Cleanaway Waste Management Stock Market Value
| TSPCF Stock | USD 1.61 0.01 0.62% |
| Symbol | Cleanaway |
Cleanaway Waste '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 Cleanaway Waste's pink sheet 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 Cleanaway Waste.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Cleanaway Waste on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Cleanaway Waste Management or generate 0.0% return on investment in Cleanaway Waste over 270 days. Cleanaway Waste is related to or competes with BQE Water. Cleanaway Waste Management Limited provides waste management, industrial, and environmental services in Australia More
Cleanaway Waste 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 Cleanaway Waste's pink sheet 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 Cleanaway Waste Management upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 3.05 |
Cleanaway Waste Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleanaway Waste's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleanaway Waste's standard deviation. In reality, there are many statistical measures that can use Cleanaway Waste historical prices to predict the future Cleanaway Waste's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cleanaway Waste'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.
Cleanaway Waste Mana Backtested Returns
We consider Cleanaway Waste very risky. Cleanaway Waste Mana secures Sharpe Ratio (or Efficiency) of 0.0026, which signifies that the company had a 0.0026% return per unit of standard deviation over the last 3 months. We have found twenty-one technical indicators for Cleanaway Waste Management, which you can use to evaluate the volatility of the firm. Please confirm Cleanaway Waste's risk adjusted performance of (0.03), and Mean Deviation of 1.28 to double-check if the risk estimate we provide is consistent with the expected return of 0.006%. The firm shows a Beta (market volatility) of 1.11, which signifies a somewhat significant risk relative to the market. Cleanaway Waste returns are very sensitive to returns on the market. As the market goes up or down, Cleanaway Waste is expected to follow. Cleanaway Waste Mana right now shows a risk of 2.31%. Please confirm Cleanaway Waste Mana jensen alpha, as well as the relationship between the skewness and day median price , to decide if Cleanaway Waste Mana will be following its price patterns.
Auto-correlation | 0.31 |
Below average predictability
Cleanaway Waste Management has below average predictability. Overlapping area represents the amount of predictability between Cleanaway Waste time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd 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 Cleanaway Waste Mana price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Cleanaway Waste price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cleanaway Waste Mana lagged returns against current returns
Autocorrelation, which is Cleanaway Waste pink sheet'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 Cleanaway Waste's pink sheet expected returns. We can calculate the autocorrelation of Cleanaway Waste returns to help us make a trade decision. For example, suppose you find that Cleanaway Waste has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Cleanaway Waste 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 Cleanaway Waste pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleanaway Waste pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cleanaway Waste pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Cleanaway Waste Lagged Returns
When evaluating Cleanaway Waste's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleanaway Waste pink sheet have on its future price. Cleanaway Waste 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, Cleanaway Waste autocorrelation shows the relationship between Cleanaway Waste pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Cleanaway Waste Management.
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 Cleanaway Waste 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, Cleanaway Waste's short interest history, or implied volatility extrapolated from Cleanaway Waste options trading.
Currently Active Assets on Macroaxis
Check out Cleanaway Waste Correlation, Cleanaway Waste Volatility and Cleanaway Waste Alpha and Beta module to complement your research on Cleanaway Waste. Note that the Cleanaway Waste Mana information on this page should be used as a complementary analysis to other Cleanaway Waste'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 Cleanaway Pink Sheet analysis
When running Cleanaway Waste's price analysis, check to measure Cleanaway Waste'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 Cleanaway Waste is operating at the current time. Most of Cleanaway Waste's value examination focuses on studying past and present price action to predict the probability of Cleanaway Waste's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleanaway Waste's price. Additionally, you may evaluate how the addition of Cleanaway Waste to your portfolios can decrease your overall portfolio volatility.
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Cleanaway Waste technical pink sheet 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, pink sheet market cycles, or different charting patterns.