Crown Castle (Brazil) Market Value
| C1CI34 Stock | BRL 139.44 1.26 0.91% |
| Symbol | Crown |
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.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Crown Castle on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Crown Castle International or generate 0.0% return on investment in Crown Castle over 30 days. Crown Castle is related to or competes with American Tower, Equinix, Iron Mountain, Accenture Plc, Karsten SA, and Amazon. 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 International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 30.2 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 2.36 |
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 | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (3.16) |
Crown Castle Interna Backtested Returns
Crown Castle Interna secures Sharpe Ratio (or Efficiency) of -0.0362, which signifies that the company had a -0.0362% return per unit of risk over the last 3 months. Crown Castle International 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 1.76, standard deviation of 3.29, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0673, 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. At this point, Crown Castle Interna has a negative expected return of -0.12%. Please make sure to confirm Crown Castle's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Crown Castle Interna performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Crown Castle International has weak predictability. Overlapping area represents the amount of predictability between Crown Castle time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Crown Castle Interna price movement. The serial correlation of 0.22 indicates that over 22.0% of current Crown Castle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 21.86 |
Crown Castle Interna 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 International.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Crown Stock
Crown Castle financial ratios help investors to determine whether Crown 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 Crown with respect to the benefits of owning Crown Castle security.