Century Communities Correlations

CCS Stock

USD 90.36 0.44 0.48%

The current 90-days correlation between Century Communities and Taylor Morn Home is 0.86 (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

Modest diversification

The correlation between Century Communities and DJI is 0.27 (i.e., Modest 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

0.76	DOOO	BRP Inc	Pair Corr
0.63	EZGO	EZGO Technologies	Pair Corr
0.73	FEBO	Fenbo Holdings	Pair Corr
0.86	HAS	Hasbro Inc	Pair Corr
0.71	MHO	MI Homes	Pair Corr
0.8	NKE	Nike Inc Aggressive Push	Pair Corr
0.68	SKX	Skechers USA	Pair Corr
0.73	GOOS	Canada Goose Holdings Sell-off Trend	Pair Corr
0.79	JXJT	JX Luxventure Limited	Pair Corr
0.88	LEVI	Levi Strauss Fiscal Year End 23rd of January 2025	Pair Corr
0.69	LIVE	Live Ventures Fiscal Year End 18th of December 2024	Pair Corr
0.88	RCKY	Rocky Brands	Pair Corr
0.85	SDHC	Smith Douglas Homes	Pair Corr
0.72	SHOO	Steven Madden	Pair Corr
0.79	BRLT	Brilliant Earth Group	Pair Corr
0.82	CTHR	Charles Colvard	Pair Corr

Moving against Century Stock

0.7	DOGZ	Dogness International	Pair Corr
0.55	RL	Ralph Lauren Corp	Pair Corr
0.55	KTB	Kontoor Brands	Pair Corr
0.51	UAA	Under Armour A Aggressive Push	Pair Corr
0.48	UA	Under Armour C	Pair Corr
0.46	FOSL	Fossil Group	Pair Corr
0.41	PVH	PVH Corp Earnings Call This Week	Pair Corr
0.34	UHG	United Homes Group	Pair Corr
0.79	GM	General Motors	Pair Corr
0.59	SONO	Sonos Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	TMHC	BZH	MTH	TPH	MHO	KBH	HOV	IBP
TMHC		0.79	0.09	0.19	0.46	0.34	-0.02	0.27	TMHC
BZH	0.79		0.4	0.52	0.67	0.59	0.29	0.37	BZH
MTH	0.09	0.4		0.9	0.83	0.91	0.91	0.73	MTH
TPH	0.19	0.52	0.9		0.88	0.83	0.81	0.73	TPH
MHO	0.46	0.67	0.83	0.88		0.82	0.66	0.81	MHO
KBH	0.34	0.59	0.91	0.83	0.82		0.89	0.6	KBH
HOV	-0.02	0.29	0.91	0.81	0.66	0.89		0.54	HOV
IBP	0.27	0.37	0.73	0.73	0.81	0.6	0.54		IBP
	TMHC	BZH	MTH	TPH	MHO	KBH	HOV	IBP

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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

KBH	+ 0.91	MTH
HOV	+ 0.91	MTH
TPH	+ 0.9	MTH
HOV	+ 0.89	KBH
MHO	+ 0.88	TPH
MHO	+ 0.83	MTH

High negative correlations

HOV

- 0.02

TMHC

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
TMHC	1.37	0.08	0.02	0.24	1.64	(1.54)	3.10	(2.82)	9.84
BZH	1.72	0.04	0.03	0.16	2.07	(1.82)	4.14	(3.93)	12.19
MTH	1.56	(0.15)	0.00	(0.04)	0.00	0.00	3.80	(4.82)	10.57
TPH	1.31	(0.14)	0.00	(0.01)	0.00	0.00	2.86	(3.19)	8.57
MHO	1.66	(0.08)	(0.02)	0.06	2.39	(1.60)	3.69	(4.24)	10.66
KBH	1.57	(0.11)	(0.05)	0.01	2.09	(1.64)	3.05	(3.31)	10.10
HOV	2.31	(0.29)	0.00	(0.07)	0.00	0.00	4.74	(5.89)	16.06
IBP	1.99	(0.08)	(0.01)	0.06	2.72	(1.97)	5.19	(4.50)	14.29

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

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