Credo Technology Group Stock Performance
| CRDO Stock | USD 101.22 0.05 0.05% |
Credo Technology holds a performance score of 29 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Credo Technology are expected to decrease at a much lower rate. During the bear market, Credo Technology is likely to outperform the market. Use Credo Technology standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to analyze future returns on Credo Technology.
Risk-Adjusted Performance
Strong
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Credo Technology Group are ranked lower than 29 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating fundamental indicators, Credo Technology displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 66.9 M | |
| Total Cashflows From Investing Activities | 112 M | |
| Free Cash Flow | 29 M |
Credo Technology Relative Risk vs. Return Landscape
If you would invest 4,304 in Credo Technology Group on April 27, 2025 and sell it today you would earn a total of 5,818 from holding Credo Technology Group or generate 135.18% return on investment over 90 days. Credo Technology Group is currently generating 1.4359% in daily expected returns and assumes 3.8123% risk (volatility on return distribution) over the 90 days horizon. In different words, 34% of stocks are less volatile than Credo, and 72% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Credo Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credo Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Credo Technology Group, and traders can use it to determine the average amount a Credo Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.3767
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Estimated Market Risk
| 3.81 actual daily | 34 66% of assets are more volatile |
Expected Return
| 1.44 actual daily | 29 71% of assets have higher returns |
Risk-Adjusted Return
| 0.38 actual daily | 29 71% of assets perform better |
Based on monthly moving average Credo Technology is performing at about 29% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Credo Technology by adding it to a well-diversified portfolio.
Credo Technology Fundamentals Growth
Credo Stock prices reflect investors' perceptions of the future prospects and financial health of Credo Technology, and Credo Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Credo Stock performance.
| Return On Equity | 0.0854 | ||||
| Return On Asset | 0.0337 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 16.95 B | ||||
| Shares Outstanding | 171.64 M | ||||
| Price To Book | 25.48 X | ||||
| Price To Sales | 39.76 X | ||||
| Revenue | 436.77 M | ||||
| EBITDA | 76.81 M | ||||
| Cash And Equivalents | 243.78 M | ||||
| Cash Per Share | 1.67 X | ||||
| Total Debt | 12.69 M | ||||
| Debt To Equity | 0.05 % | ||||
| Book Value Per Share | 3.98 X | ||||
| Cash Flow From Operations | 65.08 M | ||||
| Earnings Per Share | 0.29 X | ||||
| Total Asset | 809.26 M | ||||
| Retained Earnings | (83.16 M) | ||||
About Credo Technology Performance
By examining Credo Technology's fundamental ratios, stakeholders can obtain critical insights into Credo Technology's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Credo Technology is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. The company was founded in 2008 and is headquartered in San Jose, California. Credo Technology is traded on NASDAQ Exchange in the United States.Things to note about Credo Technology performance evaluation
Checking the ongoing alerts about Credo Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Credo Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Credo Technology appears to be risky and price may revert if volatility continues | |
| Over 77.0% of the company shares are held by institutions such as insurance companies |
- Analyzing Credo Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Credo Technology's stock is overvalued or undervalued compared to its peers.
- Examining Credo Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Credo Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Credo Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Credo Technology's stock. These opinions can provide insight into Credo Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credo Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Semiconductors & Semiconductor Equipment space 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 Credo Technology. If investors know Credo 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 Credo Technology 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 Credo Technology is measured differently than its book value, which is the value of Credo that is recorded on the company's balance sheet. Investors also form their own opinion of Credo Technology's value that differs from its market value or its book value, called intrinsic value, which is Credo Technology'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 Credo Technology's market value can be influenced by many factors that don't directly affect Credo Technology'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 Credo Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credo Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credo Technology'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.