Close Loop (Australia) Market Value
| CLG Stock | 0.24 0.01 4.35% |
| Symbol | Close |
Close Loop '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 Close Loop'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 Close Loop.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Close Loop on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Close The Loop or generate 0.0% return on investment in Close Loop over 60 days. Close Loop is related to or competes with Sandon Capital, Diversified United, Gold Road, Carlton Investments, and Clime Investment. Close Loop is entity of Australia. It is traded as Stock on AU exchange. More
Close Loop 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 Close Loop'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 Close The Loop upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.8 | |||
| Information Ratio | 0.0605 | |||
| Maximum Drawdown | 31.05 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 10.53 |
Close Loop Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Close Loop's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Close Loop's standard deviation. In reality, there are many statistical measures that can use Close Loop historical prices to predict the future Close Loop's volatility.| Risk Adjusted Performance | 0.0612 | |||
| Jensen Alpha | 0.3015 | |||
| Total Risk Alpha | 0.2292 | |||
| Sortino Ratio | 0.0499 | |||
| Treynor Ratio | 8.01 |
Close The Loop Backtested Returns
Close Loop appears to be out of control, given 3 months investment horizon. Close The Loop secures Sharpe Ratio (or Efficiency) of 0.0679, which signifies that the company had a 0.0679% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Close The Loop, which you can use to evaluate the volatility of the firm. Please makes use of Close Loop's Downside Deviation of 5.8, risk adjusted performance of 0.0612, and Mean Deviation of 3.06 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Close Loop holds a performance score of 5. The firm shows a Beta (market volatility) of 0.0377, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Close Loop's returns are expected to increase less than the market. However, during the bear market, the loss of holding Close Loop is expected to be smaller as well. Please check Close Loop's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Close Loop's price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Close The Loop has poor predictability. Overlapping area represents the amount of predictability between Close Loop time series from 5th of November 2024 to 5th of December 2024 and 5th 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 Close The Loop price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Close Loop price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Close The Loop lagged returns against current returns
Autocorrelation, which is Close Loop 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 Close Loop's stock expected returns. We can calculate the autocorrelation of Close Loop returns to help us make a trade decision. For example, suppose you find that Close Loop 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 |
Close Loop 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 Close Loop stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Close Loop stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Close Loop stock over time.
Current vs Lagged Prices |
| Timeline |
Close Loop Lagged Returns
When evaluating Close Loop's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Close Loop stock have on its future price. Close Loop 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, Close Loop autocorrelation shows the relationship between Close Loop stock current value and its past values and can show if there is a momentum factor associated with investing in Close The Loop.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Close Stock Analysis
When running Close Loop's price analysis, check to measure Close Loop's 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 Close Loop is operating at the current time. Most of Close Loop's value examination focuses on studying past and present price action to predict the probability of Close Loop's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Close Loop's price. Additionally, you may evaluate how the addition of Close Loop to your portfolios can decrease your overall portfolio volatility.