CROWN CASTLE INTERNATIONAL Market Value
| 22822VAU5 | 68.47 2.86 4.36% |
| Symbol | CROWN |
CROWN '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 CROWN's bond 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 CROWN.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in CROWN on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding CROWN CASTLE INTERNATIONAL or generate 0.0% return on investment in CROWN over 30 days. CROWN is related to or competes with 00108WAF7, 90331HPL1, Brightsphere Investment, Neurocrine Biosciences, Alphabet, Saipem SpA, and Bristol Myers. More
CROWN 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 CROWN's bond 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 CROWN CASTLE INTERNATIONAL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.09 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.7 |
CROWN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CROWN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CROWN's standard deviation. In reality, there are many statistical measures that can use CROWN historical prices to predict the future CROWN's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 0.1114 |
CROWN CASTLE INTERNA Backtested Returns
At this point, CROWN is very steady. CROWN CASTLE INTERNA secures Sharpe Ratio (or Efficiency) of 0.0134, which signifies that the bond had a 0.0134% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for CROWN CASTLE INTERNATIONAL, which you can use to evaluate the volatility of the entity. Please confirm CROWN's risk adjusted performance of (0.02), and Mean Deviation of 0.9178 to double-check if the risk estimate we provide is consistent with the expected return of 0.0177%. The bond shows a Beta (market volatility) of -0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CROWN are expected to decrease at a much lower rate. During the bear market, CROWN is likely to outperform the market.
Auto-correlation | -0.37 |
Poor reverse predictability
CROWN CASTLE INTERNATIONAL has poor reverse predictability. Overlapping area represents the amount of predictability between CROWN time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 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 CROWN CASTLE INTERNA price movement. The serial correlation of -0.37 indicates that just about 37.0% of current CROWN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 3.85 |
CROWN CASTLE INTERNA lagged returns against current returns
Autocorrelation, which is CROWN bond'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 CROWN's bond expected returns. We can calculate the autocorrelation of CROWN returns to help us make a trade decision. For example, suppose you find that CROWN has exhibited high autocorrelation historically, and you observe that the bond 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 |
CROWN 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 CROWN bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CROWN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CROWN bond over time.
Current vs Lagged Prices |
| Timeline |
CROWN Lagged Returns
When evaluating CROWN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CROWN bond have on its future price. CROWN 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, CROWN autocorrelation shows the relationship between CROWN bond current value and its past values and can show if there is a momentum factor associated with investing in CROWN CASTLE INTERNATIONAL.
Regressed Prices |
| Timeline |
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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 CROWN Bond
CROWN financial ratios help investors to determine whether CROWN Bond 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 CROWN with respect to the benefits of owning CROWN security.