Clearsign Combustion Stock Market Value
| CLIR Stock | USD 1.13 0.16 16.49% |
| Symbol | ClearSign |
ClearSign Combustion Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 ClearSign Combustion. If investors know ClearSign 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 ClearSign Combustion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.11) | Revenue Per Share 0.061 | Quarterly Revenue Growth (0.70) | Return On Assets (0.27) | Return On Equity (0.46) |
The market value of ClearSign Combustion is measured differently than its book value, which is the value of ClearSign that is recorded on the company's balance sheet. Investors also form their own opinion of ClearSign Combustion's value that differs from its market value or its book value, called intrinsic value, which is ClearSign Combustion'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 ClearSign Combustion's market value can be influenced by many factors that don't directly affect ClearSign Combustion'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 ClearSign Combustion's value and its price as these two are different measures arrived at by different means. Investors typically determine if ClearSign Combustion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ClearSign Combustion'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.
ClearSign Combustion '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 ClearSign Combustion'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 ClearSign Combustion.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ClearSign Combustion on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ClearSign Combustion or generate 0.0% return on investment in ClearSign Combustion over 30 days. ClearSign Combustion is related to or competes with Urban One, Broadway Financial, Ideal Power, Carver Bancorp, and Urban One. ClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, en... More
ClearSign Combustion 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 ClearSign Combustion'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 ClearSign Combustion upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | 0.1269 | |||
| Maximum Drawdown | 27.07 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 8.24 |
ClearSign Combustion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ClearSign Combustion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ClearSign Combustion's standard deviation. In reality, there are many statistical measures that can use ClearSign Combustion historical prices to predict the future ClearSign Combustion's volatility.| Risk Adjusted Performance | 0.1213 | |||
| Jensen Alpha | 0.719 | |||
| Total Risk Alpha | 0.081 | |||
| Sortino Ratio | 0.1714 | |||
| Treynor Ratio | 1.83 |
ClearSign Combustion Backtested Returns
ClearSign Combustion appears to be very risky, given 3 months investment horizon. ClearSign Combustion secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. By analyzing ClearSign Combustion's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of ClearSign Combustion's mean deviation of 3.87, and Risk Adjusted Performance of 0.1213 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ClearSign Combustion holds a performance score of 11. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ClearSign Combustion's returns are expected to increase less than the market. However, during the bear market, the loss of holding ClearSign Combustion is expected to be smaller as well. Please check ClearSign Combustion's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether ClearSign Combustion's price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
ClearSign Combustion has weak predictability. Overlapping area represents the amount of predictability between ClearSign Combustion time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 ClearSign Combustion price movement. The serial correlation of 0.2 indicates that over 20.0% of current ClearSign Combustion price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ClearSign Combustion lagged returns against current returns
Autocorrelation, which is ClearSign Combustion 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 ClearSign Combustion's stock expected returns. We can calculate the autocorrelation of ClearSign Combustion returns to help us make a trade decision. For example, suppose you find that ClearSign Combustion 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 |
ClearSign Combustion 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 ClearSign Combustion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ClearSign Combustion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ClearSign Combustion stock over time.
Current vs Lagged Prices |
| Timeline |
ClearSign Combustion Lagged Returns
When evaluating ClearSign Combustion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ClearSign Combustion stock have on its future price. ClearSign Combustion 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, ClearSign Combustion autocorrelation shows the relationship between ClearSign Combustion stock current value and its past values and can show if there is a momentum factor associated with investing in ClearSign Combustion.
Regressed Prices |
| Timeline |
Pair Trading with ClearSign Combustion
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ClearSign Combustion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ClearSign Combustion will appreciate offsetting losses from the drop in the long position's value.Moving together with ClearSign Stock
| 0.67 | EHGO | Eshallgo Class A | PairCorr |
| 0.78 | CSCO | Cisco Systems | PairCorr |
| 0.77 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against ClearSign Stock
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.69 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.69 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.42 | PG | Procter Gamble | PairCorr |
The ability to find closely correlated positions to ClearSign Combustion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ClearSign Combustion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ClearSign Combustion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ClearSign Combustion to buy it.
The correlation of ClearSign Combustion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ClearSign Combustion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ClearSign Combustion moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ClearSign Combustion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for ClearSign Stock Analysis
When running ClearSign Combustion's price analysis, check to measure ClearSign Combustion'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 ClearSign Combustion is operating at the current time. Most of ClearSign Combustion's value examination focuses on studying past and present price action to predict the probability of ClearSign Combustion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ClearSign Combustion's price. Additionally, you may evaluate how the addition of ClearSign Combustion to your portfolios can decrease your overall portfolio volatility.