Clearway Energy Class Stock Market Value
| CWEN Stock | USD 22.50 0.25 1.12% |
| Symbol | Clearway |
Clearway Energy Class Price To Book Ratio
Is Clearway Energy's 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 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 2.083 | Dividend Share 1.542 | Earnings Share 0.67 | Revenue Per Share 11.231 | Quarterly Revenue Growth (0.07) |
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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Clearway Energy on March 20, 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 Verde Clean, ReNew Energy, Ellomay Capital, Eco Wave, Fluence Energy, Advent Technologies, 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.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 10.05 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.07 |
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 | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.09) |
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
Clearway Energy Class secures Sharpe Ratio (or Efficiency) of -0.0578, which signifies that the company had a -0.0578% return per unit of standard deviation over the last 3 months. Clearway Energy Class exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clearway Energy's risk adjusted performance of (0.03), and Mean Deviation of 1.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.61, 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, Clearway Energy will likely underperform. Clearway Energy Class has an expected return of -0.12%. Please make sure to confirm Clearway Energy Class skewness, and the relationship between the total risk alpha and day median price , to decide if Clearway Energy Class performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Clearway Energy Class has excellent reverse predictability. Overlapping area represents the amount of predictability between Clearway Energy time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 -0.88 indicates that approximately 88.0% of current Clearway Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
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 together with Clearway Stock
| 0.88 | AY | Atlantica Sustainable Financial Report 3rd of May 2024 | PairCorr |
| 0.67 | RNWWW | ReNew Energy Global | PairCorr |
| 0.61 | ELIQ | Electriq Power Holdings Symbol Change | PairCorr |
Moving against Clearway Stock
| 0.58 | ELLO | Ellomay Capital | PairCorr |
| 0.54 | BEP-PA | Brookfield Renewable | PairCorr |
| 0.49 | CEG | Constellation Energy Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.49 | HTOO | Fusion Fuel Green Report 21st of May 2024 | PairCorr |
| 0.47 | ADN | Advent Technologies Financial Report 20th of May 2024 | 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. Note that the Clearway Energy Class information on this page should be used as a complementary analysis to other Clearway Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Clearway Stock analysis
When running Clearway Energy's price analysis, check to measure Clearway Energy'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 Clearway Energy is operating at the current time. Most of Clearway Energy's value examination focuses on studying past and present price action to predict the probability of Clearway Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clearway Energy's price. Additionally, you may evaluate how the addition of Clearway Energy to your portfolios can decrease your overall portfolio volatility.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |
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.