CleanTech Lithium (UK) Market Value
| CTL Stock | 18.75 0.75 3.85% |
| Symbol | CleanTech |
CleanTech Lithium '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 CleanTech Lithium'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 CleanTech Lithium.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in CleanTech Lithium on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding CleanTech Lithium plc or generate 0.0% return on investment in CleanTech Lithium over 90 days. CleanTech Lithium is related to or competes with Givaudan, and Central Asia. CleanTech Lithium is entity of United Kingdom More
CleanTech Lithium 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 CleanTech Lithium'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 CleanTech Lithium plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 29.23 | |||
| Value At Risk | (6.49) | |||
| Potential Upside | 7.69 |
CleanTech Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CleanTech Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CleanTech Lithium's standard deviation. In reality, there are many statistical measures that can use CleanTech Lithium historical prices to predict the future CleanTech Lithium's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.94) | |||
| Total Risk Alpha | (1.54) | |||
| Treynor Ratio | (0.79) |
CleanTech Lithium plc Backtested Returns
CleanTech Lithium plc secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of standard deviation over the last 3 months. CleanTech Lithium plc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CleanTech Lithium's risk adjusted performance of (0.13), and Mean Deviation of 2.95 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.03, which signifies a somewhat significant risk relative to the market. CleanTech Lithium returns are very sensitive to returns on the market. As the market goes up or down, CleanTech Lithium is expected to follow. At this point, CleanTech Lithium plc has a negative expected return of -0.86%. Please make sure to confirm CleanTech Lithium's coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if CleanTech Lithium plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
CleanTech Lithium plc has very weak predictability. Overlapping area represents the amount of predictability between CleanTech Lithium time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 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 CleanTech Lithium plc price movement. The serial correlation of 0.17 indicates that over 17.0% of current CleanTech Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.72 |
CleanTech Lithium plc lagged returns against current returns
Autocorrelation, which is CleanTech Lithium 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 CleanTech Lithium's stock expected returns. We can calculate the autocorrelation of CleanTech Lithium returns to help us make a trade decision. For example, suppose you find that CleanTech Lithium 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 |
CleanTech Lithium 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 CleanTech Lithium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CleanTech Lithium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CleanTech Lithium stock over time.
Current vs Lagged Prices |
| Timeline |
CleanTech Lithium Lagged Returns
When evaluating CleanTech Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CleanTech Lithium stock have on its future price. CleanTech Lithium 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, CleanTech Lithium autocorrelation shows the relationship between CleanTech Lithium stock current value and its past values and can show if there is a momentum factor associated with investing in CleanTech Lithium plc.
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.Other Information on Investing in CleanTech Stock
CleanTech Lithium financial ratios help investors to determine whether CleanTech 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 CleanTech with respect to the benefits of owning CleanTech Lithium security.