Central Securities Stock Market Value
| CET Stock | USD 46.94 0.12 0.26% |
| Symbol | Central |
Central Securities Price To Book Ratio
Is Asset Management & Custody Banks 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 Securities. 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 Securities 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 0.612 | Dividend Share 1.85 | Earnings Share 10.4 | Revenue Per Share 0.823 | Quarterly Revenue Growth 0.187 |
The market value of Central Securities 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 Securities' value that differs from its market value or its book value, called intrinsic value, which is Central Securities' 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 Securities' market value can be influenced by many factors that don't directly affect Central Securities' 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 Securities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Securities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Securities' 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 Securities '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 Securities' 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 Securities.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Central Securities on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Central Securities or generate 0.0% return on investment in Central Securities over 180 days. Central Securities is related to or competes with Invesco High, Munivest Fund, DWS Municipal, Blackrock Muniyield, Blackrock Muniyield, Blackrock Muniholdings, and Blackrock Muniholdings. Central Securities Corp. is publicly owned investment manager More
Central Securities 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 Securities' 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 Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5927 | |||
| Information Ratio | 0.0302 | |||
| Maximum Drawdown | 4.17 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.1 |
Central Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Securities' standard deviation. In reality, there are many statistical measures that can use Central Securities historical prices to predict the future Central Securities' volatility.| Risk Adjusted Performance | 0.1785 | |||
| Jensen Alpha | 0.0653 | |||
| Total Risk Alpha | 0.0359 | |||
| Sortino Ratio | 0.0342 | |||
| Treynor Ratio | 0.2285 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Central Securities' 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.
Central Securities Backtested Returns
Currently, Central Securities is very steady. Central Securities secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Central Securities, which you can use to evaluate the volatility of the firm. Please confirm Central Securities' Mean Deviation of 0.5165, risk adjusted performance of 0.1785, and Downside Deviation of 0.5927 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Central Securities has a performance score of 17 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Central Securities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Securities is expected to be smaller as well. Central Securities right now shows a risk of 0.68%. Please confirm Central Securities semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Central Securities will be following its price patterns.
Auto-correlation | 0.20 |
Weak predictability
Central Securities has weak predictability. Overlapping area represents the amount of predictability between Central Securities time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Central Securities price movement. The serial correlation of 0.2 indicates that over 20.0% of current Central Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.98 |
Central Securities lagged returns against current returns
Autocorrelation, which is Central Securities 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 Securities' stock expected returns. We can calculate the autocorrelation of Central Securities returns to help us make a trade decision. For example, suppose you find that Central Securities 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 Securities 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 Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Central Securities Lagged Returns
When evaluating Central Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Securities stock have on its future price. Central Securities 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 Securities autocorrelation shows the relationship between Central Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Central Securities.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Central Stock Analysis
When running Central Securities' price analysis, check to measure Central Securities' 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 Securities is operating at the current time. Most of Central Securities' value examination focuses on studying past and present price action to predict the probability of Central Securities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Securities' price. Additionally, you may evaluate how the addition of Central Securities to your portfolios can decrease your overall portfolio volatility.