Centogene Stock Forecast - Day Typical Price
| CNTG Stock | USD 0.44 0.02 4.76% |
Centogene Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Centogene stock prices and determine the direction of Centogene B V's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Centogene's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Centogene's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Centogene's systematic risk associated with finding meaningful patterns of Centogene fundamentals over time.
Check out Historical Fundamental Analysis of Centogene to cross-verify your projections. Centogene |
Most investors in Centogene 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 Centogene's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Centogene's price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 0.44 | 0.44 |
| Check Centogene Volatility | Backtest Centogene | Information Ratio |
Centogene Trading Date Momentum
| On May 01 2024 Centogene B V was traded for 0.44 at the closing time. The top price for the day was 0.45 and the lowest listed price was 0.43 . The trading volume for the day was 3.6 K. The trading history from May 1, 2024 did not affect price variability. The overall trading delta against the current closing price is 2.27% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare Centogene to competition |
Other Forecasting Options for Centogene
For every potential investor in Centogene, whether a beginner or expert, Centogene's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Centogene Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Centogene. Basic forecasting techniques help filter out the noise by identifying Centogene's price trends.Centogene 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 Centogene stock to make a market-neutral strategy. Peer analysis of Centogene could also be used in its relative valuation, which is a method of valuing Centogene by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Centogene B V 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 Centogene's 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 Centogene's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Centogene Market Strength Events
Market strength indicators help investors to evaluate how Centogene stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Centogene shares will generate the highest return on investment. By undertsting and applying Centogene stock market strength indicators, traders can identify Centogene B V entry and exit signals to maximize returns.
Centogene Risk Indicators
The analysis of Centogene's 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 Centogene's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting centogene 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 | 4.06 | |||
| Standard Deviation | 5.36 | |||
| Variance | 28.69 |
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.
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 Centogene 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, Centogene's short interest history, or implied volatility extrapolated from Centogene options trading.
Pair Trading with Centogene
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 Centogene 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 Centogene will appreciate offsetting losses from the drop in the long position's value.Moving together with Centogene Stock
| 0.82 | ZJYL | JIN MEDICAL INTERNATIONAL | PairCorr |
Moving against Centogene Stock
| 0.79 | VKTX | Viking Therapeutics | PairCorr |
| 0.77 | OMI | Owens Minor Earnings Call Next Week | PairCorr |
| 0.77 | GCTK | GlucoTrack | PairCorr |
| 0.72 | OGN | Organon Financial Report 2nd of May 2024 | PairCorr |
| 0.67 | LMAT | LeMaitre Vascular Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Centogene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centogene 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 Centogene - 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 Centogene B V to buy it.
The correlation of Centogene 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 Centogene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centogene B V 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 Centogene 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 Centogene to cross-verify your projections. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Centogene Stock analysis
When running Centogene's price analysis, check to measure Centogene'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 Centogene is operating at the current time. Most of Centogene's value examination focuses on studying past and present price action to predict the probability of Centogene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centogene's price. Additionally, you may evaluate how the addition of Centogene to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |
Is Centogene'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 Centogene. If investors know Centogene 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 Centogene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.55) | Revenue Per Share 1.845 | Quarterly Revenue Growth 0.113 | Return On Assets (0.28) | Return On Equity (13.75) |
The market value of Centogene B V is measured differently than its book value, which is the value of Centogene that is recorded on the company's balance sheet. Investors also form their own opinion of Centogene's value that differs from its market value or its book value, called intrinsic value, which is Centogene'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 Centogene's market value can be influenced by many factors that don't directly affect Centogene'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 Centogene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centogene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centogene'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.