Claranova (France) Market Value
| CLA Stock | EUR 1.47 0.05 3.52% |
| Symbol | Claranova |
Claranova '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 Claranova'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 Claranova.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Claranova on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Claranova SE or generate 0.0% return on investment in Claranova over 360 days. Claranova is related to or competes with BigBen Interactive, SA Catana, and Solocal Group. Claranova S.E. engages in the digital printing, management of the Internet of Things, and e-commerce businesses More
Claranova 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 Claranova'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 Claranova SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 13.14 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 7.87 |
Claranova Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Claranova's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Claranova's standard deviation. In reality, there are many statistical measures that can use Claranova historical prices to predict the future Claranova's volatility.| Risk Adjusted Performance | 0.021 | |||
| Jensen Alpha | 0.0224 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2678 |
Claranova SE Backtested Returns
At this point, Claranova is dangerous. Claranova SE 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 Claranova SE, which you can use to evaluate the volatility of the firm. Please confirm Claranova's risk adjusted performance of 0.021, and Mean Deviation of 2.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.0527%. Claranova has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Claranova's returns are expected to increase less than the market. However, during the bear market, the loss of holding Claranova is expected to be smaller as well. Claranova SE right now shows a risk of 2.96%. Please confirm Claranova SE mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Claranova SE will be following its price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
Claranova SE has very good reverse predictability. Overlapping area represents the amount of predictability between Claranova time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 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 Claranova SE price movement. The serial correlation of -0.67 indicates that around 67.0% of current Claranova price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Claranova SE lagged returns against current returns
Autocorrelation, which is Claranova 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 Claranova's stock expected returns. We can calculate the autocorrelation of Claranova returns to help us make a trade decision. For example, suppose you find that Claranova 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 |
Claranova 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 Claranova stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Claranova stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Claranova stock over time.
Current vs Lagged Prices |
| Timeline |
Claranova Lagged Returns
When evaluating Claranova's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Claranova stock have on its future price. Claranova 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, Claranova autocorrelation shows the relationship between Claranova stock current value and its past values and can show if there is a momentum factor associated with investing in Claranova SE.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Claranova Stock
Claranova financial ratios help investors to determine whether Claranova 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 Claranova with respect to the benefits of owning Claranova security.