Clearfield Stock Market Value
| CLFD Stock | USD 34.74 3.06 8.10% |
| Symbol | Clearfield |
Clearfield Price To Book Ratio
Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clearfield. If investors know Clearfield will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clearfield listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Earnings Share (0.85) | Revenue Per Share | Quarterly Revenue Growth (0.06) | Return On Assets |
The market value of Clearfield is measured differently than its book value, which is the value of Clearfield that is recorded on the company's balance sheet. Investors also form their own opinion of Clearfield's value that differs from its market value or its book value, called intrinsic value, which is Clearfield's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clearfield's market value can be influenced by many factors that don't directly affect Clearfield's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clearfield's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearfield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearfield's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Clearfield '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 Clearfield'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 Clearfield.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Clearfield on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Clearfield or generate 0.0% return on investment in Clearfield over 150 days. Clearfield is related to or competes with Comtech Telecommunicatio, Knowles Cor, Extreme Networks, KVH Industries, NETGEAR, Harmonic, and Juniper Networks. Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-... More
Clearfield 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 Clearfield'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 Clearfield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.28 | |||
| Value At Risk | (6.69) | |||
| Potential Upside | 4.73 |
Clearfield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearfield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearfield's standard deviation. In reality, there are many statistical measures that can use Clearfield historical prices to predict the future Clearfield's volatility.| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.04) |
Clearfield Backtested Returns
At this point, Clearfield is very steady. Clearfield secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Clearfield, which you can use to evaluate the volatility of the firm. Please confirm Clearfield's mean deviation of 2.37, and Risk Adjusted Performance of 0.0023 to double-check if the risk estimate we provide is consistent with the expected return of 0.0164%. The firm shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clearfield's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clearfield is expected to be smaller as well. Clearfield right now shows a risk of 3.26%. Please confirm Clearfield potential upside, day median price, and the relationship between the total risk alpha and accumulation distribution , to decide if Clearfield will be following its price patterns.
Auto-correlation | -0.38 |
Poor reverse predictability
Clearfield has poor reverse predictability. Overlapping area represents the amount of predictability between Clearfield time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Clearfield price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Clearfield price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 11.51 |
Clearfield lagged returns against current returns
Autocorrelation, which is Clearfield 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 Clearfield's stock expected returns. We can calculate the autocorrelation of Clearfield returns to help us make a trade decision. For example, suppose you find that Clearfield 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 |
Clearfield 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 Clearfield stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearfield stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clearfield stock over time.
Current vs Lagged Prices |
| Timeline |
Clearfield Lagged Returns
When evaluating Clearfield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearfield stock have on its future price. Clearfield 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, Clearfield autocorrelation shows the relationship between Clearfield stock current value and its past values and can show if there is a momentum factor associated with investing in Clearfield.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Clearfield is a strong investment it is important to analyze Clearfield's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Clearfield's future performance. For an informed investment choice regarding Clearfield Stock, refer to the following important reports:Check out Clearfield Correlation, Clearfield Volatility and Clearfield Alpha and Beta module to complement your research on Clearfield. For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Clearfield technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.