Clover Health Investments Stock Price on October 12, 2021
| CLOV Stock | USD 0.65 0.02 3.17% |
If you're considering investing in Clover Stock, it is important to understand the factors that can impact its price. As of today, the current price of Clover Health stands at 0.65, as last reported on the 24th of April, with the highest price reaching 0.67 and the lowest price hitting 0.62 during the day. Clover Health Investments secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Clover Health Investments exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clover Health's Mean Deviation of 2.64, standard deviation of 3.43, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide.
At this time, Clover Health's Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to climb to about 571.4 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 344 M in 2024. . At this time, Clover Health's Price Book Value Ratio is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to climb to 0.13 in 2024, whereas Price Earnings Ratio is likely to drop (2.26) in 2024. Clover Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Clover |
Sharpe Ratio = -0.1734
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Estimated Market Risk
| 3.42 actual daily | 30 70% of assets are more volatile |
Expected Return
| -0.59 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Clover Health is not performing at its full potential. However, 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 Clover Health by adding Clover Health to a well-diversified portfolio.
Price Book 1.1589 | Enterprise Value Ebitda (0.45) | Price Sales 0.163 | Shares Float 375.1 M | Wall Street Target Price 1.44 |
Clover Health Valuation on October 12, 2021
It is possible to determine the worth of Clover Health on a given historical date. On October 12, 2021 Clover was worth 3.04 at the beginning of the trading date compared to the closed value of 3.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Clover Health stock. Still, in general, we apply an absolute valuation method to find Clover Health's 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 Clover Health where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Clover Health's related companies.
| Open | High | Low | Close | Volume | |
04/11/2022 | 3.04 | 3.19 | 3.00 | 3.09 | 5,723,573 |
| 3.09 | 3.27 | 3.02 | 3.06 | 5,688,415 |
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Clover Health Trading Date Momentum on October 12, 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.Clover Health Investments Fundamentals Correlations and Trends
By evaluating Clover Health's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Clover Health's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Clover financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Clover Health Stock history
Clover Health 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 Clover is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Clover Health Investments 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 Clover Health stock prices may prove useful in developing a viable investing in Clover Health
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 482.2 M | 344 M | |
| Net Loss | -305 M | -320.2 M |
Clover Health Stock Technical Analysis
Clover Health 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.
Price Boundaries
Clover Health Period Price Range
Low | April 11, 2022
| High |
3.04 | 3.09 |
Clover Health April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Clover Health stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Clover Health shares will generate the highest return on investment. By undertsting and applying Clover Health stock market strength indicators, traders can identify Clover Health Investments entry and exit signals to maximize returns
Clover Health Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Clover Health's price direction in advance. Along with the technical and fundamental analysis of Clover Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Clover 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.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.79) | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | (0.20) |
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clover Health Investments. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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When running Clover Health's price analysis, check to measure Clover Health'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 Clover Health is operating at the current time. Most of Clover Health's value examination focuses on studying past and present price action to predict the probability of Clover Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clover Health's price. Additionally, you may evaluate how the addition of Clover Health to your portfolios can decrease your overall portfolio volatility.
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Is Clover Health'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 Clover Health. If investors know Clover 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 Clover Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.44) | Revenue Per Share 4.223 | Quarterly Revenue Growth (0.44) | Return On Assets (0.17) | Return On Equity (0.66) |
The market value of Clover Health Investments is measured differently than its book value, which is the value of Clover that is recorded on the company's balance sheet. Investors also form their own opinion of Clover Health's value that differs from its market value or its book value, called intrinsic value, which is Clover Health'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 Clover Health's market value can be influenced by many factors that don't directly affect Clover Health'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 Clover Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clover Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clover Health'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.