Croda International Plc Stock Market Value
| COIHY Stock | USD 29.48 0.33 1.13% |
| Symbol | Croda |
Croda International '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 Croda International's pink sheet 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 Croda International.
| 05/05/2023 |
| 04/29/2024 |
If you would invest 0.00 in Croda International on May 5, 2023 and sell it all today you would earn a total of 0.00 from holding Croda International PLC or generate 0.0% return on investment in Croda International over 360 days. Croda International is related to or competes with Air Liquide, Sherwin Williams, Ecolab, Air Products, Dupont De, and PPG Industries. Croda International Plc creates, makes, and sells specialty chemicals in Europe, the Middle East, Africa, North America,... More
Croda International 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 Croda International's pink sheet 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 Croda International PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.41 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 3.55 |
Croda International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Croda International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Croda International's standard deviation. In reality, there are many statistical measures that can use Croda International historical prices to predict the future Croda International's volatility.| Risk Adjusted Performance | 0.028 | |||
| Jensen Alpha | 0.0048 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0862 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Croda International'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.
Croda International PLC Backtested Returns
We consider Croda International very steady. Croda International PLC secures Sharpe Ratio (or Efficiency) of 0.0323, which signifies that the company had a 0.0323% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Croda International PLC, which you can use to evaluate the volatility of the firm. Please confirm Croda International's Mean Deviation of 1.64, risk adjusted performance of 0.028, and Downside Deviation of 1.81 to double-check if the risk estimate we provide is consistent with the expected return of 0.0626%. Croda International has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Croda International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Croda International is expected to be smaller as well. Croda International PLC right now shows a risk of 1.94%. Please confirm Croda International PLC maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Croda International PLC will be following its price patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Croda International PLC has modest reverse predictability. Overlapping area represents the amount of predictability between Croda International time series from 5th of May 2023 to 1st of November 2023 and 1st of November 2023 to 29th 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 Croda International PLC price movement. The serial correlation of -0.48 indicates that about 48.0% of current Croda International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.81 |
Croda International PLC lagged returns against current returns
Autocorrelation, which is Croda International pink sheet'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 Croda International's pink sheet expected returns. We can calculate the autocorrelation of Croda International returns to help us make a trade decision. For example, suppose you find that Croda International has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Croda International 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 Croda International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Croda International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Croda International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Croda International Lagged Returns
When evaluating Croda International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Croda International pink sheet have on its future price. Croda International 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, Croda International autocorrelation shows the relationship between Croda International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Croda International PLC.
Regressed Prices |
| Timeline |
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 Croda International 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, Croda International's short interest history, or implied volatility extrapolated from Croda International options trading.
Pair Trading with Croda International
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 Croda International 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 Croda International will appreciate offsetting losses from the drop in the long position's value.Moving against Croda Pink Sheet
| 0.44 | APD | Air Products Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Croda 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 Croda 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 Croda 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 Croda International PLC to buy it.
The correlation of Croda 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 Croda International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Croda International PLC 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 Croda International 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 Croda International Correlation, Croda International Volatility and Croda International Alpha and Beta module to complement your research on Croda International. Note that the Croda International PLC information on this page should be used as a complementary analysis to other Croda 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Croda Pink Sheet analysis
When running Croda International's price analysis, check to measure Croda 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 Croda International is operating at the current time. Most of Croda International's value examination focuses on studying past and present price action to predict the probability of Croda 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 Croda International's price. Additionally, you may evaluate how the addition of Croda International to your portfolios can decrease your overall portfolio volatility.
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Croda International technical pink sheet 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, pink sheet market cycles, or different charting patterns.