Central Bank (India) Market Value
| CENTRALBK | 56.71 4.39 8.39% |
| Symbol | Central |
Central Bank '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 Central Bank'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 Central Bank.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Central Bank on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Central Bank of or generate 0.0% return on investment in Central Bank over 30 days. Central Bank is related to or competes with MRF, JSW Holdings, Maharashtra Scooters, Nalwa Sons, Kalyani Investment, Pilani Investment, and Vardhman Holdings. Central Bank is entity of India. It is traded as Stock on NSE exchange. More
Central Bank 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 Central Bank'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 Central Bank of upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.42 | |||
| Value At Risk | (4.47) | |||
| Potential Upside | 3.06 |
Central Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Bank's standard deviation. In reality, there are many statistical measures that can use Central Bank historical prices to predict the future Central Bank's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (111.22) |
Central Bank Backtested Returns
Central Bank secures Sharpe Ratio (or Efficiency) of -0.0364, which signifies that the company had a -0.0364% return per unit of risk over the last 3 months. Central Bank of exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Central Bank's Risk Adjusted Performance of (0.06), standard deviation of 2.18, and Mean Deviation of 1.54 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0019, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Central Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Bank is expected to be smaller as well. At this point, Central Bank has a negative expected return of -0.0906%. Please make sure to confirm Central Bank's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Central Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Central Bank of has very good reverse predictability. Overlapping area represents the amount of predictability between Central Bank 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 Central Bank price movement. The serial correlation of -0.7 indicates that around 70.0% of current Central Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 2.86 |
Central Bank lagged returns against current returns
Autocorrelation, which is Central Bank 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 Central Bank's stock expected returns. We can calculate the autocorrelation of Central Bank returns to help us make a trade decision. For example, suppose you find that Central Bank 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 |
Central Bank 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 Central Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Central Bank Lagged Returns
When evaluating Central Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Bank stock have on its future price. Central Bank 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, Central Bank autocorrelation shows the relationship between Central Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Central Bank of.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Central Stock
Central Bank financial ratios help investors to determine whether Central 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 Central with respect to the benefits of owning Central Bank security.