Credit Corp (Australia) Market Value
| CCP Stock | 17.75 0.22 1.22% |
| Symbol | Credit |
Credit Corp '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 Credit Corp'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 Credit Corp.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Credit Corp on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Credit Corp Group or generate 0.0% return on investment in Credit Corp over 180 days. Credit Corp is related to or competes with Pengana Private, PM Capital, Macquarie Group, and Wam Leaders. Credit Corp is entity of Australia. It is traded as Stock on AU exchange. More
Credit Corp 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 Credit Corp'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 Credit Corp Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.46 | |||
| Information Ratio | 0.0874 | |||
| Maximum Drawdown | 7.16 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.97 |
Credit Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credit Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Credit Corp's standard deviation. In reality, there are many statistical measures that can use Credit Corp historical prices to predict the future Credit Corp's volatility.| Risk Adjusted Performance | 0.1349 | |||
| Jensen Alpha | 0.1489 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1003 | |||
| Treynor Ratio | 0.2788 |
Credit Corp Group Backtested Returns
Credit Corp appears to be very steady, given 3 months investment horizon. Credit Corp Group secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Credit Corp Group, which you can use to evaluate the volatility of the firm. Please makes use of Credit Corp's mean deviation of 1.31, and Risk Adjusted Performance of 0.1349 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Credit Corp holds a performance score of 12. The firm shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. Credit Corp returns are very sensitive to returns on the market. As the market goes up or down, Credit Corp is expected to follow. Please check Credit Corp's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Credit Corp's price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Credit Corp Group has modest predictability. Overlapping area represents the amount of predictability between Credit Corp time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Credit Corp Group price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Credit Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Credit Corp Group lagged returns against current returns
Autocorrelation, which is Credit Corp 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 Credit Corp's stock expected returns. We can calculate the autocorrelation of Credit Corp returns to help us make a trade decision. For example, suppose you find that Credit Corp 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 |
Credit Corp 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 Credit Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Credit Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Credit Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Credit Corp Lagged Returns
When evaluating Credit Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Credit Corp stock have on its future price. Credit Corp 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, Credit Corp autocorrelation shows the relationship between Credit Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Credit Corp Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Credit Stock Analysis
When running Credit Corp's price analysis, check to measure Credit Corp'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 Credit Corp is operating at the current time. Most of Credit Corp's value examination focuses on studying past and present price action to predict the probability of Credit Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Corp's price. Additionally, you may evaluate how the addition of Credit Corp to your portfolios can decrease your overall portfolio volatility.