Concrete Leveling Systems Stock Market Value
| CLEV Stock | USD 0.64 0.01 1.54% |
| Symbol | Concrete |
Concrete Leveling '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 Concrete Leveling's pink sheet 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 Concrete Leveling.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Concrete Leveling on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Concrete Leveling Systems or generate 0.0% return on investment in Concrete Leveling over 30 days. Concrete Leveling is related to or competes with Buhler Industries, CEA Industries, Urban Gro, Xos, Nikola Corp, Hydrofarm Holdings, and Deere. Concrete Leveling Systems, Inc. manufactures and sells specialized equipment for end users in the concrete leveling indu... More
Concrete Leveling 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 Concrete Leveling's pink sheet 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 Concrete Leveling Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.7 | |||
| Information Ratio | 0.1617 | |||
| Maximum Drawdown | 92.86 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 26.67 |
Concrete Leveling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concrete Leveling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concrete Leveling's standard deviation. In reality, there are many statistical measures that can use Concrete Leveling historical prices to predict the future Concrete Leveling's volatility.| Risk Adjusted Performance | 0.1393 | |||
| Jensen Alpha | 2.41 | |||
| Total Risk Alpha | 0.1952 | |||
| Sortino Ratio | 0.1521 | |||
| Treynor Ratio | 0.6408 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Concrete Leveling's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Concrete Leveling Systems Backtested Returns
Concrete Leveling is out of control given 3 months investment horizon. Concrete Leveling Systems secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.98% are justified by taking the suggested risk. Use Concrete Leveling Mean Deviation of 8.36, downside deviation of 18.7, and Risk Adjusted Performance of 0.1393 to evaluate company specific risk that cannot be diversified away. Concrete Leveling holds a performance score of 13 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 4.63, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Concrete Leveling will likely underperform. Use Concrete Leveling treynor ratio and the relationship between the semi variance and relative strength index , to analyze future returns on Concrete Leveling.
Auto-correlation | -0.28 |
Weak reverse predictability
Concrete Leveling Systems has weak reverse predictability. Overlapping area represents the amount of predictability between Concrete Leveling time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 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 Concrete Leveling Systems price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Concrete Leveling price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Concrete Leveling Systems lagged returns against current returns
Autocorrelation, which is Concrete Leveling pink sheet'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 Concrete Leveling's pink sheet expected returns. We can calculate the autocorrelation of Concrete Leveling returns to help us make a trade decision. For example, suppose you find that Concrete Leveling has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Concrete Leveling 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 Concrete Leveling pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concrete Leveling pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concrete Leveling pink sheet over time.
Current vs Lagged Prices |
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Concrete Leveling Lagged Returns
When evaluating Concrete Leveling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concrete Leveling pink sheet have on its future price. Concrete Leveling 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, Concrete Leveling autocorrelation shows the relationship between Concrete Leveling pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Concrete Leveling Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Concrete Pink Sheet Analysis
When running Concrete Leveling's price analysis, check to measure Concrete Leveling'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 Concrete Leveling is operating at the current time. Most of Concrete Leveling's value examination focuses on studying past and present price action to predict the probability of Concrete Leveling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concrete Leveling's price. Additionally, you may evaluate how the addition of Concrete Leveling to your portfolios can decrease your overall portfolio volatility.