Clearway Energy Stock Market Value
| CWEN-A Stock | USD 27.76 0.17 0.61% |
| Symbol | Clearway |
Clearway Energy Price To Book Ratio
Clearway Energy '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 Clearway Energy'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 Clearway Energy.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Clearway Energy on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Clearway Energy or generate 0.0% return on investment in Clearway Energy over 570 days. Clearway Energy is related to or competes with Atlantica Sustainable, Brookfield Renewable, Nextera Energy, Brookfield Renewable, Clearway Energy, Orsted A/S, and Innergex Renewable. Clearway Energy, Inc., through its subsidiaries, acquires, owns, and operates contracted renewable energy and convention... More
Clearway Energy 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 Clearway Energy'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 Clearway Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.5 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 2.78 |
Clearway Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearway Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearway Energy's standard deviation. In reality, there are many statistical measures that can use Clearway Energy historical prices to predict the future Clearway Energy's volatility.| Risk Adjusted Performance | 0.0454 | |||
| Jensen Alpha | 0.1337 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.31) |
Clearway Energy Backtested Returns
At this point, Clearway Energy is very steady. Clearway Energy secures Sharpe Ratio (or Efficiency) of 0.0581, which signifies that the company had a 0.0581% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Clearway Energy, which you can use to evaluate the volatility of the firm. Please confirm Clearway Energy's mean deviation of 1.43, and Risk Adjusted Performance of 0.0454 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Clearway Energy has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Clearway Energy are expected to decrease at a much lower rate. During the bear market, Clearway Energy is likely to outperform the market. Clearway Energy right now shows a risk of 2.13%. Please confirm Clearway Energy downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Clearway Energy will be following its price patterns.
Auto-correlation | -0.58 |
Good reverse predictability
Clearway Energy has good reverse predictability. Overlapping area represents the amount of predictability between Clearway Energy time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 Clearway Energy price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Clearway Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 6.68 |
Clearway Energy lagged returns against current returns
Autocorrelation, which is Clearway Energy 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 Clearway Energy's stock expected returns. We can calculate the autocorrelation of Clearway Energy returns to help us make a trade decision. For example, suppose you find that Clearway Energy 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 |
Clearway Energy 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 Clearway Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearway Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clearway Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Clearway Energy Lagged Returns
When evaluating Clearway Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearway Energy stock have on its future price. Clearway Energy 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, Clearway Energy autocorrelation shows the relationship between Clearway Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Clearway Energy.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Clearway Stock
Clearway Energy financial ratios help investors to determine whether Clearway 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 Clearway with respect to the benefits of owning Clearway Energy security.