Clevo (Taiwan) Market Value
| 2362 Stock | TWD 56.50 1.30 2.36% |
| Symbol | Clevo |
Clevo '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 Clevo'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 Clevo.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Clevo on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Clevo Co or generate 0.0% return on investment in Clevo over 690 days. Clevo is related to or competes with United Microelectronics, Winbond Electronics, and Macronix International. Clevo Co., an ODMOEM manufacturer, provides hardware solutions for notebooks, tablets, and all-in-one PCs worldwide More
Clevo 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 Clevo'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 Clevo Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.09 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 5.34 |
Clevo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clevo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clevo's standard deviation. In reality, there are many statistical measures that can use Clevo historical prices to predict the future Clevo's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 0.2671 |
Clevo Backtested Returns
Clevo secures Sharpe Ratio (or Efficiency) of -0.012, which signifies that the company had a -0.012% return per unit of standard deviation over the last 3 months. Clevo Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clevo's mean deviation of 1.9, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Clevo are expected to decrease at a much lower rate. During the bear market, Clevo is likely to outperform the market. At this point, Clevo has a negative expected return of -0.0354%. Please make sure to confirm Clevo's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Clevo performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Clevo Co has modest predictability. Overlapping area represents the amount of predictability between Clevo time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 Clevo price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Clevo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 69.51 |
Clevo lagged returns against current returns
Autocorrelation, which is Clevo 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 Clevo's stock expected returns. We can calculate the autocorrelation of Clevo returns to help us make a trade decision. For example, suppose you find that Clevo 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 |
Clevo 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 Clevo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clevo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clevo stock over time.
Current vs Lagged Prices |
| Timeline |
Clevo Lagged Returns
When evaluating Clevo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clevo stock have on its future price. Clevo 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, Clevo autocorrelation shows the relationship between Clevo stock current value and its past values and can show if there is a momentum factor associated with investing in Clevo Co.
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.Additional Tools for Clevo Stock Analysis
When running Clevo's price analysis, check to measure Clevo'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 Clevo is operating at the current time. Most of Clevo's value examination focuses on studying past and present price action to predict the probability of Clevo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clevo's price. Additionally, you may evaluate how the addition of Clevo to your portfolios can decrease your overall portfolio volatility.