Scentre (Australia) Market Value
| SCG Stock | 3.68 0.04 1.08% |
| Symbol | Scentre |
Scentre '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'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.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Scentre on June 2, 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 over 180 days. Scentre is related to or competes with Austco Healthcare, Ramsay Health, Apiam Animal, Sonic Healthcare, and Duxton Broadacre. Scentre is entity of Australia. It is traded as Stock on AU exchange. More
Scentre 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'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.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0114 | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.94 |
Scentre Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scentre's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scentre's standard deviation. In reality, there are many statistical measures that can use Scentre historical prices to predict the future Scentre's volatility.| Risk Adjusted Performance | 0.0978 | |||
| Jensen Alpha | 0.1149 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0099 | |||
| Treynor Ratio | 1.12 |
Scentre Group Backtested Returns
Currently, Scentre Group is somewhat reliable. Scentre Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0894, which indicates the firm had a 0.0894% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Scentre Group, which you can use to evaluate the volatility of the company. Please validate Scentre's Risk Adjusted Performance of 0.0978, coefficient of variation of 809.8, and Semi Deviation of 1.05 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. Scentre has a performance score of 7 on a scale of 0 to 100. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scentre's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scentre is expected to be smaller as well. Scentre Group right now has a risk of 1.13%. Please validate Scentre downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Scentre will be following its existing price patterns.
Auto-correlation | -0.29 |
Weak reverse predictability
Scentre Group has weak reverse predictability. Overlapping area represents the amount of predictability between Scentre time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Scentre Group price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Scentre price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Scentre Group lagged returns against current returns
Autocorrelation, which is Scentre 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's stock expected returns. We can calculate the autocorrelation of Scentre returns to help us make a trade decision. For example, suppose you find that Scentre 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scentre stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scentre stock over time.
Current vs Lagged Prices |
| Timeline |
Scentre Lagged Returns
When evaluating Scentre's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scentre stock have on its future price. Scentre 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 autocorrelation shows the relationship between Scentre 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's price analysis, check to measure Scentre'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 is operating at the current time. Most of Scentre's value examination focuses on studying past and present price action to predict the probability of Scentre'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's price. Additionally, you may evaluate how the addition of Scentre to your portfolios can decrease your overall portfolio volatility.