Clarus Stock Market Value

CLAR -  USA Stock  

USD 26.65  0.03  0.11%

Clarus Corp's market value is the price at which a share of Clarus Corp stock trades on a public exchange. It measures the collective expectations of Clarus Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Clarus Corp and determine expected loss or profit from investing in Clarus Corp over a given investment horizon. Continue to Clarus Corp Hype Analysis, Clarus Corp Correlation, Clarus Corp Valuation, Clarus Corp Volatility, as well as analyze Clarus Corp Alpha and Beta and Clarus Corp Performance.
Symbol
Backtest


The market value of Clarus Corp is measured differently than its book value, which is the value of Clarus that is recorded on the company's balance sheet. Investors also form their own opinion of Clarus Corp's value that differs from its market value or its book value, called intrinsic value, which is Clarus Corp'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 Clarus Corp's market value can be influenced by many factors that don't directly affect Clarus Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clarus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Clarus Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clarus Corp'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.

Clarus Corp '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 Clarus Corp'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 Clarus Corp.
0.00
10/02/2020
No Change 0.00  0.0 
In 11 months and 27 days
09/27/2021
0.00
If you would invest  0.00  in Clarus Corp on October 2, 2020 and sell it all today you would earn a total of 0.00 from holding Clarus Corp or generate 0.0% return on investment in Clarus Corp over 360 days. Clarus Corp is related to or competes with Brunswick Corp, Drive Shack, Escalade, Funko Inc, Ballantyne Strong, Dover Downs, and Callaway Golf. Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East,...

Clarus Corp 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 Clarus Corp'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 Clarus Corp upside and downside potential and time the market with a certain degree of confidence.

Clarus Corp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Clarus Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clarus Corp's standard deviation. In reality, there are many statistical measures that can use Clarus Corp historical prices to predict the future Clarus Corp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Clarus Corp'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. Please use the tools below to analyze the current value of Clarus Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
25.0426.6628.28
Details
Intrinsic
Valuation
LowReal ValueHigh
23.9929.2830.90
Details
Naive
Forecast
LowNext ValueHigh
24.2425.8627.48
Details
5 Analysts
Consensus
LowTarget PriceHigh
35.0035.7537.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Clarus Corp. Your research has to be compared to or analyzed against Clarus Corp's peers to derive any actionable benefits. When done correctly, Clarus Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Clarus Corp.

Clarus Corp Backtested Returns

We consider Clarus Corp very steady. Clarus Corp secures Sharpe Ratio (or Efficiency) of 0.0594, which signifies that the company had 0.0594% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Clarus Corp, which you can use to evaluate the future volatility of the firm. Please confirm Clarus Corp mean deviation of 1.35, and Risk Adjusted Performance of 0.0652 to double-check if the risk estimate we provide is consistent with the expected return of 0.0962%.
Clarus Corp has performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.1843, which signifies not very significant fluctuations relative to the market. Let's try to break down what Clarus's beta means in this case. As returns on the market increase, returns on owning Clarus Corp are expected to decrease at a much lower rate. During the bear market, Clarus Corp is likely to outperform the market. Although it is extremely important to respect Clarus Corp historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Clarus Corp technical indicators, you can presently evaluate if the expected return of 0.0962% will be sustainable into the future. Clarus Corp right now shows a risk of 1.62%. Please confirm Clarus Corp coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if Clarus Corp will be following its price patterns.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.57   

Modest predictability

Clarus Corp has modest predictability. Overlapping area represents the amount of predictability between Clarus Corp time series from 2nd of October 2020 to 31st of March 2021 and 31st of March 2021 to 27th of September 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Clarus Corp price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Clarus Corp price fluctuation can be explain by its past prices.
Correlation Coefficient0.57
Spearman Rank Test0.55
Residual Average0.0
Price Variance14.94

Clarus Corp lagged returns against current returns

Autocorrelation, which is Clarus Corp 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 Clarus Corp's stock expected returns. We can calculate the autocorrelation of Clarus Corp returns to help us make a trade decision. For example, suppose you find that Clarus Corp stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Clarus Corp 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 Clarus Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clarus Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clarus Corp stock over time.
 Current vs Lagged Prices 
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      Timeline 

Clarus Corp Lagged Returns

When evaluating Clarus Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clarus Corp stock have on its future price. Clarus Corp 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, Clarus Corp autocorrelation shows the relationship between Clarus Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Clarus Corp.
 Regressed Prices 
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      Timeline 

Clarus Corp Investors Sentiment

The influence of Clarus Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Clarus. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - CLAR

Clarus Corp Investor Sentiment

Most of Macroaxis users are currently bullish on Clarus Corp. What is your opinion about investing in Clarus Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with Clarus Corp

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 Clarus Corp 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 Clarus Corp will appreciate offsetting losses from the drop in the long position's value.

Clarus Corp Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Clarus Corp and Brunswick Corp. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Clarus Corp Hype Analysis, Clarus Corp Correlation, Clarus Corp Valuation, Clarus Corp Volatility, as well as analyze Clarus Corp Alpha and Beta and Clarus Corp Performance. Note that the Clarus Corp information on this page should be used as a complementary analysis to other Clarus Corp'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 ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running Clarus Corp price analysis, check to measure Clarus Corp'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 Clarus Corp is operating at the current time. Most of Clarus Corp's value examination focuses on studying past and present price action to predict the probability of Clarus Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Clarus Corp's price. Additionally, you may evaluate how the addition of Clarus Corp to your portfolios can decrease your overall portfolio volatility.
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Clarus Corp 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 Clarus Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Clarus Corp 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...