CENTRICA ADR (Germany) Market Value
| CENN Stock | EUR 5.75 0.10 1.71% |
| Symbol | CENTRICA |
CENTRICA ADR '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 CENTRICA ADR'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 CENTRICA ADR.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in CENTRICA ADR on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding CENTRICA ADR NEW or generate 0.0% return on investment in CENTRICA ADR over 30 days. CENTRICA ADR is related to or competes with Gladstone Investment, GFL ENVIRONM(SUBVTSH, SCANSOURCE (SC3SG), PennyMac Mortgage, RELIANCE STEEL, and SLR Investment. Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and interna... More
CENTRICA ADR 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 CENTRICA ADR'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 CENTRICA ADR NEW upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.9 |
CENTRICA ADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CENTRICA ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CENTRICA ADR's standard deviation. In reality, there are many statistical measures that can use CENTRICA ADR historical prices to predict the future CENTRICA ADR's volatility.| Risk Adjusted Performance | 0.0154 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0151 |
CENTRICA ADR NEW Backtested Returns
At this point, CENTRICA ADR is not too volatile. CENTRICA ADR NEW secures Sharpe Ratio (or Efficiency) of 0.0047, which signifies that the company had a 0.0047% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CENTRICA ADR NEW, which you can use to evaluate the volatility of the firm. Please confirm CENTRICA ADR's risk adjusted performance of 0.0154, and Mean Deviation of 1.08 to double-check if the risk estimate we provide is consistent with the expected return of 0.0064%. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CENTRICA ADR's returns are expected to increase less than the market. However, during the bear market, the loss of holding CENTRICA ADR is expected to be smaller as well. CENTRICA ADR NEW at this time shows a risk of 1.36%. Please confirm CENTRICA ADR NEW information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if CENTRICA ADR NEW will be following its price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
CENTRICA ADR NEW has poor reverse predictability. Overlapping area represents the amount of predictability between CENTRICA ADR time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 CENTRICA ADR NEW price movement. The serial correlation of -0.39 indicates that just about 39.0% of current CENTRICA ADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CENTRICA ADR NEW lagged returns against current returns
Autocorrelation, which is CENTRICA ADR 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 CENTRICA ADR's stock expected returns. We can calculate the autocorrelation of CENTRICA ADR returns to help us make a trade decision. For example, suppose you find that CENTRICA ADR 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 |
CENTRICA ADR 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 CENTRICA ADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CENTRICA ADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CENTRICA ADR stock over time.
Current vs Lagged Prices |
| Timeline |
CENTRICA ADR Lagged Returns
When evaluating CENTRICA ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CENTRICA ADR stock have on its future price. CENTRICA ADR 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, CENTRICA ADR autocorrelation shows the relationship between CENTRICA ADR stock current value and its past values and can show if there is a momentum factor associated with investing in CENTRICA ADR NEW.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CENTRICA Stock
CENTRICA ADR financial ratios help investors to determine whether CENTRICA 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 CENTRICA with respect to the benefits of owning CENTRICA ADR security.