Central Natural Resources Stock Market Value
| CTNR Stock | USD 3.15 0.00 0.00% |
| Symbol | Central |
Central Natural '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 Central Natural's pink sheet 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 Central Natural.
| 01/10/2024 |
| 12/30/2025 |
If you would invest 0.00 in Central Natural on January 10, 2024 and sell it all today you would earn a total of 0.00 from holding Central Natural Resources or generate 0.0% return on investment in Central Natural over 720 days. Central Natural Resources, Inc., together with its subsidiaries, explores and produces oil and gas properties More
Central Natural 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 Central Natural's pink sheet 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 Central Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 35.0 |
Central Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Natural's standard deviation. In reality, there are many statistical measures that can use Central Natural historical prices to predict the future Central Natural's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | (0.98) |
Central Natural Resources Backtested Returns
Central Natural Resources secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14 % return per unit of risk over the last 3 months. Central Natural Resources exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Central Natural's Risk Adjusted Performance of (0.09), standard deviation of 4.32, and Mean Deviation of 1.12 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Central Natural's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Natural is expected to be smaller as well. At this point, Central Natural Resources has a negative expected return of -0.61%. Please make sure to confirm Central Natural's variance and kurtosis , to decide if Central Natural Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Central Natural Resources has good predictability. Overlapping area represents the amount of predictability between Central Natural time series from 10th of January 2024 to 4th of January 2025 and 4th of January 2025 to 30th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Central Natural Resources price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Central Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Central Natural Resources lagged returns against current returns
Autocorrelation, which is Central Natural pink sheet'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 Central Natural's pink sheet expected returns. We can calculate the autocorrelation of Central Natural returns to help us make a trade decision. For example, suppose you find that Central Natural has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Central Natural 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 Central Natural pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Natural pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Natural pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Central Natural Lagged Returns
When evaluating Central Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Natural pink sheet have on its future price. Central Natural 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, Central Natural autocorrelation shows the relationship between Central Natural pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Central Natural Resources.
Regressed Prices |
| Timeline |
Pair Trading with Central Natural
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 Central Natural 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 Central Natural will appreciate offsetting losses from the drop in the long position's value.Moving against Central Pink Sheet
| 0.84 | CRRFY | Carrefour SA PK | PairCorr |
| 0.84 | GWW | WW Grainger | PairCorr |
| 0.8 | ASTI | Ascent Solar Technol Upward Rally | PairCorr |
| 0.76 | CX | Cemex SAB de Aggressive Push | PairCorr |
| 0.75 | GM | General Motors Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Central Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Central Natural 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 Central Natural - 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 Central Natural Resources to buy it.
The correlation of Central Natural 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 Central Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Natural Resources 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 Central Natural 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 Central Pink Sheet Analysis
When running Central Natural's price analysis, check to measure Central Natural'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 Central Natural is operating at the current time. Most of Central Natural's value examination focuses on studying past and present price action to predict the probability of Central Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Natural's price. Additionally, you may evaluate how the addition of Central Natural to your portfolios can decrease your overall portfolio volatility.