Centennial Resource Development Stock Piotroski F Score
| CDEVDelisted Stock | USD 10.59 0.15 1.40% |
Centennial |
At this time, it appears that Centennial Resource's Piotroski F Score is Unavailable. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
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Piotroski F Score - Unavailable
| Current Return On Assets | N/A |
| Change in Return on Assets | N/A |
| Cash Flow Return on Assets | N/A |
| Current Quality of Earnings (accrual) | N/A |
| Asset Turnover Growth | N/A |
| Current Ratio Change | N/A |
| Long Term Debt Over Assets Change | N/A |
| Change In Outstending Shares | N/A |
| Change in Gross Margin | N/A |
Centennial Resource Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Centennial Resource is to make sure Centennial is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Centennial Resource's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Centennial Resource's financial numbers are properly reported.
About Centennial Resource Piotroski F Score
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.About Centennial Resource Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Centennial Resource Development's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Centennial Resource using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Centennial Resource Development based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Centennial Resource 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, Centennial Resource's short interest history, or implied volatility extrapolated from Centennial Resource options trading.
Pair Trading with Centennial Resource
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 Centennial Resource 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 Centennial Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Centennial Stock
| 0.69 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
| 0.76 | HNHPF | Hon Hai Precision | PairCorr |
| 0.64 | VLKAF | Volkswagen AG | PairCorr |
Moving against Centennial Stock
| 0.83 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.82 | INTC | Intel Earnings Call This Week | PairCorr |
| 0.81 | ACN | Accenture plc Financial Report 27th of June 2024 | PairCorr |
| 0.43 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Centennial Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centennial Resource 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 Centennial Resource - 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 Centennial Resource Development to buy it.
The correlation of Centennial Resource 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 Centennial Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centennial Resource 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 Centennial Resource 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Centennial Resource information on this page should be used as a complementary analysis to other Centennial Resource's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Centennial Stock
If you are still planning to invest in Centennial Resource check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Centennial Resource's history and understand the potential risks before investing.
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