Cenntro Electric Group Stock Market Value
| CENN Stock | USD 1.25 0.02 1.63% |
| Symbol | Cenntro |
Cenntro Electric Price To Book Ratio
Is Automotive Parts & Equipment 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 Cenntro Electric. If investors know Cenntro 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 Cenntro Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.32) | Revenue Per Share 1.2 | Quarterly Revenue Growth 1.903 | Return On Assets (0.15) | Return On Equity (0.35) |
The market value of Cenntro Electric is measured differently than its book value, which is the value of Cenntro that is recorded on the company's balance sheet. Investors also form their own opinion of Cenntro Electric's value that differs from its market value or its book value, called intrinsic value, which is Cenntro Electric'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 Cenntro Electric's market value can be influenced by many factors that don't directly affect Cenntro Electric'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 Cenntro Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenntro Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenntro Electric'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.
Cenntro Electric '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 Cenntro Electric'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 Cenntro Electric.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cenntro Electric on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cenntro Electric Group or generate 0.0% return on investment in Cenntro Electric over 30 days. Cenntro Electric is related to or competes with Mullen Automotive, Canoo, Hyzon Motors, AYRO, Workhorse, Faraday Future, and GreenPower. Cenntro Electric Group Limited designs and manufactures electric light and medium-duty commercial vehicles in Europe, No... More
Cenntro Electric 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 Cenntro Electric'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 Cenntro Electric Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 15.83 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 5.26 |
Cenntro Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cenntro Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cenntro Electric's standard deviation. In reality, there are many statistical measures that can use Cenntro Electric historical prices to predict the future Cenntro Electric's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.19) |
Cenntro Electric Backtested Returns
Cenntro Electric secures Sharpe Ratio (or Efficiency) of -0.0064, which signifies that the company had a -0.0064% return per unit of risk over the last 3 months. Cenntro Electric Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cenntro Electric's Mean Deviation of 1.84, standard deviation of 2.72, and Risk Adjusted Performance of (0.04) 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. Cenntro Electric returns are very sensitive to returns on the market. As the market goes up or down, Cenntro Electric is expected to follow. At this point, Cenntro Electric has a negative expected return of -0.0166%. Please make sure to confirm Cenntro Electric's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Cenntro Electric performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Cenntro Electric Group has weak reverse predictability. Overlapping area represents the amount of predictability between Cenntro Electric 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 Cenntro Electric price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Cenntro Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cenntro Electric lagged returns against current returns
Autocorrelation, which is Cenntro Electric 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 Cenntro Electric's stock expected returns. We can calculate the autocorrelation of Cenntro Electric returns to help us make a trade decision. For example, suppose you find that Cenntro Electric 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 |
Cenntro Electric 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 Cenntro Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cenntro Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cenntro Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Cenntro Electric Lagged Returns
When evaluating Cenntro Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cenntro Electric stock have on its future price. Cenntro Electric 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, Cenntro Electric autocorrelation shows the relationship between Cenntro Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Cenntro Electric Group.
Regressed Prices |
| Timeline |
When determining whether Cenntro Electric offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cenntro Electric's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cenntro Electric Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cenntro Electric Group Stock:
Check out Cenntro Electric Correlation, Cenntro Electric Volatility and Cenntro Electric Alpha and Beta module to complement your research on Cenntro Electric. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Cenntro Electric 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.