Cleveland Cliffs Stock Market Value
| CLF Stock | USD 18.32 0.23 1.24% |
| Symbol | Cleveland |
Cleveland Cliffs Price To Book Ratio
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 43.791 | Quarterly Revenue Growth (0.02) | Return On Assets 0.0392 |
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.
Cleveland Cliffs '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 Cleveland Cliffs' 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 Cleveland Cliffs.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cleveland Cliffs on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cleveland Cliffs or generate 0.0% return on investment in Cleveland Cliffs over 30 days. Cleveland Cliffs is related to or competes with Nucor Corp, Steel Dynamics, ArcelorMittal, Gerdau SA, United States, Reliance Steel, and Commercial Metals. Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America More
Cleveland Cliffs 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 Cleveland Cliffs' 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 Cleveland Cliffs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 5.0E-4 | |||
| Maximum Drawdown | 10.33 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.85 |
Cleveland Cliffs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleveland Cliffs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleveland Cliffs' standard deviation. In reality, there are many statistical measures that can use Cleveland Cliffs historical prices to predict the future Cleveland Cliffs' volatility.| Risk Adjusted Performance | 0.0329 | |||
| Jensen Alpha | (0.0007) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 4.0E-4 | |||
| Treynor Ratio | 0.0846 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cleveland Cliffs' 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.
Cleveland Cliffs Backtested Returns
We consider Cleveland Cliffs not too volatile. Cleveland Cliffs secures Sharpe Ratio (or Efficiency) of 0.0088, which signifies that the company had a 0.0088% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cleveland Cliffs, which you can use to evaluate the volatility of the firm. Please confirm Cleveland Cliffs' mean deviation of 1.63, and Risk Adjusted Performance of 0.0329 to double-check if the risk estimate we provide is consistent with the expected return of 0.0211%. The firm shows a Beta (market volatility) of 1.02, which signifies a somewhat significant risk relative to the market. Cleveland Cliffs returns are very sensitive to returns on the market. As the market goes up or down, Cleveland Cliffs is expected to follow. Cleveland Cliffs right now shows a risk of 2.4%. Please confirm Cleveland Cliffs treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Cleveland Cliffs will be following its price patterns.
Auto-correlation | -0.09 |
Very weak reverse predictability
Cleveland Cliffs has very weak reverse predictability. Overlapping area represents the amount of predictability between Cleveland Cliffs time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Cleveland Cliffs price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Cleveland Cliffs price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Cleveland Cliffs lagged returns against current returns
Autocorrelation, which is Cleveland Cliffs 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 Cleveland Cliffs' stock expected returns. We can calculate the autocorrelation of Cleveland Cliffs returns to help us make a trade decision. For example, suppose you find that Cleveland Cliffs 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 |
Cleveland Cliffs 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 Cleveland Cliffs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleveland Cliffs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cleveland Cliffs stock over time.
Current vs Lagged Prices |
| Timeline |
Cleveland Cliffs Lagged Returns
When evaluating Cleveland Cliffs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleveland Cliffs stock have on its future price. Cleveland Cliffs 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, Cleveland Cliffs autocorrelation shows the relationship between Cleveland Cliffs stock current value and its past values and can show if there is a momentum factor associated with investing in Cleveland Cliffs.
Regressed Prices |
| Timeline |
Cleveland Cliffs Investors Sentiment
The influence of Cleveland Cliffs' 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 Cleveland. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cleveland Cliffs' public news can be used to forecast risks associated with an investment in Cleveland. The trend in average sentiment can be used to explain how an investor holding Cleveland can time the market purely based on public headlines and social activities around Cleveland Cliffs. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cleveland Cliffs' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cleveland Cliffs' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cleveland Cliffs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cleveland Cliffs.
Cleveland Cliffs Implied Volatility | 79.02 |
Cleveland Cliffs' implied volatility exposes the market's sentiment of Cleveland Cliffs stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cleveland Cliffs' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cleveland Cliffs stock will not fluctuate a lot when Cleveland Cliffs' options are near their expiration.
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 Cleveland Cliffs 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, Cleveland Cliffs' short interest history, or implied volatility extrapolated from Cleveland Cliffs options trading.
Pair Trading with Cleveland Cliffs
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 Cleveland Cliffs 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 Cleveland Cliffs will appreciate offsetting losses from the drop in the long position's value.Moving together with Cleveland Stock
| 0.63 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.66 | AG | First Majestic Silver Earnings Call Next Week | PairCorr |
| 0.74 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
Moving against Cleveland Stock
| 0.7 | NC | NACCO Industries Earnings Call Next Week | PairCorr |
| 0.68 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.54 | X | United States Steel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cleveland Cliffs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cleveland Cliffs 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 Cleveland Cliffs - 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 Cleveland Cliffs to buy it.
The correlation of Cleveland Cliffs 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 Cleveland Cliffs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cleveland Cliffs 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 Cleveland Cliffs 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 Cleveland Cliffs Correlation, Cleveland Cliffs Volatility and Cleveland Cliffs Alpha and Beta module to complement your research on Cleveland Cliffs. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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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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.