CLOVER HEALTH (Germany) Market Value
| 7QD Stock | 2.97 0.07 2.30% |
| Symbol | CLOVER |
CLOVER HEALTH '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 CLOVER HEALTH'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 CLOVER HEALTH.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in CLOVER HEALTH on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding CLOVER HEALTH INV or generate 0.0% return on investment in CLOVER HEALTH over 30 days. CLOVER HEALTH is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. More
CLOVER HEALTH 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 CLOVER HEALTH'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 CLOVER HEALTH INV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.89 | |||
| Information Ratio | 0.0601 | |||
| Maximum Drawdown | 43.78 | |||
| Value At Risk | (6.15) | |||
| Potential Upside | 6.32 |
CLOVER HEALTH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CLOVER HEALTH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CLOVER HEALTH's standard deviation. In reality, there are many statistical measures that can use CLOVER HEALTH historical prices to predict the future CLOVER HEALTH's volatility.| Risk Adjusted Performance | 0.0607 | |||
| Jensen Alpha | 0.3284 | |||
| Total Risk Alpha | 0.2489 | |||
| Sortino Ratio | 0.0648 | |||
| Treynor Ratio | 7.06 |
CLOVER HEALTH INV Backtested Returns
CLOVER HEALTH INV secures Sharpe Ratio (or Efficiency) of -0.0379, which signifies that the company had a -0.0379% return per unit of risk over the last 3 months. CLOVER HEALTH INV exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CLOVER HEALTH's mean deviation of 3.29, and Risk Adjusted Performance of 0.0607 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0466, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CLOVER HEALTH's returns are expected to increase less than the market. However, during the bear market, the loss of holding CLOVER HEALTH is expected to be smaller as well. At this point, CLOVER HEALTH INV has a negative expected return of -0.15%. Please make sure to confirm CLOVER HEALTH's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if CLOVER HEALTH INV performance from the past will be repeated in the future.
Auto-correlation | 0.60 |
Good predictability
CLOVER HEALTH INV has good predictability. Overlapping area represents the amount of predictability between CLOVER HEALTH time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CLOVER HEALTH INV price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current CLOVER HEALTH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CLOVER HEALTH INV lagged returns against current returns
Autocorrelation, which is CLOVER HEALTH 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 CLOVER HEALTH's stock expected returns. We can calculate the autocorrelation of CLOVER HEALTH returns to help us make a trade decision. For example, suppose you find that CLOVER HEALTH 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 |
CLOVER HEALTH 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 CLOVER HEALTH stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CLOVER HEALTH stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CLOVER HEALTH stock over time.
Current vs Lagged Prices |
| Timeline |
CLOVER HEALTH Lagged Returns
When evaluating CLOVER HEALTH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CLOVER HEALTH stock have on its future price. CLOVER HEALTH 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, CLOVER HEALTH autocorrelation shows the relationship between CLOVER HEALTH stock current value and its past values and can show if there is a momentum factor associated with investing in CLOVER HEALTH INV.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CLOVER Stock
CLOVER HEALTH financial ratios help investors to determine whether CLOVER 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 CLOVER with respect to the benefits of owning CLOVER HEALTH security.