Clean Harbors (Germany) Market Value
| CH6 Stock | EUR 242.60 0.40 0.16% |
| Symbol | Clean |
Clean Harbors '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 Clean Harbors' 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 Clean Harbors.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Clean Harbors on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Clean Harbors or generate 0.0% return on investment in Clean Harbors over 720 days. Clean Harbors is related to or competes with Veolia Environnement, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Talanx AG. Clean Harbors, Inc. provides environmental, energy, and industrial services in North America More
Clean Harbors 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 Clean Harbors' 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 Clean Harbors upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0138 | |||
| Maximum Drawdown | 14.66 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.34 |
Clean Harbors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clean Harbors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clean Harbors' standard deviation. In reality, there are many statistical measures that can use Clean Harbors historical prices to predict the future Clean Harbors' volatility.| Risk Adjusted Performance | 0.0675 | |||
| Jensen Alpha | 0.0244 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0147 | |||
| Treynor Ratio | 0.1512 |
Clean Harbors Backtested Returns
At this point, Clean Harbors is very steady. Clean Harbors secures Sharpe Ratio (or Efficiency) of 0.0777, which signifies that the company had a 0.0777% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Clean Harbors, which you can use to evaluate the volatility of the firm. Please confirm Clean Harbors' mean deviation of 1.31, and Risk Adjusted Performance of 0.0675 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Clean Harbors has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.03, which signifies a somewhat significant risk relative to the market. Clean Harbors returns are very sensitive to returns on the market. As the market goes up or down, Clean Harbors is expected to follow. Clean Harbors right now shows a risk of 2.08%. Please confirm Clean Harbors mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if Clean Harbors will be following its price patterns.
Auto-correlation | 0.88 |
Very good predictability
Clean Harbors has very good predictability. Overlapping area represents the amount of predictability between Clean Harbors time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Clean Harbors price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Clean Harbors price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 728.26 |
Clean Harbors lagged returns against current returns
Autocorrelation, which is Clean Harbors 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 Clean Harbors' stock expected returns. We can calculate the autocorrelation of Clean Harbors returns to help us make a trade decision. For example, suppose you find that Clean Harbors 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 |
Clean Harbors 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 Clean Harbors stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clean Harbors stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clean Harbors stock over time.
Current vs Lagged Prices |
| Timeline |
Clean Harbors Lagged Returns
When evaluating Clean Harbors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clean Harbors stock have on its future price. Clean Harbors 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, Clean Harbors autocorrelation shows the relationship between Clean Harbors stock current value and its past values and can show if there is a momentum factor associated with investing in Clean Harbors.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Clean Stock
When determining whether Clean Harbors offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Clean Harbors' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Clean Harbors Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Clean Harbors Stock:Check out Clean Harbors Correlation, Clean Harbors Volatility and Clean Harbors Alpha and Beta module to complement your research on Clean Harbors. For more detail on how to invest in Clean Stock please use our How to Invest in Clean Harbors guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Clean Harbors 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.