Clover Health Investments Stock Price on October 17, 2024
| CLOV Stock | USD 3.42 0.02 0.59% |
If you're considering investing in Clover Stock, it is important to understand the factors that can impact its price. As of today, the current price of Clover Health stands at 3.42, as last reported on the 29th of November, with the highest price reaching 3.48 and the lowest price hitting 3.35 during the day. Clover Health appears to be very risky, given 3 months investment horizon. Clover Health Investments secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. By analyzing Clover Health's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please makes use of Clover Health's Mean Deviation of 3.36, downside deviation of 5.09, and Risk Adjusted Performance of 0.0844 to double-check if our risk estimates are consistent with your expectations.
Clover Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Clover |
Sharpe Ratio = 0.1142
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Estimated Market Risk
| 5.67 actual daily | 50 50% of assets are less volatile |
Expected Return
| 0.65 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Clover Health is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Clover Health by adding it to a well-diversified portfolio.
Clover Health Valuation on October 17, 2024
It is possible to determine the worth of Clover Health on a given historical date. On October 17, 2024 Clover was worth 4.46 at the beginning of the trading date compared to the closed value of 4.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Clover Health stock. Still, in general, we apply an absolute valuation method to find Clover Health's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Clover Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Clover Health's related companies.
| Open | High | Low | Close | Volume | |
| 4.19 | 4.28 | 4.10 | 4.26 | 6,811,597 | |
10/17/2024 | 4.46 | 4.71 | 4.15 | 4.18 | 17,341,800 |
| 4.18 | 4.30 | 3.97 | 4.00 | 8,266,461 |
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Clover Health Trading Date Momentum on October 17, 2024
| On October 18 2024 Clover Health Investments was traded for 4.00 at the closing time. The top price for the day was 4.30 and the lowest listed price was 3.97 . The trading volume for the day was 8.3 M. The trading history from October 18, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 4.31% . The overall trading delta against the current closing price is 4.07% . |
Clover Health Investments Fundamentals Correlations and Trends
By evaluating Clover Health's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Clover Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Clover financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Clover Health Stock history
Clover Health investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Clover is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Clover Health Investments will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Clover Health stock prices may prove useful in developing a viable investing in Clover Health
Clover Health Investments, Corp. operates as a medicare advantage insurer in the United States. Clover Health Investments, Corp. was incorporated in 2014 and is based in Franklin, Tennessee. Clover Health operates under Healthcare Plans classification in the United States and is traded on NASDAQ Exchange. It employs 680 people.
Clover Health Stock Technical Analysis
Clover Health technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Clover Health Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Clover Health Investments cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Clover Health November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Clover Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Clover Health shares will generate the highest return on investment. By undertsting and applying Clover Health stock market strength indicators, traders can identify Clover Health Investments entry and exit signals to maximize returns
Clover Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Clover Health's price direction in advance. Along with the technical and fundamental analysis of Clover Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Clover to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0844 | |||
| Jensen Alpha | 0.87 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0854 | |||
| Treynor Ratio | (0.20) |
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Additional Tools for Clover Stock Analysis
When running Clover Health's price analysis, check to measure Clover Health'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 Clover Health is operating at the current time. Most of Clover Health's value examination focuses on studying past and present price action to predict the probability of Clover Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clover Health's price. Additionally, you may evaluate how the addition of Clover Health to your portfolios can decrease your overall portfolio volatility.