Celanese Stock Market Value
| CE Stock | USD 75.00 2.10 2.88% |
| Symbol | Celanese |
Celanese Price To Book Ratio
Is Specialty Chemicals 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 Celanese. If investors know Celanese 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 Celanese 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 (0.88) | Dividend Share 2.8 | Earnings Share 10.04 | Revenue Per Share 95.989 | Quarterly Revenue Growth (0.03) |
The market value of Celanese is measured differently than its book value, which is the value of Celanese that is recorded on the company's balance sheet. Investors also form their own opinion of Celanese's value that differs from its market value or its book value, called intrinsic value, which is Celanese'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 Celanese's market value can be influenced by many factors that don't directly affect Celanese'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 Celanese's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celanese is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celanese'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.
Celanese '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 Celanese'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 Celanese.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Celanese on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Celanese or generate 0.0% return on investment in Celanese over 30 days. Celanese is related to or competes with Tronox Holdings, Green Plains, Lsb Industries, Valhi, Huntsman, BASF SE, and Westlake Chemical. Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered p... More
Celanese 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 Celanese'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 Celanese upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 33.85 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 2.94 |
Celanese Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celanese's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celanese's standard deviation. In reality, there are many statistical measures that can use Celanese historical prices to predict the future Celanese's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (1.26) | |||
| Treynor Ratio | (1.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Celanese's 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.
Celanese Backtested Returns
Celanese secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. Celanese exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Celanese's Risk Adjusted Performance of (0.14), mean deviation of 1.97, and Standard Deviation of 3.89 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Celanese's returns are expected to increase less than the market. However, during the bear market, the loss of holding Celanese is expected to be smaller as well. At this point, Celanese has a negative expected return of -0.78%. Please make sure to confirm Celanese's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Celanese performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Celanese has below average predictability. Overlapping area represents the amount of predictability between Celanese time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Celanese price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Celanese price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 26.43 |
Celanese lagged returns against current returns
Autocorrelation, which is Celanese 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 Celanese's stock expected returns. We can calculate the autocorrelation of Celanese returns to help us make a trade decision. For example, suppose you find that Celanese 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 |
Celanese 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 Celanese stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celanese stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celanese stock over time.
Current vs Lagged Prices |
| Timeline |
Celanese Lagged Returns
When evaluating Celanese's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celanese stock have on its future price. Celanese 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, Celanese autocorrelation shows the relationship between Celanese stock current value and its past values and can show if there is a momentum factor associated with investing in Celanese.
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.Check out Celanese Correlation, Celanese Volatility and Celanese Alpha and Beta module to complement your research on Celanese. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Celanese 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.