Clean Harbors Stock Market Value
| CLH Stock | USD 193.73 4.13 2.18% |
| Symbol | Clean |
Clean Harbors Price To Book Ratio
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clean Harbors. If investors know Clean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clean Harbors listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Earnings Share 7.42 | Revenue Per Share | Quarterly Revenue Growth 0.069 | Return On Assets |
The market value of Clean Harbors is measured differently than its book value, which is the value of Clean that is recorded on the company's balance sheet. Investors also form their own opinion of Clean Harbors' value that differs from its market value or its book value, called intrinsic value, which is Clean Harbors' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clean Harbors' market value can be influenced by many factors that don't directly affect Clean Harbors' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clean Harbors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Clean Harbors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clean Harbors' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Clean Harbors on December 14, 2024 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 90 days. Clean Harbors is related to or competes with Waste Connections, Casella Waste, Waste Management, Gfl Environmental, Montrose Environmental, and Republic Services. Clean Harbors, Inc. provides environmental 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.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 8.6 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 2.12 |
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 | (0.19) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.55) |
Clean Harbors Backtested Returns
Clean Harbors secures Sharpe Ratio (or Efficiency) of -0.28, which signifies that the company had a -0.28 % return per unit of standard deviation over the last 3 months. Clean Harbors exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clean Harbors' mean deviation of 1.28, and Risk Adjusted Performance of (0.19) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clean Harbors' returns are expected to increase less than the market. However, during the bear market, the loss of holding Clean Harbors is expected to be smaller as well. At this point, Clean Harbors has a negative expected return of -0.44%. Please make sure to confirm Clean Harbors' potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Clean Harbors performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.46 |
Modest reverse predictability
Clean Harbors has modest reverse predictability. Overlapping area represents the amount of predictability between Clean Harbors time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Clean Harbors price movement. The serial correlation of -0.46 indicates that about 46.0% of current Clean Harbors price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 180.3 |
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 |
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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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.