Centuria Industrial (Australia) Market Value
| CIP Stock | 2.98 0.01 0.34% |
| Symbol | Centuria |
Centuria Industrial '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 Centuria Industrial'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 Centuria Industrial.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Centuria Industrial on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Centuria Industrial Reit or generate 0.0% return on investment in Centuria Industrial over 30 days. Centuria Industrial is related to or competes with Scentre, Vicinity Centres, Charter Hall, Cromwell Property, Carindale Property, and GDI Property. Centuria Industrial is entity of Australia More
Centuria Industrial 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 Centuria Industrial'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 Centuria Industrial Reit upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.86 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.27 |
Centuria Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centuria Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centuria Industrial's standard deviation. In reality, there are many statistical measures that can use Centuria Industrial historical prices to predict the future Centuria Industrial's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 1.65 |
Centuria Industrial Reit Backtested Returns
Centuria Industrial Reit secures Sharpe Ratio (or Efficiency) of -0.0689, which signifies that the company had a -0.0689% return per unit of risk over the last 3 months. Centuria Industrial Reit exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centuria Industrial's Standard Deviation of 0.8361, risk adjusted performance of (0.05), and Mean Deviation of 0.6498 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0404, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Centuria Industrial are expected to decrease at a much lower rate. During the bear market, Centuria Industrial is likely to outperform the market. At this point, Centuria Industrial Reit has a negative expected return of -0.0575%. Please make sure to confirm Centuria Industrial's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Centuria Industrial Reit performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Centuria Industrial Reit has very good predictability. Overlapping area represents the amount of predictability between Centuria Industrial time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Centuria Industrial Reit price movement. The serial correlation of 0.81 indicates that around 81.0% of current Centuria Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Centuria Industrial Reit lagged returns against current returns
Autocorrelation, which is Centuria Industrial 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 Centuria Industrial's stock expected returns. We can calculate the autocorrelation of Centuria Industrial returns to help us make a trade decision. For example, suppose you find that Centuria Industrial 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 |
Centuria Industrial 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 Centuria Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centuria Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centuria Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Centuria Industrial Lagged Returns
When evaluating Centuria Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centuria Industrial stock have on its future price. Centuria Industrial 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, Centuria Industrial autocorrelation shows the relationship between Centuria Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Centuria Industrial Reit.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Centuria Stock Analysis
When running Centuria Industrial's price analysis, check to measure Centuria Industrial'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 Centuria Industrial is operating at the current time. Most of Centuria Industrial's value examination focuses on studying past and present price action to predict the probability of Centuria Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centuria Industrial's price. Additionally, you may evaluate how the addition of Centuria Industrial to your portfolios can decrease your overall portfolio volatility.