CleanGo Innovations' market value is the price at which a share of CleanGo Innovations trades on a public exchange. It measures the collective expectations of CleanGo Innovations investors about its performance. CleanGo Innovations is trading at 0.25 as of the 11th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.25. With this module, you can estimate the performance of a buy and hold strategy of CleanGo Innovations and determine expected loss or profit from investing in CleanGo Innovations over a given investment horizon. Check out CleanGo Innovations Correlation, CleanGo Innovations Volatility and CleanGo Innovations Alpha and Beta module to complement your research on CleanGo Innovations.
Please note, there is a significant difference between CleanGo Innovations' value and its price as these two are different measures arrived at by different means. Investors typically determine if CleanGo Innovations is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CleanGo Innovations' 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.
CleanGo Innovations '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 CleanGo Innovations' otc 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 CleanGo Innovations.
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12/12/2024
No Change 0.00
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In 31 days
01/11/2025
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If you would invest 0.00 in CleanGo Innovations on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding CleanGo Innovations or generate 0.0% return on investment in CleanGo Innovations over 30 days. CleanGo Innovations is related to or competes with Ispire Technology, Tower Semiconductor, Keurig Dr, Diageo PLC, CTS, Kulicke, and Renesas Electronics. CleanGo Innovations Inc. manufactures and sells non-toxic, biodegradable cleaning, disinfecting, and industrial solution... More
CleanGo Innovations 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 CleanGo Innovations' otc 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 CleanGo Innovations upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CleanGo Innovations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CleanGo Innovations' standard deviation. In reality, there are many statistical measures that can use CleanGo Innovations historical prices to predict the future CleanGo Innovations' volatility.
CleanGo Innovations secures Sharpe Ratio (or Efficiency) of -0.0369, which signifies that the company had a -0.0369% return per unit of standard deviation over the last 3 months. CleanGo Innovations exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CleanGo Innovations' risk adjusted performance of (0.02), and Mean Deviation of 0.6594 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CleanGo Innovations' returns are expected to increase less than the market. However, during the bear market, the loss of holding CleanGo Innovations is expected to be smaller as well. At this point, CleanGo Innovations has a negative expected return of -0.12%. Please make sure to confirm CleanGo Innovations' variance, as well as the relationship between the skewness and day typical price , to decide if CleanGo Innovations performance from the past will be repeated at some point in the near future.
Auto-correlation
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No correlation between past and present
CleanGo Innovations has no correlation between past and present. Overlapping area represents the amount of predictability between CleanGo Innovations time series from 12th of December 2024 to 27th of December 2024 and 27th of December 2024 to 11th 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 CleanGo Innovations price movement. The serial correlation of 0.0 indicates that just 0.0% of current CleanGo Innovations price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
-0.5
Residual Average
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Price Variance
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CleanGo Innovations lagged returns against current returns
Autocorrelation, which is CleanGo Innovations otc 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 CleanGo Innovations' otc stock expected returns. We can calculate the autocorrelation of CleanGo Innovations returns to help us make a trade decision. For example, suppose you find that CleanGo Innovations has exhibited high autocorrelation historically, and you observe that the otc 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
CleanGo Innovations 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 CleanGo Innovations otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CleanGo Innovations otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CleanGo Innovations otc stock over time.
Current vs Lagged Prices
Timeline
CleanGo Innovations Lagged Returns
When evaluating CleanGo Innovations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CleanGo Innovations otc stock have on its future price. CleanGo Innovations 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, CleanGo Innovations autocorrelation shows the relationship between CleanGo Innovations otc stock current value and its past values and can show if there is a momentum factor associated with investing in CleanGo Innovations.
Other Information on Investing in CleanGo OTC Stock
CleanGo Innovations financial ratios help investors to determine whether CleanGo OTC 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 CleanGo with respect to the benefits of owning CleanGo Innovations security.