Clemondo Group (Sweden) Market Value
| CLEM Stock | SEK 0.75 0.06 8.70% |
| Symbol | Clemondo |
Clemondo Group '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 Clemondo Group'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 Clemondo Group.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Clemondo Group on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Clemondo Group AB or generate 0.0% return on investment in Clemondo Group over 30 days. Clemondo Group is related to or competes with Boozt AB, G5 Entertainment, Stillfront Group, Storytel, and Swedencare Publ. Clemondo Group AB develops, produces, and markets a range of cleaning and maintenance products for professional users an... More
Clemondo Group 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 Clemondo Group'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 Clemondo Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 3.8 |
Clemondo Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clemondo Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clemondo Group's standard deviation. In reality, there are many statistical measures that can use Clemondo Group historical prices to predict the future Clemondo Group's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.27) |
Clemondo Group AB Backtested Returns
Clemondo Group AB secures Sharpe Ratio (or Efficiency) of -0.0561, which signifies that the company had a -0.0561% return per unit of standard deviation over the last 3 months. Clemondo Group AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clemondo Group's mean deviation of 1.77, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clemondo Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clemondo Group is expected to be smaller as well. At this point, Clemondo Group AB has a negative expected return of -0.13%. Please make sure to confirm Clemondo Group's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Clemondo Group AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Clemondo Group AB has modest predictability. Overlapping area represents the amount of predictability between Clemondo Group time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Clemondo Group AB price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Clemondo Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Clemondo Group AB lagged returns against current returns
Autocorrelation, which is Clemondo Group 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 Clemondo Group's stock expected returns. We can calculate the autocorrelation of Clemondo Group returns to help us make a trade decision. For example, suppose you find that Clemondo Group 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 |
Clemondo Group 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 Clemondo Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clemondo Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clemondo Group stock over time.
Current vs Lagged Prices |
| Timeline |
Clemondo Group Lagged Returns
When evaluating Clemondo Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clemondo Group stock have on its future price. Clemondo Group 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, Clemondo Group autocorrelation shows the relationship between Clemondo Group stock current value and its past values and can show if there is a momentum factor associated with investing in Clemondo Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Clemondo Stock Analysis
When running Clemondo Group's price analysis, check to measure Clemondo Group'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 Clemondo Group is operating at the current time. Most of Clemondo Group's value examination focuses on studying past and present price action to predict the probability of Clemondo Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clemondo Group's price. Additionally, you may evaluate how the addition of Clemondo Group to your portfolios can decrease your overall portfolio volatility.