CROWN CASTLE INTL Market Value
| 22822VAB7 | 97.86 1.60 1.61% |
| Symbol | CROWN |
CROWN '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's bond 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.
| 09/02/2023 |
| 11/25/2024 |
If you would invest 0.00 in CROWN on September 2, 2023 and sell it all today you would earn a total of 0.00 from holding CROWN CASTLE INTL or generate 0.0% return on investment in CROWN over 450 days. CROWN is related to or competes with Coca Cola, JPMorgan Chase, Dupont De, Alcoa Corp, Boeing, Microsoft, and Procter Gamble. More
CROWN 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's bond 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 CASTLE INTL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 4.68 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.1506 |
CROWN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CROWN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CROWN's standard deviation. In reality, there are many statistical measures that can use CROWN historical prices to predict the future CROWN's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.33) |
CROWN CASTLE INTL Backtested Returns
CROWN CASTLE INTL secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the bond had a -0.12% return per unit of risk over the last 3 months. CROWN CASTLE INTL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CROWN's risk adjusted performance of (0.04), and Mean Deviation of 0.1996 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CROWN's returns are expected to increase less than the market. However, during the bear market, the loss of holding CROWN is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
CROWN CASTLE INTL has very good predictability. Overlapping area represents the amount of predictability between CROWN time series from 2nd of September 2023 to 14th of April 2024 and 14th of April 2024 to 25th 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 CASTLE INTL price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current CROWN price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
CROWN CASTLE INTL lagged returns against current returns
Autocorrelation, which is CROWN bond'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's bond expected returns. We can calculate the autocorrelation of CROWN returns to help us make a trade decision. For example, suppose you find that CROWN has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CROWN bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CROWN bond over time.
Current vs Lagged Prices |
| Timeline |
CROWN Lagged Returns
When evaluating CROWN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CROWN bond have on its future price. CROWN 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 autocorrelation shows the relationship between CROWN bond current value and its past values and can show if there is a momentum factor associated with investing in CROWN CASTLE INTL.
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 CROWN Bond
CROWN financial ratios help investors to determine whether CROWN Bond 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 CROWN with respect to the benefits of owning CROWN security.