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published in Blogs
Jul 07, 2023

Market Neutral Strategy Boosts CENN: A 20.51% Gain Forecast

Unraveling the Market Neutral Strategy in a Volatile Market: The Case of CENN

In an increasingly unpredictable and choppy market, seasoned traders and investors are constantly seeking ways to optimize their investment portfolios and minimize potential losses. The Market Neutral Strategy, employing both technical and fundamental analysis (TA&FA), offers a promising solution to this challenge.

One notable example of this approach's success is seen in CENN, a stock that has been gaining significant traction amongst savvy investors. With an impressive 20.51% yield from this strategy, CENN is rapidly cementing its status as a popular choice among traders.

The recent trends in CENN's performance offer fascinating insights. After a substantial +24.83% 3-day advance, market data, and statistical analysis estimate a further increase in the stock's price. This is not merely an isolated incident or a result of a sudden surge in the market. Historical data provide substantial evidence of this effect.

In situations where CENN advanced for three days consecutively, the stock's price rose further in the following month in 130 of 165 recorded cases. These figures indicate a remarkable 79% probability of a continued upward trend, demonstrating the strength and reliability of this stock's performance.

This correlation between a 3-day advance and subsequent growth can provide traders with a unique edge, allowing them to adjust their portfolios accordingly to maximize potential returns. The market-neutral strategy's impressive yield of 20.51% for CENN is a testament to the effectiveness of this approach. By integrating these tactics with the core principles of technical and fundamental analysis, traders can effectively navigate the market's unpredictability.

The key takeaway from CENN's success story is the power of a well-implemented market-neutral strategy. By balancing both technical and fundamental analysis, it's possible to identify high-potential stocks like CENN, even in a turbulent market. This strategy can be an invaluable tool for investors looking to take advantage of market fluctuations while maintaining a balanced and robust portfolio.

Amidst the choppy waves of the market, CENN emerges as a beacon of steady growth, representing a solid example of the successful implementation of the market-neutral strategy. Its remarkable performance exemplifies the importance of data-driven investment decisions and strategic portfolio management, promising a bright future for those who dare to navigate the tumultuous waters of stock trading.

Related Ticker: CENN

CENN in upward trend: price may ascend as a result of having broken its lower Bollinger Band on September 08, 2023

CENN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 33 cases where CENN's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CENN's RSI Oscillator exited the oversold zone, of 42 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on CENN as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CENN just turned positive on September 13, 2023. Looking at past instances where CENN's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CENN advanced for three days, in of 166 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 25 cases where CENN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CENN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for CENN entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.517) is normal, around the industry mean (6.743). P/E Ratio (0.000) is within average values for comparable stocks, (20.678). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.664). CENN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (6.536) is also within normal values, averaging (52.056).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CENN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CENN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 33.94B. The market cap for tickers in the group ranges from 2.49M to 783.94B. TSLA holds the highest valuation in this group at 783.94B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -4%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was 117%. CJET experienced the highest price growth at 8%, while FFIE experienced the biggest fall at -37%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was -1%. For the same stocks of the Industry, the average monthly volume growth was -8% and the average quarterly volume growth was 1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 47
P/E Growth Rating: 69
Price Growth Rating: 59
SMR Rating: 67
Profit Risk Rating: 85
Seasonality Score: -32 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of intimate apparel and swimwear

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
Apparel Or Footwear
Address
501 Okerson Road
Phone
+1 732 820-6757
Employees
279
Web
https://www.cenntroauto.com
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CENN and

Correlation & Price change

A.I.dvisor indicates that over the last year, CENN has been loosely correlated with LCID. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if CENN jumps, then LCID could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CENN
1D Price
Change %
CENN100%
+0.64%
LCID - CENN
40%
Loosely correlated
+0.39%
WKHS - CENN
39%
Loosely correlated
+5.00%
RIVN - CENN
37%
Loosely correlated
+2.62%
TSLA - CENN
36%
Loosely correlated
+0.86%
FSR - CENN
35%
Loosely correlated
-5.68%
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