Crown Asia (Philippines) Market Value
| CROWN Stock | 1.78 0.09 4.81% |
| Symbol | Crown |
Crown Asia '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 Asia'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 Crown Asia.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Crown Asia on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Crown Asia Chemicals or generate 0.0% return on investment in Crown Asia over 180 days. Crown Asia is related to or competes with Allhome Corp, Jollibee Foods, Monde Nissin, and Benguet Corp. More
Crown Asia 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 Asia'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 Crown Asia Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.59 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 3.33 |
Crown Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crown Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crown Asia's standard deviation. In reality, there are many statistical measures that can use Crown Asia historical prices to predict the future Crown Asia's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 0.545 |
Crown Asia Chemicals Backtested Returns
Crown Asia Chemicals secures Sharpe Ratio (or Efficiency) of -0.0409, which signifies that the company had a -0.0409% return per unit of risk over the last 3 months. Crown Asia Chemicals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crown Asia's Risk Adjusted Performance of (0.01), mean deviation of 1.5, and Standard Deviation of 2.06 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.087, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Crown Asia are expected to decrease at a much lower rate. During the bear market, Crown Asia is likely to outperform the market. At this point, Crown Asia Chemicals has a negative expected return of -0.082%. Please make sure to confirm Crown Asia's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Crown Asia Chemicals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Crown Asia Chemicals has insignificant predictability. Overlapping area represents the amount of predictability between Crown Asia time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 Asia Chemicals price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Crown Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Crown Asia Chemicals lagged returns against current returns
Autocorrelation, which is Crown Asia 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 Asia's stock expected returns. We can calculate the autocorrelation of Crown Asia returns to help us make a trade decision. For example, suppose you find that Crown Asia 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 Asia 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 Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crown Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crown Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Crown Asia Lagged Returns
When evaluating Crown Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crown Asia stock have on its future price. Crown Asia 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 Asia autocorrelation shows the relationship between Crown Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Crown Asia Chemicals.
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 Crown Stock Analysis
When running Crown Asia's price analysis, check to measure Crown Asia'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 Crown Asia is operating at the current time. Most of Crown Asia's value examination focuses on studying past and present price action to predict the probability of Crown Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crown Asia's price. Additionally, you may evaluate how the addition of Crown Asia to your portfolios can decrease your overall portfolio volatility.