Clevo (Taiwan) Market Value
| 2362 Stock | TWD 55.70 0.20 0.36% |
| Symbol | Clevo |
Clevo '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 Clevo'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 Clevo.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Clevo on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Clevo Co or generate 0.0% return on investment in Clevo over 90 days. Clevo is related to or competes with Inventec Corp, Compal Electronics, Cheng Uei, Pan International, and Synnex Technology. Clevo Co., an ODMOEM manufacturer, provides hardware solutions for notebooks, tablets, and all-in-one PCs worldwide More
Clevo 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 Clevo'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 Clevo Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.09 | |||
| Value At Risk | (3.34) | |||
| Potential Upside | 5.34 |
Clevo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clevo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clevo's standard deviation. In reality, there are many statistical measures that can use Clevo historical prices to predict the future Clevo's volatility.| Risk Adjusted Performance | 0.0277 | |||
| Jensen Alpha | 0.1469 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.09) |
Clevo Backtested Returns
At this stage we consider Clevo Stock to be very steady. Clevo secures Sharpe Ratio (or Efficiency) of 0.0184, which signifies that the company had a 0.0184% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Clevo Co, which you can use to evaluate the volatility of the firm. Please confirm Clevo's mean deviation of 1.74, and Risk Adjusted Performance of 0.0277 to double-check if the risk estimate we provide is consistent with the expected return of 0.0505%. Clevo has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Clevo are expected to decrease at a much lower rate. During the bear market, Clevo is likely to outperform the market. Clevo right now shows a risk of 2.75%. Please confirm Clevo market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Clevo will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Clevo Co has very good reverse predictability. Overlapping area represents the amount of predictability between Clevo time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Clevo price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Clevo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 2.61 |
Clevo lagged returns against current returns
Autocorrelation, which is Clevo 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 Clevo's stock expected returns. We can calculate the autocorrelation of Clevo returns to help us make a trade decision. For example, suppose you find that Clevo 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 |
Clevo 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 Clevo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clevo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clevo stock over time.
Current vs Lagged Prices |
| Timeline |
Clevo Lagged Returns
When evaluating Clevo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clevo stock have on its future price. Clevo 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, Clevo autocorrelation shows the relationship between Clevo stock current value and its past values and can show if there is a momentum factor associated with investing in Clevo Co.
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.Additional Tools for Clevo Stock Analysis
When running Clevo's price analysis, check to measure Clevo'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 Clevo is operating at the current time. Most of Clevo's value examination focuses on studying past and present price action to predict the probability of Clevo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clevo's price. Additionally, you may evaluate how the addition of Clevo to your portfolios can decrease your overall portfolio volatility.