Crayon Group Holding Stock Market Value
| CRAYF Stock | USD 11.25 0.00 0.00% |
| Symbol | Crayon |
Crayon Group '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 Crayon Group's pink sheet 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 Crayon Group.
| 04/17/2024 |
| 01/12/2025 |
If you would invest 0.00 in Crayon Group on April 17, 2024 and sell it all today you would earn a total of 0.00 from holding Crayon Group Holding or generate 0.0% return on investment in Crayon Group over 270 days. Crayon Group is related to or competes with EPAM Systems, International Business, Infosys, Cognizant Technology, Fiserv, Kyndryl Holdings, and Accenture Plc. Crayon Group Holding ASA, together with its subsidiaries, operates as an IT advisory company in software and digital tra... More
Crayon Group 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 Crayon Group's pink sheet 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 Crayon Group Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.71 |
Crayon Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crayon Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crayon Group's standard deviation. In reality, there are many statistical measures that can use Crayon Group historical prices to predict the future Crayon Group's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crayon Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Crayon Group Holding Backtested Returns
Crayon Group Holding secures Sharpe Ratio (or Efficiency) of -0.0139, which signifies that the company had a -0.0139% return per unit of standard deviation over the last 3 months. Crayon Group Holding exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crayon Group's mean deviation of 0.4877, and Risk Adjusted Performance of (0) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Crayon Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Crayon Group is expected to be smaller as well. At this point, Crayon Group Holding has a negative expected return of -0.0308%. Please make sure to confirm Crayon Group's standard deviation, as well as the relationship between the maximum drawdown and day median price , to decide if Crayon Group Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Crayon Group Holding has excellent reverse predictability. Overlapping area represents the amount of predictability between Crayon Group time series from 17th of April 2024 to 30th of August 2024 and 30th of August 2024 to 12th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Crayon Group Holding price movement. The serial correlation of -0.81 indicates that around 81.0% of current Crayon Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Crayon Group Holding lagged returns against current returns
Autocorrelation, which is Crayon Group pink sheet'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 Crayon Group's pink sheet expected returns. We can calculate the autocorrelation of Crayon Group returns to help us make a trade decision. For example, suppose you find that Crayon Group has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Crayon Group 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 Crayon Group pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crayon Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crayon Group pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Crayon Group Lagged Returns
When evaluating Crayon Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crayon Group pink sheet have on its future price. Crayon Group 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, Crayon Group autocorrelation shows the relationship between Crayon Group pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Crayon Group Holding.
Regressed Prices |
| Timeline |
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Other Information on Investing in Crayon Pink Sheet
Crayon Group financial ratios help investors to determine whether Crayon Pink Sheet 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 Crayon with respect to the benefits of owning Crayon Group security.