Craneware Plc Stock Market Value
| CRWRF Stock | USD 24.51 0.00 0.00% |
| Symbol | Craneware |
Craneware Plc '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 Craneware Plc's pink sheet 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 Craneware Plc.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Craneware Plc on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Craneware plc or generate 0.0% return on investment in Craneware Plc over 30 days. Craneware Plc is related to or competes with Definitive Healthcare, GE HealthCare, Mitesco, EGF Theramed, and Scworx Corp. Craneware plc, together with its subsidiaries, develops, licenses, and supports computer software for the healthcare ind... More
Craneware Plc 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 Craneware Plc's pink sheet 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 Craneware plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 12.28 |
Craneware Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Craneware Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Craneware Plc's standard deviation. In reality, there are many statistical measures that can use Craneware Plc historical prices to predict the future Craneware Plc's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.816 |
Craneware plc Backtested Returns
Craneware plc secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Craneware plc exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Craneware Plc's mean deviation of 0.6344, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Craneware Plc are expected to decrease at a much lower rate. During the bear market, Craneware Plc is likely to outperform the market. At this point, Craneware plc has a negative expected return of -0.19%. Please make sure to confirm Craneware Plc's risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if Craneware plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
Craneware plc has perfect predictability. Overlapping area represents the amount of predictability between Craneware Plc 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 Craneware plc price movement. The serial correlation of 1.0 indicates that 100.0% of current Craneware Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Craneware plc lagged returns against current returns
Autocorrelation, which is Craneware Plc pink sheet'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 Craneware Plc's pink sheet expected returns. We can calculate the autocorrelation of Craneware Plc returns to help us make a trade decision. For example, suppose you find that Craneware Plc has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Craneware Plc 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 Craneware Plc pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Craneware Plc pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Craneware Plc pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Craneware Plc Lagged Returns
When evaluating Craneware Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Craneware Plc pink sheet have on its future price. Craneware Plc 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, Craneware Plc autocorrelation shows the relationship between Craneware Plc pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Craneware plc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Craneware Pink Sheet
Craneware Plc financial ratios help investors to determine whether Craneware Pink Sheet 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 Craneware with respect to the benefits of owning Craneware Plc security.