Central Wireless Stock Market Value
Central Wireless' market value is the price at which a share of Central Wireless trades on a public exchange. It measures the collective expectations of Central Wireless investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Central Wireless and determine expected loss or profit from investing in Central Wireless over a given investment horizon. Check out Central Wireless Correlation, Central Wireless Volatility and Central Wireless Alpha and Beta module to complement your research on Central Wireless. To learn how to invest in Central Stock, please use our How to Invest in Central Wireless guide.
| Symbol | Central |
Central Wireless Price To Book Ratio
Is Diversified Telecommunication Services 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 Central Wireless. If investors know Central 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 Central Wireless listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Central Wireless is measured differently than its book value, which is the value of Central that is recorded on the company's balance sheet. Investors also form their own opinion of Central Wireless' value that differs from its market value or its book value, called intrinsic value, which is Central Wireless' 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 Central Wireless' market value can be influenced by many factors that don't directly affect Central Wireless' 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 Central Wireless' value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Wireless is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Wireless' 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.
Central Wireless '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 Wireless' 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 Central Wireless.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Central Wireless on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Central Wireless or generate 0.0% return on investment in Central Wireless over 30 days. Central Wireless is related to or competes with Crexendo, FingerMotion, and Tele2 AB. Central Wireless, Inc., a development stage company, operates as a wireless communications infrastructure company More
Central Wireless 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 Wireless' 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 Central Wireless upside and downside potential and time the market with a certain degree of confidence.
Central Wireless Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Wireless' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Wireless' standard deviation. In reality, there are many statistical measures that can use Central Wireless historical prices to predict the future Central Wireless' volatility.Central Wireless Backtested Returns
We have found zero technical indicators for Central Wireless, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Central Wireless are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Central Wireless has no correlation between past and present. Overlapping area represents the amount of predictability between Central Wireless time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Central Wireless price movement. The serial correlation of 0.0 indicates that just 0.0% of current Central Wireless price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Central Wireless lagged returns against current returns
Autocorrelation, which is Central Wireless 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 Central Wireless' stock expected returns. We can calculate the autocorrelation of Central Wireless returns to help us make a trade decision. For example, suppose you find that Central Wireless 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 |
Central Wireless 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 Wireless stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Wireless stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Wireless stock over time.
Current vs Lagged Prices |
| Timeline |
Central Wireless Lagged Returns
When evaluating Central Wireless' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Wireless stock have on its future price. Central Wireless 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 Wireless autocorrelation shows the relationship between Central Wireless stock current value and its past values and can show if there is a momentum factor associated with investing in Central Wireless.
Regressed Prices |
| Timeline |
Pair Trading with Central Wireless
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 Wireless 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 Wireless will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Central Wireless 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 Wireless 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 Wireless - 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 Wireless to buy it.
The correlation of Central Wireless 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 Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Wireless 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 Wireless 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 Stock Analysis
When running Central Wireless' price analysis, check to measure Central Wireless' 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 Wireless is operating at the current time. Most of Central Wireless' value examination focuses on studying past and present price action to predict the probability of Central Wireless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Wireless' price. Additionally, you may evaluate how the addition of Central Wireless to your portfolios can decrease your overall portfolio volatility.