CRA International Correlations
| CRAI Stock | USD 153.82 0.00 0.00% |
The correlation of CRA International 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 CRA International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CRA International 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.
Weak diversification
The correlation between CRA International and NYA is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CRA International and NYA in the same portfolio, assuming nothing else is changed.
CRA |
The ability to find closely correlated positions to CRA International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CRA International 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 CRA International - 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 CRA International to buy it.
Moving together with CRA Stock
| 0.86 | NL | NL Industries | PairCorr |
| 0.8 | WM | Waste Management | PairCorr |
| 0.88 | CLH | Clean Harbors Earnings Call This Week | PairCorr |
| 0.87 | MEG | Montrose Environmental Earnings Call This Week | PairCorr |
| 0.89 | RSG | Republic Services | PairCorr |
| 0.69 | LICY | LiCycle Holdings Corp Financial Report 20th of May 2024 | PairCorr |
| 0.84 | PESI | Perma Fix Environmental Earnings Call This Week | PairCorr |
Moving against CRA Stock
| 0.89 | SOS | SOS Limited Report 16th of May 2024 | PairCorr |
| 0.87 | ACCO | Acco Brands | PairCorr |
| 0.82 | LNZAW | LanzaTech Global | PairCorr |
| 0.82 | TOMZ | TOMI Environmental Financial Report 20th of May 2024 | PairCorr |
| 0.81 | HDSN | Hudson Technologies | PairCorr |
| 0.77 | LNZA | LanzaTech Global Earnings Call This Week | PairCorr |
| 0.7 | PYCR | Paycor HCM Earnings Call This Week | PairCorr |
| 0.63 | GFL | Gfl Environmental | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between CRA Stock performing well and CRA International Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CRA International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FC | 1.69 | (0.17) | 0.00 | (0.04) | 0.00 | 3.91 | 10.76 | |||
| ICFI | 0.95 | 0.00 | 0.00 | 0.04 | 1.04 | 1.99 | 5.42 | |||
| HURN | 1.33 | (0.37) | 0.00 | (0.22) | 0.00 | 1.78 | 16.64 | |||
| FCN | 1.12 | 0.11 | 0.07 | 0.15 | 1.25 | 1.74 | 20.25 | |||
| FORR | 2.31 | (0.65) | 0.00 | (0.22) | 0.00 | 4.15 | 14.18 | |||
| EXPO | 1.73 | (0.01) | 0.01 | 0.04 | 2.69 | 2.67 | 21.60 | |||
| RGP | 1.68 | (0.35) | 0.00 | (0.13) | 0.00 | 2.81 | 12.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CRA International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Commodity Directory Now
Commodity DirectoryFind actively traded commodities issued by global exchanges |
| All Next | Launch Module |
CRA International Corporate Directors
CRA International corporate directors refer to members of a CRA International board of directors. The board of directors generally takes responsibility for the CRA International's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of CRA International's board members must vote for the resolution. The CRA International board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Thomas Robertson | Independent Director | Profile | |
| Robert Whitman | Independent Director | Profile | |
| Thomas Avery | Director | Profile | |
| Robert Holthausen | Director | Profile |
Already Invested in CRA International?
The danger of trading CRA International is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CRA International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CRA International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CRA International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether CRA International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CRA International'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 Cra International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cra International Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CRA International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more detail on how to invest in CRA Stock please use our How to Invest in CRA International guide.Note that the CRA International information on this page should be used as a complementary analysis to other CRA International's 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for CRA Stock analysis
When running CRA International's price analysis, check to measure CRA International'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 CRA International is operating at the current time. Most of CRA International's value examination focuses on studying past and present price action to predict the probability of CRA International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CRA International's price. Additionally, you may evaluate how the addition of CRA International to your portfolios can decrease your overall portfolio volatility.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk |
Is CRA International's 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 CRA International. If investors know CRA 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 CRA International 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 0.36 | Dividend Share 1.5 | Earnings Share 5.38 | Revenue Per Share 89.038 | Quarterly Revenue Growth 0.115 |
The market value of CRA International is measured differently than its book value, which is the value of CRA that is recorded on the company's balance sheet. Investors also form their own opinion of CRA International's value that differs from its market value or its book value, called intrinsic value, which is CRA International's 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 CRA International's market value can be influenced by many factors that don't directly affect CRA International's 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 CRA International's value and its price as these two are different measures arrived at by different means. Investors typically determine if CRA International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CRA International'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.