Century Next Financial Stock Market Value
| CTUY Stock | USD 38.72 0.62 1.63% |
| Symbol | Century |
Century Next '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 Next'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 Century Next.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Century Next on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Century Next Financial or generate 0.0% return on investment in Century Next over 720 days. Century Next is related to or competes with Citizens Financial, Triad Business, First Ottawa, CCSB Financial, Bank of Utica, First Community, and BEO Bancorp. Century Next Financial Corporation operates as the holding company for the Century Next Bank that provides various banki... More
Century Next 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 Next'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 Century Next Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0999 | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (0.26) | |||
| Potential Upside | 1.63 |
Century Next Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Next's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Next's standard deviation. In reality, there are many statistical measures that can use Century Next historical prices to predict the future Century Next's volatility.| Risk Adjusted Performance | 0.2213 | |||
| Jensen Alpha | 0.1846 | |||
| Total Risk Alpha | 0.0811 | |||
| Treynor Ratio | 4.7 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Century Next'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.
Century Next Financial Backtested Returns
Century Next appears to be very steady, given 3 months investment horizon. Century Next Financial secures Sharpe Ratio (or Efficiency) of 0.29, which signifies that the company had a 0.29% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Century Next Financial, which you can use to evaluate the volatility of the firm. Please makes use of Century Next's Mean Deviation of 0.4246, standard deviation of 0.6878, and Risk Adjusted Performance of 0.2213 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Century Next holds a performance score of 23. The firm shows a Beta (market volatility) of 0.0403, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Century Next's returns are expected to increase less than the market. However, during the bear market, the loss of holding Century Next is expected to be smaller as well. Please check Century Next's information ratio, skewness, as well as the relationship between the Skewness and price action indicator , to make a quick decision on whether Century Next's price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Century Next Financial has weak reverse predictability. Overlapping area represents the amount of predictability between Century Next time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Century Next Financial price movement. The serial correlation of -0.25 indicates that over 25.0% of current Century Next price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 3.51 |
Century Next Financial lagged returns against current returns
Autocorrelation, which is Century Next 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 Century Next's otc stock expected returns. We can calculate the autocorrelation of Century Next returns to help us make a trade decision. For example, suppose you find that Century Next 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 |
| Timeline |
Century Next 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 Next otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Century Next otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Century Next otc stock over time.
Current vs Lagged Prices |
| Timeline |
Century Next Lagged Returns
When evaluating Century Next's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Century Next otc stock have on its future price. Century Next 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 Next autocorrelation shows the relationship between Century Next otc stock current value and its past values and can show if there is a momentum factor associated with investing in Century Next Financial.
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 OTC Stock Analysis
When running Century Next's price analysis, check to measure Century Next'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 Century Next is operating at the current time. Most of Century Next's value examination focuses on studying past and present price action to predict the probability of Century Next's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Next's price. Additionally, you may evaluate how the addition of Century Next to your portfolios can decrease your overall portfolio volatility.