Century Casinos Stock Market Value
| CNTY Stock | USD 4.39 0.03 0.68% |
| Symbol | Century |
Century Casinos Price To Book Ratio
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Century Casinos. If investors know Century will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Century Casinos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.75) | Earnings Share (2.43) | Revenue Per Share 19.056 | Quarterly Revenue Growth (0.03) | Return On Assets 0.025 |
The market value of Century Casinos is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Casinos' value that differs from its market value or its book value, called intrinsic value, which is Century Casinos' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Century Casinos' market value can be influenced by many factors that don't directly affect Century Casinos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Century Casinos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Casinos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Casinos' 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.
Century Casinos '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 Century Casinos' 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 Century Casinos.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Century Casinos on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Century Casinos or generate 0.0% return on investment in Century Casinos over 390 days. Century Casinos is related to or competes with Golden Entertainment, Monarch Casino, Red Rock, Studio City, Ballys Corp, Melco Resorts, and Full House. Century Casinos, Inc. operates as a casino entertainment company in the United States, Canada, and Poland More
Century Casinos 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 Century Casinos' 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 Century Casinos upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 0.2242 | |||
| Maximum Drawdown | 17.01 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 7.3 |
Century Casinos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Casinos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Casinos' standard deviation. In reality, there are many statistical measures that can use Century Casinos historical prices to predict the future Century Casinos' volatility.| Risk Adjusted Performance | 0.2001 | |||
| Jensen Alpha | 0.9485 | |||
| Total Risk Alpha | 0.4716 | |||
| Sortino Ratio | 0.256 | |||
| Treynor Ratio | 2.41 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Century Casinos' 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.
Century Casinos Backtested Returns
Century Casinos is moderately volatile given 3 months investment horizon. Century Casinos secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use Century Casinos Mean Deviation of 3.04, risk adjusted performance of 0.2001, and Downside Deviation of 3.48 to evaluate company specific risk that cannot be diversified away. Century Casinos holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Century Casinos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Century Casinos is expected to be smaller as well. Use Century Casinos maximum drawdown, as well as the relationship between the skewness and day typical price , to analyze future returns on Century Casinos.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Century Casinos has insignificant reverse predictability. Overlapping area represents the amount of predictability between Century Casinos time series from 29th of October 2023 to 11th of May 2024 and 11th of May 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 Century Casinos price movement. The serial correlation of -0.19 indicates that over 19.0% of current Century Casinos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Century Casinos lagged returns against current returns
Autocorrelation, which is Century Casinos 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 Century Casinos' stock expected returns. We can calculate the autocorrelation of Century Casinos returns to help us make a trade decision. For example, suppose you find that Century Casinos 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 |
Century Casinos 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 Century Casinos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Century Casinos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Century Casinos stock over time.
Current vs Lagged Prices |
| Timeline |
Century Casinos Lagged Returns
When evaluating Century Casinos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Century Casinos stock have on its future price. Century Casinos 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, Century Casinos autocorrelation shows the relationship between Century Casinos stock current value and its past values and can show if there is a momentum factor associated with investing in Century Casinos.
Regressed Prices |
| Timeline |
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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.Additional Tools for Century Stock Analysis
When running Century Casinos' price analysis, check to measure Century Casinos' 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 Century Casinos is operating at the current time. Most of Century Casinos' value examination focuses on studying past and present price action to predict the probability of Century Casinos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Casinos' price. Additionally, you may evaluate how the addition of Century Casinos to your portfolios can decrease your overall portfolio volatility.