CLEARWAY ENERGY (Germany) Market Value
| NY4B Stock | EUR 23.40 0.20 0.86% |
| Symbol | CLEARWAY |
CLEARWAY ENERGY '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 CLEARWAY ENERGY'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 CLEARWAY ENERGY.
| 03/07/2024 |
| 06/05/2024 |
If you would invest 0.00 in CLEARWAY ENERGY on March 7, 2024 and sell it all today you would earn a total of 0.00 from holding CLEARWAY ENERGY A or generate 0.0% return on investment in CLEARWAY ENERGY over 90 days. CLEARWAY ENERGY is related to or competes with Southern, NMI Holdings, SIVERS SEMICONDUCTORS, NorAm Drilling, Norsk Hydro, Coca Cola, and Rolls Royce. Clearway Energy, Inc., through its subsidiaries, acquires, owns, and operates contracted renewable energy and convention... More
CLEARWAY ENERGY 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 CLEARWAY ENERGY'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 CLEARWAY ENERGY A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.1581 | |||
| Maximum Drawdown | 9.16 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 5.39 |
CLEARWAY ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CLEARWAY ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CLEARWAY ENERGY's standard deviation. In reality, there are many statistical measures that can use CLEARWAY ENERGY historical prices to predict the future CLEARWAY ENERGY's volatility.| Risk Adjusted Performance | 0.1114 | |||
| Jensen Alpha | 0.3556 | |||
| Total Risk Alpha | 0.3229 | |||
| Sortino Ratio | 0.1747 | |||
| Treynor Ratio | 6.28 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CLEARWAY ENERGY'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.
CLEARWAY ENERGY A Backtested Returns
CLEARWAY ENERGY appears to be somewhat reliable, given 3 months investment horizon. CLEARWAY ENERGY A secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CLEARWAY ENERGY A, which you can use to evaluate the volatility of the firm. Please makes use of CLEARWAY ENERGY's Mean Deviation of 1.68, risk adjusted performance of 0.1114, and Downside Deviation of 1.98 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CLEARWAY ENERGY holds a performance score of 14. The firm shows a Beta (market volatility) of 0.0567, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CLEARWAY ENERGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding CLEARWAY ENERGY is expected to be smaller as well. Please check CLEARWAY ENERGY's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether CLEARWAY ENERGY's price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
CLEARWAY ENERGY A has good predictability. Overlapping area represents the amount of predictability between CLEARWAY ENERGY time series from 7th of March 2024 to 21st of April 2024 and 21st of April 2024 to 5th of June 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 CLEARWAY ENERGY A price movement. The serial correlation of 0.71 indicates that around 71.0% of current CLEARWAY ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.66 |
CLEARWAY ENERGY A lagged returns against current returns
Autocorrelation, which is CLEARWAY ENERGY 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 CLEARWAY ENERGY's stock expected returns. We can calculate the autocorrelation of CLEARWAY ENERGY returns to help us make a trade decision. For example, suppose you find that CLEARWAY ENERGY 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 |
CLEARWAY ENERGY 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 CLEARWAY ENERGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CLEARWAY ENERGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CLEARWAY ENERGY stock over time.
Current vs Lagged Prices |
| Timeline |
CLEARWAY ENERGY Lagged Returns
When evaluating CLEARWAY ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CLEARWAY ENERGY stock have on its future price. CLEARWAY ENERGY 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, CLEARWAY ENERGY autocorrelation shows the relationship between CLEARWAY ENERGY stock current value and its past values and can show if there is a momentum factor associated with investing in CLEARWAY ENERGY A.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CLEARWAY Stock
CLEARWAY ENERGY financial ratios help investors to determine whether CLEARWAY Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CLEARWAY with respect to the benefits of owning CLEARWAY ENERGY security.