Centor Roic vs Invested Capital Analysis
Centor Energy financial indicator trend analysis is way more than just evaluating Centor Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centor Energy is a good investment. Please check the relationship between Centor Energy Roic and its Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Centor Stock, please use our How to Invest in Centor Energy guide.
Roic vs Invested Capital
Roic vs Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Centor Energy Roic account and Invested Capital. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Centor Energy's Roic and Invested Capital is 0.12. Overlapping area represents the amount of variation of Roic that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Centor Energy, assuming nothing else is changed. The correlation between historical values of Centor Energy's Roic and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roic of Centor Energy are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Roic i.e., Centor Energy's Roic and Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.12 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Centor Energy. There are two different methods for calculating Centor Energy invested capital: operating approach and financing approach. Understanding Centor Energy invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Most indicators from Centor Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centor Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Centor Stock, please use our How to Invest in Centor Energy guide.As of the 27th of November 2024, Selling General Administrative is likely to drop to about 30.5 K. In addition to that, Enterprise Value Over EBITDA is likely to drop to -426.14
| 2023 | 2024 (projected) | Total Operating Expenses | 56.5K | 41.7K | Non Recurring | 12.0K | 10.7K |
Centor Energy fundamental ratios Correlations
Click cells to compare fundamentals
Centor Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Centor Energy
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 Centor Energy 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 Centor Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Centor Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centor Energy 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 Centor Energy - 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 Centor Energy to buy it.
The correlation of Centor Energy 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 Centor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centor Energy 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 Centor Energy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Centor Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Centor Stock, please use our How to Invest in Centor Energy guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Diversified Metals & Mining space 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 Centor Energy. If investors know Centor 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 Centor Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (6.09) |
The market value of Centor Energy is measured differently than its book value, which is the value of Centor that is recorded on the company's balance sheet. Investors also form their own opinion of Centor Energy's value that differs from its market value or its book value, called intrinsic value, which is Centor Energy's 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 Centor Energy's market value can be influenced by many factors that don't directly affect Centor Energy's 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 Centor Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centor Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centor Energy's 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.