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Central’s investment objective is long-term growth of capital. The fund invests primarily in common stocks, but may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Managements philosophy is based on value investing combined with a policy of remaining generally fully invested. Management employs a variety of strategies and does not use a particular formula.
Central Securities trades on the AMEX stock market under the symbol CET.
As of March 27, 2024, CET stock price climbed to $41.48 with 64,756 million shares trading.
CET has a beta of 0.69, meaning it tends to be less sensitive to market movements. CET has a correlation of 0.56 to the broad based SPY ETF.
CET has a market cap of $1.18 billion. This is considered a Small Cap stock.
In the last 3 years, CET stock traded as high as $45.14 and as low as $33.01.
CET has underperformed the market in the last year with a return of +26.9%, while the SPY ETF gained +33.6%. In the last 3 month period, CET fell short of the market, returning +9.4%, while SPY returned +10.1%. However, in the most recent 2 weeks CET has outperformed the stock market by returning +3.7%, while SPY returned +1.7%.
CET support price is $40.85 and resistance is $41.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CET stock will trade within this expected range on the day.