Clover Power (Thailand) Market Value
| CV Stock | 0.22 0.01 4.76% |
| Symbol | Clover |
Clover Power '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 Power'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 Power.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Clover Power on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Clover Power PCL or generate 0.0% return on investment in Clover Power over 720 days.
Clover Power 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 Power'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 Power PCL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 21.4 | |||
| Information Ratio | 0.1148 | |||
| Maximum Drawdown | 1008.33 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 10.53 |
Clover Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clover Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clover Power's standard deviation. In reality, there are many statistical measures that can use Clover Power historical prices to predict the future Clover Power's volatility.| Risk Adjusted Performance | 0.0988 | |||
| Jensen Alpha | 18.1 | |||
| Total Risk Alpha | (5.30) | |||
| Sortino Ratio | 0.6812 | |||
| Treynor Ratio | (0.52) |
Clover Power PCL Backtested Returns
Clover Power is out of control given 3 months investment horizon. Clover Power PCL secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have analyzed thirty different technical indicators, which can help you to evaluate if expected returns of 14.48% are justified by taking the suggested risk. Use Clover Power Mean Deviation of 32.0, risk adjusted performance of 0.0988, and Downside Deviation of 21.4 to evaluate company specific risk that cannot be diversified away. Clover Power holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -28.23, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Clover Power are expected to decrease by larger amounts. On the other hand, during market turmoil, Clover Power is expected to outperform it. Use Clover Power total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to analyze future returns on Clover Power.
Auto-correlation | 0.68 |
Good predictability
Clover Power PCL has good predictability. Overlapping area represents the amount of predictability between Clover Power time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Power PCL price movement. The serial correlation of 0.68 indicates that around 68.0% of current Clover Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Clover Power PCL lagged returns against current returns
Autocorrelation, which is Clover Power 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 Power's stock expected returns. We can calculate the autocorrelation of Clover Power returns to help us make a trade decision. For example, suppose you find that Clover Power 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 Power 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 Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clover Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clover Power stock over time.
Current vs Lagged Prices |
| Timeline |
Clover Power Lagged Returns
When evaluating Clover Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clover Power stock have on its future price. Clover Power 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 Power autocorrelation shows the relationship between Clover Power stock current value and its past values and can show if there is a momentum factor associated with investing in Clover Power PCL.
Regressed Prices |
| Timeline |
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