Cross Country (Germany) Market Value
| XXY Stock | EUR 10.10 0.10 0.98% |
| Symbol | Cross |
Cross Country '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 Cross Country'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 Cross Country.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Cross Country on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Cross Country Healthcare or generate 0.0% return on investment in Cross Country over 720 days. Cross Country is related to or competes with SMA Solar, Align Technology, Micron Technology, Transportadora, Columbia Sportswear, and DXC Technology. Cross Country Healthcare, Inc. provides healthcare staffing, recruiting, and workforce solutions in the United States More
Cross Country 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 Cross Country'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 Cross Country Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 21.18 | |||
| Value At Risk | (6.37) | |||
| Potential Upside | 4.63 |
Cross Country Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cross Country's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cross Country's standard deviation. In reality, there are many statistical measures that can use Cross Country historical prices to predict the future Cross Country's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (0.40) |
Cross Country Healthcare Backtested Returns
Cross Country Healthcare secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Cross Country Healthcare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cross Country's Risk Adjusted Performance of (0.08), standard deviation of 3.39, and Mean Deviation of 2.23 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.94, which signifies possible diversification benefits within a given portfolio. Cross Country returns are very sensitive to returns on the market. As the market goes up or down, Cross Country is expected to follow. At this point, Cross Country Healthcare has a negative expected return of -0.36%. Please make sure to confirm Cross Country's daily balance of power, market facilitation index, and the relationship between the kurtosis and day median price , to decide if Cross Country Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Cross Country Healthcare has modest predictability. Overlapping area represents the amount of predictability between Cross Country time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Cross Country Healthcare price movement. The serial correlation of 0.54 indicates that about 54.0% of current Cross Country price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 10.06 |
Cross Country Healthcare lagged returns against current returns
Autocorrelation, which is Cross Country 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 Cross Country's stock expected returns. We can calculate the autocorrelation of Cross Country returns to help us make a trade decision. For example, suppose you find that Cross Country 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 |
Cross Country 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 Cross Country stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cross Country stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cross Country stock over time.
Current vs Lagged Prices |
| Timeline |
Cross Country Lagged Returns
When evaluating Cross Country's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cross Country stock have on its future price. Cross Country 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, Cross Country autocorrelation shows the relationship between Cross Country stock current value and its past values and can show if there is a momentum factor associated with investing in Cross Country Healthcare.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Cross Stock
When determining whether Cross Country Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cross Country's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cross Country Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cross Country Healthcare Stock:Check out Cross Country Correlation, Cross Country Volatility and Cross Country Alpha and Beta module to complement your research on Cross Country. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Cross Country technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.