Clean Motion (Sweden) Market Value
| CLEMO Stock | SEK 0.34 0.02 5.56% |
| Symbol | Clean |
Clean Motion '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 Motion'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 Clean Motion.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Clean Motion on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Clean Motion AB or generate 0.0% return on investment in Clean Motion over 720 days. Clean Motion is related to or competes with Volvo Car, KABE Group, IAR Systems, Norva24 Group, Clinical Laserthermia, EEducation Albert, and Lipum AB. Clean Motion AB develops and manufactures electric vehicles More
Clean Motion 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 Motion'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 Clean Motion AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 40.0 | |||
| Value At Risk | (10.20) | |||
| Potential Upside | 5.08 |
Clean Motion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clean Motion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clean Motion's standard deviation. In reality, there are many statistical measures that can use Clean Motion historical prices to predict the future Clean Motion's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (1.34) | |||
| Total Risk Alpha | (2.26) | |||
| Treynor Ratio | (5.41) |
Clean Motion AB Backtested Returns
Clean Motion AB secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had a -0.21% return per unit of standard deviation over the last 3 months. Clean Motion AB exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clean Motion's mean deviation of 3.96, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clean Motion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clean Motion is expected to be smaller as well. At this point, Clean Motion AB has a negative expected return of -1.27%. Please make sure to confirm Clean Motion's total risk alpha and the relationship between the skewness and relative strength index , to decide if Clean Motion AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Clean Motion AB has weak predictability. Overlapping area represents the amount of predictability between Clean Motion time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Clean Motion AB price movement. The serial correlation of 0.2 indicates that over 20.0% of current Clean Motion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Clean Motion AB lagged returns against current returns
Autocorrelation, which is Clean Motion 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 Clean Motion's stock expected returns. We can calculate the autocorrelation of Clean Motion returns to help us make a trade decision. For example, suppose you find that Clean Motion 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 |
Clean Motion 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 Motion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clean Motion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clean Motion stock over time.
Current vs Lagged Prices |
| Timeline |
Clean Motion Lagged Returns
When evaluating Clean Motion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clean Motion stock have on its future price. Clean Motion 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 Motion autocorrelation shows the relationship between Clean Motion stock current value and its past values and can show if there is a momentum factor associated with investing in Clean Motion AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Clean Stock Analysis
When running Clean Motion's price analysis, check to measure Clean Motion'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 Clean Motion is operating at the current time. Most of Clean Motion's value examination focuses on studying past and present price action to predict the probability of Clean Motion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clean Motion's price. Additionally, you may evaluate how the addition of Clean Motion to your portfolios can decrease your overall portfolio volatility.