Clarke Inc Stock Market Value
| CKI Stock | CAD 23.60 0.02 0.08% |
| Symbol | Clarke |
Clarke Inc Price To Book Ratio
Clarke '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 Clarke'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 Clarke.
| 12/31/2022 |
| 12/20/2024 |
If you would invest 0.00 in Clarke on December 31, 2022 and sell it all today you would earn a total of 0.00 from holding Clarke Inc or generate 0.0% return on investment in Clarke over 720 days. Clarke is related to or competes with Chorus Aviation, Cineplex, Lion Electric, Air Canada, and Bombardier. Clarke Inc. is a private equity and venture capital firm specializing in investments in middle market, turnaround, PIPEs... More
Clarke 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 Clarke'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 Clarke Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.69 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.4219 |
Clarke Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clarke's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clarke's standard deviation. In reality, there are many statistical measures that can use Clarke historical prices to predict the future Clarke's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 4.23 |
Clarke Inc Backtested Returns
Clarke Inc secures Sharpe Ratio (or Efficiency) of -0.0639, which signifies that the company had a -0.0639% return per unit of standard deviation over the last 3 months. Clarke Inc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clarke's risk adjusted performance of (0.09), and Mean Deviation of 0.1522 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0083, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Clarke are expected to decrease at a much lower rate. During the bear market, Clarke is likely to outperform the market. At this point, Clarke Inc has a negative expected return of -0.0164%. Please make sure to confirm Clarke's treynor ratio, day median price, and the relationship between the information ratio and kurtosis , to decide if Clarke Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Clarke Inc has good predictability. Overlapping area represents the amount of predictability between Clarke time series from 31st of December 2022 to 26th of December 2023 and 26th of December 2023 to 20th 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 Clarke Inc price movement. The serial correlation of 0.66 indicates that around 66.0% of current Clarke price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 11.66 |
Clarke Inc lagged returns against current returns
Autocorrelation, which is Clarke 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 Clarke's stock expected returns. We can calculate the autocorrelation of Clarke returns to help us make a trade decision. For example, suppose you find that Clarke 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 |
Clarke 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 Clarke stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clarke stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clarke stock over time.
Current vs Lagged Prices |
| Timeline |
Clarke Lagged Returns
When evaluating Clarke's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clarke stock have on its future price. Clarke 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, Clarke autocorrelation shows the relationship between Clarke stock current value and its past values and can show if there is a momentum factor associated with investing in Clarke Inc.
Regressed Prices |
| Timeline |
Pair Trading with Clarke
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clarke position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clarke will appreciate offsetting losses from the drop in the long position's value.Moving against Clarke Stock
| 0.86 | AMZN | Amazon CDR | PairCorr |
| 0.85 | WMT | Walmart Inc CDR | PairCorr |
| 0.74 | JPM | JPMorgan Chase | PairCorr |
| 0.74 | BOFA | Bank of America | PairCorr |
| 0.72 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Clarke could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clarke when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clarke - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clarke Inc to buy it.
The correlation of Clarke is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clarke moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clarke Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clarke can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Clarke Stock
Clarke financial ratios help investors to determine whether Clarke 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 Clarke with respect to the benefits of owning Clarke security.