Central Pacific Financial Stock Market Value
| CPF Stock | USD 18.70 0.02 0.11% |
| Symbol | Central |
Central Pacific Financial Price To Book Ratio
Is Central Pacific'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 Central Pacific. If investors know Central 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 Central Pacific 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 (0.26) | Dividend Share 1.04 | Earnings Share 2.17 | Revenue Per Share 8.915 | Quarterly Revenue Growth (0.08) |
The market value of Central Pacific Financial is measured differently than its book value, which is the value of Central that is recorded on the company's balance sheet. Investors also form their own opinion of Central Pacific's value that differs from its market value or its book value, called intrinsic value, which is Central Pacific'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 Central Pacific's market value can be influenced by many factors that don't directly affect Central Pacific'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 Central Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Pacific'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.
Central Pacific '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 Central Pacific'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 Central Pacific.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Central Pacific on April 29, 2022 and sell it all today you would earn a total of 0.00 from holding Central Pacific Financial or generate 0.0% return on investment in Central Pacific over 720 days. Central Pacific is related to or competes with Bank of Hawaii, Territorial Bancorp, First Bancorp, Hancock Whitney, William Penn, Parke Bancorp, and National Bank. Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial bankin... More
Central Pacific 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 Central Pacific'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 Central Pacific Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 3.08 |
Central Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Pacific's standard deviation. In reality, there are many statistical measures that can use Central Pacific historical prices to predict the future Central Pacific's volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Central Pacific'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.
Central Pacific Financial Backtested Returns
We consider Central Pacific very steady. Central Pacific Financial secures Sharpe Ratio (or Efficiency) of 0.0055, which signifies that the company had a 0.0055% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Central Pacific Financial, which you can use to evaluate the volatility of the firm. Please confirm Central Pacific's Downside Deviation of 1.66, mean deviation of 1.19, and Risk Adjusted Performance of 0.0071 to double-check if the risk estimate we provide is consistent with the expected return of 0.0091%. The firm shows a Beta (market volatility) of 0.0553, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Central Pacific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Pacific is expected to be smaller as well. Central Pacific Financial right now shows a risk of 1.65%. Please confirm Central Pacific Financial total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Central Pacific Financial will be following its price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Central Pacific Financial has poor reverse predictability. Overlapping area represents the amount of predictability between Central Pacific time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Central Pacific Financial price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Central Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 3.28 |
Central Pacific Financial lagged returns against current returns
Autocorrelation, which is Central Pacific 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 Central Pacific's stock expected returns. We can calculate the autocorrelation of Central Pacific returns to help us make a trade decision. For example, suppose you find that Central Pacific 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Central Pacific 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 Central Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Pacific stock over time.
Current vs Lagged Prices |
| Timeline |
Central Pacific Lagged Returns
When evaluating Central Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Pacific stock have on its future price. Central Pacific 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, Central Pacific autocorrelation shows the relationship between Central Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in Central Pacific Financial.
Regressed Prices |
| Timeline |
Pair Trading with Central Pacific
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 Central Pacific 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 Central Pacific will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Central Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Central Pacific 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 Central Pacific - 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 Central Pacific Financial to buy it.
The correlation of Central Pacific 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 Central Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Pacific Financial 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 Central Pacific 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 Central Pacific Correlation, Central Pacific Volatility and Central Pacific Alpha and Beta module to complement your research on Central Pacific. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Central Stock analysis
When running Central Pacific's price analysis, check to measure Central Pacific'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 Central Pacific is operating at the current time. Most of Central Pacific's value examination focuses on studying past and present price action to predict the probability of Central Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Pacific's price. Additionally, you may evaluate how the addition of Central Pacific to your portfolios can decrease your overall portfolio volatility.
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Central Pacific 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.