Clean Harbors 5125 Market Value
| 184496AP2 | 92.88 4.75 4.87% |
| Symbol | Clean |
Clean '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 Clean's bond 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 Clean.
| 09/17/2024 |
| 12/16/2024 |
If you would invest 0.00 in Clean on September 17, 2024 and sell it all today you would earn a total of 0.00 from holding Clean Harbors 5125 or generate 0.0% return on investment in Clean over 90 days. Clean is related to or competes with NRG Energy, Western Midstream, Vistra Energy, CenterPoint Energy, Transocean, and Enlight Renewable. More
Clean 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 Clean's bond 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 Clean Harbors 5125 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.3642 |
Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clean's standard deviation. In reality, there are many statistical measures that can use Clean historical prices to predict the future Clean's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.97) |
Clean Harbors 5125 Backtested Returns
Clean Harbors 5125 secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the bond had a -0.15% return per unit of standard deviation over the last 3 months. Clean Harbors 5125 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clean's risk adjusted performance of (0.09), and Mean Deviation of 0.2871 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0946, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clean's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clean is expected to be smaller as well.
Auto-correlation | 0.53 |
Modest predictability
Clean Harbors 5125 has modest predictability. Overlapping area represents the amount of predictability between Clean time series from 17th of September 2024 to 1st of November 2024 and 1st of November 2024 to 16th 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 Clean Harbors 5125 price movement. The serial correlation of 0.53 indicates that about 53.0% of current Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.6 |
Clean Harbors 5125 lagged returns against current returns
Autocorrelation, which is Clean bond'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 Clean's bond expected returns. We can calculate the autocorrelation of Clean returns to help us make a trade decision. For example, suppose you find that Clean has exhibited high autocorrelation historically, and you observe that the bond 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 |
Clean 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 Clean bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clean bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clean bond over time.
Current vs Lagged Prices |
| Timeline |
Clean Lagged Returns
When evaluating Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clean bond have on its future price. Clean 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, Clean autocorrelation shows the relationship between Clean bond current value and its past values and can show if there is a momentum factor associated with investing in Clean Harbors 5125.
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 Clean Bond
Clean financial ratios help investors to determine whether Clean Bond 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 Clean with respect to the benefits of owning Clean security.