Cemtrex Stock Market Value
| CETX Stock | USD 3.18 0.03 0.93% |
| Symbol | Cemtrex |
Cemtrex Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Cemtrex. If investors know Cemtrex 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 Cemtrex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share -1.7 K | Revenue Per Share 459.181 | Quarterly Revenue Growth (0) | Return On Assets (0.07) | Return On Equity (3.19) |
The market value of Cemtrex is measured differently than its book value, which is the value of Cemtrex that is recorded on the company's balance sheet. Investors also form their own opinion of Cemtrex's value that differs from its market value or its book value, called intrinsic value, which is Cemtrex'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 Cemtrex's market value can be influenced by many factors that don't directly affect Cemtrex'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 Cemtrex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cemtrex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cemtrex'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.
Cemtrex '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 Cemtrex'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 Cemtrex.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Cemtrex on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Cemtrex or generate 0.0% return on investment in Cemtrex over 540 days. Cemtrex is related to or competes with Desktop Metal, Knowles Cor, Ubiquiti Networks, Viavi Solutions, Vislink Technologies, and VerifyMe. Cemtrex, Inc. operates as a technology company in the United States and internationally More
Cemtrex 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 Cemtrex'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 Cemtrex upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 75.61 | |||
| Value At Risk | (33.92) | |||
| Potential Upside | 8.73 |
Cemtrex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cemtrex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cemtrex's standard deviation. In reality, there are many statistical measures that can use Cemtrex historical prices to predict the future Cemtrex's volatility.| Risk Adjusted Performance | (0.32) | |||
| Jensen Alpha | (5.65) | |||
| Total Risk Alpha | (7.85) | |||
| Treynor Ratio | 26.48 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cemtrex'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.
Cemtrex Backtested Returns
Cemtrex secures Sharpe Ratio (or Efficiency) of -0.44, which signifies that the company had a -0.44% return per unit of risk over the last 3 months. Cemtrex exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cemtrex's Standard Deviation of 13.02, risk adjusted performance of (0.32), and Mean Deviation of 8.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cemtrex are expected to decrease at a much lower rate. During the bear market, Cemtrex is likely to outperform the market. At this point, Cemtrex has a negative expected return of -5.8%. Please make sure to confirm Cemtrex's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Cemtrex performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.87 |
Very good predictability
Cemtrex has very good predictability. Overlapping area represents the amount of predictability between Cemtrex time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 Cemtrex price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Cemtrex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 8.4 M |
Cemtrex lagged returns against current returns
Autocorrelation, which is Cemtrex 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 Cemtrex's stock expected returns. We can calculate the autocorrelation of Cemtrex returns to help us make a trade decision. For example, suppose you find that Cemtrex 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 |
Cemtrex 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 Cemtrex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cemtrex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cemtrex stock over time.
Current vs Lagged Prices |
| Timeline |
Cemtrex Lagged Returns
When evaluating Cemtrex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cemtrex stock have on its future price. Cemtrex 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, Cemtrex autocorrelation shows the relationship between Cemtrex stock current value and its past values and can show if there is a momentum factor associated with investing in Cemtrex.
Regressed Prices |
| Timeline |
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When running Cemtrex's price analysis, check to measure Cemtrex'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 Cemtrex is operating at the current time. Most of Cemtrex's value examination focuses on studying past and present price action to predict the probability of Cemtrex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cemtrex's price. Additionally, you may evaluate how the addition of Cemtrex to your portfolios can decrease your overall portfolio volatility.