CenterPoint Energy (Germany) Market Value
| HOU Stock | EUR 30.60 0.20 0.66% |
| Symbol | CenterPoint |
CenterPoint Energy '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 Energy'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 CenterPoint Energy.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in CenterPoint Energy on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding CenterPoint Energy or generate 0.0% return on investment in CenterPoint Energy over 360 days. CenterPoint Energy is related to or competes with Mobilezone Holding, PT Indofood, Perseus Mining, TYSON FOODS, Astral Foods, and Lifeway Foods. CenterPoint Energy, Inc. operates as a public utility holding company in the United States More
CenterPoint Energy 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 Energy'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 CenterPoint Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.1666 | |||
| Maximum Drawdown | 6.68 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 3.56 |
CenterPoint Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CenterPoint Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CenterPoint Energy's standard deviation. In reality, there are many statistical measures that can use CenterPoint Energy historical prices to predict the future CenterPoint Energy's volatility.| Risk Adjusted Performance | 0.1977 | |||
| Jensen Alpha | 0.375 | |||
| Total Risk Alpha | 0.1389 | |||
| Sortino Ratio | 0.1423 | |||
| Treynor Ratio | (2.05) |
CenterPoint Energy Backtested Returns
CenterPoint Energy appears to be very steady, given 3 months investment horizon. CenterPoint Energy secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CenterPoint Energy, which you can use to evaluate the volatility of the firm. Please makes use of CenterPoint Energy's Downside Deviation of 1.69, mean deviation of 1.06, and Risk Adjusted Performance of 0.1977 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CenterPoint Energy holds a performance score of 20. The firm shows a Beta (market volatility) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CenterPoint Energy are expected to decrease at a much lower rate. During the bear market, CenterPoint Energy is likely to outperform the market. Please check CenterPoint Energy's jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether CenterPoint Energy's price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
CenterPoint Energy has modest predictability. Overlapping area represents the amount of predictability between CenterPoint Energy time series from 9th of December 2023 to 6th of June 2024 and 6th of June 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 price movement. The serial correlation of 0.55 indicates that about 55.0% of current CenterPoint Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 3.02 |
CenterPoint Energy lagged returns against current returns
Autocorrelation, which is CenterPoint Energy 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 CenterPoint Energy's stock expected returns. We can calculate the autocorrelation of CenterPoint Energy returns to help us make a trade decision. For example, suppose you find that CenterPoint Energy 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 |
CenterPoint Energy 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 Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CenterPoint Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CenterPoint Energy stock over time.
Current vs Lagged Prices |
| Timeline |
CenterPoint Energy Lagged Returns
When evaluating CenterPoint Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CenterPoint Energy stock have on its future price. CenterPoint Energy 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 Energy autocorrelation shows the relationship between CenterPoint Energy stock current value and its past values and can show if there is a momentum factor associated with investing in CenterPoint Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in CenterPoint Stock
When determining whether CenterPoint Energy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if CenterPoint Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Centerpoint Energy Stock. Highlighted below are key reports to facilitate an investment decision about Centerpoint Energy Stock:Check out CenterPoint Energy Correlation, CenterPoint Energy Volatility and CenterPoint Energy Alpha and Beta module to complement your research on CenterPoint Energy. For more detail on how to invest in CenterPoint Stock please use our How to Invest in CenterPoint Energy guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
CenterPoint Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.