Centrum Finansowe (Poland) Market Value
| CFS Stock | 5.60 0.05 0.90% |
| Symbol | Centrum |
Centrum Finansowe '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 Centrum Finansowe'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 Centrum Finansowe.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Centrum Finansowe on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Centrum Finansowe Banku or generate 0.0% return on investment in Centrum Finansowe over 30 days. Centrum Finansowe is related to or competes with UniCredit SpA, Bank Millennium, ING Bank, MBank SA, Alior Bank, and Santander Bank. More
Centrum Finansowe 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 Centrum Finansowe'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 Centrum Finansowe Banku upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.0323 | |||
| Maximum Drawdown | 13.59 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 3.92 |
Centrum Finansowe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centrum Finansowe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centrum Finansowe's standard deviation. In reality, there are many statistical measures that can use Centrum Finansowe historical prices to predict the future Centrum Finansowe's volatility.| Risk Adjusted Performance | 0.0693 | |||
| Jensen Alpha | 0.0882 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0297 | |||
| Treynor Ratio | 0.2066 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Centrum Finansowe's 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.
Centrum Finansowe Banku Backtested Returns
Centrum Finansowe appears to be slightly risky, given 3 months investment horizon. Centrum Finansowe Banku secures Sharpe Ratio (or Efficiency) of 0.0922, which signifies that the company had a 0.0922% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Centrum Finansowe Banku, which you can use to evaluate the volatility of the firm. Please makes use of Centrum Finansowe's Downside Deviation of 2.38, mean deviation of 1.48, and Risk Adjusted Performance of 0.0693 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Centrum Finansowe holds a performance score of 7. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Centrum Finansowe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Centrum Finansowe is expected to be smaller as well. Please check Centrum Finansowe's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Centrum Finansowe's price patterns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Centrum Finansowe Banku has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Centrum Finansowe time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Centrum Finansowe Banku price movement. The serial correlation of -0.8 indicates that around 80.0% of current Centrum Finansowe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Centrum Finansowe Banku lagged returns against current returns
Autocorrelation, which is Centrum Finansowe 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 Centrum Finansowe's stock expected returns. We can calculate the autocorrelation of Centrum Finansowe returns to help us make a trade decision. For example, suppose you find that Centrum Finansowe 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 |
Centrum Finansowe 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 Centrum Finansowe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centrum Finansowe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centrum Finansowe stock over time.
Current vs Lagged Prices |
| Timeline |
Centrum Finansowe Lagged Returns
When evaluating Centrum Finansowe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centrum Finansowe stock have on its future price. Centrum Finansowe 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, Centrum Finansowe autocorrelation shows the relationship between Centrum Finansowe stock current value and its past values and can show if there is a momentum factor associated with investing in Centrum Finansowe Banku.
Regressed Prices |
| Timeline |
Pair Trading with Centrum Finansowe
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centrum Finansowe position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centrum Finansowe will appreciate offsetting losses from the drop in the long position's value.Moving together with Centrum Stock
Moving against Centrum Stock
| 0.91 | CAI | Carlson Investments | PairCorr |
| 0.81 | GME | Gremi Media SA | PairCorr |
| 0.79 | CFG | Creativeforge Games | PairCorr |
| 0.7 | ECC | ECC Games SA | PairCorr |
| 0.53 | VAR | Varsav Game Studios | PairCorr |
The ability to find closely correlated positions to Centrum Finansowe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centrum Finansowe when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centrum Finansowe - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centrum Finansowe Banku to buy it.
The correlation of Centrum Finansowe is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centrum Finansowe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centrum Finansowe Banku moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centrum Finansowe can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Centrum Stock Analysis
When running Centrum Finansowe's price analysis, check to measure Centrum Finansowe's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centrum Finansowe is operating at the current time. Most of Centrum Finansowe's value examination focuses on studying past and present price action to predict the probability of Centrum Finansowe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centrum Finansowe's price. Additionally, you may evaluate how the addition of Centrum Finansowe to your portfolios can decrease your overall portfolio volatility.