Cleanaway Waste (Australia) Market Value
| CWY Stock | 2.90 0.02 0.69% |
| Symbol | Cleanaway |
Cleanaway Waste '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 Cleanaway Waste'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 Cleanaway Waste.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Cleanaway Waste on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Cleanaway Waste Management or generate 0.0% return on investment in Cleanaway Waste over 30 days. Cleanaway Waste is related to or competes with Audio Pixels, Iodm, and Regis Healthcare. Cleanaway Waste is entity of Australia. It is traded as Stock on AU exchange. More
Cleanaway Waste 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 Cleanaway Waste'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 Cleanaway Waste Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.48 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 2.11 |
Cleanaway Waste Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleanaway Waste's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleanaway Waste's standard deviation. In reality, there are many statistical measures that can use Cleanaway Waste historical prices to predict the future Cleanaway Waste's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.512 |
Cleanaway Waste Mana Backtested Returns
Currently, Cleanaway Waste Management is slightly risky. Cleanaway Waste Mana secures Sharpe Ratio (or Efficiency) of 0.0195, which signifies that the company had a 0.0195% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Cleanaway Waste Management, which you can use to evaluate the volatility of the firm. Please confirm Cleanaway Waste's mean deviation of 0.9027, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.0231%. Cleanaway Waste has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0572, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cleanaway Waste are expected to decrease at a much lower rate. During the bear market, Cleanaway Waste is likely to outperform the market. Cleanaway Waste Mana right now shows a risk of 1.18%. Please confirm Cleanaway Waste Mana standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Cleanaway Waste Mana will be following its price patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Cleanaway Waste Management has weak reverse predictability. Overlapping area represents the amount of predictability between Cleanaway Waste 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 Cleanaway Waste Mana price movement. The serial correlation of -0.23 indicates that over 23.0% of current Cleanaway Waste price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cleanaway Waste Mana lagged returns against current returns
Autocorrelation, which is Cleanaway Waste 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 Cleanaway Waste's stock expected returns. We can calculate the autocorrelation of Cleanaway Waste returns to help us make a trade decision. For example, suppose you find that Cleanaway Waste 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 |
Cleanaway Waste 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 Cleanaway Waste stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleanaway Waste stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cleanaway Waste stock over time.
Current vs Lagged Prices |
| Timeline |
Cleanaway Waste Lagged Returns
When evaluating Cleanaway Waste's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleanaway Waste stock have on its future price. Cleanaway Waste 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, Cleanaway Waste autocorrelation shows the relationship between Cleanaway Waste stock current value and its past values and can show if there is a momentum factor associated with investing in Cleanaway Waste Management.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Cleanaway Stock Analysis
When running Cleanaway Waste's price analysis, check to measure Cleanaway Waste'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 Cleanaway Waste is operating at the current time. Most of Cleanaway Waste's value examination focuses on studying past and present price action to predict the probability of Cleanaway Waste's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleanaway Waste's price. Additionally, you may evaluate how the addition of Cleanaway Waste to your portfolios can decrease your overall portfolio volatility.