Clearvue Technologies Limited Stock Market Value
| CVUEF Stock | USD 0.23 0.05 27.78% |
| Symbol | ClearVue |
ClearVue Technologies '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 ClearVue Technologies' otc 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 ClearVue Technologies.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in ClearVue Technologies on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding ClearVue Technologies Limited or generate 0.0% return on investment in ClearVue Technologies over 30 days. ClearVue Technologies is related to or competes with VivoPower International, SPI Energy, and Nextracker. ClearVue Technologies Limited, together with its subsidiaries, provides building integrated photovoltaic solutions in Au... More
ClearVue Technologies 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 ClearVue Technologies' otc 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 ClearVue Technologies Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 42.72 | |||
| Information Ratio | 0.123 | |||
| Maximum Drawdown | 119937.93 | |||
| Value At Risk | (28.57) | |||
| Potential Upside | 30.0 |
ClearVue Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ClearVue Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ClearVue Technologies' standard deviation. In reality, there are many statistical measures that can use ClearVue Technologies historical prices to predict the future ClearVue Technologies' volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 1824.64 | |||
| Total Risk Alpha | (182.74) | |||
| Sortino Ratio | 42.51 | |||
| Treynor Ratio | (22.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ClearVue Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ClearVue Technologies Backtested Returns
ClearVue Technologies is out of control given 3 months investment horizon. ClearVue Technologies secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 15.09% are justified by taking the suggested risk. Use ClearVue Technologies mean deviation of 3578.3, and Risk Adjusted Performance of 0.1039 to evaluate company specific risk that cannot be diversified away. ClearVue Technologies holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -82.29, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ClearVue Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, ClearVue Technologies is expected to outperform it. Use ClearVue Technologies downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to analyze future returns on ClearVue Technologies.
Auto-correlation | -0.29 |
Weak reverse predictability
ClearVue Technologies Limited has weak reverse predictability. Overlapping area represents the amount of predictability between ClearVue Technologies time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 ClearVue Technologies price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current ClearVue Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ClearVue Technologies lagged returns against current returns
Autocorrelation, which is ClearVue Technologies otc 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 ClearVue Technologies' otc stock expected returns. We can calculate the autocorrelation of ClearVue Technologies returns to help us make a trade decision. For example, suppose you find that ClearVue Technologies has exhibited high autocorrelation historically, and you observe that the otc 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 |
ClearVue Technologies 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 ClearVue Technologies otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ClearVue Technologies otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ClearVue Technologies otc stock over time.
Current vs Lagged Prices |
| Timeline |
ClearVue Technologies Lagged Returns
When evaluating ClearVue Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ClearVue Technologies otc stock have on its future price. ClearVue Technologies 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, ClearVue Technologies autocorrelation shows the relationship between ClearVue Technologies otc stock current value and its past values and can show if there is a momentum factor associated with investing in ClearVue Technologies Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ClearVue OTC Stock
ClearVue Technologies financial ratios help investors to determine whether ClearVue OTC 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 ClearVue with respect to the benefits of owning ClearVue Technologies security.