Cloud Live's market value is the price at which a share of Cloud Live trades on a public exchange. It measures the collective expectations of Cloud Live Technology investors about its performance. Cloud Live is trading at 2.88 as of the 31st of December 2024, a 2.04 percent decrease since the beginning of the trading day. The stock's open price was 2.94. With this module, you can estimate the performance of a buy and hold strategy of Cloud Live Technology and determine expected loss or profit from investing in Cloud Live over a given investment horizon. Check out Cloud Live Correlation, Cloud Live Volatility and Cloud Live Alpha and Beta module to complement your research on Cloud Live.
Please note, there is a significant difference between Cloud Live's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cloud Live is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cloud Live'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.
Cloud Live '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 Cloud Live'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 Cloud Live.
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12/01/2024
No Change 0.00
0.0
In 31 days
12/31/2024
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If you would invest 0.00 in Cloud Live on December 1, 2024 and sell it all today you would earn a total of 0.00 from holding Cloud Live Technology or generate 0.0% return on investment in Cloud Live over 30 days. Cloud Live is related to or competes with AUPU Home, Suofeiya Home, Beijing Kingsoft, Western Metal, Hefei Metalforming, Hunan Mendale, and Markor International. Cloud Live is entity of China. It is traded as Stock on SHE exchange. More
Cloud Live 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 Cloud Live'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 Cloud Live Technology upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cloud Live's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cloud Live's standard deviation. In reality, there are many statistical measures that can use Cloud Live historical prices to predict the future Cloud Live's volatility.
Cloud Live Technology secures Sharpe Ratio (or Efficiency) of -0.0048, which signifies that the company had a -0.0048% return per unit of risk over the last 3 months. Cloud Live Technology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cloud Live's Mean Deviation of 3.12, risk adjusted performance of 0.048, and Downside Deviation of 4.65 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.11, which signifies a somewhat significant risk relative to the market. Cloud Live returns are very sensitive to returns on the market. As the market goes up or down, Cloud Live is expected to follow. At this point, Cloud Live Technology has a negative expected return of -0.0198%. Please make sure to confirm Cloud Live's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Cloud Live Technology performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.89
Excellent reverse predictability
Cloud Live Technology has excellent reverse predictability. Overlapping area represents the amount of predictability between Cloud Live time series from 1st of December 2024 to 16th of December 2024 and 16th of December 2024 to 31st of December 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 Cloud Live Technology price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Cloud Live price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.89
Spearman Rank Test
-0.68
Residual Average
0.0
Price Variance
0.22
Cloud Live Technology lagged returns against current returns
Autocorrelation, which is Cloud Live 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 Cloud Live's stock expected returns. We can calculate the autocorrelation of Cloud Live returns to help us make a trade decision. For example, suppose you find that Cloud Live 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
Cloud Live 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 Cloud Live stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cloud Live stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cloud Live stock over time.
Current vs Lagged Prices
Timeline
Cloud Live Lagged Returns
When evaluating Cloud Live's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cloud Live stock have on its future price. Cloud Live 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, Cloud Live autocorrelation shows the relationship between Cloud Live stock current value and its past values and can show if there is a momentum factor associated with investing in Cloud Live Technology.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Cloud Live financial ratios help investors to determine whether Cloud 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 Cloud with respect to the benefits of owning Cloud Live security.