Central Garden Pet Stock Market Value
| CENTA Stock | USD 34.13 0.37 1.10% |
| Symbol | Central |
Central Garden Pet Price To Book Ratio
Is Household Products 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 Garden. 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 Garden 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 (0.05) | Earnings Share 1.64 | Revenue Per Share 62.57 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0446 |
The market value of Central Garden Pet 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 Garden's value that differs from its market value or its book value, called intrinsic value, which is Central Garden's 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 Garden's market value can be influenced by many factors that don't directly affect Central Garden's 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 Garden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Garden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Garden's 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 Garden '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 Garden'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 Central Garden.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Central Garden on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Central Garden Pet or generate 0.0% return on investment in Central Garden over 30 days. Central Garden is related to or competes with Seneca Foods, Central Garden, Natures Sunshine, Associated British, Nomad Foods, Bellring Brands, and Pilgrims Pride. Central Garden Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets i... More
Central Garden 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 Garden'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 Central Garden Pet upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.82 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 2.74 |
Central Garden Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Garden's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Garden's standard deviation. In reality, there are many statistical measures that can use Central Garden historical prices to predict the future Central Garden's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Central Garden's 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 Garden Pet Backtested Returns
At this point, Central Garden is very steady. Central Garden Pet secures Sharpe Ratio (or Efficiency) of 0.006, which signifies that the company had a 0.006% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Central Garden Pet, which you can use to evaluate the volatility of the firm. Please confirm Central Garden's Standard Deviation of 1.59, mean deviation of 1.25, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.0097%. The firm shows a Beta (market volatility) of 1.11, which signifies a somewhat significant risk relative to the market. Central Garden returns are very sensitive to returns on the market. As the market goes up or down, Central Garden is expected to follow. Central Garden Pet right now shows a risk of 1.62%. Please confirm Central Garden Pet maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if Central Garden Pet will be following its price patterns.
Auto-correlation | 0.92 |
Excellent predictability
Central Garden Pet has excellent predictability. Overlapping area represents the amount of predictability between Central Garden time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Central Garden Pet price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Central Garden price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Central Garden Pet lagged returns against current returns
Autocorrelation, which is Central Garden 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 Garden's stock expected returns. We can calculate the autocorrelation of Central Garden returns to help us make a trade decision. For example, suppose you find that Central Garden 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 Garden 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 Garden stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Garden stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Garden stock over time.
Current vs Lagged Prices |
| Timeline |
Central Garden Lagged Returns
When evaluating Central Garden's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Garden stock have on its future price. Central Garden 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 Garden autocorrelation shows the relationship between Central Garden stock current value and its past values and can show if there is a momentum factor associated with investing in Central Garden Pet.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Central Garden Pet offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Central Garden's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Central Garden Pet Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Central Garden Pet Stock:Check out Central Garden Correlation, Central Garden Volatility and Central Garden Alpha and Beta module to complement your research on Central Garden. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Central Garden 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.