Crown Castle Stock Market Value
| CCI Stock | USD 95.44 0.03 0.03% |
| Symbol | Crown |
Crown Castle Price To Book Ratio
Is Crown Castle'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 Crown Castle. If investors know Crown 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 Crown Castle 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 (0.27) | Dividend Share 6.26 | Earnings Share 3.2 | Revenue Per Share 15.772 | Quarterly Revenue Growth (0.07) |
The market value of Crown Castle is measured differently than its book value, which is the value of Crown that is recorded on the company's balance sheet. Investors also form their own opinion of Crown Castle's value that differs from its market value or its book value, called intrinsic value, which is Crown Castle'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 Crown Castle's market value can be influenced by many factors that don't directly affect Crown Castle'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 Crown Castle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Crown Castle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crown Castle'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.
Crown Castle '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 Crown Castle'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 Crown Castle.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Crown Castle on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Crown Castle or generate 0.0% return on investment in Crown Castle over 30 days. Crown Castle is related to or competes with Digital Realty, Equinix, SBA Communications, Iron Mountain, American Tower, Hannon Armstrong, and Gaming Leisure. Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber suppor... More
Crown Castle 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 Crown Castle'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 Crown Castle upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.6 |
Crown Castle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crown Castle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crown Castle's standard deviation. In reality, there are many statistical measures that can use Crown Castle historical prices to predict the future Crown Castle's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (1.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crown Castle'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.
Crown Castle Backtested Returns
Crown Castle secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Crown Castle exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crown Castle's Mean Deviation of 1.16, risk adjusted performance of (0.06), and Standard Deviation of 1.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Crown Castle's returns are expected to increase less than the market. However, during the bear market, the loss of holding Crown Castle is expected to be smaller as well. Crown Castle has an expected return of -0.2%. Please make sure to confirm Crown Castle maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if Crown Castle performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Crown Castle has weak predictability. Overlapping area represents the amount of predictability between Crown Castle time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Crown Castle price movement. The serial correlation of 0.2 indicates that over 20.0% of current Crown Castle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 4.86 |
Crown Castle lagged returns against current returns
Autocorrelation, which is Crown Castle 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 Crown Castle's stock expected returns. We can calculate the autocorrelation of Crown Castle returns to help us make a trade decision. For example, suppose you find that Crown Castle 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 |
Crown Castle 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 Crown Castle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crown Castle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crown Castle stock over time.
Current vs Lagged Prices |
| Timeline |
Crown Castle Lagged Returns
When evaluating Crown Castle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crown Castle stock have on its future price. Crown Castle 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, Crown Castle autocorrelation shows the relationship between Crown Castle stock current value and its past values and can show if there is a momentum factor associated with investing in Crown Castle.
Regressed Prices |
| Timeline |
Pair Trading with Crown Castle
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 Crown Castle 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 Crown Castle will appreciate offsetting losses from the drop in the long position's value.Moving together with Crown Stock
| 0.67 | FR | First Industrial Realty | PairCorr |
| 0.85 | EQIX | Equinix Earnings Call This Week | PairCorr |
| 0.86 | AMT | American Tower Corp Earnings Call This Week | PairCorr |
Moving against Crown Stock
| 0.46 | AHT-PD | Ashford Hospitality Trust | PairCorr |
The ability to find closely correlated positions to Crown Castle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crown Castle 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 Crown Castle - 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 Crown Castle to buy it.
The correlation of Crown Castle 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 Crown Castle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Castle 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 Crown Castle 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 Crown Castle Correlation, Crown Castle Volatility and Crown Castle Alpha and Beta module to complement your research on Crown Castle. For more detail on how to invest in Crown Stock please use our How to Invest in Crown Castle guide.Note that the Crown Castle information on this page should be used as a complementary analysis to other Crown Castle'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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Crown Stock analysis
When running Crown Castle's price analysis, check to measure Crown Castle'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 Crown Castle is operating at the current time. Most of Crown Castle's value examination focuses on studying past and present price action to predict the probability of Crown Castle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crown Castle's price. Additionally, you may evaluate how the addition of Crown Castle to your portfolios can decrease your overall portfolio volatility.
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Crown Castle technical stock 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, stock market cycles, or different charting patterns.