Cenergy Holdings (Greece) Market Value
| CENER Stock | EUR 8.40 0.16 1.94% |
| Symbol | Cenergy |
Cenergy Holdings '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 Cenergy Holdings' 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 Cenergy Holdings.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Cenergy Holdings on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cenergy Holdings SA or generate 0.0% return on investment in Cenergy Holdings over 30 days. Cenergy Holdings is related to or competes with Mytilineos, Motor Oil, Hellenic Petroleum, National Bank, EL D, Lampsa Hellenic, and Eurobank Ergasias. Cenergy Holdings SA manufactures and sells steel pipes and cables worldwide More
Cenergy Holdings 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 Cenergy Holdings' 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 Cenergy Holdings SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.73 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 2.82 |
Cenergy Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cenergy Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cenergy Holdings' standard deviation. In reality, there are many statistical measures that can use Cenergy Holdings historical prices to predict the future Cenergy Holdings' volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | 2.66 |
Cenergy Holdings Backtested Returns
Cenergy Holdings secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Cenergy Holdings SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cenergy Holdings' Risk Adjusted Performance of (0.10), standard deviation of 1.72, and Mean Deviation of 1.38 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0936, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cenergy Holdings are expected to decrease at a much lower rate. During the bear market, Cenergy Holdings is likely to outperform the market. At this point, Cenergy Holdings has a negative expected return of -0.2%. Please make sure to confirm Cenergy Holdings' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Cenergy Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Cenergy Holdings SA has below average predictability. Overlapping area represents the amount of predictability between Cenergy Holdings time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Cenergy Holdings price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Cenergy Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Cenergy Holdings lagged returns against current returns
Autocorrelation, which is Cenergy Holdings 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 Cenergy Holdings' stock expected returns. We can calculate the autocorrelation of Cenergy Holdings returns to help us make a trade decision. For example, suppose you find that Cenergy Holdings 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 |
Cenergy Holdings 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 Cenergy Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cenergy Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cenergy Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Cenergy Holdings Lagged Returns
When evaluating Cenergy Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cenergy Holdings stock have on its future price. Cenergy Holdings 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, Cenergy Holdings autocorrelation shows the relationship between Cenergy Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Cenergy Holdings SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Cenergy Stock
Cenergy Holdings financial ratios help investors to determine whether Cenergy 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 Cenergy with respect to the benefits of owning Cenergy Holdings security.