Century Insurance (Pakistan) Market Value
| CENI Stock | 33.98 0.02 0.06% |
| Symbol | Century |
Century Insurance '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 Century Insurance'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 Century Insurance.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Century Insurance on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Century Insurance or generate 0.0% return on investment in Century Insurance over 30 days. Century Insurance is related to or competes with Packages, WorldCall Telecom, Nimir Industrial, Roshan Packages, and Honda Atlas. More
Century Insurance 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 Century Insurance'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 Century Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.1668 | |||
| Maximum Drawdown | 10.74 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 4.72 |
Century Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Insurance's standard deviation. In reality, there are many statistical measures that can use Century Insurance historical prices to predict the future Century Insurance's volatility.| Risk Adjusted Performance | 0.1708 | |||
| Jensen Alpha | 0.5028 | |||
| Total Risk Alpha | 0.1818 | |||
| Sortino Ratio | 0.1708 | |||
| Treynor Ratio | (1.82) |
Century Insurance Backtested Returns
Century Insurance appears to be very steady, given 3 months investment horizon. Century Insurance 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. We have found thirty technical indicators for Century Insurance, which you can use to evaluate the volatility of the firm. Please makes use of Century Insurance's Mean Deviation of 1.6, downside deviation of 2.21, and Risk Adjusted Performance of 0.1708 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Century Insurance holds a performance score of 16. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Century Insurance are expected to decrease at a much lower rate. During the bear market, Century Insurance is likely to outperform the market. Please check Century Insurance's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Century Insurance's price patterns will revert.
Auto-correlation | 0.51 |
Modest predictability
Century Insurance has modest predictability. Overlapping area represents the amount of predictability between Century Insurance 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 Century Insurance price movement. The serial correlation of 0.51 indicates that about 51.0% of current Century Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Century Insurance lagged returns against current returns
Autocorrelation, which is Century Insurance 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 Century Insurance's stock expected returns. We can calculate the autocorrelation of Century Insurance returns to help us make a trade decision. For example, suppose you find that Century Insurance 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 |
Century Insurance 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 Century Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Century Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Century Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Century Insurance Lagged Returns
When evaluating Century Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Century Insurance stock have on its future price. Century Insurance 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, Century Insurance autocorrelation shows the relationship between Century Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Century Insurance.
Regressed Prices |
| Timeline |
Pair Trading with Century Insurance
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 Century Insurance 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 Century Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with Century Stock
Moving against Century Stock
The ability to find closely correlated positions to Century Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Insurance 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 Century Insurance - 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 Century Insurance to buy it.
The correlation of Century Insurance 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 Century Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Insurance 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 Century Insurance 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 Century Stock
Century Insurance financial ratios help investors to determine whether Century 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 Century with respect to the benefits of owning Century Insurance security.