Century Aluminum Stock Alpha and Beta Analysis

CENX Stock  USD 16.28  0.27  1.69%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Century Aluminum. It also helps investors analyze the systematic and unsystematic risks associated with investing in Century Aluminum over a specified time horizon. Remember, high Century Aluminum's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Century Aluminum's market risk premium analysis include:
Beta
2.01
Alpha
0.48
Risk
3.29
Sharpe Ratio
0.24
Expected Return
0.79
Please note that although Century Aluminum alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Century Aluminum did 0.48  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Century Aluminum stock's relative risk over its benchmark. Century Aluminum has a beta of 2.01  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Century Aluminum will likely underperform. Tangible Book Value Per Share is likely to rise to 6.45 in 2024, whereas Book Value Per Share is likely to drop 3.66 in 2024.

Enterprise Value

736.02 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Century Aluminum Backtesting, Century Aluminum Valuation, Century Aluminum Correlation, Century Aluminum Hype Analysis, Century Aluminum Volatility, Century Aluminum History and analyze Century Aluminum Performance.
For more information on how to buy Century Stock please use our How to Invest in Century Aluminum guide.

Century Aluminum Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Century Aluminum market risk premium is the additional return an investor will receive from holding Century Aluminum long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Century Aluminum. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Century Aluminum's performance over market.
α0.48   β2.01

Century Aluminum expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Century Aluminum's Buy-and-hold return. Our buy-and-hold chart shows how Century Aluminum performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Century Aluminum Market Price Analysis

Market price analysis indicators help investors to evaluate how Century Aluminum 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 Aluminum shares will generate the highest return on investment. By understating and applying Century Aluminum stock market price indicators, traders can identify Century Aluminum position entry and exit signals to maximize returns.

Century Aluminum Return and Market Media

The median price of Century Aluminum for the period between Sat, Feb 3, 2024 and Fri, May 3, 2024 is 12.06 with a coefficient of variation of 22.38. The daily time series for the period is distributed with a sample standard deviation of 3.0, arithmetic mean of 13.41, and mean deviation of 2.79. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Payment of 3211 shares by Peter Trpkovski of Century Aluminum subject to Rule 16b-3
02/13/2024
2
Disposition of tradable shares by Kenneth Calloway of Century Aluminum subject to Rule 16b-3
03/12/2024
3
Why Is Century Up 23.5 percent Since Last Earnings Report
03/22/2024
4
The Quest to Clean Up Heavy Industry in America
03/25/2024
5
Why Century Aluminum Shares Jumped This Week
03/28/2024
6
Kentucky can be Americas new aluminum frontier, creating clean jobs, prosperity Opinion
04/11/2024
7
Century Aluminum Sets Date for First Quarter 2024 Earnings Announcement
04/18/2024
8
Century Aluminum Q1 2024 Earnings Preview
04/30/2024
9
Century Aluminum Co Surpasses Analyst Revenue Forecasts Despite Adjusted Net Loss in Q1 2024
05/01/2024

About Century Aluminum Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Century or other stocks. Alpha measures the amount that position in Century Aluminum has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2023 2024 (projected)
Dividend Yield2.2E-52.1E-5
Price To Sales Ratio0.510.5

Century Aluminum Upcoming Company Events

As portrayed in its financial statements, the presentation of Century Aluminum's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Century Aluminum's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Century Aluminum's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Century Aluminum. Please utilize our Beneish M Score to check the likelihood of Century Aluminum's management manipulating its earnings.
22nd of February 2024
Upcoming Quarterly Report
View
13th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
22nd of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Build Portfolio with Century Aluminum

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

Build Diversified Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Century Aluminum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Century Aluminum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Century Aluminum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Century Aluminum Stock:

Complementary Tools for Century Stock analysis

When running Century Aluminum's price analysis, check to measure Century Aluminum'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 Century Aluminum is operating at the current time. Most of Century Aluminum's value examination focuses on studying past and present price action to predict the probability of Century Aluminum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Aluminum's price. Additionally, you may evaluate how the addition of Century Aluminum to your portfolios can decrease your overall portfolio volatility.
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Money Managers
Screen money managers from public funds and ETFs managed around the world
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Century Aluminum 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 Century Aluminum technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Century Aluminum 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...