Scentre Group (Australia) Market Value
| SCG Stock | 3.32 0.03 0.91% |
| Symbol | Scentre |
Scentre Group '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 Scentre Group'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 Scentre Group.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Scentre Group on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Scentre Group or generate 0.0% return on investment in Scentre Group over 90 days. Scentre Group is related to or competes with Lendlease, Platinum Asset, REGAL ASIAN, MotorCycle Holdings, and Mirrabooka Investments. Scentre Group is entity of Australia. It is traded as Stock on AU exchange. More
Scentre Group 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 Scentre Group'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 Scentre Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.011 | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.47 |
Scentre Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scentre Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scentre Group's standard deviation. In reality, there are many statistical measures that can use Scentre Group historical prices to predict the future Scentre Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0358 | |||
| Treynor Ratio | (0.39) |
Scentre Group Backtested Returns
Scentre Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0179, which indicates the firm had a -0.0179 % return per unit of risk over the last 3 months. Scentre Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scentre Group's Coefficient Of Variation of (1,217), risk adjusted performance of (0.07), and Variance of 1.13 to confirm the risk estimate we provide. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scentre Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scentre Group is expected to be smaller as well. At this point, Scentre Group has a negative expected return of -0.0187%. Please make sure to validate Scentre Group's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Scentre Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Scentre Group has very good reverse predictability. Overlapping area represents the amount of predictability between Scentre Group time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Scentre Group price movement. The serial correlation of -0.68 indicates that around 68.0% of current Scentre Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Scentre Group lagged returns against current returns
Autocorrelation, which is Scentre Group 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 Scentre Group's stock expected returns. We can calculate the autocorrelation of Scentre Group returns to help us make a trade decision. For example, suppose you find that Scentre Group 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 |
Scentre Group 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 Scentre Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scentre Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scentre Group stock over time.
Current vs Lagged Prices |
| Timeline |
Scentre Group Lagged Returns
When evaluating Scentre Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scentre Group stock have on its future price. Scentre Group 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, Scentre Group autocorrelation shows the relationship between Scentre Group stock current value and its past values and can show if there is a momentum factor associated with investing in Scentre Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Scentre Stock Analysis
When running Scentre Group's price analysis, check to measure Scentre Group'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 Scentre Group is operating at the current time. Most of Scentre Group's value examination focuses on studying past and present price action to predict the probability of Scentre Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scentre Group's price. Additionally, you may evaluate how the addition of Scentre Group to your portfolios can decrease your overall portfolio volatility.