Crane Company Market Value

CRDelisted Stock  USD 134.24  0.94  0.71%   
Crane's market value is the price at which a share of Crane trades on a public exchange. It measures the collective expectations of Crane Company investors about its performance. Crane Company is currently unavailable and cannot be used in your analysis. The information on this page reflects the last day Crane was actively traded. Please check the stock traded under the symbol CXT.
With this module, you can estimate the performance of a buy and hold strategy of Crane Company and determine expected loss or profit from investing in Crane over a given investment horizon. Check out Crane Correlation, Crane Volatility and Crane Alpha and Beta module to complement your research on Crane.
Symbol

Please note, there is a significant difference between Crane's value and its price as these two are different measures arrived at by different means. Investors typically determine if Crane is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crane's 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.

Crane '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 Crane'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 Crane.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Crane on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Crane Company or generate 0.0% return on investment in Crane over 30 days. Crane is related to or competes with GameStop Corp, Trio Tech, Cementos Pacasmayo, Boyd Gaming, EMCOR, and Jacobs Solutions. Crane Holdings Co., together with its subsidiaries, manufactures and sells engineered industrial products in the America... More

Crane 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 Crane'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 Crane Company upside and downside potential and time the market with a certain degree of confidence.

Crane Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Crane's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crane's standard deviation. In reality, there are many statistical measures that can use Crane historical prices to predict the future Crane's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crane's 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.
Hype
Prediction
LowEstimatedHigh
133.26135.25137.24
Details
Intrinsic
Valuation
LowRealHigh
107.72109.71147.66
Details
Naive
Forecast
LowNextHigh
131.79133.78135.77
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
133.04133.93134.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Crane. Your research has to be compared to or analyzed against Crane's peers to derive any actionable benefits. When done correctly, Crane's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Crane Company.

Crane Company Backtested Returns

Crane appears to be very steady, given 3 months investment horizon. Crane Company secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Crane Company, which you can use to evaluate the volatility of the firm. Please makes use of Crane's mean deviation of 1.34, and Risk Adjusted Performance of 0.0866 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Crane holds a performance score of 9. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Crane are expected to decrease at a much lower rate. During the bear market, Crane is likely to outperform the market. Please check Crane's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Crane's price patterns will revert.

Auto-correlation

    
  0.65  

Good predictability

Crane Company has good predictability. Overlapping area represents the amount of predictability between Crane time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Crane Company price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Crane price fluctuation can be explain by its past prices.
Correlation Coefficient0.65
Spearman Rank Test0.71
Residual Average0.0
Price Variance4.41

Crane Company lagged returns against current returns

Autocorrelation, which is Crane 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 Crane's stock expected returns. We can calculate the autocorrelation of Crane returns to help us make a trade decision. For example, suppose you find that Crane 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  

Crane 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 Crane stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crane stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crane stock over time.
   Current vs Lagged Prices   
       Timeline  

Crane Lagged Returns

When evaluating Crane's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crane stock have on its future price. Crane 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, Crane autocorrelation shows the relationship between Crane stock current value and its past values and can show if there is a momentum factor associated with investing in Crane Company.
   Regressed Prices   
       Timeline  

Pair Trading with Crane

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 Crane 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 Crane will appreciate offsetting losses from the drop in the long position's value.

Moving together with Crane Stock

  0.84B Barnes Group Financial Report 25th of April 2024 PairCorr
  0.87GE General Electric Fiscal Quarter End 31st of March 2024 PairCorr

Moving against Crane Stock

  0.74ATS ATS CorporationPairCorr
  0.71RR Richtech Robotics ClassPairCorr
The ability to find closely correlated positions to Crane could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crane 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 Crane - 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 Crane Company to buy it.
The correlation of Crane 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 Crane moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crane Company 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 Crane 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.
Pair CorrelationCorrelation Matching
Check out Crane Correlation, Crane Volatility and Crane Alpha and Beta module to complement your research on Crane.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Other Consideration for investing in Crane Stock

If you are still planning to invest in Crane Company check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Crane's history and understand the potential risks before investing.
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