Cleartronic Stock Market Value
| CLRI Stock | USD 0.01 0 20.95% |
| Symbol | Cleartronic |
Cleartronic '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 Cleartronic's pink sheet 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 Cleartronic.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cleartronic on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Cleartronic or generate 0.0% return on investment in Cleartronic over 180 days. Cleartronic is related to or competes with BCE, Advanced Info, HUMANA, SCOR PK, Ab Pennsylvania, Small Cap, and Thrivent High. Cleartronic, Inc., through ReadyOp Communications, Inc., provides Internet protocol , and unified group communication so... More
Cleartronic 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 Cleartronic's pink sheet 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 Cleartronic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 3.0E-4 | |||
| Maximum Drawdown | 114.88 | |||
| Potential Upside | 6.03 |
Cleartronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleartronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleartronic's standard deviation. In reality, there are many statistical measures that can use Cleartronic historical prices to predict the future Cleartronic's volatility.| Risk Adjusted Performance | 0.019 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (1.71) | |||
| Treynor Ratio | 0.0883 |
Cleartronic Backtested Returns
Cleartronic secures Sharpe Ratio (or Efficiency) of -0.0969, which signifies that the company had a -0.0969% return per unit of standard deviation over the last 3 months. Cleartronic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cleartronic's mean deviation of 3.04, and Risk Adjusted Performance of 0.019 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.48, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cleartronic will likely underperform. At this point, Cleartronic has a negative expected return of -0.79%. Please make sure to confirm Cleartronic's jensen alpha and the relationship between the potential upside and market facilitation index , to decide if Cleartronic performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Cleartronic has average predictability. Overlapping area represents the amount of predictability between Cleartronic time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Cleartronic price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Cleartronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cleartronic lagged returns against current returns
Autocorrelation, which is Cleartronic pink sheet'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 Cleartronic's pink sheet expected returns. We can calculate the autocorrelation of Cleartronic returns to help us make a trade decision. For example, suppose you find that Cleartronic has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Cleartronic 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 Cleartronic pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleartronic pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cleartronic pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cleartronic Lagged Returns
When evaluating Cleartronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleartronic pink sheet have on its future price. Cleartronic 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, Cleartronic autocorrelation shows the relationship between Cleartronic pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cleartronic.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cleartronic Pink Sheet
Cleartronic financial ratios help investors to determine whether Cleartronic Pink Sheet 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 Cleartronic with respect to the benefits of owning Cleartronic security.