Crescent (Belgium) Market Value
| OPTI Stock | EUR 0.01 0.0002 1.96% |
| Symbol | Crescent |
Crescent '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 Crescent'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 Crescent.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Crescent on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Crescent NV or generate 0.0% return on investment in Crescent over 30 days. Crescent is related to or competes with AGFA Gevaert, Exmar NV, EVS Broadcast, and Tessenderlo. Crescent NV, an end-to-end IoT solutions integrator, develops and implements IoT integration projects for various indust... More
Crescent 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 Crescent'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 Crescent NV upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 20.09 | |||
| Value At Risk | (6.56) | |||
| Potential Upside | 5.08 |
Crescent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crescent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crescent's standard deviation. In reality, there are many statistical measures that can use Crescent historical prices to predict the future Crescent's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.84) |
Crescent NV Backtested Returns
Crescent NV secures Sharpe Ratio (or Efficiency) of -0.0847, which signifies that the company had a -0.0847% return per unit of standard deviation over the last 3 months. Crescent NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crescent's mean deviation of 2.7, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Crescent's returns are expected to increase less than the market. However, during the bear market, the loss of holding Crescent is expected to be smaller as well. At this point, Crescent NV has a negative expected return of -0.31%. Please make sure to confirm Crescent's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Crescent NV performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Crescent NV has very weak reverse predictability. Overlapping area represents the amount of predictability between Crescent time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Crescent NV price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Crescent price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Crescent NV lagged returns against current returns
Autocorrelation, which is Crescent 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 Crescent's stock expected returns. We can calculate the autocorrelation of Crescent returns to help us make a trade decision. For example, suppose you find that Crescent 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 |
Crescent 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 Crescent stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crescent stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crescent stock over time.
Current vs Lagged Prices |
| Timeline |
Crescent Lagged Returns
When evaluating Crescent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crescent stock have on its future price. Crescent 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, Crescent autocorrelation shows the relationship between Crescent stock current value and its past values and can show if there is a momentum factor associated with investing in Crescent NV.
Regressed Prices |
| Timeline |
Pair Trading with Crescent
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 Crescent 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 Crescent will appreciate offsetting losses from the drop in the long position's value.Moving together with Crescent Stock
Moving against Crescent Stock
The ability to find closely correlated positions to Crescent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent 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 Crescent - 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 Crescent NV to buy it.
The correlation of Crescent 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 Crescent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent NV 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 Crescent 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 Crescent Stock Analysis
When running Crescent's price analysis, check to measure Crescent'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 Crescent is operating at the current time. Most of Crescent's value examination focuses on studying past and present price action to predict the probability of Crescent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent's price. Additionally, you may evaluate how the addition of Crescent to your portfolios can decrease your overall portfolio volatility.