Clover Health Investments Stock Market Value
| CLOV Stock | USD 3.37 0.01 0.30% |
| Symbol | Clover |
Clover Health Investments Price To Book Ratio
Is Health Care Providers & Services 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 Clover Health. If investors know Clover 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 Clover Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.19) | Revenue Per Share 4.336 | Quarterly Revenue Growth (0.31) | Return On Assets (0.06) | Return On Equity (0.29) |
The market value of Clover Health Investments is measured differently than its book value, which is the value of Clover that is recorded on the company's balance sheet. Investors also form their own opinion of Clover Health's value that differs from its market value or its book value, called intrinsic value, which is Clover Health'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 Clover Health's market value can be influenced by many factors that don't directly affect Clover Health'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 Clover Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clover Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clover Health'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.
Clover Health '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 Clover Health'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 Clover Health.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Clover Health on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Clover Health Investments or generate 0.0% return on investment in Clover Health over 660 days. Clover Health is related to or competes with Skillz Platform, BlackBerry, Fubotv, and SNDL. Clover Health Investments, Corp. operates as a medicare advantage insurer in the United States More
Clover Health 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 Clover Health'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 Clover Health Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.15 | |||
| Information Ratio | 0.0051 | |||
| Maximum Drawdown | 44.77 | |||
| Value At Risk | (7.32) | |||
| Potential Upside | 7.94 |
Clover Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clover Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clover Health's standard deviation. In reality, there are many statistical measures that can use Clover Health historical prices to predict the future Clover Health's volatility.| Risk Adjusted Performance | 0.0299 | |||
| Jensen Alpha | 0.0294 | |||
| Total Risk Alpha | (0.76) | |||
| Sortino Ratio | 0.0057 | |||
| Treynor Ratio | 0.1502 |
Clover Health Investments Backtested Returns
Clover Health appears to be dangerous, given 3 months investment horizon. Clover Health Investments secures Sharpe Ratio (or Efficiency) of 0.0411, which signifies that the company had a 0.0411% return per unit of risk over the last 3 months. We have found thirty technical indicators for Clover Health Investments, which you can use to evaluate the volatility of the firm. Please makes use of Clover Health's Mean Deviation of 3.53, downside deviation of 5.15, and Risk Adjusted Performance of 0.0299 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Clover Health holds a performance score of 3. The firm shows a Beta (market volatility) of 1.0, which signifies a somewhat significant risk relative to the market. Clover Health returns are very sensitive to returns on the market. As the market goes up or down, Clover Health is expected to follow. Please check Clover Health's maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Clover Health's price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Clover Health Investments has virtually no predictability. Overlapping area represents the amount of predictability between Clover Health time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Clover Health Investments price movement. The serial correlation of 0.03 indicates that only 3.0% of current Clover Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.35 |
Clover Health Investments lagged returns against current returns
Autocorrelation, which is Clover Health 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 Clover Health's stock expected returns. We can calculate the autocorrelation of Clover Health returns to help us make a trade decision. For example, suppose you find that Clover Health 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 |
Clover Health 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 Clover Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clover Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clover Health stock over time.
Current vs Lagged Prices |
| Timeline |
Clover Health Lagged Returns
When evaluating Clover Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clover Health stock have on its future price. Clover Health 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, Clover Health autocorrelation shows the relationship between Clover Health stock current value and its past values and can show if there is a momentum factor associated with investing in Clover Health Investments.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Clover Stock Analysis
When running Clover Health's price analysis, check to measure Clover Health'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 Clover Health is operating at the current time. Most of Clover Health's value examination focuses on studying past and present price action to predict the probability of Clover Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clover Health's price. Additionally, you may evaluate how the addition of Clover Health to your portfolios can decrease your overall portfolio volatility.