Clene Inc Stock Market Value
| CLNN Stock | USD 3.65 0.01 0.27% |
| Symbol | Clene |
Is Biotechnology 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 Clene. If investors know Clene 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 Clene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Clene Inc is measured differently than its book value, which is the value of Clene that is recorded on the company's balance sheet. Investors also form their own opinion of Clene's value that differs from its market value or its book value, called intrinsic value, which is Clene's 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 Clene's market value can be influenced by many factors that don't directly affect Clene's 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 Clene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clene's 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.
Clene '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 Clene'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 Clene.
| 04/29/2025 |
| 07/28/2025 |
If you would invest 0.00 in Clene on April 29, 2025 and sell it all today you would earn a total of 0.00 from holding Clene Inc or generate 0.0% return on investment in Clene over 90 days. Clene is related to or competes with Passage Bio, HCW Biologics, Generation Bio, GRI Bio, Connect Biopharma, Evaxion Biotech, and Transcode Therapeutics. Clene Inc., a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of nov... More
Clene 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 Clene'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 Clene Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.65 | |||
| Information Ratio | 0.0302 | |||
| Maximum Drawdown | 73.6 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 7.8 |
Clene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clene's standard deviation. In reality, there are many statistical measures that can use Clene historical prices to predict the future Clene's volatility.| Risk Adjusted Performance | 0.0521 | |||
| Jensen Alpha | 0.3421 | |||
| Total Risk Alpha | (1.67) | |||
| Sortino Ratio | 0.0536 | |||
| Treynor Ratio | 0.8397 |
Clene Inc Backtested Returns
Clene appears to be relatively risky, given 3 months investment horizon. Clene Inc secures Sharpe Ratio (or Efficiency) of 0.0555, which signifies that the company had a 0.0555 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Clene Inc, which you can use to evaluate the volatility of the firm. Please makes use of Clene's mean deviation of 3.94, and Risk Adjusted Performance of 0.0521 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Clene holds a performance score of 4. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clene is expected to be smaller as well. Please check Clene's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Clene's price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Clene Inc has weak reverse predictability. Overlapping area represents the amount of predictability between Clene time series from 29th of April 2025 to 13th of June 2025 and 13th of June 2025 to 28th of July 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 Clene Inc price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Clene price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Clene Inc lagged returns against current returns
Autocorrelation, which is Clene 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 Clene's stock expected returns. We can calculate the autocorrelation of Clene returns to help us make a trade decision. For example, suppose you find that Clene 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 |
Clene 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 Clene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clene stock over time.
Current vs Lagged Prices |
| Timeline |
Clene Lagged Returns
When evaluating Clene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clene stock have on its future price. Clene 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, Clene autocorrelation shows the relationship between Clene stock current value and its past values and can show if there is a momentum factor associated with investing in Clene Inc.
Regressed Prices |
| Timeline |
Pair Trading with Clene
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 Clene 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 Clene will appreciate offsetting losses from the drop in the long position's value.Moving against Clene Stock
| 0.66 | DRMA | Dermata Therapeutics | PairCorr |
| 0.65 | DRUG | Bright Minds Biosciences Trending | PairCorr |
| 0.63 | VRAX | Virax Biolabs Group | PairCorr |
| 0.54 | VCYT | Veracyte Buyout Trend | PairCorr |
| 0.54 | VIVS | VivoSim Labs, Symbol Change | PairCorr |
The ability to find closely correlated positions to Clene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clene 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 Clene - 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 Clene Inc to buy it.
The correlation of Clene 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 Clene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clene Inc 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 Clene 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.Check out Clene Correlation, Clene Volatility and Clene Alpha and Beta module to complement your research on Clene. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Clene 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.