Century Casinos Stock Forecast - Market Facilitation Index
| CNTY Stock | USD 3.11 0.20 6.87% |
Century Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Century Casinos stock prices and determine the direction of Century Casinos's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Century Casinos' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Century Casinos' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Century Casinos' systematic risk associated with finding meaningful patterns of Century Casinos fundamentals over time.
Check out Historical Fundamental Analysis of Century Casinos to cross-verify your projections. Century |
Open Interest Against 2024-05-17 Century Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Century Casinos' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Century Casinos' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Century Casinos stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Century Casinos' open interest, investors have to compare it to Century Casinos' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Century Casinos is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Century. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Century Casinos cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Century Casinos' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Century Casinos' price structures and extracts relationships that further increase the generated results' accuracy.
Market Facilitation Index is simply a difference between period high and low prices divided by period trading volume.| Check Century Casinos Volatility | Backtest Century Casinos | Information Ratio |
Century Casinos Trading Date Momentum
| On May 02 2024 Century Casinos was traded for 3.11 at the closing time. The top price for the day was 3.12 and the lowest listed price was 2.91 . The trading volume for the day was 100.7 K. The trading history from May 2, 2024 did not affect price variability. The overall trading delta against the current closing price is 5.79% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
| Compare Century Casinos to competition |
Other Forecasting Options for Century Casinos
For every potential investor in Century, whether a beginner or expert, Century Casinos' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Century Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Century. Basic forecasting techniques help filter out the noise by identifying Century Casinos' price trends.Century Casinos Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Century Casinos stock to make a market-neutral strategy. Peer analysis of Century Casinos could also be used in its relative valuation, which is a method of valuing Century Casinos by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Century Casinos Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Century Casinos' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Century Casinos' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Century Casinos Market Strength Events
Market strength indicators help investors to evaluate how Century Casinos stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Century Casinos shares will generate the highest return on investment. By undertsting and applying Century Casinos stock market strength indicators, traders can identify Century Casinos entry and exit signals to maximize returns.
Century Casinos Risk Indicators
The analysis of Century Casinos' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Century Casinos' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting century stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.55 | |||
| Standard Deviation | 4.54 | |||
| Variance | 20.64 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Century Casinos
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 Century Casinos 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 Century Casinos will appreciate offsetting losses from the drop in the long position's value.Moving against Century Stock
| 0.61 | IHG | InterContinental Hotels Earnings Call Tomorrow | PairCorr |
| 0.56 | FWRG | First Watch Restaurant Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Century Casinos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Casinos 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 Century Casinos - 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 Century Casinos to buy it.
The correlation of Century Casinos is a statistical measure of how it moves in relation to other instruments. 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 Century Casinos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Century Casinos 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 Century Casinos 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.Check out Historical Fundamental Analysis of Century Casinos to cross-verify your projections. For more information on how to buy Century Stock please use our How to Invest in Century Casinos guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Century Stock analysis
When running Century Casinos' price analysis, check to measure Century Casinos' 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 Century Casinos is operating at the current time. Most of Century Casinos' value examination focuses on studying past and present price action to predict the probability of Century Casinos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Casinos' price. Additionally, you may evaluate how the addition of Century Casinos to your portfolios can decrease your overall portfolio volatility.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |
Is Century Casinos' 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 Century Casinos. 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 Casinos 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 (0.75) | Earnings Share (0.93) | Revenue Per Share 18.174 | Quarterly Revenue Growth 0.386 | Return On Assets 0.0366 |
The market value of Century Casinos 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 Casinos' value that differs from its market value or its book value, called intrinsic value, which is Century Casinos' 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 Casinos' market value can be influenced by many factors that don't directly affect Century Casinos' 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 Casinos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Century Casinos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Century Casinos' 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.