Century Financial Correlations

CYFL Stock

USD 43.50 0.61 1.42%

The current 90-days correlation between Century Financial Corp and Eastern Michigan Financial is 0.1 (i.e., Average 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

Weak diversification

The correlation between Century Financial Corp and DJI is 0.32 (i.e., Weak 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

0.66	SSNLF	Samsung Electronics	Pair Corr
0.75	JPM	JPMorgan Chase	Pair Corr
0.87	T	ATT Inc Aggressive Push	Pair Corr
0.8	GE	GE Aerospace	Pair Corr
0.9	CSCO	Cisco Systems	Pair Corr
0.79	KO	Coca Cola	Pair Corr
0.68	WMT	Walmart Aggressive Push	Pair Corr

Moving against Century Pink Sheet

0.85	PBCRY	Bank Central Asia	Pair Corr
0.8	MRK	Merck Company Aggressive Push	Pair Corr
0.78	PTAIY	Astra International Tbk	Pair Corr
0.77	PPERF	Bank Mandiri Persero	Pair Corr
0.77	PPERY	Bank Mandiri Persero	Pair Corr
0.72	PBCRF	PT Bank Central	Pair Corr
0.71	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.67	BKRKY	Bank Rakyat	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.62	TLK	Telkom Indonesia Tbk Downward Rally	Pair Corr
0.6	MSFT	Microsoft	Pair Corr
0.41	HPQ	HP Inc	Pair Corr
0.34	HD	Home Depot	Pair Corr

Related Correlations Analysis

	SFIGA	EFIN	GNRV	BORT	FIDS	PCLB	APLO	CEFC	KEFI	BKUTK
SFIGA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SFIGA
EFIN	0.0		0.94	0.75	0.29	0.0	0.75	0.84	0.0	-0.51	EFIN
GNRV	0.0	0.94		0.73	0.18	0.0	0.82	0.81	0.0	-0.47	GNRV
BORT	0.0	0.75	0.73		0.57	0.0	0.59	0.8	0.0	-0.35	BORT
FIDS	0.0	0.29	0.18	0.57		0.0	-0.1	0.58	0.0	0.25	FIDS
PCLB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PCLB
APLO	0.0	0.75	0.82	0.59	-0.1	0.0		0.52	0.0	-0.57	APLO
CEFC	0.0	0.84	0.81	0.8	0.58	0.0	0.52		0.0	-0.24	CEFC
KEFI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	KEFI
BKUTK	0.0	-0.51	-0.47	-0.35	0.25	0.0	-0.57	-0.24	0.0		BKUTK
	SFIGA	EFIN	GNRV	BORT	FIDS	PCLB	APLO	CEFC	KEFI	BKUTK

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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

GNRV	+ 0.94	EFIN
CEFC	+ 0.84	EFIN
APLO	+ 0.82	GNRV
CEFC	+ 0.81	GNRV
CEFC	+ 0.8	BORT
BORT	+ 0.75	EFIN

High negative correlations

BKUTK	- 0.57	APLO
BKUTK	- 0.51	EFIN
BKUTK	- 0.47	GNRV
BKUTK	- 0.35	BORT
BKUTK	- 0.24	CEFC
APLO	- 0.1	FIDS

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SFIGA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EFIN	0.96	0.21	0.08	(0.70)	1.23	(1.97)	2.78	(1.70)	17.40
GNRV	1.24	0.50	0.21	7.88	0.57	(2.76)	3.95	(2.00)	9.85
BORT	0.61	0.08	0.07	(0.38)	0.74	(0.92)	2.01	(1.84)	6.13
FIDS	1.56	0.00	0.05	0.00	1.82	(4.46)	5.21	(3.88)	16.93
PCLB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APLO	0.90	0.09	0.04	0.16	1.31	(1.74)	1.82	(2.31)	15.55
CEFC	0.95	0.21	0.10	(0.61)	1.08	(1.64)	2.94	(2.33)	10.33
KEFI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BKUTK	1.37	(0.04)	0.00	0.46	0.00	0.00	5.07	(4.08)	14.99

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.

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