CLEAR CHANNEL (Germany) Market Value
| C7C1 Stock | EUR 1.32 0.05 3.65% |
| Symbol | CLEAR |
CLEAR CHANNEL '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 CLEAR CHANNEL'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 CLEAR CHANNEL.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in CLEAR CHANNEL on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding CLEAR CHANNEL OHA or generate 0.0% return on investment in CLEAR CHANNEL over 720 days. CLEAR CHANNEL is related to or competes with Carsales, Park Hotels, CARSALESCOM, MIRAMAR HOTEL, Meli Hotels, PPHE HOTEL, and MHP Hotel. Clear Channel Outdoor Holdings, Inc. owns, operates, and sells advertising displays in the United States and internation... More
CLEAR CHANNEL 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 CLEAR CHANNEL'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 CLEAR CHANNEL OHA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 14.3 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.29 |
CLEAR CHANNEL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CLEAR CHANNEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CLEAR CHANNEL's standard deviation. In reality, there are many statistical measures that can use CLEAR CHANNEL historical prices to predict the future CLEAR CHANNEL's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (1.56) |
CLEAR CHANNEL OHA Backtested Returns
CLEAR CHANNEL OHA secures Sharpe Ratio (or Efficiency) of -0.0671, which signifies that the company had a -0.0671% return per unit of risk over the last 3 months. CLEAR CHANNEL OHA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CLEAR CHANNEL's Risk Adjusted Performance of (0.02), mean deviation of 1.9, and Standard Deviation of 2.63 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0577, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CLEAR CHANNEL's returns are expected to increase less than the market. However, during the bear market, the loss of holding CLEAR CHANNEL is expected to be smaller as well. At this point, CLEAR CHANNEL OHA has a negative expected return of -0.18%. Please make sure to confirm CLEAR CHANNEL's mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance , to decide if CLEAR CHANNEL OHA performance from the past will be repeated in the future.
Auto-correlation | 0.32 |
Below average predictability
CLEAR CHANNEL OHA has below average predictability. Overlapping area represents the amount of predictability between CLEAR CHANNEL time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 CLEAR CHANNEL OHA price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current CLEAR CHANNEL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CLEAR CHANNEL OHA lagged returns against current returns
Autocorrelation, which is CLEAR CHANNEL 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 CLEAR CHANNEL's stock expected returns. We can calculate the autocorrelation of CLEAR CHANNEL returns to help us make a trade decision. For example, suppose you find that CLEAR CHANNEL 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 |
| Timeline |
CLEAR CHANNEL 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 CLEAR CHANNEL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CLEAR CHANNEL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CLEAR CHANNEL stock over time.
Current vs Lagged Prices |
| Timeline |
CLEAR CHANNEL Lagged Returns
When evaluating CLEAR CHANNEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CLEAR CHANNEL stock have on its future price. CLEAR CHANNEL 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, CLEAR CHANNEL autocorrelation shows the relationship between CLEAR CHANNEL stock current value and its past values and can show if there is a momentum factor associated with investing in CLEAR CHANNEL OHA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CLEAR Stock
CLEAR CHANNEL financial ratios help investors to determine whether CLEAR Stock 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 CLEAR with respect to the benefits of owning CLEAR CHANNEL security.