Critic Clothing Stock Market Value
| DGWR Stock | USD 0.04 0.01 22.00% |
| Symbol | Critic |
Critic Clothing '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 Critic Clothing's 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 Critic Clothing.
| 10/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Critic Clothing on October 4, 2024 and sell it all today you would earn a total of 0.00 from holding Critic Clothing or generate 0.0% return on investment in Critic Clothing over 60 days. Critic Clothing is related to or competes with Republic Services, Waste Connections, Clean Harbors, Gfl Environmental, and Casella Waste. Deep Green Waste Recycling, Inc. operates as a waste and recycling company that engages in designing and managing waste ... More
Critic Clothing 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 Critic Clothing's 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 Critic Clothing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 31.91 | |||
| Information Ratio | 0.0921 | |||
| Maximum Drawdown | 139.44 | |||
| Value At Risk | (36.33) | |||
| Potential Upside | 61.04 |
Critic Clothing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Critic Clothing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Critic Clothing's standard deviation. In reality, there are many statistical measures that can use Critic Clothing historical prices to predict the future Critic Clothing's volatility.| Risk Adjusted Performance | 0.0836 | |||
| Jensen Alpha | 2.38 | |||
| Total Risk Alpha | (1.44) | |||
| Sortino Ratio | 0.0779 | |||
| Treynor Ratio | 1.37 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Critic Clothing's 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.
Critic Clothing Backtested Returns
Critic Clothing is out of control given 3 months investment horizon. Critic Clothing secures Sharpe Ratio (or Efficiency) of 0.0982, which signifies that the company had a 0.0982% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.69% are justified by taking the suggested risk. Use Critic Clothing Mean Deviation of 16.07, risk adjusted performance of 0.0836, and Downside Deviation of 31.91 to evaluate company specific risk that cannot be diversified away. Critic Clothing holds a performance score of 7 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.89, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Critic Clothing will likely underperform. Use Critic Clothing sortino ratio, as well as the relationship between the semi variance and day median price , to analyze future returns on Critic Clothing.
Auto-correlation | -0.31 |
Poor reverse predictability
Critic Clothing has poor reverse predictability. Overlapping area represents the amount of predictability between Critic Clothing time series from 4th of October 2024 to 3rd of November 2024 and 3rd of November 2024 to 3rd 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 Critic Clothing price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Critic Clothing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Critic Clothing lagged returns against current returns
Autocorrelation, which is Critic Clothing 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 Critic Clothing's otc stock expected returns. We can calculate the autocorrelation of Critic Clothing returns to help us make a trade decision. For example, suppose you find that Critic Clothing 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 |
Critic Clothing 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 Critic Clothing otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Critic Clothing otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Critic Clothing otc stock over time.
Current vs Lagged Prices |
| Timeline |
Critic Clothing Lagged Returns
When evaluating Critic Clothing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Critic Clothing otc stock have on its future price. Critic Clothing 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, Critic Clothing autocorrelation shows the relationship between Critic Clothing otc stock current value and its past values and can show if there is a momentum factor associated with investing in Critic Clothing.
Regressed Prices |
| Timeline |
Pair Trading with Critic Clothing
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 Critic Clothing 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 Critic Clothing will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Critic Clothing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Critic Clothing 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 Critic Clothing - 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 Critic Clothing to buy it.
The correlation of Critic Clothing 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 Critic Clothing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Critic Clothing 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 Critic Clothing 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.Additional Tools for Critic OTC Stock Analysis
When running Critic Clothing's price analysis, check to measure Critic Clothing'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 Critic Clothing is operating at the current time. Most of Critic Clothing's value examination focuses on studying past and present price action to predict the probability of Critic Clothing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Critic Clothing's price. Additionally, you may evaluate how the addition of Critic Clothing to your portfolios can decrease your overall portfolio volatility.