Central Industries (Sri Lanka) Market Value
| CINDN0000 | LKR 116.00 0.75 0.65% |
| Symbol | Central |
Please note, there is a significant difference between Central Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Central Industries '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 Industries' 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 Industries.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Central Industries on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Central Industries PLC or generate 0.0% return on investment in Central Industries over 720 days. More
Central Industries 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 Industries' 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 Industries PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.0344 | |||
| Maximum Drawdown | 15.61 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 3.0 |
Central Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Industries' standard deviation. In reality, there are many statistical measures that can use Central Industries historical prices to predict the future Central Industries' volatility.| Risk Adjusted Performance | 0.0789 | |||
| Jensen Alpha | 0.1928 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0474 | |||
| Treynor Ratio | 1.92 |
Central Industries PLC Backtested Returns
Central Industries appears to be very steady, given 3 months investment horizon. Central Industries PLC secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Central Industries PLC, which you can use to evaluate the volatility of the firm. Please makes use of Central Industries' Mean Deviation of 1.54, risk adjusted performance of 0.0789, and Downside Deviation of 1.66 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Central Industries holds a performance score of 11. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Central Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Industries is expected to be smaller as well. Please check Central Industries' 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 Central Industries' price patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Central Industries PLC has below average predictability. Overlapping area represents the amount of predictability between Central Industries time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Industries PLC price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Central Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 215.72 |
Central Industries PLC lagged returns against current returns
Autocorrelation, which is Central Industries 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 Industries' stock expected returns. We can calculate the autocorrelation of Central Industries returns to help us make a trade decision. For example, suppose you find that Central Industries 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 Industries 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 Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Central Industries Lagged Returns
When evaluating Central Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Industries stock have on its future price. Central Industries 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 Industries autocorrelation shows the relationship between Central Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Central Industries PLC.
Regressed Prices |
| Timeline |
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Central Industries 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 Industries security.