CENTERPOINT ENERGY INC Market Value
| 15189TAV9 | 94.98 2.87 2.93% |
| Symbol | CENTERPOINT |
CENTERPOINT '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 CENTERPOINT's bond 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 CENTERPOINT.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in CENTERPOINT on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding CENTERPOINT ENERGY INC or generate 0.0% return on investment in CENTERPOINT over 30 days. CENTERPOINT is related to or competes with Dalata Hotel, Biglari Holdings, ArcelorMittal, Accel Entertainment, United States, Starbucks, and Shake Shack. More
CENTERPOINT 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 CENTERPOINT's bond 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 CENTERPOINT ENERGY INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.24 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.25 |
CENTERPOINT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CENTERPOINT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CENTERPOINT's standard deviation. In reality, there are many statistical measures that can use CENTERPOINT historical prices to predict the future CENTERPOINT's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.2868 |
CENTERPOINT ENERGY INC Backtested Returns
CENTERPOINT ENERGY INC secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the bond had a -0.1% return per unit of risk over the last 3 months. CENTERPOINT ENERGY INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CENTERPOINT's risk adjusted performance of (0.04), and Mean Deviation of 0.6318 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CENTERPOINT are expected to decrease at a much lower rate. During the bear market, CENTERPOINT is likely to outperform the market.
Auto-correlation | -0.58 |
Good reverse predictability
CENTERPOINT ENERGY INC has good reverse predictability. Overlapping area represents the amount of predictability between CENTERPOINT time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 CENTERPOINT ENERGY INC price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current CENTERPOINT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
CENTERPOINT ENERGY INC lagged returns against current returns
Autocorrelation, which is CENTERPOINT bond'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 CENTERPOINT's bond expected returns. We can calculate the autocorrelation of CENTERPOINT returns to help us make a trade decision. For example, suppose you find that CENTERPOINT has exhibited high autocorrelation historically, and you observe that the bond 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 |
CENTERPOINT 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 CENTERPOINT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CENTERPOINT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CENTERPOINT bond over time.
Current vs Lagged Prices |
| Timeline |
CENTERPOINT Lagged Returns
When evaluating CENTERPOINT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CENTERPOINT bond have on its future price. CENTERPOINT 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, CENTERPOINT autocorrelation shows the relationship between CENTERPOINT bond current value and its past values and can show if there is a momentum factor associated with investing in CENTERPOINT ENERGY INC.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in CENTERPOINT Bond
CENTERPOINT financial ratios help investors to determine whether CENTERPOINT Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CENTERPOINT with respect to the benefits of owning CENTERPOINT security.