CRYOLIFE (Germany) Market Value
| CYL Stock | EUR 27.35 0.05 0.18% |
| Symbol | CRYOLIFE |
CRYOLIFE '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 CRYOLIFE'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 CRYOLIFE.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in CRYOLIFE on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding CRYOLIFE or generate 0.0% return on investment in CRYOLIFE over 240 days. CRYOLIFE is related to or competes with Westlake Chemical, Soken Chemical, Perseus Mining, MCEWEN MINING, China BlueChemical, and Siamgas. More
CRYOLIFE 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 CRYOLIFE'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 CRYOLIFE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0401 | |||
| Maximum Drawdown | 8.68 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.61 |
CRYOLIFE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CRYOLIFE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CRYOLIFE's standard deviation. In reality, there are many statistical measures that can use CRYOLIFE historical prices to predict the future CRYOLIFE's volatility.| Risk Adjusted Performance | 0.0976 | |||
| Jensen Alpha | 0.0538 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0443 | |||
| Treynor Ratio | 0.1758 |
CRYOLIFE Backtested Returns
At this point, CRYOLIFE is very steady. CRYOLIFE secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for CRYOLIFE, which you can use to evaluate the volatility of the firm. Please confirm CRYOLIFE's mean deviation of 1.31, and Risk Adjusted Performance of 0.0976 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. CRYOLIFE has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.12, which signifies a somewhat significant risk relative to the market. CRYOLIFE returns are very sensitive to returns on the market. As the market goes up or down, CRYOLIFE is expected to follow. CRYOLIFE currently shows a risk of 1.72%. Please confirm CRYOLIFE treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if CRYOLIFE will be following its price patterns.
Auto-correlation | 0.76 |
Good predictability
CRYOLIFE has good predictability. Overlapping area represents the amount of predictability between CRYOLIFE time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 CRYOLIFE price movement. The serial correlation of 0.76 indicates that around 76.0% of current CRYOLIFE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 2.18 |
CRYOLIFE lagged returns against current returns
Autocorrelation, which is CRYOLIFE 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 CRYOLIFE's stock expected returns. We can calculate the autocorrelation of CRYOLIFE returns to help us make a trade decision. For example, suppose you find that CRYOLIFE 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 |
CRYOLIFE 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 CRYOLIFE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CRYOLIFE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CRYOLIFE stock over time.
Current vs Lagged Prices |
| Timeline |
CRYOLIFE Lagged Returns
When evaluating CRYOLIFE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CRYOLIFE stock have on its future price. CRYOLIFE 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, CRYOLIFE autocorrelation shows the relationship between CRYOLIFE stock current value and its past values and can show if there is a momentum factor associated with investing in CRYOLIFE.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in CRYOLIFE Stock
CRYOLIFE financial ratios help investors to determine whether CRYOLIFE 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 CRYOLIFE with respect to the benefits of owning CRYOLIFE security.