Crown Electrokinetics Corp Stock Market Value
| CRKN Stock | USD 0.66 0.14 17.50% |
| Symbol | Crown |
Crown Electrokinetics Price To Book Ratio
Is Diversified Metals & Mining 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 Crown Electrokinetics. If investors know Crown 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 Crown Electrokinetics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.1 K | Revenue Per Share 10.23 | Quarterly Revenue Growth 124.622 | Return On Assets (0.81) | Return On Equity (3.27) |
The market value of Crown Electrokinetics is measured differently than its book value, which is the value of Crown that is recorded on the company's balance sheet. Investors also form their own opinion of Crown Electrokinetics' value that differs from its market value or its book value, called intrinsic value, which is Crown Electrokinetics' 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 Crown Electrokinetics' market value can be influenced by many factors that don't directly affect Crown Electrokinetics' 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 Crown Electrokinetics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crown Electrokinetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crown Electrokinetics' 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.
Crown Electrokinetics '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 Crown Electrokinetics' 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 Crown Electrokinetics.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Crown Electrokinetics on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Crown Electrokinetics Corp or generate 0.0% return on investment in Crown Electrokinetics over 30 days. Crown Electrokinetics is related to or competes with Loop Industries, Hudson Technologies, General Environmental, Core Molding, Balchem, NewMarket, and Eastman Chemical. Crown Electrokinetics Corp. develops and sells optical switching films More
Crown Electrokinetics 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 Crown Electrokinetics' 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 Crown Electrokinetics Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 39.12 | |||
| Value At Risk | (10.05) | |||
| Potential Upside | 8.06 |
Crown Electrokinetics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crown Electrokinetics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crown Electrokinetics' standard deviation. In reality, there are many statistical measures that can use Crown Electrokinetics historical prices to predict the future Crown Electrokinetics' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.08) | |||
| Total Risk Alpha | (1.86) | |||
| Treynor Ratio | (3.85) |
Crown Electrokinetics Backtested Returns
Crown Electrokinetics secures Sharpe Ratio (or Efficiency) of -0.26, which signifies that the company had a -0.26% return per unit of risk over the last 3 months. Crown Electrokinetics Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crown Electrokinetics' Mean Deviation of 4.44, risk adjusted performance of (0.12), and Standard Deviation of 6.24 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Crown Electrokinetics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Crown Electrokinetics is expected to be smaller as well. At this point, Crown Electrokinetics has a negative expected return of -1.56%. Please make sure to confirm Crown Electrokinetics' potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Crown Electrokinetics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Crown Electrokinetics Corp has average predictability. Overlapping area represents the amount of predictability between Crown Electrokinetics time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Crown Electrokinetics price movement. The serial correlation of 0.47 indicates that about 47.0% of current Crown Electrokinetics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Crown Electrokinetics lagged returns against current returns
Autocorrelation, which is Crown Electrokinetics 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 Crown Electrokinetics' stock expected returns. We can calculate the autocorrelation of Crown Electrokinetics returns to help us make a trade decision. For example, suppose you find that Crown Electrokinetics 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 |
Crown Electrokinetics 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 Crown Electrokinetics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crown Electrokinetics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crown Electrokinetics stock over time.
Current vs Lagged Prices |
| Timeline |
Crown Electrokinetics Lagged Returns
When evaluating Crown Electrokinetics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crown Electrokinetics stock have on its future price. Crown Electrokinetics 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, Crown Electrokinetics autocorrelation shows the relationship between Crown Electrokinetics stock current value and its past values and can show if there is a momentum factor associated with investing in Crown Electrokinetics Corp.
Regressed Prices |
| Timeline |
Pair Trading with Crown Electrokinetics
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 Crown Electrokinetics 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 Crown Electrokinetics will appreciate offsetting losses from the drop in the long position's value.Moving against Crown Stock
| 0.81 | FSI | Flexible Solutions | PairCorr |
| 0.67 | APD | Air Products | PairCorr |
| 0.66 | ALB-PA | Albemarle | PairCorr |
| 0.64 | ALB | Albemarle Corp | PairCorr |
| 0.63 | WDFC | WD 40 Company | PairCorr |
The ability to find closely correlated positions to Crown Electrokinetics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crown Electrokinetics 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 Crown Electrokinetics - 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 Crown Electrokinetics Corp to buy it.
The correlation of Crown Electrokinetics 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 Crown Electrokinetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Electrokinetics 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 Crown Electrokinetics 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.Check out Crown Electrokinetics Correlation, Crown Electrokinetics Volatility and Crown Electrokinetics Alpha and Beta module to complement your research on Crown Electrokinetics. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Crown Electrokinetics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.