Century Aluminum Stock Probability of Future Stock Price Finishing Under 0.11

CENX Stock  USD 19.01  0.14  0.74%   
Century Aluminum's future price is the expected price of Century Aluminum instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Century Aluminum performance during a given time horizon utilizing its historical volatility. Check out Century Aluminum Backtesting, Century Aluminum Valuation, Century Aluminum Correlation, Century Aluminum Hype Analysis, Century Aluminum Volatility, Century Aluminum History as well as Century Aluminum Performance.
For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.
  
At this time, Century Aluminum's Price To Operating Cash Flows Ratio is fairly stable compared to the past year. Price To Free Cash Flows Ratio is likely to rise to 111.12 in 2024, whereas Price To Sales Ratio is likely to drop 0.50 in 2024. Please specify Century Aluminum's target price for which you would like Century Aluminum odds to be computed.

Century Aluminum Target Price Odds to finish below 0.11

The tendency of Century Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 0.11  or more in 90 days
 19.01 90 days 0.11 
near 1
Based on a normal probability distribution, the odds of Century Aluminum to drop to $ 0.11  or more in 90 days from now is near 1 (This Century Aluminum probability density function shows the probability of Century Stock to fall within a particular range of prices over 90 days) . Probability of Century Aluminum price to stay between $ 0.11  and its current price of $19.01 at the end of the 90-day period is about 45.08 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.8 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Century Aluminum will likely underperform. Additionally Century Aluminum has an alpha of 0.3939, implying that it can generate a 0.39 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Century Aluminum Price Density   
       Price  

Predictive Modules for Century Aluminum

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Century Aluminum. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
14.9518.8622.77
Details
Intrinsic
Valuation
LowRealHigh
10.9114.8220.92
Details
3 Analysts
Consensus
LowTargetHigh
6.987.678.51
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.230.260.29
Details

Century Aluminum Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Century Aluminum is not an exception. The market had few large corrections towards the Century Aluminum's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Century Aluminum, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Century Aluminum within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.39
β
Beta against Dow Jones1.80
σ
Overall volatility
2.85
Ir
Information ratio 0.11

Century Aluminum Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Century Aluminum for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Century Aluminum can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Century Aluminum had very high historical volatility over the last 90 days
The company reported the previous year's revenue of 2.19 B. Net Loss for the year was (43.1 M) with profit before overhead, payroll, taxes, and interest of 46.7 M.
About 62.0% of the company shares are held by institutions such as insurance companies
Latest headline from inverse.com: The Wildest Dracula Remake Of The Century Has Been 10 Years In The Making

Century Aluminum Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Century Stock often depends not only on the future outlook of the current and potential Century Aluminum's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Century Aluminum's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding92.4 M
Cash And Short Term Investments88.8 M

Century Aluminum Technical Analysis

Century Aluminum's future price can be derived by breaking down and analyzing its technical indicators over time. Century Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Century Aluminum. In general, you should focus on analyzing Century Stock price patterns and their correlations with different microeconomic environments and drivers.

Century Aluminum Predictive Forecast Models

Century Aluminum's time-series forecasting models is one of many Century Aluminum's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Century Aluminum's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Century Aluminum

Checking the ongoing alerts about Century Aluminum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Century Aluminum help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Century Aluminum had very high historical volatility over the last 90 days
The company reported the previous year's revenue of 2.19 B. Net Loss for the year was (43.1 M) with profit before overhead, payroll, taxes, and interest of 46.7 M.
About 62.0% of the company shares are held by institutions such as insurance companies
Latest headline from inverse.com: The Wildest Dracula Remake Of The Century Has Been 10 Years In The Making

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.