Crane Correlations
| CR Stock | USD 129.39 0.74 0.57% |
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.
Very weak diversification
The correlation between Crane Company and NYA is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crane Company and NYA in the same portfolio, assuming nothing else is changed.
Crane |
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.
Moving together with Crane Stock
| 0.7 | B | Barnes Group Earnings Call This Week | PairCorr |
| 0.74 | HI | Hillenbrand Financial Report 13th of May 2024 | PairCorr |
| 0.84 | IR | Ingersoll Rand Financial Report 1st of May 2024 | PairCorr |
| 0.88 | PH | Parker Hannifin Financial Report 2nd of May 2024 | PairCorr |
| 0.77 | DNOW | Now Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.81 | EPAC | Enerpac Tool Group Financial Report 19th of June 2024 | PairCorr |
| 0.77 | FELE | Franklin Electric Financial Report 7th of May 2024 | PairCorr |
| 0.78 | AME | Ametek Inc Financial Report 7th of May 2024 | PairCorr |
| 0.8 | AOS | Smith AO Earnings Call This Week | PairCorr |
| 0.87 | CMI | Cummins Financial Report 7th of May 2024 | PairCorr |
| 0.7 | CXT | Crane NXT Financial Report 8th of May 2024 | PairCorr |
| 0.89 | DCI | Donaldson Financial Report 29th of May 2024 | PairCorr |
Moving against Crane Stock
| 0.77 | ATS | ATS Corporation | PairCorr |
| 0.62 | RR | Richtech Robotics Class | PairCorr |
| 0.77 | XMTR | Xometry Financial Report 8th of May 2024 | PairCorr |
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Risk-Adjusted Indicators
There is a big difference between Crane Stock performing well and Crane 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 Crane'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Crane 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?
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Crane Corporate Directors
Crane corporate directors refer to members of a Crane board of directors. The board of directors generally takes responsibility for the Crane'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 Crane's board members must vote for the resolution. The Crane board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Peter Scannell | Director | Profile | |
| Donald Cook | Independent Director | Profile | |
| Ronald Lindsay | Independent Director | Profile | |
| Jennifer Pollino | Independent Director | Profile |
Already Invested in Crane Company?
The danger of trading Crane Company 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 Crane 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 Crane. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Crane Company 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 Crane Company is a strong investment it is important to analyze Crane's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Crane's future performance. For an informed investment choice regarding Crane Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crane Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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When running Crane's price analysis, check to measure Crane'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 Crane is operating at the current time. Most of Crane's value examination focuses on studying past and present price action to predict the probability of Crane's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crane's price. Additionally, you may evaluate how the addition of Crane to your portfolios can decrease your overall portfolio volatility.
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Is Crane'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 Crane. If investors know Crane 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 Crane listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 1.3 | Earnings Share 7.4 | Revenue Per Share 59.758 | Quarterly Revenue Growth 0.104 | Return On Assets 0.1138 |
The market value of Crane Company is measured differently than its book value, which is the value of Crane that is recorded on the company's balance sheet. Investors also form their own opinion of Crane's value that differs from its market value or its book value, called intrinsic value, which is Crane'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 Crane's market value can be influenced by many factors that don't directly affect Crane'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 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.