CLEARWATER PAPER P Market Value
| 18538RAJ2 | 89.38 4.15 4.44% |
| Symbol | CLEARWATER |
CLEARWATER '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 CLEARWATER'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 CLEARWATER.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in CLEARWATER on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding CLEARWATER PAPER P or generate 0.0% return on investment in CLEARWATER over 30 days. CLEARWATER is related to or competes with 00108WAF7, 90331HPL1, Applied Blockchain, BigBearai Holdings, InMode, Sprott Focus, and IONQ. More
CLEARWATER 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 CLEARWATER'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 CLEARWATER PAPER P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.19 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.6524 |
CLEARWATER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CLEARWATER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CLEARWATER's standard deviation. In reality, there are many statistical measures that can use CLEARWATER historical prices to predict the future CLEARWATER's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 6.27 |
CLEARWATER PAPER P Backtested Returns
CLEARWATER PAPER P secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the bond had a -0.1% return per unit of risk over the last 3 months. CLEARWATER PAPER P exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CLEARWATER's Standard Deviation of 0.7797, mean deviation of 0.4244, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0107, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CLEARWATER are expected to decrease at a much lower rate. During the bear market, CLEARWATER is likely to outperform the market.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
CLEARWATER PAPER P has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CLEARWATER time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 CLEARWATER PAPER P price movement. The serial correlation of -0.72 indicates that around 72.0% of current CLEARWATER price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
CLEARWATER PAPER P lagged returns against current returns
Autocorrelation, which is CLEARWATER 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 CLEARWATER's bond expected returns. We can calculate the autocorrelation of CLEARWATER returns to help us make a trade decision. For example, suppose you find that CLEARWATER 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 |
CLEARWATER 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 CLEARWATER bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CLEARWATER bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CLEARWATER bond over time.
Current vs Lagged Prices |
| Timeline |
CLEARWATER Lagged Returns
When evaluating CLEARWATER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CLEARWATER bond have on its future price. CLEARWATER 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, CLEARWATER autocorrelation shows the relationship between CLEARWATER bond current value and its past values and can show if there is a momentum factor associated with investing in CLEARWATER PAPER P.
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 CLEARWATER Bond
CLEARWATER financial ratios help investors to determine whether CLEARWATER 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 CLEARWATER with respect to the benefits of owning CLEARWATER security.