Clear Channel Outdoor Stock Market Value
| CCO Stock | USD 1.57 0.01 0.64% |
| Symbol | Clear |
Clear Channel Outdoor Price To Book Ratio
Is Advertising space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clear Channel. If investors know Clear will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clear Channel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.76) | Earnings Share (0.30) | Revenue Per Share 4.59 | Quarterly Revenue Growth 0.061 | Return On Assets 0.039 |
The market value of Clear Channel Outdoor is measured differently than its book value, which is the value of Clear that is recorded on the company's balance sheet. Investors also form their own opinion of Clear Channel's value that differs from its market value or its book value, called intrinsic value, which is Clear Channel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clear Channel's market value can be influenced by many factors that don't directly affect Clear Channel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clear Channel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clear Channel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clear Channel'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.
Clear Channel '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 Clear Channel'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 Clear Channel.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Clear Channel on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Clear Channel Outdoor or generate 0.0% return on investment in Clear Channel over 90 days. Clear Channel is related to or competes with Criteo Sa, Deluxe, Emerald Expositions, Marchex, Integral, Cimpress, and Innovid Corp. Clear Channel Outdoor Holdings, Inc. owns, operates, and sells advertising displays in the United States and internation... More
Clear Channel 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 Clear Channel'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 Clear Channel Outdoor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.71 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 15.91 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 6.0 |
Clear Channel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clear Channel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clear Channel's standard deviation. In reality, there are many statistical measures that can use Clear Channel historical prices to predict the future Clear Channel's volatility.| Risk Adjusted Performance | 0.0336 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0448 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clear Channel'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.
Clear Channel Outdoor Backtested Returns
As of now, Clear Stock is very risky. Clear Channel Outdoor secures Sharpe Ratio (or Efficiency) of 0.0178, which signifies that the company had a 0.0178% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Clear Channel Outdoor, which you can use to evaluate the volatility of the firm. Please confirm Clear Channel's risk adjusted performance of 0.0336, and Mean Deviation of 2.17 to double-check if the risk estimate we provide is consistent with the expected return of 0.0529%. Clear Channel has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 2.12, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Clear Channel will likely underperform. Clear Channel Outdoor right now shows a risk of 2.98%. Please confirm Clear Channel Outdoor potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Clear Channel Outdoor will be following its price patterns.
Auto-correlation | -0.52 |
Good reverse predictability
Clear Channel Outdoor has good reverse predictability. Overlapping area represents the amount of predictability between Clear Channel time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 Clear Channel Outdoor price movement. The serial correlation of -0.52 indicates that about 52.0% of current Clear Channel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Clear Channel Outdoor lagged returns against current returns
Autocorrelation, which is Clear Channel 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 Clear Channel's stock expected returns. We can calculate the autocorrelation of Clear Channel returns to help us make a trade decision. For example, suppose you find that Clear Channel 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 |
Clear Channel 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 Clear Channel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clear Channel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clear Channel stock over time.
Current vs Lagged Prices |
| Timeline |
Clear Channel Lagged Returns
When evaluating Clear Channel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clear Channel stock have on its future price. Clear Channel 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, Clear Channel autocorrelation shows the relationship between Clear Channel stock current value and its past values and can show if there is a momentum factor associated with investing in Clear Channel Outdoor.
Regressed Prices |
| Timeline |
Pair Trading with Clear Channel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clear Channel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clear Channel will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Clear Channel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clear Channel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clear Channel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clear Channel Outdoor to buy it.
The correlation of Clear Channel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clear Channel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clear Channel Outdoor moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clear Channel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Clear Channel Correlation, Clear Channel Volatility and Clear Channel Alpha and Beta module to complement your research on Clear Channel. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Clear Channel technical stock 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, stock market cycles, or different charting patterns.