The Clorox Stock Market Value
| CLX Stock | USD 167.17 0.02 0.01% |
| Symbol | Clorox |
Clorox Price To Book Ratio
Is Household Products 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 Clorox. If investors know Clorox 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 Clorox listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.704 | Dividend Share 4.84 | Earnings Share 2.87 | Revenue Per Share 60.171 | Quarterly Revenue Growth 0.271 |
The market value of Clorox is measured differently than its book value, which is the value of Clorox that is recorded on the company's balance sheet. Investors also form their own opinion of Clorox's value that differs from its market value or its book value, called intrinsic value, which is Clorox'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 Clorox's market value can be influenced by many factors that don't directly affect Clorox'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 Clorox's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clorox is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clorox'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.
Clorox '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 Clorox'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 Clorox.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Clorox on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding The Clorox or generate 0.0% return on investment in Clorox over 180 days. Clorox is related to or competes with Colgate Palmolive, Unilever PLC, Kimberly Clark, Estee Lauder, ELF Beauty, Coty, and Kenvue. The Clorox Company manufactures and markets consumer and professional products worldwide More
Clorox 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 Clorox'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 The Clorox upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8105 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.64 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.48 |
Clorox Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clorox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clorox's standard deviation. In reality, there are many statistical measures that can use Clorox historical prices to predict the future Clorox's volatility.| Risk Adjusted Performance | 0.1067 | |||
| Jensen Alpha | 0.1108 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 2.8 |
Clorox Backtested Returns
At this stage we consider Clorox Stock to be very steady. Clorox secures Sharpe Ratio (or Efficiency) of 0.0828, which signifies that the company had a 0.0828% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for The Clorox, which you can use to evaluate the volatility of the firm. Please confirm Clorox's Mean Deviation of 0.7143, semi deviation of 0.6493, and Risk Adjusted Performance of 0.1067 to double-check if the risk estimate we provide is consistent with the expected return of 0.0747%. Clorox has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0414, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clorox's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clorox is expected to be smaller as well. Clorox right now shows a risk of 0.9%. Please confirm Clorox standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Clorox will be following its price patterns.
Auto-correlation | 0.71 |
Good predictability
The Clorox has good predictability. Overlapping area represents the amount of predictability between Clorox time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Clorox price movement. The serial correlation of 0.71 indicates that around 71.0% of current Clorox price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 11.0 |
Clorox lagged returns against current returns
Autocorrelation, which is Clorox 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 Clorox's stock expected returns. We can calculate the autocorrelation of Clorox returns to help us make a trade decision. For example, suppose you find that Clorox 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 |
Clorox 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 Clorox stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clorox stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clorox stock over time.
Current vs Lagged Prices |
| Timeline |
Clorox Lagged Returns
When evaluating Clorox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clorox stock have on its future price. Clorox 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, Clorox autocorrelation shows the relationship between Clorox stock current value and its past values and can show if there is a momentum factor associated with investing in The Clorox.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Clorox Stock Analysis
When running Clorox's price analysis, check to measure Clorox'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 Clorox is operating at the current time. Most of Clorox's value examination focuses on studying past and present price action to predict the probability of Clorox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clorox's price. Additionally, you may evaluate how the addition of Clorox to your portfolios can decrease your overall portfolio volatility.