Centric Holdings (Greece) Market Value
| CENTR Stock | EUR 0.33 0.01 2.94% |
| Symbol | Centric |
Centric 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 Centric 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 Centric Holdings.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Centric Holdings on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Centric Holdings SA or generate 0.0% return on investment in Centric Holdings over 540 days. Centric Holdings is related to or competes with Intralot, As Commercial, BriQ Properties, and Trastor Real. Centric Holdings S.A. engages in the casino and gambling operations on ships More
Centric 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 Centric 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 Centric Holdings SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.82 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.03 |
Centric Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centric Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centric Holdings' standard deviation. In reality, there are many statistical measures that can use Centric Holdings historical prices to predict the future Centric Holdings' volatility.| Risk Adjusted Performance | 0.0094 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0131 |
Centric Holdings Backtested Returns
Centric Holdings secures Sharpe Ratio (or Efficiency) of -0.0287, which signifies that the company had a -0.0287% return per unit of risk over the last 3 months. Centric Holdings SA exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centric Holdings' Downside Deviation of 3.15, mean deviation of 0.539, and Risk Adjusted Performance of 0.0094 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0762, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Centric Holdings are expected to decrease at a much lower rate. During the bear market, Centric Holdings is likely to outperform the market. At this point, Centric Holdings has a negative expected return of -0.0381%. Please make sure to confirm Centric Holdings' maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Centric Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Centric Holdings SA has poor reverse predictability. Overlapping area represents the amount of predictability between Centric Holdings time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Centric Holdings price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Centric Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Centric Holdings lagged returns against current returns
Autocorrelation, which is Centric 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 Centric Holdings' stock expected returns. We can calculate the autocorrelation of Centric Holdings returns to help us make a trade decision. For example, suppose you find that Centric 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 |
Centric 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 Centric Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centric Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centric Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Centric Holdings Lagged Returns
When evaluating Centric Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centric Holdings stock have on its future price. Centric 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, Centric Holdings autocorrelation shows the relationship between Centric Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Centric Holdings SA.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Centric Stock
Centric Holdings financial ratios help investors to determine whether Centric 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 Centric with respect to the benefits of owning Centric Holdings security.