Crown Cork 7375 Market Value
| 228255AH8 | 104.95 2.08 2.02% |
| 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.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Crown on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Crown Cork 7375 or generate 0.0% return on investment in Crown over 180 days. Crown is related to or competes with Radcom, Blue Moon, Barrick Gold, Summit Materials, Capital Clean, Verde Clean, and NETGEAR. 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 Cork 7375 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 1.79 | |||
| Value At Risk | (0.50) | |||
| Potential Upside | 0.5549 |
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 | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.5983 |
Crown Cork 7375 Backtested Returns
Crown Cork 7375 secures Sharpe Ratio (or Efficiency) of -0.0223, which signifies that the bond had a -0.0223% return per unit of risk over the last 3 months. Crown Cork 7375 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crown's Standard Deviation of 0.3437, mean deviation of 0.2552, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0297, which signifies not very significant fluctuations relative to the market. 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 | -0.42 |
Modest reverse predictability
Crown Cork 7375 has modest reverse predictability. Overlapping area represents the amount of predictability between Crown time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 Cork 7375 price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Crown price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Crown Cork 7375 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 Cork 7375.
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 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.