Centaurus Metals (Australia) Market Value
| CTM Stock | 0.43 0.02 4.88% |
| Symbol | Centaurus |
Centaurus Metals '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 Centaurus Metals' 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 Centaurus Metals.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Centaurus Metals on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Centaurus Metals or generate 0.0% return on investment in Centaurus Metals over 390 days. Centaurus Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Centaurus Metals is entity of Australia. It is traded as Stock on AU exchange. More
Centaurus Metals 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 Centaurus Metals' 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 Centaurus Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.26 | |||
| Information Ratio | 0.0438 | |||
| Maximum Drawdown | 19.51 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 8.57 |
Centaurus Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centaurus Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centaurus Metals' standard deviation. In reality, there are many statistical measures that can use Centaurus Metals historical prices to predict the future Centaurus Metals' volatility.| Risk Adjusted Performance | 0.0628 | |||
| Jensen Alpha | 0.4611 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0401 | |||
| Treynor Ratio | (0.31) |
Centaurus Metals Backtested Returns
Centaurus Metals appears to be out of control, given 3 months investment horizon. Centaurus Metals secures Sharpe Ratio (or Efficiency) of 0.0895, which signifies that the company had a 0.0895% return per unit of risk over the last 3 months. We have found thirty technical indicators for Centaurus Metals, which you can use to evaluate the volatility of the firm. Please makes use of Centaurus Metals' Downside Deviation of 5.26, risk adjusted performance of 0.0628, and Mean Deviation of 3.78 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Centaurus Metals holds a performance score of 7. The firm shows a Beta (market volatility) of -1.07, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Centaurus Metals are expected to decrease slowly. On the other hand, during market turmoil, Centaurus Metals is expected to outperform it slightly. Please check Centaurus Metals' total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Centaurus Metals' price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Centaurus Metals has poor predictability. Overlapping area represents the amount of predictability between Centaurus Metals time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Centaurus Metals price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Centaurus Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Centaurus Metals lagged returns against current returns
Autocorrelation, which is Centaurus Metals 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 Centaurus Metals' stock expected returns. We can calculate the autocorrelation of Centaurus Metals returns to help us make a trade decision. For example, suppose you find that Centaurus Metals 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 |
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Centaurus Metals 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 Centaurus Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centaurus Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centaurus Metals stock over time.
Current vs Lagged Prices |
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Centaurus Metals Lagged Returns
When evaluating Centaurus Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centaurus Metals stock have on its future price. Centaurus Metals 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, Centaurus Metals autocorrelation shows the relationship between Centaurus Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Centaurus Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Centaurus Stock Analysis
When running Centaurus Metals' price analysis, check to measure Centaurus Metals' 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 Centaurus Metals is operating at the current time. Most of Centaurus Metals' value examination focuses on studying past and present price action to predict the probability of Centaurus Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centaurus Metals' price. Additionally, you may evaluate how the addition of Centaurus Metals to your portfolios can decrease your overall portfolio volatility.