Cairn Homes (UK) Market Value
| CRN Stock | 188.00 0.80 0.42% |
| Symbol | Cairn |
Cairn Homes '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 Cairn Homes' 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 Cairn Homes.
| 01/19/2025 |
| 02/18/2025 |
If you would invest 0.00 in Cairn Homes on January 19, 2025 and sell it all today you would earn a total of 0.00 from holding Cairn Homes PLC or generate 0.0% return on investment in Cairn Homes over 30 days. Cairn Homes is related to or competes with Omega Healthcare, Centaur Media, Live Nation, Liberty Media, Zinc Media, Atresmedia, and Travel Leisure. Cairn Homes is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Cairn Homes 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 Cairn Homes' 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 Cairn Homes PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0469 | |||
| Maximum Drawdown | 8.93 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.58 |
Cairn Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cairn Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cairn Homes' standard deviation. In reality, there are many statistical measures that can use Cairn Homes historical prices to predict the future Cairn Homes' volatility.| Risk Adjusted Performance | 0.0437 | |||
| Jensen Alpha | 0.0748 | |||
| Total Risk Alpha | 0.0724 | |||
| Sortino Ratio | 0.0472 | |||
| Treynor Ratio | 1.45 |
Cairn Homes PLC Backtested Returns
At this point, Cairn Homes is very steady. Cairn Homes PLC secures Sharpe Ratio (or Efficiency) of 0.0811, which signifies that the company had a 0.0811 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cairn Homes PLC, which you can use to evaluate the volatility of the firm. Please confirm Cairn Homes' Risk Adjusted Performance of 0.0437, downside deviation of 1.56, and Mean Deviation of 1.16 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Cairn Homes has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0517, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cairn Homes' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cairn Homes is expected to be smaller as well. Cairn Homes PLC right now shows a risk of 1.55%. Please confirm Cairn Homes PLC coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Cairn Homes PLC will be following its price patterns.
Auto-correlation | 0.03 |
Virtually no predictability
Cairn Homes PLC has virtually no predictability. Overlapping area represents the amount of predictability between Cairn Homes time series from 19th of January 2025 to 3rd of February 2025 and 3rd of February 2025 to 18th of February 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 Cairn Homes PLC price movement. The serial correlation of 0.03 indicates that only 3.0% of current Cairn Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 3.07 |
Cairn Homes PLC lagged returns against current returns
Autocorrelation, which is Cairn Homes 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 Cairn Homes' stock expected returns. We can calculate the autocorrelation of Cairn Homes returns to help us make a trade decision. For example, suppose you find that Cairn Homes 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 |
Cairn Homes 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 Cairn Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cairn Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cairn Homes stock over time.
Current vs Lagged Prices |
| Timeline |
Cairn Homes Lagged Returns
When evaluating Cairn Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cairn Homes stock have on its future price. Cairn Homes 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, Cairn Homes autocorrelation shows the relationship between Cairn Homes stock current value and its past values and can show if there is a momentum factor associated with investing in Cairn Homes PLC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cairn Stock
Cairn Homes financial ratios help investors to determine whether Cairn 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 Cairn with respect to the benefits of owning Cairn Homes security.