Centr Brands Corp Stock Market Value
| CNTRF Stock | USD 0.12 0.06 33.33% |
| Symbol | Centr |
Centr Brands Corp '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 Centr Brands Corp's otc 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 Centr Brands Corp.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Centr Brands Corp on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Centr Brands Corp or generate 0.0% return on investment in Centr Brands Corp over 180 days. Centr Brands Corp is related to or competes with Bionoid Pharma, HLS Therapeutics, Crescita Therapeutics, and Avicanna. CENTR Brands Corp. engages in the development and marketing of beverages infused with hemp-derived extracts and derivati... More
Centr Brands Corp 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 Centr Brands Corp's otc 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 Centr Brands Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 39.88 | |||
| Information Ratio | 0.1432 | |||
| Maximum Drawdown | 547.14 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 80.0 |
Centr Brands Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centr Brands Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centr Brands Corp's standard deviation. In reality, there are many statistical measures that can use Centr Brands Corp historical prices to predict the future Centr Brands Corp's volatility.| Risk Adjusted Performance | 0.1209 | |||
| Jensen Alpha | 10.68 | |||
| Total Risk Alpha | (0.82) | |||
| Sortino Ratio | 0.2349 | |||
| Treynor Ratio | (0.96) |
Centr Brands Corp Backtested Returns
Centr Brands Corp is out of control given 3 months investment horizon. Centr Brands Corp 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 were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 9.8% are justified by taking the suggested risk. Use Centr Brands Corp Mean Deviation of 23.81, risk adjusted performance of 0.1209, and Downside Deviation of 39.88 to evaluate company specific risk that cannot be diversified away. Centr Brands Corp holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -9.91, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Centr Brands Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Centr Brands Corp is expected to outperform it. Use Centr Brands Corp treynor ratio and the relationship between the semi variance and relative strength index , to analyze future returns on Centr Brands Corp.
Auto-correlation | 0.09 |
Virtually no predictability
Centr Brands Corp has virtually no predictability. Overlapping area represents the amount of predictability between Centr Brands Corp time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 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 Centr Brands Corp price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Centr Brands Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Centr Brands Corp lagged returns against current returns
Autocorrelation, which is Centr Brands Corp otc 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 Centr Brands Corp's otc stock expected returns. We can calculate the autocorrelation of Centr Brands Corp returns to help us make a trade decision. For example, suppose you find that Centr Brands Corp has exhibited high autocorrelation historically, and you observe that the otc 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 |
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Centr Brands Corp 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 Centr Brands Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centr Brands Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centr Brands Corp otc stock over time.
Current vs Lagged Prices |
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Centr Brands Corp Lagged Returns
When evaluating Centr Brands Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centr Brands Corp otc stock have on its future price. Centr Brands Corp 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, Centr Brands Corp autocorrelation shows the relationship between Centr Brands Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Centr Brands Corp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Centr OTC Stock
Centr Brands Corp financial ratios help investors to determine whether Centr OTC 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 Centr with respect to the benefits of owning Centr Brands Corp security.