Cross Country (Germany) Market Value
| XXY Stock | EUR 17.10 0.10 0.58% |
| Symbol | Cross |
Cross Country '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 Cross Country'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 Cross Country.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in Cross Country on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding Cross Country Healthcare or generate 0.0% return on investment in Cross Country over 720 days. Cross Country is related to or competes with Robert Half, Korn Ferry, Hays Plc, PageGroup Plc, and . Cross Country Healthcare, Inc. provides healthcare staffing, recruiting, and workforce solutions in the United States More
Cross Country 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 Cross Country'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 Cross Country Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.93 | |||
| Information Ratio | 0.0775 | |||
| Maximum Drawdown | 60.97 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 6.14 |
Cross Country Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cross Country's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cross Country's standard deviation. In reality, there are many statistical measures that can use Cross Country historical prices to predict the future Cross Country's volatility.| Risk Adjusted Performance | 0.0727 | |||
| Jensen Alpha | 0.6984 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1607 | |||
| Treynor Ratio | 5.78 |
Cross Country Healthcare Backtested Returns
Cross Country appears to be slightly risky, given 3 months investment horizon. Cross Country Healthcare secures Sharpe Ratio (or Efficiency) of 0.0864, which signifies that the company had a 0.0864% return per unit of risk over the last 3 months. By analyzing Cross Country's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please makes use of Cross Country's Risk Adjusted Performance of 0.0727, mean deviation of 3.19, and Downside Deviation of 3.93 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cross Country holds a performance score of 6. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cross Country's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cross Country is expected to be smaller as well. Please check Cross Country's downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to make a quick decision on whether Cross Country's price patterns will revert.
Auto-correlation | 0.45 |
Average predictability
Cross Country Healthcare has average predictability. Overlapping area represents the amount of predictability between Cross Country time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th 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 Cross Country Healthcare price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Cross Country price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 9.29 |
Cross Country Healthcare lagged returns against current returns
Autocorrelation, which is Cross Country 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 Cross Country's stock expected returns. We can calculate the autocorrelation of Cross Country returns to help us make a trade decision. For example, suppose you find that Cross Country 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 |
Cross Country 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 Cross Country stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cross Country stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cross Country stock over time.
Current vs Lagged Prices |
| Timeline |
Cross Country Lagged Returns
When evaluating Cross Country's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cross Country stock have on its future price. Cross Country 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, Cross Country autocorrelation shows the relationship between Cross Country stock current value and its past values and can show if there is a momentum factor associated with investing in Cross Country Healthcare.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Cross Stock
When determining whether Cross Country Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cross Country's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cross Country Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cross Country Healthcare Stock:Check out Cross Country Correlation, Cross Country Volatility and Cross Country Alpha and Beta module to complement your research on Cross Country. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Cross Country technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.