Centr Brands Corp Stock Market Value
| CNTRF Stock | USD 0.05 0.07 55.17% |
| Symbol | Centr |
Centr Brands '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 Centr Brands' 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 Centr Brands.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Centr Brands on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Centr Brands Corp or generate 0.0% return on investment in Centr Brands over 30 days. Centr Brands is related to or competes with Bionoid Pharma, HLS Therapeutics, Crescita Therapeutics, and Avicanna. CENTR Brands Corp. engages in the development and marketing of beverages infused with hemp-derived extracts and derivati... More
Centr Brands 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 Centr Brands' 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 Centr Brands Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 42.4 | |||
| Information Ratio | 0.1296 | |||
| Maximum Drawdown | 547.14 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 80.0 |
Centr Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centr Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centr Brands' standard deviation. In reality, there are many statistical measures that can use Centr Brands historical prices to predict the future Centr Brands' volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 9.88 | |||
| Total Risk Alpha | (1.79) | |||
| Sortino Ratio | 0.2014 | |||
| Treynor Ratio | (0.81) |
Centr Brands Corp Backtested Returns
Centr Brands is out of control given 3 months investment horizon. Centr Brands Corp secures Sharpe Ratio (or Efficiency) of 0.0857, which signifies that the company had a 0.0857% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.42% are justified by taking the suggested risk. Use Centr Brands Risk Adjusted Performance of 0.1048, mean deviation of 23.92, and Downside Deviation of 42.4 to evaluate company specific risk that cannot be diversified away. Centr Brands holds a performance score of 6 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -10.69, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Centr Brands are expected to decrease by larger amounts. On the other hand, during market turmoil, Centr Brands is expected to outperform it. Use Centr Brands treynor ratio and the relationship between the semi variance and relative strength index , to analyze future returns on Centr Brands.
Auto-correlation | 0.11 |
Insignificant predictability
Centr Brands Corp has insignificant predictability. Overlapping area represents the amount of predictability between Centr Brands time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Centr Brands Corp price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Centr Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Centr Brands Corp lagged returns against current returns
Autocorrelation, which is Centr Brands 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 Centr Brands' otc stock expected returns. We can calculate the autocorrelation of Centr Brands returns to help us make a trade decision. For example, suppose you find that Centr Brands 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 |
Centr Brands 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 Centr Brands otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centr Brands otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centr Brands otc stock over time.
Current vs Lagged Prices |
| Timeline |
Centr Brands Lagged Returns
When evaluating Centr Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centr Brands otc stock have on its future price. Centr Brands 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, Centr Brands autocorrelation shows the relationship between Centr Brands otc stock current value and its past values and can show if there is a momentum factor associated with investing in Centr Brands Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Centr OTC Stock
Centr Brands financial ratios help investors to determine whether Centr OTC Stock 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 Centr with respect to the benefits of owning Centr Brands security.