CRRC (Germany) Market Value
| C2L Stock | EUR 0.61 0.00 0.00% |
| Symbol | CRRC |
CRRC '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 CRRC'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 CRRC.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in CRRC on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding CRRC Limited or generate 0.0% return on investment in CRRC over 720 days. CRRC is related to or competes with Union Pacific, Canadian National, CSX, MTR, Central Japan, and East Japan. CRRC Corporation Limited and its subsidiaries research, design, develop, manufacture, sell, refurbish, service, and leas... More
CRRC 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 CRRC'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 CRRC Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.08 | |||
| Information Ratio | 0.1084 | |||
| Maximum Drawdown | 16.51 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 5.08 |
CRRC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CRRC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CRRC's standard deviation. In reality, there are many statistical measures that can use CRRC historical prices to predict the future CRRC's volatility.| Risk Adjusted Performance | 0.1029 | |||
| Jensen Alpha | 0.2948 | |||
| Total Risk Alpha | 0.2225 | |||
| Sortino Ratio | 0.0661 | |||
| Treynor Ratio | (2.56) |
CRRC Limited Backtested Returns
CRRC appears to be extremely dangerous, given 3 months investment horizon. CRRC Limited secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for CRRC Limited, which you can use to evaluate the volatility of the firm. Please makes use of CRRC's risk adjusted performance of 0.1029, and Mean Deviation of 1.53 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CRRC holds a performance score of 8. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CRRC are expected to decrease at a much lower rate. During the bear market, CRRC is likely to outperform the market. Please check CRRC's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether CRRC's price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
CRRC Limited has very good predictability. Overlapping area represents the amount of predictability between CRRC time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 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 CRRC Limited price movement. The serial correlation of 0.82 indicates that around 82.0% of current CRRC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
CRRC Limited lagged returns against current returns
Autocorrelation, which is CRRC 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 CRRC's stock expected returns. We can calculate the autocorrelation of CRRC returns to help us make a trade decision. For example, suppose you find that CRRC 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 |
CRRC 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 CRRC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CRRC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CRRC stock over time.
Current vs Lagged Prices |
| Timeline |
CRRC Lagged Returns
When evaluating CRRC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CRRC stock have on its future price. CRRC 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, CRRC autocorrelation shows the relationship between CRRC stock current value and its past values and can show if there is a momentum factor associated with investing in CRRC Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CRRC Stock
CRRC financial ratios help investors to determine whether CRRC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CRRC with respect to the benefits of owning CRRC security.