Crane Company Stock Market Value
| CR Stock | USD 184.36 1.20 0.66% |
| Symbol | Crane |
Crane Company Price To Book Ratio
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Crane. If investors know Crane will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Crane listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.385 | Dividend Share 0.795 | Earnings Share 4.52 | Revenue Per Share 39.94 | Quarterly Revenue Growth 0.127 |
The market value of Crane Company is measured differently than its book value, which is the value of Crane that is recorded on the company's balance sheet. Investors also form their own opinion of Crane's value that differs from its market value or its book value, called intrinsic value, which is Crane's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Crane's market value can be influenced by many factors that don't directly affect Crane's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Crane's value and its price as these two are different measures arrived at by different means. Investors typically determine if Crane is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crane's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Crane '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 Crane'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 Crane.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Crane on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Crane Company or generate 0.0% return on investment in Crane over 360 days. Crane is related to or competes with Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, Jpmorgan Smartretirement*, and 70082LAB3. Crane Holdings Co., together with its subsidiaries, manufactures and sells engineered industrial products in the America... More
Crane 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 Crane'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 Crane Company upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.0987 | |||
| Maximum Drawdown | 9.45 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.45 |
Crane Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crane's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crane's standard deviation. In reality, there are many statistical measures that can use Crane historical prices to predict the future Crane's volatility.| Risk Adjusted Performance | 0.1325 | |||
| Jensen Alpha | 0.165 | |||
| Total Risk Alpha | 0.0045 | |||
| Sortino Ratio | 0.1027 | |||
| Treynor Ratio | 0.2528 |
Crane Company Backtested Returns
Crane appears to be very steady, given 3 months investment horizon. Crane Company secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Crane Company, which you can use to evaluate the volatility of the firm. Please makes use of Crane's mean deviation of 1.45, and Risk Adjusted Performance of 0.1325 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Crane holds a performance score of 11. The firm shows a Beta (market volatility) of 1.25, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Crane will likely underperform. Please check Crane's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Crane's price patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Crane Company has good predictability. Overlapping area represents the amount of predictability between Crane time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Crane Company price movement. The serial correlation of 0.76 indicates that around 76.0% of current Crane price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 82.39 |
Crane Company lagged returns against current returns
Autocorrelation, which is Crane 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 Crane's stock expected returns. We can calculate the autocorrelation of Crane returns to help us make a trade decision. For example, suppose you find that Crane 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 |
Crane 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 Crane stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crane stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crane stock over time.
Current vs Lagged Prices |
| Timeline |
Crane Lagged Returns
When evaluating Crane's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crane stock have on its future price. Crane 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, Crane autocorrelation shows the relationship between Crane stock current value and its past values and can show if there is a momentum factor associated with investing in Crane Company.
Regressed Prices |
| Timeline |
Pair Trading with Crane
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Crane position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Crane will appreciate offsetting losses from the drop in the long position's value.Moving together with Crane Stock
Moving against Crane Stock
| 0.73 | CYD | China Yuchai Interna | PairCorr |
| 0.57 | CVV | CVD Equipment | PairCorr |
| 0.54 | RR | Richtech Robotics Class | PairCorr |
| 0.49 | AOS | Smith AO | PairCorr |
The ability to find closely correlated positions to Crane could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crane when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Crane - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Crane Company to buy it.
The correlation of Crane is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crane moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crane Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Crane can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Crane Stock Analysis
When running Crane's price analysis, check to measure Crane'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 Crane is operating at the current time. Most of Crane's value examination focuses on studying past and present price action to predict the probability of Crane's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crane's price. Additionally, you may evaluate how the addition of Crane to your portfolios can decrease your overall portfolio volatility.