Crayon Group (Norway) Market Value
| CRAYN Stock | NOK 126.50 2.10 1.69% |
| Symbol | Crayon |
Crayon Group '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 Crayon Group'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 Crayon Group.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Crayon Group on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Crayon Group Holding or generate 0.0% return on investment in Crayon Group over 30 days. Crayon Group is related to or competes with Zaptec AS, Nordic Semiconductor, Scatec Solar, and Kitron ASA. Crayon Group Holding ASA, together with its subsidiaries, operates as an IT advisory company in software and digital tra... More
Crayon Group 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 Crayon Group'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 Crayon Group Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 26.92 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 4.17 |
Crayon Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crayon Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crayon Group's standard deviation. In reality, there are many statistical measures that can use Crayon Group historical prices to predict the future Crayon Group's volatility.| Risk Adjusted Performance | 0.0172 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.051 |
Crayon Group Holding Backtested Returns
As of now, Crayon Stock is very steady. Crayon Group Holding secures Sharpe Ratio (or Efficiency) of 0.0286, which signifies that the company had a 0.0286% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Crayon Group Holding, which you can use to evaluate the volatility of the firm. Please confirm Crayon Group's risk adjusted performance of 0.0172, and Mean Deviation of 2.3 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Crayon Group has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Crayon Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Crayon Group is expected to be smaller as well. Crayon Group Holding right now shows a risk of 3.56%. Please confirm Crayon Group Holding coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Crayon Group Holding will be following its price patterns.
Auto-correlation | 0.84 |
Very good predictability
Crayon Group Holding has very good predictability. Overlapping area represents the amount of predictability between Crayon Group time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Crayon Group Holding price movement. The serial correlation of 0.84 indicates that around 84.0% of current Crayon Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 18.26 |
Crayon Group Holding lagged returns against current returns
Autocorrelation, which is Crayon Group 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 Crayon Group's stock expected returns. We can calculate the autocorrelation of Crayon Group returns to help us make a trade decision. For example, suppose you find that Crayon Group 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 |
Crayon Group 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 Crayon Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crayon Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crayon Group stock over time.
Current vs Lagged Prices |
| Timeline |
Crayon Group Lagged Returns
When evaluating Crayon Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crayon Group stock have on its future price. Crayon Group 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, Crayon Group autocorrelation shows the relationship between Crayon Group stock current value and its past values and can show if there is a momentum factor associated with investing in Crayon Group Holding.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Crayon Stock
Crayon Group financial ratios help investors to determine whether Crayon 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 Crayon with respect to the benefits of owning Crayon Group security.