Crown Holdings Stock Market Value
| CCK Stock | USD 76.92 0.49 0.64% |
| Symbol | Crown |
Crown Holdings Price To Book Ratio
Is Crown Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Crown Holdings. If investors know Crown will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Crown Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.64) | Dividend Share 0.96 | Earnings Share 3.76 | Revenue Per Share 100.578 | Quarterly Revenue Growth (0.05) |
The market value of Crown Holdings is measured differently than its book value, which is the value of Crown that is recorded on the company's balance sheet. Investors also form their own opinion of Crown Holdings' value that differs from its market value or its book value, called intrinsic value, which is Crown Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Crown Holdings' market value can be influenced by many factors that don't directly affect Crown Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Crown Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crown Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crown Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Crown Holdings '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 Holdings' 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 Crown Holdings.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Crown Holdings on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Crown Holdings or generate 0.0% return on investment in Crown Holdings over 90 days. Crown Holdings is related to or competes with Karat Packaging, Reynolds Consumer, Myers Industries, Pactiv Evergreen, Packaging Corp, Avery Dennison, and WestRock. Crown Holdings, Inc. designs, manufactures, and sells packaging products and equipment for consumer goods and industrial... More
Crown Holdings 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 Holdings' 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 Crown Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.73 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.17 |
Crown Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crown Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crown Holdings' standard deviation. In reality, there are many statistical measures that can use Crown Holdings historical prices to predict the future Crown Holdings' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crown Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Crown Holdings Backtested Returns
Crown Holdings 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. Crown Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crown Holdings' Standard Deviation of 2.13, risk adjusted performance of (0.06), and Mean Deviation of 1.21 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Crown Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Crown Holdings is expected to be smaller as well. Crown Holdings has an expected return of -0.23%. Please make sure to confirm Crown Holdings maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Crown Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Crown Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Crown Holdings time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th of April 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 Holdings price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Crown Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
Crown Holdings lagged returns against current returns
Autocorrelation, which is Crown Holdings 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 Crown Holdings' stock expected returns. We can calculate the autocorrelation of Crown Holdings returns to help us make a trade decision. For example, suppose you find that Crown Holdings 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 |
Crown Holdings 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 Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crown Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crown Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Crown Holdings Lagged Returns
When evaluating Crown Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crown Holdings stock have on its future price. Crown Holdings 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 Holdings autocorrelation shows the relationship between Crown Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Crown Holdings.
Regressed Prices |
| Timeline |
Crown Holdings Investors Sentiment
The influence of Crown Holdings' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Crown. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Crown Holdings' public news can be used to forecast risks associated with an investment in Crown. The trend in average sentiment can be used to explain how an investor holding Crown can time the market purely based on public headlines and social activities around Crown Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Crown Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Crown Holdings' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Crown Holdings' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Crown Holdings.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Crown Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Crown Holdings' short interest history, or implied volatility extrapolated from Crown Holdings options trading.
Pair Trading with Crown Holdings
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 Crown Holdings 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 Crown Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Crown Stock
| 0.73 | KRT | Karat Packaging Financial Report 8th of May 2024 | PairCorr |
| 0.65 | BALL | Ball Earnings Call This Week | PairCorr |
| 0.62 | AVY | Avery Dennison Corp Earnings Call This Week | PairCorr |
| 0.62 | AS | Amer Sports | PairCorr |
| 0.61 | MGIH | Millennium Group Int | PairCorr |
The ability to find closely correlated positions to Crown Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crown Holdings 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 Crown Holdings - 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 Crown Holdings to buy it.
The correlation of Crown Holdings 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 Crown Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Holdings 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 Crown Holdings 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.Check out Crown Holdings Correlation, Crown Holdings Volatility and Crown Holdings Alpha and Beta module to complement your research on Crown Holdings. For more information on how to buy Crown Stock please use our How to buy in Crown Stock guide.Note that the Crown Holdings information on this page should be used as a complementary analysis to other Crown Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Crown Stock analysis
When running Crown Holdings' price analysis, check to measure Crown Holdings' 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 Crown Holdings is operating at the current time. Most of Crown Holdings' value examination focuses on studying past and present price action to predict the probability of Crown Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crown Holdings' price. Additionally, you may evaluate how the addition of Crown Holdings to your portfolios can decrease your overall portfolio volatility.
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Crown Holdings 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.