Centrex Metals (Australia) Market Value
| CXM Stock | 0.02 0.00 0.00% |
| Symbol | Centrex |
Centrex Metals '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 Centrex Metals' 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 Centrex Metals.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Centrex Metals on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Centrex Metals or generate 0.0% return on investment in Centrex Metals over 180 days. Centrex Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Aneka Tambang, Sandfire Resources, De Grey, and Perseus Mining. Centrex Metals is entity of Australia. It is traded as Stock on AU exchange. More
Centrex Metals 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 Centrex Metals' 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 Centrex Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 24.15 | |||
| Value At Risk | (12.00) | |||
| Potential Upside | 6.52 |
Centrex Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centrex Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centrex Metals' standard deviation. In reality, there are many statistical measures that can use Centrex Metals historical prices to predict the future Centrex Metals' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (1.00) | |||
| Total Risk Alpha | (1.23) | |||
| Treynor Ratio | 2.94 |
Centrex Metals Backtested Returns
Centrex Metals secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of risk over the last 3 months. Centrex Metals exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centrex Metals' Standard Deviation of 5.13, mean deviation of 3.73, and Risk Adjusted Performance of (0.15) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Centrex Metals are expected to decrease at a much lower rate. During the bear market, Centrex Metals is likely to outperform the market. At this point, Centrex Metals has a negative expected return of -1.12%. Please make sure to confirm Centrex Metals' information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and value at risk , to decide if Centrex Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Centrex Metals has below average predictability. Overlapping area represents the amount of predictability between Centrex Metals time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th 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 Centrex Metals price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Centrex Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Centrex Metals lagged returns against current returns
Autocorrelation, which is Centrex Metals 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 Centrex Metals' stock expected returns. We can calculate the autocorrelation of Centrex Metals returns to help us make a trade decision. For example, suppose you find that Centrex Metals 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 |
Centrex Metals 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 Centrex Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centrex Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centrex Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Centrex Metals Lagged Returns
When evaluating Centrex Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centrex Metals stock have on its future price. Centrex Metals 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, Centrex Metals autocorrelation shows the relationship between Centrex Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Centrex Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Centrex Stock Analysis
When running Centrex Metals' price analysis, check to measure Centrex Metals' 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 Centrex Metals is operating at the current time. Most of Centrex Metals' value examination focuses on studying past and present price action to predict the probability of Centrex Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centrex Metals' price. Additionally, you may evaluate how the addition of Centrex Metals to your portfolios can decrease your overall portfolio volatility.