Creotech Instruments (Poland) Market Value
| CRI Stock | 146.00 4.00 2.67% |
| Symbol | Creotech |
Creotech Instruments '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 Creotech Instruments' 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 Creotech Instruments.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Creotech Instruments on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Creotech Instruments SA or generate 0.0% return on investment in Creotech Instruments over 540 days. Creotech Instruments is related to or competes with Asseco Business, Movie Games, Altustfi, and 3R Games. More
Creotech Instruments 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 Creotech Instruments' 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 Creotech Instruments SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 16.49 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 4.83 |
Creotech Instruments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Creotech Instruments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Creotech Instruments' standard deviation. In reality, there are many statistical measures that can use Creotech Instruments historical prices to predict the future Creotech Instruments' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | 1.35 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Creotech Instruments' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Creotech Instruments Backtested Returns
Creotech Instruments secures Sharpe Ratio (or Efficiency) of -0.0667, which signifies that the company had a -0.0667% return per unit of standard deviation over the last 3 months. Creotech Instruments SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Creotech Instruments' risk adjusted performance of (0.06), and Mean Deviation of 2.12 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Creotech Instruments are expected to decrease at a much lower rate. During the bear market, Creotech Instruments is likely to outperform the market. At this point, Creotech Instruments has a negative expected return of -0.2%. Please make sure to confirm Creotech Instruments' value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Creotech Instruments performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Creotech Instruments SA has below average predictability. Overlapping area represents the amount of predictability between Creotech Instruments time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Creotech Instruments price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Creotech Instruments price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 540.84 |
Creotech Instruments lagged returns against current returns
Autocorrelation, which is Creotech Instruments 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 Creotech Instruments' stock expected returns. We can calculate the autocorrelation of Creotech Instruments returns to help us make a trade decision. For example, suppose you find that Creotech Instruments 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 |
Creotech Instruments 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 Creotech Instruments stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Creotech Instruments stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Creotech Instruments stock over time.
Current vs Lagged Prices |
| Timeline |
Creotech Instruments Lagged Returns
When evaluating Creotech Instruments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Creotech Instruments stock have on its future price. Creotech Instruments 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, Creotech Instruments autocorrelation shows the relationship between Creotech Instruments stock current value and its past values and can show if there is a momentum factor associated with investing in Creotech Instruments SA.
Regressed Prices |
| Timeline |
Pair Trading with Creotech Instruments
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 Creotech Instruments 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 Creotech Instruments will appreciate offsetting losses from the drop in the long position's value.Moving together with Creotech Stock
The ability to find closely correlated positions to Creotech Instruments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Creotech Instruments 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 Creotech Instruments - 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 Creotech Instruments SA to buy it.
The correlation of Creotech Instruments 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 Creotech Instruments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Creotech Instruments 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 Creotech Instruments 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 Creotech Stock Analysis
When running Creotech Instruments' price analysis, check to measure Creotech Instruments' 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 Creotech Instruments is operating at the current time. Most of Creotech Instruments' value examination focuses on studying past and present price action to predict the probability of Creotech Instruments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Creotech Instruments' price. Additionally, you may evaluate how the addition of Creotech Instruments to your portfolios can decrease your overall portfolio volatility.