CLEMONDO GROUP (Germany) Market Value
| N17 Stock | EUR 0.05 0 5.31% |
| Symbol | CLEMONDO |
Please note, there is a significant difference between CLEMONDO GROUP's value and its price as these two are different measures arrived at by different means. Investors typically determine if CLEMONDO GROUP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CLEMONDO GROUP'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.
CLEMONDO GROUP '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 CLEMONDO GROUP'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 CLEMONDO GROUP.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in CLEMONDO GROUP on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding CLEMONDO GROUP AB or generate 0.0% return on investment in CLEMONDO GROUP over 30 days. CLEMONDO GROUP is related to or competes with FIREWEED METALS, China BlueChemical, Siamgas, Eastman Chemical, KINGBOARD CHEMICAL, Quaker Chemical, and SIMS METAL. More
CLEMONDO GROUP 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 CLEMONDO GROUP'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 CLEMONDO GROUP AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.38 | |||
| Information Ratio | 0.0224 | |||
| Maximum Drawdown | 49.79 | |||
| Value At Risk | (18.08) | |||
| Potential Upside | 20.87 |
CLEMONDO GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CLEMONDO GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CLEMONDO GROUP's standard deviation. In reality, there are many statistical measures that can use CLEMONDO GROUP historical prices to predict the future CLEMONDO GROUP's volatility.| Risk Adjusted Performance | 0.0319 | |||
| Jensen Alpha | 0.2136 | |||
| Total Risk Alpha | (1.10) | |||
| Sortino Ratio | 0.023 | |||
| Treynor Ratio | 0.2298 |
CLEMONDO GROUP AB Backtested Returns
CLEMONDO GROUP appears to be out of control, given 3 months investment horizon. CLEMONDO GROUP AB secures Sharpe Ratio (or Efficiency) of 0.0536, which signifies that the company had a 0.0536% return per unit of risk over the last 3 months. By examining CLEMONDO GROUP's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of CLEMONDO GROUP's Mean Deviation of 8.29, downside deviation of 11.38, and Risk Adjusted Performance of 0.0319 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CLEMONDO GROUP holds a performance score of 4. The firm shows a Beta (market volatility) of 1.53, 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, CLEMONDO GROUP will likely underperform. Please check CLEMONDO GROUP's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether CLEMONDO GROUP's price patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
CLEMONDO GROUP AB has below average predictability. Overlapping area represents the amount of predictability between CLEMONDO GROUP time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 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 CLEMONDO GROUP AB price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current CLEMONDO GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CLEMONDO GROUP AB lagged returns against current returns
Autocorrelation, which is CLEMONDO GROUP 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 CLEMONDO GROUP's stock expected returns. We can calculate the autocorrelation of CLEMONDO GROUP returns to help us make a trade decision. For example, suppose you find that CLEMONDO GROUP 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 |
CLEMONDO GROUP 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 CLEMONDO GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CLEMONDO GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CLEMONDO GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
CLEMONDO GROUP Lagged Returns
When evaluating CLEMONDO GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CLEMONDO GROUP stock have on its future price. CLEMONDO GROUP 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, CLEMONDO GROUP autocorrelation shows the relationship between CLEMONDO GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in CLEMONDO GROUP AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CLEMONDO Stock
CLEMONDO GROUP financial ratios help investors to determine whether CLEMONDO Stock 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 CLEMONDO with respect to the benefits of owning CLEMONDO GROUP security.