Cleango Innovations Stock Market Value
| CLGOF Stock | USD 0.17 0.01 6.25% |
| Symbol | CleanGo |
CleanGo Innovations '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 CleanGo Innovations' otc 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 CleanGo Innovations.
| 12/12/2024 |
| 03/12/2025 |
If you would invest 0.00 in CleanGo Innovations on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding CleanGo Innovations or generate 0.0% return on investment in CleanGo Innovations over 90 days. CleanGo Innovations is related to or competes with Coca Cola, United Microelectronics, Monster Beverage, MagnaChip Semiconductor, National Beverage, Arm Holdings, and Cirrus Logic. CleanGo Innovations Inc. manufactures and sells non-toxic, biodegradable cleaning, disinfecting, and industrial solution... More
CleanGo Innovations 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 CleanGo Innovations' otc 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 CleanGo Innovations upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0707 | |||
| Maximum Drawdown | 347.42 | |||
| Value At Risk | (17.65) | |||
| Potential Upside | 6.25 |
CleanGo Innovations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CleanGo Innovations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CleanGo Innovations' standard deviation. In reality, there are many statistical measures that can use CleanGo Innovations historical prices to predict the future CleanGo Innovations' volatility.| Risk Adjusted Performance | 0.0658 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | 8.11 | |||
| Treynor Ratio | (0.27) |
CleanGo Innovations Backtested Returns
CleanGo Innovations is out of control given 3 months investment horizon. CleanGo Innovations secures Sharpe Ratio (or Efficiency) of 0.0648, which signifies that the company had a 0.0648 % return per unit of standard deviation over the last 3 months. We were able to break down and interpolate data for twenty-one different technical indicators, which can help you to evaluate if expected returns of 2.47% are justified by taking the suggested risk. Use CleanGo Innovations risk adjusted performance of 0.0658, and Mean Deviation of 9.13 to evaluate company specific risk that cannot be diversified away. CleanGo Innovations holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -8.83, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CleanGo Innovations are expected to decrease by larger amounts. On the other hand, during market turmoil, CleanGo Innovations is expected to outperform it. Use CleanGo Innovations variance and the relationship between the treynor ratio and price action indicator , to analyze future returns on CleanGo Innovations.
Auto-correlation | -0.02 |
Very weak reverse predictability
CleanGo Innovations has very weak reverse predictability. Overlapping area represents the amount of predictability between CleanGo Innovations time series from 12th of December 2024 to 26th of January 2025 and 26th of January 2025 to 12th of March 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 CleanGo Innovations price movement. The serial correlation of -0.02 indicates that only 2.0% of current CleanGo Innovations price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CleanGo Innovations lagged returns against current returns
Autocorrelation, which is CleanGo Innovations otc 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 CleanGo Innovations' otc stock expected returns. We can calculate the autocorrelation of CleanGo Innovations returns to help us make a trade decision. For example, suppose you find that CleanGo Innovations has exhibited high autocorrelation historically, and you observe that the otc 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 |
CleanGo Innovations 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 CleanGo Innovations otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CleanGo Innovations otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CleanGo Innovations otc stock over time.
Current vs Lagged Prices |
| Timeline |
CleanGo Innovations Lagged Returns
When evaluating CleanGo Innovations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CleanGo Innovations otc stock have on its future price. CleanGo Innovations 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, CleanGo Innovations autocorrelation shows the relationship between CleanGo Innovations otc stock current value and its past values and can show if there is a momentum factor associated with investing in CleanGo Innovations.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CleanGo OTC Stock
CleanGo Innovations financial ratios help investors to determine whether CleanGo OTC 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 CleanGo with respect to the benefits of owning CleanGo Innovations security.