Central Industrial (Malaysia) Market Value
| 8052 Stock | 0.86 0.02 2.38% |
| Symbol | Central |
Central Industrial '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 Central Industrial's 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 Central Industrial.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Central Industrial on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Central Industrial Corp or generate 0.0% return on investment in Central Industrial over 510 days. Central Industrial is related to or competes with Supercomnet Technologies, Aurelius Technologies, PMB Technology, Star Media, MI Technovation, Duopharma Biotech, and Binasat Communications. More
Central Industrial 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 Central Industrial's 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 Central Industrial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.42 | |||
| Information Ratio | 0.011 | |||
| Maximum Drawdown | 46.9 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.22 |
Central Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Industrial's standard deviation. In reality, there are many statistical measures that can use Central Industrial historical prices to predict the future Central Industrial's volatility.| Risk Adjusted Performance | 0.0389 | |||
| Jensen Alpha | 0.1392 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.0089 | |||
| Treynor Ratio | 0.7149 |
Central Industrial Corp Backtested Returns
As of now, Central Stock is abnormally volatile. Central Industrial Corp secures Sharpe Ratio (or Efficiency) of 0.0411, which signifies that the company had a 0.0411% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Central Industrial Corp, which you can use to evaluate the volatility of the firm. Please confirm Central Industrial's Downside Deviation of 5.42, risk adjusted performance of 0.0389, and Mean Deviation of 1.28 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Central Industrial has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Central Industrial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Industrial is expected to be smaller as well. Central Industrial Corp right now shows a risk of 4.51%. Please confirm Central Industrial Corp downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Central Industrial Corp will be following its price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Central Industrial Corp has virtually no predictability. Overlapping area represents the amount of predictability between Central Industrial time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th of November 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 Central Industrial Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current Central Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Central Industrial Corp lagged returns against current returns
Autocorrelation, which is Central Industrial 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 Central Industrial's stock expected returns. We can calculate the autocorrelation of Central Industrial returns to help us make a trade decision. For example, suppose you find that Central Industrial 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 |
Central Industrial 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 Central Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Central Industrial Lagged Returns
When evaluating Central Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Industrial stock have on its future price. Central Industrial 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, Central Industrial autocorrelation shows the relationship between Central Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Central Industrial Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Central Stock
Central Industrial financial ratios help investors to determine whether Central Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Central with respect to the benefits of owning Central Industrial security.