Clene Inc Stock Market Value
| CLNN Stock | USD 3.88 0.20 4.90% |
| Symbol | Clene |
Clene Inc Price To Book Ratio
Is Biotechnology 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 Clene. If investors know Clene 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 Clene 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 0.614 | Earnings Share (5.29) | Revenue Per Share 0.069 | Quarterly Revenue Growth (0.66) | Return On Assets (0.42) |
The market value of Clene Inc is measured differently than its book value, which is the value of Clene that is recorded on the company's balance sheet. Investors also form their own opinion of Clene's value that differs from its market value or its book value, called intrinsic value, which is Clene'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 Clene's market value can be influenced by many factors that don't directly affect Clene'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 Clene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clene'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.
Clene '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 Clene'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 Clene.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Clene on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Clene Inc or generate 0.0% return on investment in Clene over 30 days. Clene is related to or competes with MediciNova, Eliem Therapeutics, Molecular Partners, Champions Oncology, Century Therapeutics, Kezar Life, and Mineralys Therapeutics,. Clene Inc., a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of nov... More
Clene 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 Clene'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 Clene Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 29.56 | |||
| Value At Risk | (9.06) | |||
| Potential Upside | 9.72 |
Clene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clene's standard deviation. In reality, there are many statistical measures that can use Clene historical prices to predict the future Clene's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (1.16) | |||
| Treynor Ratio | 3.37 |
Clene Inc Backtested Returns
Clene Inc secures Sharpe Ratio (or Efficiency) of -0.0599, which signifies that the company had a -0.0599% return per unit of standard deviation over the last 3 months. Clene Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clene's risk adjusted performance of (0.03), and Mean Deviation of 4.46 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0807, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Clene are expected to decrease at a much lower rate. During the bear market, Clene is likely to outperform the market. At this point, Clene Inc has a negative expected return of -0.35%. Please make sure to confirm Clene's jensen alpha, as well as the relationship between the skewness and day median price , to decide if Clene Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Clene Inc has modest predictability. Overlapping area represents the amount of predictability between Clene time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Clene Inc price movement. The serial correlation of 0.53 indicates that about 53.0% of current Clene price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Clene Inc lagged returns against current returns
Autocorrelation, which is Clene 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 Clene's stock expected returns. We can calculate the autocorrelation of Clene returns to help us make a trade decision. For example, suppose you find that Clene 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 |
Clene 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 Clene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clene stock over time.
Current vs Lagged Prices |
| Timeline |
Clene Lagged Returns
When evaluating Clene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clene stock have on its future price. Clene 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, Clene autocorrelation shows the relationship between Clene stock current value and its past values and can show if there is a momentum factor associated with investing in Clene Inc.
Regressed Prices |
| Timeline |
When determining whether Clene Inc is a strong investment it is important to analyze Clene'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 Clene's future performance. For an informed investment choice regarding Clene Stock, refer to the following important reports:
Check out Clene Correlation, Clene Volatility and Clene Alpha and Beta module to complement your research on Clene. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Clene 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.