Crane Correlations
| CRDelisted Stock | USD 86.81 2.03 2.29% |
The correlation of Crane is a statistical measure of how it moves in relation to other equities. 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.
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 producer price index. 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
| + | 0.74 | HI | Hillenbrand | Report 15th of November 2023 | PairCorr | |
| + | 0.62 | FELE | Franklin Electric | Report 24th of October 2023 | PairCorr | |
| + | 0.74 | AOS | Smith AO | Report 26th of October 2023 | PairCorr | |
| + | 0.73 | CMI | Cummins | Report 2nd of November 2023 | PairCorr |
Related Correlations Analysis
MTSI | ICG | CRUS | KLAC | PBEV | BUD | WEST | AMKR | ||
MTSI | -0.13 | -0.39 | 0.21 | 0.0 | -0.4 | -0.71 | -0.61 | MTSI | |
ICG | -0.13 | 0.69 | 0.65 | 0.0 | 0.28 | 0.56 | 0.57 | ICG | |
CRUS | -0.39 | 0.69 | 0.57 | 0.0 | 0.37 | 0.7 | 0.88 | CRUS | |
KLAC | 0.21 | 0.65 | 0.57 | 0.0 | 0.19 | 0.38 | 0.43 | KLAC | |
PBEV | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PBEV | |
BUD | -0.4 | 0.28 | 0.37 | 0.19 | 0.0 | 0.64 | 0.53 | BUD | |
WEST | -0.71 | 0.56 | 0.7 | 0.38 | 0.0 | 0.64 | 0.79 | WEST | |
AMKR | -0.61 | 0.57 | 0.88 | 0.43 | 0.0 | 0.53 | 0.79 | AMKR | |
MTSI | ICG | CRUS | KLAC | PBEV | BUD | WEST | AMKR |
| 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 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| MTSI | 1.73 | 0.45 | 0.22 | 0.24 | 1.73 | 0.17 | (2.02) | 3.40 | (3.09) | 15.19 |
| ICG | 2.46 | (0.28) | 0.00 | (0.48) | 0.00 | (0.06) | 0.00 | 7.20 | (7.04) | 20.74 |
| CRUS | 1.29 | (0.07) | 0.00 | (0.14) | 0.00 | (0.05) | 0.00 | 2.63 | (3.22) | 8.08 |
| KLAC | 1.59 | 0.01 | 0.00 | (0.08) | 0.00 | (0.0009) | 0.00 | 2.81 | (3.49) | 11.29 |
| PBEV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| BUD | 0.92 | (0.02) | 0.00 | (0.11) | 0.00 | (0.014) | 0.00 | 1.61 | (2.20) | 6.65 |
| WEST | 1.23 | (0.27) | 0.00 | (0.60) | 0.00 | (0.13) | 0.00 | 1.88 | (3.78) | 8.90 |
| AMKR | 1.76 | (0.29) | 0.00 | (0.30) | 0.00 | (0.12) | 0.00 | 2.65 | (3.67) | 19.92 |
| The entity Crane Company with a symbol CR was recently relisted or delisted. You can potentially use Crane NXT Co with a symbol CXT. Please make sure the ticker renaming or change in the classification of Crane Company is not a temporary action by the exchange. |
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 |
Still Interested in Crane Company?
Investing in delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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 producer price index. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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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