Clean Tangible Assets Book Value per Share from 2010 to 2024
| CLH Stock | USD 190.90 0.88 0.46% |
Check Clean Harbors financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Clean main balance sheet or income statement drivers, such as Depreciation And Amortization of 384 M, Interest Expense of 126.6 M or Selling General Administrative of 704.7 M, as well as many exotic indicators such as Price To Sales Ratio of 1.83, Dividend Yield of 0.45 or PTB Ratio of 4.44. Clean financial statements analysis is a perfect complement when working with Clean Harbors Valuation or Volatility modules.
Clean | Tangible Assets Book Value per Share |
About Clean Harbors Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Clean Harbors income statement, its balance sheet, and the statement of cash flows. Clean Harbors investors use historical funamental indicators, such as Clean Harbors's Tangible Assets Book Value per Share, to determine how well the company is positioned to perform in the future. Although Clean Harbors investors may use each financial statement separately, they are all related. The changes in Clean Harbors's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Clean Harbors's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Clean Harbors Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Clean Harbors. Please read more on our technical analysis and fundamental analysis pages.
Clean Harbors, Inc. provides environmental and industrial services in North America. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts. Clean Harbors operates under Waste Management classification in the United States and is traded on New York Stock Exchange. It employs 18300 people.
Pair Trading with Clean Harbors
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 Clean Harbors 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 Clean Harbors will appreciate offsetting losses from the drop in the long position's value.Moving together with Clean Stock
| 0.81 | NL | NL Industries | PairCorr |
| 0.89 | WM | Waste Management Earnings Call This Week | PairCorr |
| 0.95 | VSEC | VSE Corporation Financial Report 6th of May 2024 | PairCorr |
Moving against Clean Stock
| 0.82 | LNZA | LanzaTech Global Financial Report 20th of May 2024 | PairCorr |
| 0.82 | AMBI | Ambipar Emergency Report 10th of May 2024 | PairCorr |
| 0.8 | ARC | ARC Document Solutions Financial Report 1st of May 2024 | PairCorr |
| 0.74 | CLVT | CLARIVATE PLC Financial Report 14th of May 2024 | PairCorr |
| 0.65 | ACCO | Acco Brands Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Clean Harbors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Harbors 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 Clean Harbors - 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 Clean Harbors to buy it.
The correlation of Clean Harbors 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 Clean Harbors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clean Harbors 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 Clean Harbors 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 the analysis of Clean Harbors Correlation against competitors. For more detail on how to invest in Clean Stock please use our How to Invest in Clean Harbors guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Clean Stock analysis
When running Clean Harbors' price analysis, check to measure Clean Harbors' 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 Clean Harbors is operating at the current time. Most of Clean Harbors' value examination focuses on studying past and present price action to predict the probability of Clean Harbors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clean Harbors' price. Additionally, you may evaluate how the addition of Clean Harbors to your portfolios can decrease your overall portfolio volatility.
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Is Clean Harbors' industry 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 Clean Harbors. If investors know Clean 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 Clean Harbors 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 0.194 | Earnings Share 6.94 | Revenue Per Share 100.038 | Quarterly Revenue Growth 0.047 | Return On Assets 0.0612 |
The market value of Clean Harbors is measured differently than its book value, which is the value of Clean that is recorded on the company's balance sheet. Investors also form their own opinion of Clean Harbors' value that differs from its market value or its book value, called intrinsic value, which is Clean Harbors' 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 Clean Harbors' market value can be influenced by many factors that don't directly affect Clean Harbors' 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 Clean Harbors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Clean Harbors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clean Harbors' 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.