Centum Electronics (India) Market Value
| CENTUM Stock | 1,621 50.10 3.19% |
| Symbol | Centum |
Centum Electronics '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 Centum Electronics' 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 Centum Electronics.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Centum Electronics on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Centum Electronics Limited or generate 0.0% return on investment in Centum Electronics over 30 days. Centum Electronics is related to or competes with Life Insurance, Power Finance, HDFC Bank, State Bank, Indian Railway, SBI Life, and Reliance Industries. Centum Electronics is entity of India. It is traded as Stock on NSE exchange. More
Centum Electronics 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 Centum Electronics' 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 Centum Electronics Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0012 | |||
| Maximum Drawdown | 13.1 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 5.81 |
Centum Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centum Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centum Electronics' standard deviation. In reality, there are many statistical measures that can use Centum Electronics historical prices to predict the future Centum Electronics' volatility.| Risk Adjusted Performance | 0.045 | |||
| Jensen Alpha | 0.1072 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0014 | |||
| Treynor Ratio | 0.8897 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Centum Electronics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Centum Electronics Backtested Returns
At this point, Centum Electronics is very steady. Centum Electronics secures Sharpe Ratio (or Efficiency) of 0.0468, which signifies that the company had a 0.0468% return per unit of risk over the last 3 months. We have found thirty technical indicators for Centum Electronics Limited, which you can use to evaluate the volatility of the firm. Please confirm Centum Electronics' Downside Deviation of 2.28, risk adjusted performance of 0.045, and Mean Deviation of 1.91 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Centum Electronics has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Centum Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Centum Electronics is expected to be smaller as well. Centum Electronics right now shows a risk of 2.74%. Please confirm Centum Electronics maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Centum Electronics will be following its price patterns.
Auto-correlation | -0.82 |
Excellent reverse predictability
Centum Electronics Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Centum Electronics time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Centum Electronics price movement. The serial correlation of -0.82 indicates that around 82.0% of current Centum Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1922.91 |
Centum Electronics lagged returns against current returns
Autocorrelation, which is Centum Electronics 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 Centum Electronics' stock expected returns. We can calculate the autocorrelation of Centum Electronics returns to help us make a trade decision. For example, suppose you find that Centum Electronics 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 |
Centum Electronics 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 Centum Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centum Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centum Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Centum Electronics Lagged Returns
When evaluating Centum Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centum Electronics stock have on its future price. Centum Electronics 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, Centum Electronics autocorrelation shows the relationship between Centum Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Centum Electronics Limited.
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 Centum Stock
Centum Electronics financial ratios help investors to determine whether Centum 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 Centum with respect to the benefits of owning Centum Electronics security.