Cenergy Holdings (Belgium) Market Value
| CENER Stock | EUR 8.54 0.02 0.23% |
| 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.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Cenergy Holdings on December 8, 2022 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 720 days. Cenergy Holdings is related to or competes with NV Bekaert, AGFA Gevaert, Ageas SANV, and Exmar NV. 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 | (0.09) | |||
| Maximum Drawdown | 17.72 | |||
| Value At Risk | (6.84) | |||
| Potential Upside | 7.02 |
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 | (0.03) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | (0.19) |
Cenergy Holdings Backtested Returns
Cenergy Holdings secures Sharpe Ratio (or Efficiency) of -0.052, which signifies that the company had a -0.052% 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' Mean Deviation of 2.64, risk adjusted performance of (0.03), and Standard Deviation of 3.59 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Cenergy Holdings returns are very sensitive to returns on the market. As the market goes up or down, Cenergy Holdings is expected to follow. At this point, Cenergy Holdings has a negative expected return of -0.19%. 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 | 0.89 |
Very good predictability
Cenergy Holdings SA has very good predictability. Overlapping area represents the amount of predictability between Cenergy Holdings time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 0.89 indicates that approximately 89.0% of current Cenergy Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.37 |
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 |
Pair Trading with Cenergy Holdings
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 Cenergy Holdings 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 Cenergy Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Cenergy Stock
Moving against Cenergy Stock
The ability to find closely correlated positions to Cenergy Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cenergy Holdings 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 Cenergy Holdings - 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 Cenergy Holdings SA to buy it.
The correlation of Cenergy Holdings 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 Cenergy Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenergy Holdings 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 Cenergy Holdings 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 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.