Centamin Plc Stock Market Value
| CEE Stock | CAD 2.48 0.10 3.88% |
| Symbol | Centamin |
Centamin PLC Price To Book Ratio
Centamin PLC '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 Centamin PLC'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 Centamin PLC.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Centamin PLC on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Centamin PLC or generate 0.0% return on investment in Centamin PLC over 30 days. Centamin PLC is related to or competes with Aura Minerals, Eastern Platinum, Entree Resources, and OceanaGold. Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of precious metals in Egypt, the United Kingdom, and Australia. More
Centamin PLC 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 Centamin PLC'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 Centamin PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.0213 | |||
| Maximum Drawdown | 39.81 | |||
| Value At Risk | (5.32) | |||
| Potential Upside | 4.56 |
Centamin PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centamin PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centamin PLC's standard deviation. In reality, there are many statistical measures that can use Centamin PLC historical prices to predict the future Centamin PLC's volatility.| Risk Adjusted Performance | 0.0464 | |||
| Jensen Alpha | 0.1275 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0229 | |||
| Treynor Ratio | 0.2921 |
Centamin PLC Backtested Returns
Centamin PLC appears to be very risky, given 3 months investment horizon. Centamin PLC secures Sharpe Ratio (or Efficiency) of 0.0592, which signifies that the company had a 0.0592% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Centamin PLC, which you can use to evaluate the volatility of the firm. Please makes use of Centamin PLC's Risk Adjusted Performance of 0.0464, mean deviation of 2.77, and Downside Deviation of 4.19 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Centamin PLC holds a performance score of 4. The firm shows a Beta (market volatility) of 0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Centamin PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Centamin PLC is expected to be smaller as well. Please check Centamin PLC's downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Centamin PLC's price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Centamin PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Centamin PLC time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Centamin PLC price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Centamin PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Centamin PLC lagged returns against current returns
Autocorrelation, which is Centamin PLC 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 Centamin PLC's stock expected returns. We can calculate the autocorrelation of Centamin PLC returns to help us make a trade decision. For example, suppose you find that Centamin PLC 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 |
Centamin PLC 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 Centamin PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centamin PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centamin PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Centamin PLC Lagged Returns
When evaluating Centamin PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centamin PLC stock have on its future price. Centamin PLC 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, Centamin PLC autocorrelation shows the relationship between Centamin PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Centamin PLC.
Regressed Prices |
| Timeline |
Pair Trading with Centamin PLC
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 Centamin PLC 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 Centamin PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Centamin Stock
Moving against Centamin Stock
The ability to find closely correlated positions to Centamin PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centamin PLC 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 Centamin PLC - 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 Centamin PLC to buy it.
The correlation of Centamin PLC 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 Centamin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centamin PLC 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 Centamin PLC 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.Other Information on Investing in Centamin Stock
Centamin PLC financial ratios help investors to determine whether Centamin 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 Centamin with respect to the benefits of owning Centamin PLC security.