Cricut Inc Stock Market Value
| CRCT Stock | USD 5.31 0.02 0.38% |
| Symbol | Cricut |
Cricut Inc Price To Book Ratio
Is Cricut'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 Cricut. If investors know Cricut 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 Cricut 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 0.008 | Earnings Share 0.24 | Revenue Per Share 3.528 | Quarterly Revenue Growth (0.18) | Return On Assets 0.0588 |
The market value of Cricut Inc is measured differently than its book value, which is the value of Cricut that is recorded on the company's balance sheet. Investors also form their own opinion of Cricut's value that differs from its market value or its book value, called intrinsic value, which is Cricut'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 Cricut's market value can be influenced by many factors that don't directly affect Cricut'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 Cricut's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cricut is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cricut'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.
Cricut '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 Cricut'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 Cricut.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Cricut on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cricut Inc or generate 0.0% return on investment in Cricut over 30 days. Cricut is related to or competes with Nano Dimension, 3D Systems, Markforged Holding, Stratasys, HP, Canaan, and DPCM Capital. Cricut, Inc. designs and markets a creativity platform that enables users to turn ideas into professional-looking handma... More
Cricut 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 Cricut'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 Cricut Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.78 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 4.72 |
Cricut Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cricut's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cricut's standard deviation. In reality, there are many statistical measures that can use Cricut historical prices to predict the future Cricut's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cricut'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.
Cricut Inc Backtested Returns
We consider Cricut slightly risky. Cricut Inc secures Sharpe Ratio (or Efficiency) of 0.0018, which signifies that the company had a 0.0018% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Cricut Inc, which you can use to evaluate the volatility of the firm. Please confirm Cricut's Standard Deviation of 2.92, mean deviation of 2.36, and Risk Adjusted Performance of 8.0E-4 to double-check if the risk estimate we provide is consistent with the expected return of 0.0053%. The firm shows a Beta (market volatility) of 1.59, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cricut will likely underperform. Cricut Inc right now shows a risk of 2.9%. Please confirm Cricut Inc maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Cricut Inc will be following its price patterns.
Auto-correlation | 0.82 |
Very good predictability
Cricut Inc has very good predictability. Overlapping area represents the amount of predictability between Cricut time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Cricut Inc price movement. The serial correlation of 0.82 indicates that around 82.0% of current Cricut price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cricut Inc lagged returns against current returns
Autocorrelation, which is Cricut 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 Cricut's stock expected returns. We can calculate the autocorrelation of Cricut returns to help us make a trade decision. For example, suppose you find that Cricut 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 |
Cricut 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 Cricut stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cricut stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cricut stock over time.
Current vs Lagged Prices |
| Timeline |
Cricut Lagged Returns
When evaluating Cricut's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cricut stock have on its future price. Cricut 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, Cricut autocorrelation shows the relationship between Cricut stock current value and its past values and can show if there is a momentum factor associated with investing in Cricut Inc.
Regressed Prices |
| Timeline |
Pair Trading with Cricut
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 Cricut 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 Cricut will appreciate offsetting losses from the drop in the long position's value.Moving against Cricut Stock
| 0.78 | CDW | CDW Corp Earnings Call This Week | PairCorr |
| 0.75 | AVNW | Aviat Networks Earnings Call This Week | PairCorr |
| 0.6 | OCC | Optical Cable | PairCorr |
| 0.5 | ITRN | Ituran Location | PairCorr |
| 0.49 | NTGR | NETGEAR Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cricut could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cricut 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 Cricut - 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 Cricut Inc to buy it.
The correlation of Cricut 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 Cricut moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cricut Inc 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 Cricut 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 Cricut Correlation, Cricut Volatility and Cricut Alpha and Beta module to complement your research on Cricut. Note that the Cricut Inc information on this page should be used as a complementary analysis to other Cricut'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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Cricut Stock analysis
When running Cricut's price analysis, check to measure Cricut'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 Cricut is operating at the current time. Most of Cricut's value examination focuses on studying past and present price action to predict the probability of Cricut's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cricut's price. Additionally, you may evaluate how the addition of Cricut to your portfolios can decrease your overall portfolio volatility.
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Cricut 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.