CENTRAL PUERTO (Germany) Market Value
| C3TA Stock | EUR 13.80 0.80 6.15% |
| Symbol | CENTRAL |
CENTRAL PUERTO '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 PUERTO'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 PUERTO.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in CENTRAL PUERTO on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding CENTRAL PUERTO ADR1 or generate 0.0% return on investment in CENTRAL PUERTO over 30 days. CENTRAL PUERTO is related to or competes with China Communications, United Rentals, Iridium Communications, SK TELECOM, Comba Telecom, Charter Communications, and ALBIS LEASING. Central Puerto S.A. generates and sells electric power to private and public customers in Argentina More
CENTRAL PUERTO 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 PUERTO'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 PUERTO ADR1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.2426 | |||
| Maximum Drawdown | 11.27 | |||
| Value At Risk | (3.29) | |||
| Potential Upside | 5.3 |
CENTRAL PUERTO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CENTRAL PUERTO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CENTRAL PUERTO's standard deviation. In reality, there are many statistical measures that can use CENTRAL PUERTO historical prices to predict the future CENTRAL PUERTO's volatility.| Risk Adjusted Performance | 0.2188 | |||
| Jensen Alpha | 0.7472 | |||
| Total Risk Alpha | 0.3221 | |||
| Sortino Ratio | 0.2649 | |||
| Treynor Ratio | (2.37) |
CENTRAL PUERTO ADR1 Backtested Returns
CENTRAL PUERTO appears to be not too volatile, given 3 months investment horizon. CENTRAL PUERTO ADR1 secures Sharpe Ratio (or Efficiency) of 0.32, which signifies that the company had a 0.32% return per unit of risk over the last 3 months. By examining CENTRAL PUERTO's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please makes use of CENTRAL PUERTO's risk adjusted performance of 0.2188, and Mean Deviation of 1.92 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CENTRAL PUERTO holds a performance score of 25. The firm shows a Beta (market volatility) of -0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CENTRAL PUERTO are expected to decrease at a much lower rate. During the bear market, CENTRAL PUERTO is likely to outperform the market. Please check CENTRAL PUERTO's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether CENTRAL PUERTO's price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
CENTRAL PUERTO ADR1 has modest predictability. Overlapping area represents the amount of predictability between CENTRAL PUERTO time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 PUERTO ADR1 price movement. The serial correlation of 0.55 indicates that about 55.0% of current CENTRAL PUERTO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
CENTRAL PUERTO ADR1 lagged returns against current returns
Autocorrelation, which is CENTRAL PUERTO 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 PUERTO's stock expected returns. We can calculate the autocorrelation of CENTRAL PUERTO returns to help us make a trade decision. For example, suppose you find that CENTRAL PUERTO 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 PUERTO 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 PUERTO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CENTRAL PUERTO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CENTRAL PUERTO stock over time.
Current vs Lagged Prices |
| Timeline |
CENTRAL PUERTO Lagged Returns
When evaluating CENTRAL PUERTO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CENTRAL PUERTO stock have on its future price. CENTRAL PUERTO 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 PUERTO autocorrelation shows the relationship between CENTRAL PUERTO stock current value and its past values and can show if there is a momentum factor associated with investing in CENTRAL PUERTO ADR1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CENTRAL Stock
CENTRAL PUERTO 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 PUERTO security.