CENTRICA ADR (Germany) Market Value


EUR 4.02  0.04  0.99%   

CENTRICA ADR's market value is the price at which a share of CENTRICA ADR stock trades on a public exchange. It measures the collective expectations of CENTRICA ADR NEW investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of CENTRICA ADR NEW and determine expected loss or profit from investing in CENTRICA ADR over a given investment horizon. Continue to CENTRICA ADR Correlation, CENTRICA ADR Volatility and CENTRICA ADR Alpha and Beta module to complement your research on CENTRICA ADR.

Please note, there is a significant difference between CENTRICA ADR's value and its price as these two are different measures arrived at by different means. Investors typically determine CENTRICA ADR value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CENTRICA ADR'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.

CENTRICA ADR '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 CENTRICA ADR'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 CENTRICA ADR.
No Change 0.00  0.0 
In 30 days
If you would invest  0.00  in CENTRICA ADR on October 29, 2022 and sell it all today you would earn a total of 0.00 from holding CENTRICA ADR NEW or generate 0.0% return on investment in CENTRICA ADR over 30 days. CENTRICA ADR is related to or competes with PAMPA ENERGIA, LUFTHANSA, and COMMERZBANK. Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Norway, North America, and interna... More

CENTRICA ADR 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 CENTRICA ADR'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 CENTRICA ADR NEW upside and downside potential and time the market with a certain degree of confidence.

CENTRICA ADR Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CENTRICA ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CENTRICA ADR's standard deviation. In reality, there are many statistical measures that can use CENTRICA ADR historical prices to predict the future CENTRICA ADR's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of CENTRICA ADR'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. Please use the tools below to analyze the current value of CENTRICA ADR in the context of predictive analytics.
LowEstimated ValueHigh
LowReal ValueHigh
LowNext ValueHigh
Band Projection (param)
LowerMiddle BandUpper
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CENTRICA ADR. Your research has to be compared to or analyzed against CENTRICA ADR's peers to derive any actionable benefits. When done correctly, CENTRICA ADR's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in CENTRICA ADR NEW.

CENTRICA ADR NEW Backtested Returns

CENTRICA ADR appears to be risky, given 3 months investment horizon. CENTRICA ADR NEW secures Sharpe Ratio (or Efficiency) of 0.0572, which signifies that the company had 0.0572% of return per unit of risk over the last 3 months. Our approach towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-six technical indicators for CENTRICA ADR NEW, which you can use to evaluate the future volatility of the firm. Please makes use of CENTRICA ADR's risk adjusted performance of 0.0416, and Mean Deviation of 2.56 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, CENTRICA ADR holds a performance score of 4. The firm shows a Beta (market volatility) of 0.3321, which signifies possible diversification benefits within a given portfolio. Let's try to break down what CENTRICA's beta means in this case. As returns on the market increase, CENTRICA ADR returns are expected to increase less than the market. However, during the bear market, the loss on holding CENTRICA ADR will be expected to be smaller as well. Although it is important to respect CENTRICA ADR NEW historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The approach towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining CENTRICA ADR NEW technical indicators, you can right now evaluate if the expected return of 0.24% will be sustainable into the future. Please makes use of CENTRICA ADR NEW total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio to make a quick decision on whether CENTRICA ADR price patterns will revert.



Average predictability

CENTRICA ADR NEW has average predictability. Overlapping area represents the amount of predictability between CENTRICA ADR time series from 29th of October 2022 to 13th of November 2022 and 13th of November 2022 to 28th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CENTRICA ADR NEW price movement. The serial correlation of 0.47 indicates that about 47.0% of current CENTRICA ADR price fluctuation can be explain by its past prices.
Correlation Coefficient0.47
Spearman Rank Test-0.23
Residual Average0.0
Price Variance0.1

CENTRICA ADR NEW lagged returns against current returns

Autocorrelation, which is CENTRICA ADR 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 CENTRICA ADR's stock expected returns. We can calculate the autocorrelation of CENTRICA ADR returns to help us make a trade decision. For example, suppose you find that CENTRICA ADR stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   

CENTRICA ADR 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 CENTRICA ADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CENTRICA ADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CENTRICA ADR stock over time.
   Current vs Lagged Prices   

CENTRICA ADR Lagged Returns

When evaluating CENTRICA ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CENTRICA ADR stock have on its future price. CENTRICA ADR 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, CENTRICA ADR autocorrelation shows the relationship between CENTRICA ADR stock current value and its past values and can show if there is a momentum factor associated with investing in CENTRICA ADR NEW.
   Regressed Prices   

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CENTRICA ADR in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CENTRICA ADR's short interest history, or implied volatility extrapolated from CENTRICA ADR options trading.

Pair Trading with CENTRICA ADR

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CENTRICA ADR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CENTRICA ADR will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to CENTRICA ADR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CENTRICA ADR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CENTRICA ADR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CENTRICA ADR NEW to buy it.
The correlation of CENTRICA ADR is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CENTRICA ADR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CENTRICA ADR NEW moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CENTRICA ADR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to CENTRICA ADR Correlation, CENTRICA ADR Volatility and CENTRICA ADR Alpha and Beta module to complement your research on CENTRICA ADR. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Other Tools for CENTRICA Stock

When running CENTRICA ADR NEW price analysis, check to measure CENTRICA ADR'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 CENTRICA ADR is operating at the current time. Most of CENTRICA ADR's value examination focuses on studying past and present price action to predict the probability of CENTRICA ADR's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CENTRICA ADR's price. Additionally, you may evaluate how the addition of CENTRICA ADR to your portfolios can decrease your overall portfolio volatility.
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