Century Aluminum Stock Market Value
| CENX Stock | USD 23.04 0.80 3.36% |
| Symbol | Century |
Century Aluminum Price To Book Ratio
Is Metals & Mining 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 Century Aluminum. If investors know Century 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 Century Aluminum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.80) | Earnings Share 3.15 | Revenue Per Share 22.69 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0346 |
The market value of Century Aluminum is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Aluminum's value that differs from its market value or its book value, called intrinsic value, which is Century Aluminum's 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 Century Aluminum's market value can be influenced by many factors that don't directly affect Century Aluminum's 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 Century Aluminum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Aluminum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Aluminum's 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.
Century Aluminum '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 Aluminum's 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 Aluminum.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Century Aluminum on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Century Aluminum or generate 0.0% return on investment in Century Aluminum over 30 days. Century Aluminum is related to or competes with Kaiser Aluminum, Commercial Metals, Steel Dynamics, and Reliance Steel. Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum produ... More
Century Aluminum 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 Aluminum's 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 Aluminum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | 0.138 | |||
| Maximum Drawdown | 24.39 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 6.41 |
Century Aluminum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Aluminum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Aluminum's standard deviation. In reality, there are many statistical measures that can use Century Aluminum historical prices to predict the future Century Aluminum's volatility.| Risk Adjusted Performance | 0.1371 | |||
| Jensen Alpha | 0.4287 | |||
| Total Risk Alpha | 0.0632 | |||
| Sortino Ratio | 0.1706 | |||
| Treynor Ratio | 0.3073 |
Century Aluminum Backtested Returns
Century Aluminum appears to be not too volatile, given 3 months investment horizon. Century Aluminum secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing Century Aluminum's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please makes use of Century Aluminum's Mean Deviation of 2.91, downside deviation of 3.35, and Risk Adjusted Performance of 0.1371 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Century Aluminum holds a performance score of 15. The firm shows a Beta (market volatility) of 2.23, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Century Aluminum will likely underperform. Please check Century Aluminum's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Century Aluminum's price patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Century Aluminum has good predictability. Overlapping area represents the amount of predictability between Century Aluminum 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 Century Aluminum price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Century Aluminum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
Century Aluminum lagged returns against current returns
Autocorrelation, which is Century Aluminum 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 Aluminum's stock expected returns. We can calculate the autocorrelation of Century Aluminum returns to help us make a trade decision. For example, suppose you find that Century Aluminum 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 |
Century Aluminum 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 Aluminum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Century Aluminum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Century Aluminum stock over time.
Current vs Lagged Prices |
| Timeline |
Century Aluminum Lagged Returns
When evaluating Century Aluminum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Century Aluminum stock have on its future price. Century Aluminum 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 Aluminum autocorrelation shows the relationship between Century Aluminum stock current value and its past values and can show if there is a momentum factor associated with investing in Century Aluminum.
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 Stock Analysis
When running Century Aluminum's price analysis, check to measure Century Aluminum'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 Aluminum is operating at the current time. Most of Century Aluminum's value examination focuses on studying past and present price action to predict the probability of Century Aluminum'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 Aluminum's price. Additionally, you may evaluate how the addition of Century Aluminum to your portfolios can decrease your overall portfolio volatility.