Cleanaway Waste Management Stock Market Value
| TSPCF Stock | USD 2.14 0.49 29.70% |
| 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 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 Cleanaway Waste.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Cleanaway Waste on October 30, 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 BluMetric Environmental, and BQE Water. Cleanaway Waste Management Limited provides waste management, industrial, and environmental services in Australia 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 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 Cleanaway Waste Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0638 | |||
| Maximum Drawdown | 44.68 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 6.67 |
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 | 0.0719 | |||
| Jensen Alpha | 0.3477 | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.3168 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cleanaway Waste'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.
Cleanaway Waste Mana Backtested Returns
Cleanaway Waste appears to be dangerous, given 3 months investment horizon. Cleanaway Waste Mana secures Sharpe Ratio (or Efficiency) of 0.0738, which signifies that the company had a 0.0738% return per unit of standard deviation over the last 3 months. By analyzing Cleanaway Waste's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of Cleanaway Waste's mean deviation of 2.83, and Risk Adjusted Performance of 0.0719 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cleanaway Waste holds a performance score of 5. The firm shows a Beta (market volatility) of 1.73, 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, Cleanaway Waste will likely underperform. Please check Cleanaway Waste's skewness, and the relationship between the total risk alpha and day median price , to make a quick decision on whether Cleanaway Waste's price patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Cleanaway Waste Management has good predictability. Overlapping area represents the amount of predictability between Cleanaway Waste time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 0.65 indicates that roughly 65.0% of current Cleanaway Waste price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Cleanaway Waste Mana lagged returns against current returns
Autocorrelation, which is Cleanaway Waste 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 Cleanaway Waste's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleanaway Waste pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cleanaway Waste pink sheet 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 pink sheet 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 pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Cleanaway Pink Sheet
Cleanaway Waste financial ratios help investors to determine whether Cleanaway 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 Cleanaway with respect to the benefits of owning Cleanaway Waste security.