Clearway Energy Class Stock Market Value
| CWEN Stock | USD 28.70 0.35 1.23% |
| Symbol | Clearway |
Clearway Energy Class Price To Book Ratio
Is Independent Power and Renewable Electricity Producers 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 Clearway Energy. If investors know Clearway 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 Clearway Energy 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 7.924 | Dividend Share 1.627 | Earnings Share 1.03 | Revenue Per Share 11.584 | Quarterly Revenue Growth 0.31 |
The market value of Clearway Energy Class is measured differently than its book value, which is the value of Clearway that is recorded on the company's balance sheet. Investors also form their own opinion of Clearway Energy's value that differs from its market value or its book value, called intrinsic value, which is Clearway Energy'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 Clearway Energy's market value can be influenced by many factors that don't directly affect Clearway Energy'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 Clearway Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearway Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearway Energy'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.
Clearway Energy '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 Clearway Energy'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 Clearway Energy.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Clearway Energy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Clearway Energy Class or generate 0.0% return on investment in Clearway Energy over 30 days. Clearway Energy is related to or competes with Brookfield Renewable, Clearway Energy, Nextera Energy, Atlantica Sustainable, Orsted A/S, Brookfield Renewable, and Algonquin Power. Clearway Energy, Inc. operates in the renewable energy business in the United States More
Clearway Energy 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 Clearway Energy'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 Clearway Energy Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.79 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.64 |
Clearway Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearway Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearway Energy's standard deviation. In reality, there are many statistical measures that can use Clearway Energy historical prices to predict the future Clearway Energy's volatility.| Risk Adjusted Performance | 0.0159 | |||
| Jensen Alpha | 0.048 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clearway Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Clearway Energy Class Backtested Returns
As of now, Clearway Stock is very steady. Clearway Energy Class secures Sharpe Ratio (or Efficiency) of 0.02, which signifies that the company had a 0.02% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Clearway Energy Class, which you can use to evaluate the volatility of the firm. Please confirm Clearway Energy's risk adjusted performance of 0.0159, and Mean Deviation of 1.42 to double-check if the risk estimate we provide is consistent with the expected return of 0.0408%. Clearway Energy has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Clearway Energy are expected to decrease at a much lower rate. During the bear market, Clearway Energy is likely to outperform the market. Clearway Energy Class right now shows a risk of 2.04%. Please confirm Clearway Energy Class standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Clearway Energy Class will be following its price patterns.
Auto-correlation | 0.27 |
Poor predictability
Clearway Energy Class has poor predictability. Overlapping area represents the amount of predictability between Clearway Energy time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 Clearway Energy Class price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Clearway Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Clearway Energy Class lagged returns against current returns
Autocorrelation, which is Clearway Energy 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 Clearway Energy's stock expected returns. We can calculate the autocorrelation of Clearway Energy returns to help us make a trade decision. For example, suppose you find that Clearway Energy 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 |
Clearway Energy 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 Clearway Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearway Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clearway Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Clearway Energy Lagged Returns
When evaluating Clearway Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearway Energy stock have on its future price. Clearway Energy 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, Clearway Energy autocorrelation shows the relationship between Clearway Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Clearway Energy Class.
Regressed Prices |
| Timeline |
Pair Trading with Clearway Energy
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 Clearway Energy 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 Clearway Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Clearway Stock
| 0.55 | WAVE | Eco Wave Power Upward Rally | PairCorr |
| 0.54 | NRGV | Energy Vault Holdings Buyout Trend | PairCorr |
| 0.53 | ELLO | Ellomay Capital | PairCorr |
| 0.36 | STEM | Stem Inc | PairCorr |
| 0.34 | ORA | Ormat Technologies | PairCorr |
The ability to find closely correlated positions to Clearway Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clearway Energy 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 Clearway Energy - 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 Clearway Energy Class to buy it.
The correlation of Clearway Energy 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 Clearway Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearway Energy Class 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 Clearway Energy 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.Check out Clearway Energy Correlation, Clearway Energy Volatility and Clearway Energy Alpha and Beta module to complement your research on Clearway Energy. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Clearway Energy 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.