Credit Clear (Australia) Market Value
| CCR Stock | 0.35 0.02 5.41% |
| Symbol | Credit |
Credit Clear '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 Credit Clear'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 Credit Clear.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Credit Clear on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Credit Clear or generate 0.0% return on investment in Credit Clear over 30 days. Credit Clear is related to or competes with Thorney Technologies, Richmond Vanadium, Mach7 Technologies, Aurelia Metals, Macquarie Technology, and Readytech Holdings. Credit Clear is entity of Australia. It is traded as Stock on AU exchange. More
Credit Clear 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 Credit Clear'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 Credit Clear upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.1092 | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 6.67 |
Credit Clear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Credit Clear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Credit Clear's standard deviation. In reality, there are many statistical measures that can use Credit Clear historical prices to predict the future Credit Clear's volatility.| Risk Adjusted Performance | 0.1235 | |||
| Jensen Alpha | 0.383 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0874 | |||
| Treynor Ratio | 0.7184 |
Credit Clear Backtested Returns
Credit Clear appears to be abnormally volatile, given 3 months investment horizon. Credit Clear secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Credit Clear, which you can use to evaluate the volatility of the firm. Please makes use of Credit Clear's mean deviation of 2.3, and Risk Adjusted Performance of 0.1235 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Credit Clear holds a performance score of 9. The firm shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Credit Clear's returns are expected to increase less than the market. However, during the bear market, the loss of holding Credit Clear is expected to be smaller as well. Please check Credit Clear's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Credit Clear's price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Credit Clear has insignificant reverse predictability. Overlapping area represents the amount of predictability between Credit Clear time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Credit Clear price movement. The serial correlation of -0.17 indicates that over 17.0% of current Credit Clear price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Credit Clear lagged returns against current returns
Autocorrelation, which is Credit Clear 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 Credit Clear's stock expected returns. We can calculate the autocorrelation of Credit Clear returns to help us make a trade decision. For example, suppose you find that Credit Clear 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 |
Credit Clear 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 Credit Clear stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Credit Clear stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Credit Clear stock over time.
Current vs Lagged Prices |
| Timeline |
Credit Clear Lagged Returns
When evaluating Credit Clear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Credit Clear stock have on its future price. Credit Clear 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, Credit Clear autocorrelation shows the relationship between Credit Clear stock current value and its past values and can show if there is a momentum factor associated with investing in Credit Clear.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Credit Stock Analysis
When running Credit Clear's price analysis, check to measure Credit Clear'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 Credit Clear is operating at the current time. Most of Credit Clear's value examination focuses on studying past and present price action to predict the probability of Credit Clear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Credit Clear's price. Additionally, you may evaluate how the addition of Credit Clear to your portfolios can decrease your overall portfolio volatility.