Clover Health's market value is the price at which a share of Clover Health trades on a public exchange. It measures the collective expectations of Clover Health Investments, investors about its performance. Clover Health is trading at 20.10 as of the 6th of January 2025, a 4.15% up since the beginning of the trading day. The stock's open price was 19.3. With this module, you can estimate the performance of a buy and hold strategy of Clover Health Investments, and determine expected loss or profit from investing in Clover Health over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
Clover
Clover Health '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 Clover Health'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 Clover Health.
0.00
12/07/2024
No Change 0.00
0.0
In 30 days
01/06/2025
0.00
If you would invest 0.00 in Clover Health on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Clover Health Investments, or generate 0.0% return on investment in Clover Health over 30 days.
Clover Health 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 Clover Health'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 Clover Health Investments, upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clover Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clover Health's standard deviation. In reality, there are many statistical measures that can use Clover Health historical prices to predict the future Clover Health's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Clover Health. Your research has to be compared to or analyzed against Clover Health's peers to derive any actionable benefits. When done correctly, Clover Health's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Clover Health Invest.
Clover Health Invest Backtested Returns
At this point, Clover Health is not too volatile. Clover Health Invest secures Sharpe Ratio (or Efficiency) of 0.004, which signifies that the company had a 0.004% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Clover Health Investments,, which you can use to evaluate the volatility of the firm. Please confirm Clover Health's Downside Deviation of 4.1, risk adjusted performance of 0.0892, and Mean Deviation of 3.18 to double-check if the risk estimate we provide is consistent with the expected return of 0.0145%. The firm shows a Beta (market volatility) of 1.16, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Clover Health will likely underperform. Clover Health Invest right now shows a risk of 3.66%. Please confirm Clover Health Invest maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Clover Health Invest will be following its price patterns.
Auto-correlation
0.62
Good predictability
Clover Health Investments, has good predictability. Overlapping area represents the amount of predictability between Clover Health time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 Clover Health Invest price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Clover Health price fluctuation can be explain by its past prices.
Correlation Coefficient
0.62
Spearman Rank Test
0.82
Residual Average
0.0
Price Variance
0.29
Clover Health Invest lagged returns against current returns
Autocorrelation, which is Clover Health 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 Clover Health's stock expected returns. We can calculate the autocorrelation of Clover Health returns to help us make a trade decision. For example, suppose you find that Clover Health 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
Clover Health 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 Clover Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clover Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clover Health stock over time.
Current vs Lagged Prices
Timeline
Clover Health Lagged Returns
When evaluating Clover Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clover Health stock have on its future price. Clover Health 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, Clover Health autocorrelation shows the relationship between Clover Health stock current value and its past values and can show if there is a momentum factor associated with investing in Clover Health Investments,.
Regressed Prices
Timeline
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