Cresco Labs (Germany) Market Value
| 6CQ Stock | EUR 0.89 0.03 3.49% |
| Symbol | Cresco |
Please note, there is a significant difference between Cresco Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cresco Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cresco Labs' 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.
Cresco Labs '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 Cresco Labs' 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 Cresco Labs.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Cresco Labs on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Cresco Labs or generate 0.0% return on investment in Cresco Labs over 720 days. Cresco Labs is related to or competes with DALATA HOTEL, Summit Hotel, Wyndham Hotels, Sunstone Hotel, Harmony Gold, Dalata Hotel, and Jacquet Metal. More
Cresco Labs 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 Cresco Labs' 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 Cresco Labs upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 27.36 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.9 |
Cresco Labs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cresco Labs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cresco Labs' standard deviation. In reality, there are many statistical measures that can use Cresco Labs historical prices to predict the future Cresco Labs' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 0.2469 |
Cresco Labs Backtested Returns
Cresco Labs secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Cresco Labs exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cresco Labs' mean deviation of 2.86, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -2.62, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cresco Labs are expected to decrease by larger amounts. On the other hand, during market turmoil, Cresco Labs is expected to outperform it. At this point, Cresco Labs has a negative expected return of -0.67%. Please make sure to confirm Cresco Labs' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Cresco Labs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.03 |
Virtually no predictability
Cresco Labs has virtually no predictability. Overlapping area represents the amount of predictability between Cresco Labs time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 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 Cresco Labs price movement. The serial correlation of 0.03 indicates that only 3.0% of current Cresco Labs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Cresco Labs lagged returns against current returns
Autocorrelation, which is Cresco Labs 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 Cresco Labs' stock expected returns. We can calculate the autocorrelation of Cresco Labs returns to help us make a trade decision. For example, suppose you find that Cresco Labs 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 |
Cresco Labs 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 Cresco Labs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cresco Labs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cresco Labs stock over time.
Current vs Lagged Prices |
| Timeline |
Cresco Labs Lagged Returns
When evaluating Cresco Labs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cresco Labs stock have on its future price. Cresco Labs 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, Cresco Labs autocorrelation shows the relationship between Cresco Labs stock current value and its past values and can show if there is a momentum factor associated with investing in Cresco Labs.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cresco Stock
Cresco Labs financial ratios help investors to determine whether Cresco Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cresco with respect to the benefits of owning Cresco Labs security.