Centerspace Stock Market Value
| CSR Stock | USD 72.91 0.37 0.50% |
| Symbol | Centerspace |
Centerspace Price To Book Ratio
Is Multi-Family Residential REITs 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 Centerspace. If investors know Centerspace 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 Centerspace listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 2.32 | Revenue Per Share 17.428 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0077 | Return On Equity 0.0514 |
The market value of Centerspace is measured differently than its book value, which is the value of Centerspace that is recorded on the company's balance sheet. Investors also form their own opinion of Centerspace's value that differs from its market value or its book value, called intrinsic value, which is Centerspace's 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 Centerspace's market value can be influenced by many factors that don't directly affect Centerspace's 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 Centerspace's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centerspace is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centerspace's 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.
Centerspace '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 Centerspace'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 Centerspace.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Centerspace on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Centerspace or generate 0.0% return on investment in Centerspace over 30 days. Centerspace is related to or competes with BRT Realty, Nexpoint Residential, Veris Residential, Clipper Realty, UDR, Equity Lifestyle, and Independence Realty. Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrit... More
Centerspace 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 Centerspace'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 Centerspace upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.91 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.56 |
Centerspace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centerspace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centerspace's standard deviation. In reality, there are many statistical measures that can use Centerspace historical prices to predict the future Centerspace's volatility.| Risk Adjusted Performance | 0.0087 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Centerspace'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.
Centerspace Backtested Returns
Centerspace secures Sharpe Ratio (or Efficiency) of -0.0117, which signifies that the company had a -0.0117% return per unit of risk over the last 3 months. Centerspace exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centerspace's Risk Adjusted Performance of 0.0087, mean deviation of 1.09, and Downside Deviation of 1.47 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Centerspace's returns are expected to increase less than the market. However, during the bear market, the loss of holding Centerspace is expected to be smaller as well. At this point, Centerspace has a negative expected return of -0.0171%. Please make sure to confirm Centerspace's semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Centerspace performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Centerspace has very weak predictability. Overlapping area represents the amount of predictability between Centerspace time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Centerspace price movement. The serial correlation of 0.18 indicates that over 18.0% of current Centerspace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Centerspace lagged returns against current returns
Autocorrelation, which is Centerspace 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 Centerspace's stock expected returns. We can calculate the autocorrelation of Centerspace returns to help us make a trade decision. For example, suppose you find that Centerspace 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 |
Centerspace 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 Centerspace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centerspace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centerspace stock over time.
Current vs Lagged Prices |
| Timeline |
Centerspace Lagged Returns
When evaluating Centerspace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centerspace stock have on its future price. Centerspace 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, Centerspace autocorrelation shows the relationship between Centerspace stock current value and its past values and can show if there is a momentum factor associated with investing in Centerspace.
Regressed Prices |
| Timeline |
Pair Trading with Centerspace
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 Centerspace 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 Centerspace will appreciate offsetting losses from the drop in the long position's value.Moving against Centerspace Stock
The ability to find closely correlated positions to Centerspace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centerspace 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 Centerspace - 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 Centerspace to buy it.
The correlation of Centerspace 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 Centerspace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centerspace 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 Centerspace 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 Centerspace Stock Analysis
When running Centerspace's price analysis, check to measure Centerspace'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 Centerspace is operating at the current time. Most of Centerspace's value examination focuses on studying past and present price action to predict the probability of Centerspace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centerspace's price. Additionally, you may evaluate how the addition of Centerspace to your portfolios can decrease your overall portfolio volatility.