Crown Crafts Stock Market Value
| CRWS Stock | USD 5.14 0.03 0.59% |
| Symbol | Crown |
Is Crown Crafts' 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 Crafts. 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 Crafts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Crown Crafts 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 Crafts' value that differs from its market value or its book value, called intrinsic value, which is Crown Crafts' 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 Crafts' market value can be influenced by many factors that don't directly affect Crown Crafts' 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 Crafts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Crown Crafts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crown Crafts' 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 Crafts '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 Crafts' 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 Crafts.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Crown Crafts on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Crown Crafts or generate 0.0% return on investment in Crown Crafts over 30 days. Crown Crafts is related to or competes with Bassett Furniture, Hooker Furniture, Natuzzi SpA, Flexsteel Industries, Hamilton Beach, and La Z. Crown Crafts, Inc., through its subsidiaries, operates in the consumer products industry in the United States and intern... More
Crown Crafts 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 Crafts' 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 Crafts upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.88 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.77 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 3.14 |
Crown Crafts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crown Crafts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crown Crafts' standard deviation. In reality, there are many statistical measures that can use Crown Crafts historical prices to predict the future Crown Crafts' volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Crown Crafts' 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 Crafts Backtested Returns
We consider Crown Crafts somewhat reliable. Crown Crafts secures Sharpe Ratio (or Efficiency) of 0.0046, which signifies that the company had a 0.0046% return per unit of risk over the last 3 months. We have found thirty technical indicators for Crown Crafts, which you can use to evaluate the volatility of the firm. Please confirm Crown Crafts' Downside Deviation of 1.88, mean deviation of 1.36, and Risk Adjusted Performance of 0.0097 to double-check if the risk estimate we provide is consistent with the expected return of 0.009%. The firm shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Crown Crafts' returns are expected to increase less than the market. However, during the bear market, the loss of holding Crown Crafts is expected to be smaller as well. Crown Crafts right now shows a risk of 1.94%. Please confirm Crown Crafts maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Crown Crafts will be following its price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Crown Crafts has very weak reverse predictability. Overlapping area represents the amount of predictability between Crown Crafts 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 Crown Crafts price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Crown Crafts price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Crown Crafts lagged returns against current returns
Autocorrelation, which is Crown Crafts 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 Crafts' stock expected returns. We can calculate the autocorrelation of Crown Crafts returns to help us make a trade decision. For example, suppose you find that Crown Crafts 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 Crafts 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 Crafts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crown Crafts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crown Crafts stock over time.
Current vs Lagged Prices |
| Timeline |
Crown Crafts Lagged Returns
When evaluating Crown Crafts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crown Crafts stock have on its future price. Crown Crafts 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 Crafts autocorrelation shows the relationship between Crown Crafts stock current value and its past values and can show if there is a momentum factor associated with investing in Crown Crafts.
Regressed Prices |
| Timeline |
Pair Trading with Crown Crafts
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 Crafts 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 Crafts will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Crown Crafts 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 Crafts 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 Crafts - 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 Crafts to buy it.
The correlation of Crown Crafts 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 Crafts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crown Crafts 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 Crafts 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 Crafts Correlation, Crown Crafts Volatility and Crown Crafts Alpha and Beta module to complement your research on Crown Crafts. For more information on how to buy Crown Stock please use our How to Invest in Crown Crafts guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Crown Stock analysis
When running Crown Crafts' price analysis, check to measure Crown Crafts' 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 Crafts is operating at the current time. Most of Crown Crafts' value examination focuses on studying past and present price action to predict the probability of Crown Crafts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crown Crafts' price. Additionally, you may evaluate how the addition of Crown Crafts to your portfolios can decrease your overall portfolio volatility.
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Crown Crafts 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.