Cleen Energy (Austria) Market Value
| CLEN Stock | EUR 0.42 0.09 17.65% |
| Symbol | Cleen |
Cleen Energy '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 Cleen Energy'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 Cleen Energy.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Cleen Energy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cleen Energy AG or generate 0.0% return on investment in Cleen Energy over 30 days. Cleen Energy is related to or competes with RATH Aktiengesellscha, Semperit Aktiengesellscha, Telekom Austria, Oesterr Post, Warimpex Finanz, Anheuser Busch, and Burgenland Holding. CLEEN ENERGY is traded on Vienna Stock Exchange in Austria. More
Cleen Energy 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 Cleen Energy'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 Cleen Energy AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 57.93 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 18.18 |
Cleen Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleen Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleen Energy's standard deviation. In reality, there are many statistical measures that can use Cleen Energy historical prices to predict the future Cleen Energy's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.73) | |||
| Total Risk Alpha | (2.61) | |||
| Treynor Ratio | 0.6501 |
Cleen Energy AG Backtested Returns
Cleen Energy AG secures Sharpe Ratio (or Efficiency) of -0.0721, which signifies that the company had a -0.0721% return per unit of standard deviation over the last 3 months. Cleen Energy AG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cleen Energy's mean deviation of 6.96, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.38, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Cleen Energy are expected to decrease by larger amounts. On the other hand, during market turmoil, Cleen Energy is expected to outperform it. At this point, Cleen Energy AG has a negative expected return of -0.79%. Please make sure to confirm Cleen Energy's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Cleen Energy AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Cleen Energy AG has no correlation between past and present. Overlapping area represents the amount of predictability between Cleen Energy 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 Cleen Energy AG price movement. The serial correlation of 0.0 indicates that just 0.0% of current Cleen Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cleen Energy AG lagged returns against current returns
Autocorrelation, which is Cleen Energy 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 Cleen Energy's stock expected returns. We can calculate the autocorrelation of Cleen Energy returns to help us make a trade decision. For example, suppose you find that Cleen Energy 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 |
Cleen Energy 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 Cleen Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleen Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cleen Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Cleen Energy Lagged Returns
When evaluating Cleen Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleen Energy stock have on its future price. Cleen Energy 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, Cleen Energy autocorrelation shows the relationship between Cleen Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Cleen Energy AG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cleen Stock
Cleen Energy financial ratios help investors to determine whether Cleen 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 Cleen with respect to the benefits of owning Cleen Energy security.