Cleveland Cliffs (Mexico) Market Value
| CLF Stock | MXN 188.99 1.99 1.06% |
| Symbol | Cleveland |
Cleveland Cliffs '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 Cleveland Cliffs' 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 Cleveland Cliffs.
| 10/24/2024 |
| 12/23/2024 |
If you would invest 0.00 in Cleveland Cliffs on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cleveland Cliffs or generate 0.0% return on investment in Cleveland Cliffs over 60 days. Cleveland Cliffs is related to or competes with BHP, Rio Tinto, Vale SA, Glencore Plc, Minera Frisco, and Compaa Minera. Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States, Canada, and internationally More
Cleveland Cliffs 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 Cleveland Cliffs' 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 Cleveland Cliffs upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 33.3 | |||
| Value At Risk | (5.34) | |||
| Potential Upside | 6.8 |
Cleveland Cliffs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleveland Cliffs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleveland Cliffs' standard deviation. In reality, there are many statistical measures that can use Cleveland Cliffs historical prices to predict the future Cleveland Cliffs' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.3162 |
Cleveland Cliffs Backtested Returns
Cleveland Cliffs secures Sharpe Ratio (or Efficiency) of -0.0377, which signifies that the company had a -0.0377% return per unit of standard deviation over the last 3 months. Cleveland Cliffs exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cleveland Cliffs' mean deviation of 2.31, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cleveland Cliffs are expected to decrease at a much lower rate. During the bear market, Cleveland Cliffs is likely to outperform the market. At this point, Cleveland Cliffs has a negative expected return of -0.18%. Please make sure to confirm Cleveland Cliffs' coefficient of variation, treynor ratio, skewness, as well as the relationship between the jensen alpha and value at risk , to decide if Cleveland Cliffs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.86 |
Very good predictability
Cleveland Cliffs has very good predictability. Overlapping area represents the amount of predictability between Cleveland Cliffs time series from 24th of October 2024 to 23rd of November 2024 and 23rd of November 2024 to 23rd 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 Cleveland Cliffs price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Cleveland Cliffs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 718.49 |
Cleveland Cliffs lagged returns against current returns
Autocorrelation, which is Cleveland Cliffs 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 Cleveland Cliffs' stock expected returns. We can calculate the autocorrelation of Cleveland Cliffs returns to help us make a trade decision. For example, suppose you find that Cleveland Cliffs 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 |
Cleveland Cliffs 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 Cleveland Cliffs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleveland Cliffs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cleveland Cliffs stock over time.
Current vs Lagged Prices |
| Timeline |
Cleveland Cliffs Lagged Returns
When evaluating Cleveland Cliffs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleveland Cliffs stock have on its future price. Cleveland Cliffs 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, Cleveland Cliffs autocorrelation shows the relationship between Cleveland Cliffs stock current value and its past values and can show if there is a momentum factor associated with investing in Cleveland Cliffs.
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 Cleveland Stock Analysis
When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' 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 Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.