Croda International Plc Stock Market Value
| COIHY Stock | USD 22.49 0.11 0.49% |
| Symbol | Croda |
Croda International '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 Croda International's pink sheet 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 Croda International.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Croda International on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Croda International PLC or generate 0.0% return on investment in Croda International over 270 days. Croda International is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, and T Rowe. Croda International Plc creates, makes, and sells specialty chemicals in Europe, the Middle East, Africa, North America,... More
Croda International 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 Croda International's pink sheet 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 Croda International PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.14 |
Croda International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Croda International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Croda International's standard deviation. In reality, there are many statistical measures that can use Croda International historical prices to predict the future Croda International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.22) |
Croda International PLC Backtested Returns
Croda International PLC secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Croda International PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Croda International's Mean Deviation of 1.58, risk adjusted performance of (0.06), and Standard Deviation of 2.0 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.85, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Croda International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Croda International is expected to be smaller as well. At this point, Croda International PLC has a negative expected return of -0.22%. Please make sure to confirm Croda International's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Croda International PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Croda International PLC has good predictability. Overlapping area represents the amount of predictability between Croda International time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Croda International PLC price movement. The serial correlation of 0.66 indicates that around 66.0% of current Croda International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.92 |
Croda International PLC lagged returns against current returns
Autocorrelation, which is Croda International pink sheet'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 Croda International's pink sheet expected returns. We can calculate the autocorrelation of Croda International returns to help us make a trade decision. For example, suppose you find that Croda International has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Croda International 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 Croda International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Croda International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Croda International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Croda International Lagged Returns
When evaluating Croda International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Croda International pink sheet have on its future price. Croda International 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, Croda International autocorrelation shows the relationship between Croda International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Croda International PLC.
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.Additional Tools for Croda Pink Sheet Analysis
When running Croda International's price analysis, check to measure Croda International'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 Croda International is operating at the current time. Most of Croda International's value examination focuses on studying past and present price action to predict the probability of Croda International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Croda International's price. Additionally, you may evaluate how the addition of Croda International to your portfolios can decrease your overall portfolio volatility.