Century Financial Correlations

CYFL Stock  USD 46.96  0.04  0.09%   
The current 90-days correlation between Century Financial Corp and Eastern Michigan Financial is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Century Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Century Financial Correlation With Market

Significant diversification

The correlation between Century Financial Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Century Financial Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Century Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Century Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Century Financial Corp to buy it.

Moving together with Century Pink Sheet

  0.79GLABF Gemina LaboratoriesPairCorr
  0.67ZTLLF ZonetailPairCorr
  0.87NSFDF NXT Energy Solutions Earnings Call TomorrowPairCorr
  0.9VZ Verizon CommunicationsPairCorr
  0.92JNJ Johnson JohnsonPairCorr
  0.87TRV The Travelers CompaniesPairCorr
  0.62PG Procter GamblePairCorr
  0.63IBM International BusinessPairCorr
  0.75MCD McDonaldsPairCorr

Moving against Century Pink Sheet

  0.85MSFT MicrosoftPairCorr
  0.82AA Alcoa CorpPairCorr
  0.79HPQ HP IncPairCorr
  0.71CAT CaterpillarPairCorr
  0.68HD Home DepotPairCorr
  0.53BA BoeingPairCorr
  0.38MRK Merck CompanyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
GNRVEFIN
APLOGNRV
APLOEFIN
APLOBORT
BORTGNRV
BORTEFIN
  
High negative correlations   
BKUTKCEFC
BKUTKEFIN
BKUTKGNRV
BKUTKAPLO
BKUTKBORT
FIDSGNRV

Risk-Adjusted Indicators

There is a big difference between Century Pink Sheet performing well and Century Financial 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 Financial's 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SFIGA  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
EFIN  1.06  0.27  0.09 (1.88) 1.55 
 2.65 
 17.21 
GNRV  1.05  0.45  0.00  7.76  0.00 
 3.51 
 9.85 
BORT  0.55  0.08  0.10 (1.13) 0.69 
 2.01 
 6.21 
FIDS  0.75  0.10  0.08  0.33  0.80 
 2.19 
 16.93 
PCLB  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
APLO  0.93  0.28  0.14  0.61  0.81 
 1.45 
 13.95 
CEFC  1.18  0.05  0.07 (0.22) 1.50 
 2.86 
 10.28 
KEFI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BKUTK  1.13 (0.01) 0.02 (0.03) 1.72 
 3.28 
 11.96 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Century Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Watchlist Optimization Now

   

Watchlist Optimization

Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
All  Next Launch Module