Clarus Corp Stock Market Value
| CLAR Stock | USD 6.00 0.02 0.33% |
| Symbol | Clarus |
Clarus Corp Price To Book Ratio
Is Clarus Corp'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 Clarus Corp. If investors know Clarus 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 Clarus Corp 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 (0.69) | Dividend Share 0.1 | Earnings Share (0.42) | Revenue Per Share 7.63 | Quarterly Revenue Growth (0.14) |
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'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 Clarus Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clarus Corp is a good investment 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.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Clarus Corp on March 19, 2024 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 30 days. Clarus Corp is related to or competes with Planet Fitness, Cedar Fair, American Outdoor, and OneSpaWorld Holdings. Clarus Corporation develops, manufactures, and distributes outdoor equipment and lifestyle products focusing on the outd... More
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.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.0127 | |||
| Maximum Drawdown | 28.93 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 3.79 |
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.| Risk Adjusted Performance | 0.025 | |||
| Jensen Alpha | 0.0181 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0163 | |||
| Treynor Ratio | 0.0558 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Clarus Corp Backtested Returns
We consider Clarus Corp moderately volatile. Clarus Corp secures Sharpe Ratio (or Efficiency) of 0.0268, which signifies that the company had a 0.0268% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Clarus Corp, which you can use to evaluate the volatility of the firm. Please confirm Clarus Corp's risk adjusted performance of 0.025, and Mean Deviation of 2.68 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Clarus Corp has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.75, 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, Clarus Corp will likely underperform. Clarus Corp right now shows a risk of 4.17%. Please confirm Clarus Corp coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Clarus Corp will be following its price patterns.
Auto-correlation | 0.58 |
Modest predictability
Clarus Corp has modest predictability. Overlapping area represents the amount of predictability between Clarus Corp time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Clarus Corp price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Clarus Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
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 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 |
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 |
| 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 |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Clarus Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Clarus Corp's short interest history, or implied volatility extrapolated from Clarus Corp options trading.
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.Moving against Clarus Stock
| 0.49 | WINA | Winmark | PairCorr |
| 0.49 | EWCZ | European Wax Center Financial Report 8th of May 2024 | PairCorr |
| 0.49 | BIG | Big Lots Financial Report 24th of May 2024 | PairCorr |
| 0.47 | NKE | Nike Inc Financial Report 4th of July 2024 | PairCorr |
| 0.46 | EGOX | NexteGO NV Ordinary | PairCorr |
The ability to find closely correlated positions to Clarus Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clarus Corp 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 Clarus Corp - 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 Clarus Corp to buy it.
The correlation of Clarus Corp 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 Clarus Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clarus Corp 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 Clarus Corp 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 Clarus Corp Correlation, Clarus Corp Volatility and Clarus Corp Alpha and Beta module to complement your research on Clarus Corp. To learn how to invest in Clarus Stock, please use our How to Invest in Clarus Corp guide.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 the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Clarus Stock analysis
When running Clarus Corp's 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 the 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.