Cleveland Cliffs Stock Price on October 22, 2021

CLF Stock  USD 22.74  0.61  2.76%   
Below is the normalized historical share price chart for Cleveland Cliffs extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cleveland Cliffs stands at 22.74, as last reported on the 29th of March, with the highest price reaching 22.78 and the lowest price hitting 22.25 during the day.
IPO Date
5th of November 1987
200 Day MA
17.3916
50 Day MA
19.947
Beta
2.013
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Cleveland Stock, it is important to understand the factors that can impact its price. Cleveland Cliffs appears to be very steady, given 3 months investment horizon. Cleveland-Cliffs secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Cleveland Cliffs, which you can use to evaluate the volatility of the firm. Please makes use of Cleveland Cliffs' risk adjusted performance of 0.052, and Mean Deviation of 1.5 to double-check if our risk estimates are consistent with your expectations.
  
At this time, Cleveland Cliffs' Liabilities And Stockholders Equity is most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Other Stockholder Equity is estimated to increase to about 4.7 B, while Capital Stock is projected to decrease to roughly 61.1 M. . At this time, Cleveland Cliffs' Price To Free Cash Flows Ratio is most likely to slightly decrease in the upcoming years. The Cleveland Cliffs' current Price Cash Flow Ratio is estimated to increase to 9.12, while Price Book Value Ratio is projected to decrease to 1.20. Cleveland Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1259

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Estimated Market Risk

 1.98
  actual daily
17
83% of assets are more volatile

Expected Return

 0.25
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.13
  actual daily
9
91% of assets perform better
Based on monthly moving average Cleveland Cliffs is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cleveland Cliffs by adding it to a well-diversified portfolio.
Price Book
1.3981
Enterprise Value Ebitda
7.5127
Price Sales
0.5013
Shares Float
488.9 M
Wall Street Target Price
19.48

Cleveland Cliffs Valuation on October 22, 2021

It is possible to determine the worth of Cleveland Cliffs on a given historical date. On October 22, 2021 Cleveland was worth 24.83 at the beginning of the trading date compared to the closed value of 25.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cleveland Cliffs stock. Still, in general, we apply an absolute valuation method to find Cleveland Cliffs' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cleveland Cliffs where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cleveland Cliffs' related companies.
 Open High Low Close Volume
03/15/2022
  24.83    25.42    23.98    25.34    21,472,770  
  25.86    26.84    25.45    26.18    24,667,881  
Backtest Cleveland Cliffs  |  Cleveland Cliffs History  |  Cleveland Cliffs Valuation Next  
Open Value
24.83
25.34
Closing Value
30.76
Upside

Cleveland Cliffs Trading Date Momentum on October 22, 2021

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

Cleveland-Cliffs Fundamentals Correlations and Trends

By evaluating Cleveland Cliffs' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cleveland Cliffs' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cleveland financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Cleveland Cliffs Stock history

Cleveland Cliffs investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cleveland is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cleveland-Cliffs will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cleveland Cliffs stock prices may prove useful in developing a viable investing in Cleveland Cliffs
Last ReportedProjected for 2024
Common Stock Shares Outstanding511 M536.5 M
Net Income Applicable To Common Shares1.5 B1.6 B

Cleveland Cliffs Quarterly Net Working Capital

3.13 Billion

Cleveland Cliffs Stock Technical Analysis

Cleveland Cliffs 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.
A focus of Cleveland Cliffs technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cleveland Cliffs trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Cleveland Cliffs Period Price Range

Low
March 15, 2022
0.51  2.05%
High

 24.83 

     

 25.34 

Cleveland Cliffs March 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Cleveland Cliffs stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cleveland Cliffs shares will generate the highest return on investment. By undertsting and applying Cleveland Cliffs stock market strength indicators, traders can identify Cleveland Cliffs entry and exit signals to maximize returns

Cleveland Cliffs Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Cleveland Cliffs' price direction in advance. Along with the technical and fundamental analysis of Cleveland Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cleveland to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Cleveland-Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Cleveland Stock analysis

When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' 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 Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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Is Cleveland Cliffs' 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 Cleveland Cliffs. If investors know Cleveland 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 Cleveland Cliffs 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
0.792
Earnings Share
0.78
Revenue Per Share
43.129
Quarterly Revenue Growth
0.013
Return On Assets
0.0329
The market value of Cleveland-Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' 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 Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' 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 Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' 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.