Century Petroleum Corp Stock Market Value
| CYPE Stock | USD 0.00001 0.00 0.00% |
| Symbol | Century |
Century Petroleum Corp Price To Book Ratio
Is Oil & Gas Exploration & Production 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 Century Petroleum. If investors know Century 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 Century Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Century Petroleum Corp is measured differently than its book value, which is the value of Century that is recorded on the company's balance sheet. Investors also form their own opinion of Century Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Century Petroleum'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 Century Petroleum's market value can be influenced by many factors that don't directly affect Century Petroleum'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 Century Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Petroleum'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.
Century Petroleum '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 Century Petroleum'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 Century Petroleum.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Century Petroleum on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Century Petroleum Corp or generate 0.0% return on investment in Century Petroleum over 60 days. Ibeto Cement Company Limited engages in cement manufacturing activities More
Century Petroleum 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 Century Petroleum'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 Century Petroleum Corp upside and downside potential and time the market with a certain degree of confidence.
Century Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Petroleum's standard deviation. In reality, there are many statistical measures that can use Century Petroleum historical prices to predict the future Century Petroleum's volatility.Century Petroleum Corp Backtested Returns
Century Petroleum Corp secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate data for two different technical indicators, which can help you to evaluate if expected returns of 15.87% are justified by taking the suggested risk. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Century Petroleum are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Century Petroleum Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Century Petroleum time series from 13th of October 2024 to 12th of November 2024 and 12th of November 2024 to 12th 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 Century Petroleum Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Century Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Century Petroleum Corp lagged returns against current returns
Autocorrelation, which is Century Petroleum 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 Century Petroleum's stock expected returns. We can calculate the autocorrelation of Century Petroleum returns to help us make a trade decision. For example, suppose you find that Century Petroleum 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 |
Century Petroleum 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 Century Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Century Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Century Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Century Petroleum Lagged Returns
When evaluating Century Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Century Petroleum stock have on its future price. Century Petroleum 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, Century Petroleum autocorrelation shows the relationship between Century Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Century Petroleum Corp.
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 Century Petroleum Corp is a strong investment it is important to analyze Century Petroleum's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Century Petroleum's future performance. For an informed investment choice regarding Century Stock, refer to the following important reports:Check out Century Petroleum Correlation, Century Petroleum Volatility and Century Petroleum Alpha and Beta module to complement your research on Century Petroleum. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Century Petroleum 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.