklandsPairCorr

Moving against Century Stock

  0.59YUM Yum BrandsPairCorr
  0.49NATH Nathans FamousPairCorr
  0.49XOSWW Xos Equity WarrantsPairCorr
  0.46MCD McDonaldsPairCorr
  0.43MELI MercadoLibrePairCorr
  0.41PDD PDD HoldingsPairCorr
  0.38DRI Darden RestaurantsPairCorr

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