Carnegie Clean (Australia) Market Value
| CCE Stock | 0.04 0 2.50% |
| Symbol | Carnegie |
Carnegie Clean '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 Carnegie Clean'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 Carnegie Clean.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Carnegie Clean on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Carnegie Clean Energy or generate 0.0% return on investment in Carnegie Clean over 720 days. Carnegie Clean is related to or competes with Andean Silver, Australian Unity, Hotel Property, Evolution Mining, Infomedia, Nine Entertainment, and Autosports. Carnegie Clean is entity of Australia. It is traded as Stock on AU exchange. More
Carnegie Clean 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 Carnegie Clean'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 Carnegie Clean Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.47 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 5.26 |
Carnegie Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carnegie Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carnegie Clean's standard deviation. In reality, there are many statistical measures that can use Carnegie Clean historical prices to predict the future Carnegie Clean's volatility.| Risk Adjusted Performance | 0.018 | |||
| Jensen Alpha | 0.0133 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.228 |
Carnegie Clean Energy Backtested Returns
Carnegie Clean Energy secures Sharpe Ratio (or Efficiency) of -2.0E-4, which signifies that the company had a -2.0E-4% return per unit of risk over the last 3 months. Carnegie Clean Energy exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Carnegie Clean's Risk Adjusted Performance of 0.018, mean deviation of 1.87, and Downside Deviation of 3.47 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Carnegie Clean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Carnegie Clean is expected to be smaller as well. At this point, Carnegie Clean Energy has a negative expected return of -6.0E-4%. Please make sure to confirm Carnegie Clean's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Carnegie Clean Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Carnegie Clean Energy has virtually no predictability. Overlapping area represents the amount of predictability between Carnegie Clean time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Carnegie Clean Energy price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Carnegie Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Carnegie Clean Energy lagged returns against current returns
Autocorrelation, which is Carnegie Clean 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 Carnegie Clean's stock expected returns. We can calculate the autocorrelation of Carnegie Clean returns to help us make a trade decision. For example, suppose you find that Carnegie Clean 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 |
Carnegie Clean 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 Carnegie Clean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carnegie Clean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carnegie Clean stock over time.
Current vs Lagged Prices |
| Timeline |
Carnegie Clean Lagged Returns
When evaluating Carnegie Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carnegie Clean stock have on its future price. Carnegie Clean 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, Carnegie Clean autocorrelation shows the relationship between Carnegie Clean stock current value and its past values and can show if there is a momentum factor associated with investing in Carnegie Clean Energy.
Regressed Prices |
| Timeline |
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Additional Tools for Carnegie Stock Analysis
When running Carnegie Clean's price analysis, check to measure Carnegie Clean'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 Carnegie Clean is operating at the current time. Most of Carnegie Clean's value examination focuses on studying past and present price action to predict the probability of Carnegie Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnegie Clean's price. Additionally, you may evaluate how the addition of Carnegie Clean to your portfolios can decrease your overall portfolio volatility.