CLEANTECH LITH (Germany) Market Value
| T2N Stock | 0.21 0.00 0.00% |
| Symbol | CLEANTECH |
CLEANTECH LITH '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 LITH'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 LITH.
| 09/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in CLEANTECH LITH on September 19, 2024 and sell it all today you would earn a total of 0.00 from holding CLEANTECH LITH LS or generate 0.0% return on investment in CLEANTECH LITH over 90 days.
CLEANTECH LITH 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 LITH'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 LITH LS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 42.39 | |||
| Value At Risk | (16.00) | |||
| Potential Upside | 14.29 |
CLEANTECH LITH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CLEANTECH LITH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CLEANTECH LITH's standard deviation. In reality, there are many statistical measures that can use CLEANTECH LITH historical prices to predict the future CLEANTECH LITH's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.62) | |||
| Total Risk Alpha | (1.09) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CLEANTECH LITH'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.
CLEANTECH LITH LS Backtested Returns
CLEANTECH LITH LS secures Sharpe Ratio (or Efficiency) of -0.0571, which signifies that the company had a -0.0571% return per unit of risk over the last 3 months. CLEANTECH LITH LS exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CLEANTECH LITH's Standard Deviation of 7.99, mean deviation of 4.65, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.8, 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, CLEANTECH LITH will likely underperform. At this point, CLEANTECH LITH LS has a negative expected return of -0.46%. Please make sure to confirm CLEANTECH LITH's information ratio and the relationship between the value at risk and day typical price , to decide if CLEANTECH LITH LS performance from the past will be repeated in the future.
Auto-correlation | 0.08 |
Virtually no predictability
CLEANTECH LITH LS has virtually no predictability. Overlapping area represents the amount of predictability between CLEANTECH LITH time series from 19th of September 2024 to 3rd of November 2024 and 3rd of November 2024 to 18th 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 LITH LS price movement. The serial correlation of 0.08 indicates that barely 8.0% of current CLEANTECH LITH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CLEANTECH LITH LS lagged returns against current returns
Autocorrelation, which is CLEANTECH LITH 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 LITH's stock expected returns. We can calculate the autocorrelation of CLEANTECH LITH returns to help us make a trade decision. For example, suppose you find that CLEANTECH LITH 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 |
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CLEANTECH LITH 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 LITH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CLEANTECH LITH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CLEANTECH LITH stock over time.
Current vs Lagged Prices |
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CLEANTECH LITH Lagged Returns
When evaluating CLEANTECH LITH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CLEANTECH LITH stock have on its future price. CLEANTECH LITH 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 LITH autocorrelation shows the relationship between CLEANTECH LITH stock current value and its past values and can show if there is a momentum factor associated with investing in CLEANTECH LITH LS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CLEANTECH Stock Analysis
When running CLEANTECH LITH's price analysis, check to measure CLEANTECH LITH'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 CLEANTECH LITH is operating at the current time. Most of CLEANTECH LITH's value examination focuses on studying past and present price action to predict the probability of CLEANTECH LITH's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CLEANTECH LITH's price. Additionally, you may evaluate how the addition of CLEANTECH LITH to your portfolios can decrease your overall portfolio volatility.