CenterPoint Stock Market Value

CNP
 Stock
  

USD 30.45  0.22  0.72%   

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


Is CenterPoint Energy's industry 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 CenterPoint Energy. If investors know CenterPoint 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 CenterPoint Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.07) 
Market Capitalization
19.3 B
Quarterly Revenue Growth YOY
0.088
Return On Assets
0.0261
Return On Equity
0.1
The market value of CenterPoint Energy is measured differently than its book value, which is the value of CenterPoint that is recorded on the company's balance sheet. Investors also form their own opinion of CenterPoint Energy's value that differs from its market value or its book value, called intrinsic value, which is CenterPoint Energy'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 CenterPoint Energy's market value can be influenced by many factors that don't directly affect CenterPoint Energy'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 CenterPoint Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine CenterPoint Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CenterPoint Energy'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.

CenterPoint Energy '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 CenterPoint Energy'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 CenterPoint Energy.
0.00
11/05/2022
No Change 0.00  0.0 
In 31 days
12/05/2022
0.00
If you would invest  0.00  in CenterPoint Energy on November 5, 2022 and sell it all today you would earn a total of 0.00 from holding CenterPoint Energy or generate 0.0% return on investment in CenterPoint Energy over 30 days. CenterPoint Energy is related to or competes with Centrais Electricas, Enel Chile, Entergy, Evergy, Fortis, Genie Energy, and IDACORP. CenterPoint Energy, Inc. operates as a public utility holding company in the United States More

CenterPoint Energy 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 CenterPoint Energy'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 CenterPoint Energy upside and downside potential and time the market with a certain degree of confidence.

CenterPoint Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CenterPoint Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CenterPoint Energy's standard deviation. In reality, there are many statistical measures that can use CenterPoint Energy historical prices to predict the future CenterPoint Energy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of CenterPoint Energy'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 CenterPoint Energy in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
28.6430.4332.22
Details
Intrinsic
Valuation
LowReal ValueHigh
28.2129.9931.78
Details
8 Analysts
Consensus
LowTarget PriceHigh
29.0030.2031.00
Details
Earnings
Estimates (4)
LowProjected EPSHigh
1.451.551.61
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CenterPoint Energy. Your research has to be compared to or analyzed against CenterPoint Energy's peers to derive any actionable benefits. When done correctly, CenterPoint Energy'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 CenterPoint Energy.

CenterPoint Energy Backtested Returns

CenterPoint Energy secures Sharpe Ratio (or Efficiency) of -0.0204, which signifies that the company had -0.0204% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. CenterPoint Energy exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CenterPoint Energy mean deviation of 1.37, and Risk Adjusted Performance of (0.012492) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.8366, which signifies possible diversification benefits within a given portfolio. Let's try to break down what CenterPoint's beta means in this case. As returns on the market increase, CenterPoint Energy returns are expected to increase less than the market. However, during the bear market, the loss on holding CenterPoint Energy will be expected to be smaller as well. Even though it is essential to pay attention to CenterPoint Energy historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. CenterPoint Energy exposes twenty-seven different technical indicators, which can help you to evaluate its performance. CenterPoint Energy has an expected return of -0.0364%. Please be advised to confirm CenterPoint Energy treynor ratio, as well as the relationship between the semi variance and daily balance of power to decide if CenterPoint Energy performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.44  

Average predictability

CenterPoint Energy has average predictability. Overlapping area represents the amount of predictability between CenterPoint Energy time series from 5th of November 2022 to 20th of November 2022 and 20th of November 2022 to 5th of December 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 CenterPoint Energy price movement. The serial correlation of 0.44 indicates that just about 44.0% of current CenterPoint Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.44
Spearman Rank Test0.22
Residual Average0.0
Price Variance0.11

CenterPoint Energy lagged returns against current returns

Autocorrelation, which is CenterPoint Energy 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 CenterPoint Energy's stock expected returns. We can calculate the autocorrelation of CenterPoint Energy returns to help us make a trade decision. For example, suppose you find that CenterPoint Energy 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   
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       Timeline  

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

CenterPoint Energy Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in CenterPoint Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with CenterPoint Energy

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 CenterPoint Energy 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 CenterPoint Energy will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to CenterPoint Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CenterPoint Energy 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 CenterPoint Energy - 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 CenterPoint Energy to buy it.
The correlation of CenterPoint Energy 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 CenterPoint Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CenterPoint Energy 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 CenterPoint Energy 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 CenterPoint Energy Correlation, CenterPoint Energy Volatility and CenterPoint Energy Alpha and Beta module to complement your research on CenterPoint Energy. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running CenterPoint Energy price analysis, check to measure CenterPoint Energy'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 CenterPoint Energy is operating at the current time. Most of CenterPoint Energy's value examination focuses on studying past and present price action to predict the probability of CenterPoint Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CenterPoint Energy's price. Additionally, you may evaluate how the addition of CenterPoint Energy to your portfolios can decrease your overall portfolio volatility.
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CenterPoint Energy 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.
A focus of CenterPoint Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CenterPoint Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...