Centamin PLC (UK) Market Value
| CEY Stock | 146.00 2.00 1.39% |
| Symbol | Centamin |
Centamin PLC '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 Centamin PLC'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 Centamin PLC.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Centamin PLC on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Centamin PLC or generate 0.0% return on investment in Centamin PLC over 720 days. Centamin PLC is related to or competes with Atalaya Mining, Anglo Asian, and Metals Exploration. Centamin PLC is entity of United Kingdom More
Centamin PLC 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 Centamin PLC'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 Centamin PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.0462 | |||
| Maximum Drawdown | 28.88 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.33 |
Centamin PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centamin PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centamin PLC's standard deviation. In reality, there are many statistical measures that can use Centamin PLC historical prices to predict the future Centamin PLC's volatility.| Risk Adjusted Performance | 0.0719 | |||
| Jensen Alpha | 0.2845 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0768 | |||
| Treynor Ratio | (8.10) |
Centamin PLC Backtested Returns
Centamin PLC appears to be very steady, given 3 months investment horizon. Centamin PLC secures Sharpe Ratio (or Efficiency) of 0.0819, which signifies that the company had a 0.0819% return per unit of risk over the last 3 months. We have found thirty technical indicators for Centamin PLC, which you can use to evaluate the volatility of the firm. Please makes use of Centamin PLC's Mean Deviation of 1.95, risk adjusted performance of 0.0719, and Downside Deviation of 2.08 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Centamin PLC holds a performance score of 6. The firm shows a Beta (market volatility) of -0.0346, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Centamin PLC are expected to decrease at a much lower rate. During the bear market, Centamin PLC is likely to outperform the market. Please check Centamin PLC's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Centamin PLC's price patterns will revert.
Auto-correlation | -0.73 |
Almost perfect reverse predictability
Centamin PLC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Centamin PLC time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Centamin PLC price movement. The serial correlation of -0.73 indicates that around 73.0% of current Centamin PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.73 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 494.81 |
Centamin PLC lagged returns against current returns
Autocorrelation, which is Centamin PLC 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 Centamin PLC's stock expected returns. We can calculate the autocorrelation of Centamin PLC returns to help us make a trade decision. For example, suppose you find that Centamin PLC 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 |
Centamin PLC 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 Centamin PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centamin PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centamin PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Centamin PLC Lagged Returns
When evaluating Centamin PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centamin PLC stock have on its future price. Centamin PLC 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, Centamin PLC autocorrelation shows the relationship between Centamin PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Centamin PLC.
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 Centamin Stock
Centamin PLC financial ratios help investors to determine whether Centamin 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 Centamin with respect to the benefits of owning Centamin PLC security.