Cromwell Property (Australia) Market Value
| CMW Stock | 0.38 0.01 2.56% |
| Symbol | Cromwell |
Cromwell Property '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 Cromwell Property'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 Cromwell Property.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Cromwell Property on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Cromwell Property Group or generate 0.0% return on investment in Cromwell Property over 90 days. Cromwell Property is related to or competes with Charter Hall, Dexus Convenience, Argo Investments, Super Retail, Diversified United, Auctus Alternative, and Ainsworth Game. Cromwell Property is entity of Australia More
Cromwell Property 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 Cromwell Property'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 Cromwell Property Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.64 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 2.56 |
Cromwell Property Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cromwell Property's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cromwell Property's standard deviation. In reality, there are many statistical measures that can use Cromwell Property historical prices to predict the future Cromwell Property's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.251 |
Cromwell Property Backtested Returns
Cromwell Property secures Sharpe Ratio (or Efficiency) of -0.0256, which signifies that the company had a -0.0256% return per unit of risk over the last 3 months. Cromwell Property Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cromwell Property's Risk Adjusted Performance of (0.03), mean deviation of 1.67, and Standard Deviation of 2.17 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cromwell Property are expected to decrease at a much lower rate. During the bear market, Cromwell Property is likely to outperform the market. At this point, Cromwell Property has a negative expected return of -0.0549%. Please make sure to confirm Cromwell Property's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Cromwell Property performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.62 |
Very good reverse predictability
Cromwell Property Group has very good reverse predictability. Overlapping area represents the amount of predictability between Cromwell Property time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Cromwell Property price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Cromwell Property price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cromwell Property lagged returns against current returns
Autocorrelation, which is Cromwell Property 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 Cromwell Property's stock expected returns. We can calculate the autocorrelation of Cromwell Property returns to help us make a trade decision. For example, suppose you find that Cromwell Property 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 |
Cromwell Property 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 Cromwell Property stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cromwell Property stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cromwell Property stock over time.
Current vs Lagged Prices |
| Timeline |
Cromwell Property Lagged Returns
When evaluating Cromwell Property's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cromwell Property stock have on its future price. Cromwell Property 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, Cromwell Property autocorrelation shows the relationship between Cromwell Property stock current value and its past values and can show if there is a momentum factor associated with investing in Cromwell Property Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cromwell Stock Analysis
When running Cromwell Property's price analysis, check to measure Cromwell Property's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cromwell Property is operating at the current time. Most of Cromwell Property's value examination focuses on studying past and present price action to predict the probability of Cromwell Property's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cromwell Property's price. Additionally, you may evaluate how the addition of Cromwell Property to your portfolios can decrease your overall portfolio volatility.