Crane (Germany) Market Value
| CZN Stock | 146.00 1.00 0.69% |
| Symbol | Crane |
Crane '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 Crane'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 Crane.
| 01/11/2024 |
| 01/05/2025 |
If you would invest 0.00 in Crane on January 11, 2024 and sell it all today you would earn a total of 0.00 from holding Crane Co or generate 0.0% return on investment in Crane over 360 days.
Crane 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 Crane'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 Crane Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.026 | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 3.23 |
Crane Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crane's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crane's standard deviation. In reality, there are many statistical measures that can use Crane historical prices to predict the future Crane's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | 0.0667 | |||
| Total Risk Alpha | 0.0335 | |||
| Sortino Ratio | 0.0284 | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crane'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.
Crane Backtested Returns
Currently, Crane Co is very steady. Crane secures Sharpe Ratio (or Efficiency) of 0.0279, which signifies that the company had a 0.0279% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Crane Co, which you can use to evaluate the volatility of the firm. Please confirm Crane's mean deviation of 1.39, and Risk Adjusted Performance of 0.0362 to double-check if the risk estimate we provide is consistent with the expected return of 0.0566%. Crane has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Crane are expected to decrease at a much lower rate. During the bear market, Crane is likely to outperform the market. Crane right now shows a risk of 2.03%. Please confirm Crane value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Crane will be following its price patterns.
Auto-correlation | 0.68 |
Good predictability
Crane Co has good predictability. Overlapping area represents the amount of predictability between Crane time series from 11th of January 2024 to 9th of July 2024 and 9th of July 2024 to 5th 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 Crane price movement. The serial correlation of 0.68 indicates that around 68.0% of current Crane price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 156.55 |
Crane lagged returns against current returns
Autocorrelation, which is Crane 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 Crane's stock expected returns. We can calculate the autocorrelation of Crane returns to help us make a trade decision. For example, suppose you find that Crane 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 |
Crane 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 Crane stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crane stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crane stock over time.
Current vs Lagged Prices |
| Timeline |
Crane Lagged Returns
When evaluating Crane's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crane stock have on its future price. Crane 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, Crane autocorrelation shows the relationship between Crane stock current value and its past values and can show if there is a momentum factor associated with investing in Crane Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Crane Stock Analysis
When running Crane's price analysis, check to measure Crane'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 Crane is operating at the current time. Most of Crane's value examination focuses on studying past and present price action to predict the probability of Crane's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crane's price. Additionally, you may evaluate how the addition of Crane to your portfolios can decrease your overall portfolio volatility.