Central Securities Corporation (CET)

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Central Securities Corporation (CET) is up 6.0% since the beginning of the year. At $53 per share, CET is trading just below its 52-week high of $55. Investors who bought $1,000 worth of CET shares 5 years ago would now be looking at an investment worth $1,738.

Central Securities Corporation (CET) has returned 6.01% so far this year and 17.64% over the past 12 months. Looking at the last ten years, CET has achieved an annualized return of 16.33%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.

Based on dividend-adjusted daily data since Mar 17, 1992, CET's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.2%, while the worst month was Aug 1998 at -17.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, CET closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +12.2%, while the worst single day was Mar 18, 2020 at -13.6%.

Central Securities Corporation has an annualized alpha of 5.86%, beta of 0.65, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since March 17, 1992.

• This stock captured 100.51% of S&P 500 Index gains but only 90.00% of its losses - a favorable profile for investors.
• Beta of 0.65 may look defensive, but with R2 of 0.40 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.40 means the benchmark explains less than half of this stock's behavior - treat beta with caution or consider switching to a more representative benchmark.

CET ranks 80 for risk / return — above 80% of stocks peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.

Central Securities Corporation provided a 5.16% dividend yield over the last twelve months, with an annual payout of $2.76 per share. The company has been increasing its dividends for 2 consecutive years.

The table displays the monthly dividend distributions for Central Securities Corporation. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Central Securities Corporation. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Central Securities Corporation was 56.69%, occurring on Mar 9, 2009. Recovery took 460 trading sessions.

The current Central Securities Corporation drawdown is 0.58%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Central Securities Corporation over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Central Securities Corporation is priced in the market compared to other companies in the Asset Management industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.