CRRCLimited (Germany) Market Value
| C2L Stock | EUR 0.61 0.00 0.00% |
| Symbol | CRRCLimited |
CRRCLimited '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 CRRCLimited'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 CRRCLimited.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in CRRCLimited on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding CRRC Limited or generate 0.0% return on investment in CRRCLimited over 180 days. CRRCLimited is related to or competes with Ribbon Communications, Canadian Utilities, Gamma Communications, SOLSTAD OFFSHORE, Highlight Communications, UNITED UTILITIES, and United Utilities. CRRC Corporation Limited and its subsidiaries research, design, develop, manufacture, sell, refurbish, service, and leas... More
CRRCLimited 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 CRRCLimited'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 CRRC Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.025 | |||
| Maximum Drawdown | 16.51 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 5.08 |
CRRCLimited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CRRCLimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CRRCLimited's standard deviation. In reality, there are many statistical measures that can use CRRCLimited historical prices to predict the future CRRCLimited's volatility.| Risk Adjusted Performance | 0.0623 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0202 |
CRRC Limited Backtested Returns
CRRCLimited appears to be extremely dangerous, given 3 months investment horizon. CRRC Limited secures Sharpe Ratio (or Efficiency) of 0.0839, which signifies that the company had a 0.0839% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for CRRC Limited, which you can use to evaluate the volatility of the firm. Please makes use of CRRCLimited's risk adjusted performance of 0.0623, and Semi Deviation of 2.0 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CRRCLimited holds a performance score of 6. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and CRRCLimited are completely uncorrelated. Please check CRRCLimited's total risk alpha, maximum drawdown, downside variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether CRRCLimited's price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
CRRC Limited has very good predictability. Overlapping area represents the amount of predictability between CRRCLimited time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 CRRC Limited price movement. The serial correlation of 0.8 indicates that around 80.0% of current CRRCLimited price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CRRC Limited lagged returns against current returns
Autocorrelation, which is CRRCLimited 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 CRRCLimited's stock expected returns. We can calculate the autocorrelation of CRRCLimited returns to help us make a trade decision. For example, suppose you find that CRRCLimited 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 |
CRRCLimited 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 CRRCLimited stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CRRCLimited stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CRRCLimited stock over time.
Current vs Lagged Prices |
| Timeline |
CRRCLimited Lagged Returns
When evaluating CRRCLimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CRRCLimited stock have on its future price. CRRCLimited 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, CRRCLimited autocorrelation shows the relationship between CRRCLimited stock current value and its past values and can show if there is a momentum factor associated with investing in CRRC Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CRRCLimited Stock
CRRCLimited financial ratios help investors to determine whether CRRCLimited 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 CRRCLimited with respect to the benefits of owning CRRCLimited security.