Century Communities Stock Market Value
CCS Stock | USD 96.50 1.91 2.02% |
Symbol | Century |
Century Communities Price To Book Ratio
Is Century Communities' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Century Communities. If investors know Century will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Century Communities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.154 | Dividend Share 0.92 | Earnings Share 8.05 | Revenue Per Share 115.674 | Quarterly Revenue Growth 0.022 |
The market value of Century Communities is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Communities' value that differs from its market value or its book value, called intrinsic value, which is Century Communities' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Century Communities' market value can be influenced by many factors that don't directly affect Century Communities' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Century Communities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Communities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Communities' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Century Communities 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Century Communities' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Century Communities.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Century Communities on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Century Communities or generate 0.0% return on investment in Century Communities over 30 days. Century Communities is related to or competes with Malibu Boats, MCBC Holdings, Brunswick, Ralph Lauren, Under Armour, Dogness International, and Singing Machine. Century Communities, Inc., together with its subsidiaries, engages in the design, development, construction, marketing, ... More
Century Communities Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Century Communities' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Century Communities upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.32 | |||
Information Ratio | 2.0E-4 | |||
Maximum Drawdown | 13.07 | |||
Value At Risk | (3.79) | |||
Potential Upside | 2.53 |
Century Communities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Communities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Communities' standard deviation. In reality, there are many statistical measures that can use Century Communities historical prices to predict the future Century Communities' volatility.Risk Adjusted Performance | 0.0416 | |||
Jensen Alpha | (0.18) | |||
Total Risk Alpha | (0.36) | |||
Sortino Ratio | 2.0E-4 | |||
Treynor Ratio | 0.0513 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Century Communities' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Century Communities Backtested Returns
We consider Century Communities very steady. Century Communities secures Sharpe Ratio (or Efficiency) of 0.0403, which signifies that the company had a 0.0403% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Century Communities, which you can use to evaluate the volatility of the firm. Please confirm Century Communities' Risk Adjusted Performance of 0.0416, downside deviation of 2.32, and Mean Deviation of 1.66 to double-check if the risk estimate we provide is consistent with the expected return of 0.0911%. Century Communities has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.43, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Century Communities will likely underperform. Century Communities right now shows a risk of 2.26%. Please confirm Century Communities semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Century Communities will be following its price patterns.
Auto-correlation | 0.32 |
Below average predictability
Century Communities has below average predictability. Overlapping area represents the amount of predictability between Century Communities time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Century Communities price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Century Communities price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.32 | |
Spearman Rank Test | 0.36 | |
Residual Average | 0.0 | |
Price Variance | 9.0 |
Century Communities lagged returns against current returns
Autocorrelation, which is Century Communities stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Century Communities' stock expected returns. We can calculate the autocorrelation of Century Communities returns to help us make a trade decision. For example, suppose you find that Century Communities has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Century Communities regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Century Communities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Century Communities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Century Communities stock over time.
Current vs Lagged Prices |
Timeline |
Century Communities Lagged Returns
When evaluating Century Communities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Century Communities stock have on its future price. Century Communities autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Century Communities autocorrelation shows the relationship between Century Communities stock current value and its past values and can show if there is a momentum factor associated with investing in Century Communities.
Regressed Prices |
Timeline |
Pair Trading with Century Communities
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Century Communities position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Century Communities will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Century Communities 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 Communities 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 Communities - 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 Communities to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Century Communities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Communities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Century Communities can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Century Communities Correlation, Century Communities Volatility and Century Communities Alpha and Beta module to complement your research on Century Communities. For more information on how to buy Century Stock please use our How to Invest in Century Communities guide.Note that the Century Communities information on this page should be used as a complementary analysis to other Century Communities' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Century Stock analysis
When running Century Communities' price analysis, check to measure Century Communities' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Century Communities is operating at the current time. Most of Century Communities' value examination focuses on studying past and present price action to predict the probability of Century Communities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Communities' price. Additionally, you may evaluate how the addition of Century Communities to your portfolios can decrease your overall portfolio volatility.
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Century Communities technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.