Clairvest Group Stock Market Value
| CVG Stock | CAD 70.01 1.49 2.08% |
| Symbol | Clairvest |
Clairvest Group Price To Book Ratio
Clairvest '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 Clairvest'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 Clairvest.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Clairvest on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Clairvest Group or generate 0.0% return on investment in Clairvest over 90 days. Clairvest is related to or competes with Clarke, Guardian Capital, Accord Financial, E L, and Senvest Capital. Clairvest Group Inc. is a private equity firm specializing in mid market, growth equity investments, buyouts, and consol... More
Clairvest 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 Clairvest'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 Clairvest Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.91 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.39 |
Clairvest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clairvest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clairvest's standard deviation. In reality, there are many statistical measures that can use Clairvest historical prices to predict the future Clairvest's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.47) |
Clairvest Group Backtested Returns
As of now, Clairvest Stock is very steady. Clairvest Group secures Sharpe Ratio (or Efficiency) of 0.0047, which signifies that the company had a 0.0047% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for Clairvest Group, which you can use to evaluate the volatility of the firm. Please confirm Clairvest's mean deviation of 0.5256, and Risk Adjusted Performance of (0.02) to double-check if the risk estimate we provide is consistent with the expected return of 0.0049%. The firm shows a Beta (market volatility) of 0.0853, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clairvest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clairvest is expected to be smaller as well. Clairvest Group right now shows a risk of 1.05%. Please confirm Clairvest Group coefficient of variation, value at risk, rate of daily change, as well as the relationship between the total risk alpha and kurtosis , to decide if Clairvest Group will be following its price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Clairvest Group has virtually no predictability. Overlapping area represents the amount of predictability between Clairvest time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Clairvest Group price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Clairvest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Clairvest Group lagged returns against current returns
Autocorrelation, which is Clairvest 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 Clairvest's stock expected returns. We can calculate the autocorrelation of Clairvest returns to help us make a trade decision. For example, suppose you find that Clairvest 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 |
Clairvest 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 Clairvest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clairvest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clairvest stock over time.
Current vs Lagged Prices |
| Timeline |
Clairvest Lagged Returns
When evaluating Clairvest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clairvest stock have on its future price. Clairvest 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, Clairvest autocorrelation shows the relationship between Clairvest stock current value and its past values and can show if there is a momentum factor associated with investing in Clairvest Group.
Regressed Prices |
| Timeline |
Pair Trading with Clairvest
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clairvest position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clairvest will appreciate offsetting losses from the drop in the long position's value.Moving against Clairvest Stock
The ability to find closely correlated positions to Clairvest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clairvest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clairvest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clairvest Group to buy it.
The correlation of Clairvest is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clairvest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clairvest Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clairvest can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Clairvest Stock
Clairvest financial ratios help investors to determine whether Clairvest 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 Clairvest with respect to the benefits of owning Clairvest security.