Cleanspark Stock Market Value
| CLSK Stock | USD 9.80 0.53 5.13% |
| Symbol | CleanSpark |
CleanSpark Price To Book Ratio
Is Application Software 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 CleanSpark. If investors know CleanSpark 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 CleanSpark listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.99) | Revenue Per Share 1.788 | Quarterly Revenue Growth 1.287 | Return On Assets 0.022 | Return On Equity (0.15) |
The market value of CleanSpark is measured differently than its book value, which is the value of CleanSpark that is recorded on the company's balance sheet. Investors also form their own opinion of CleanSpark's value that differs from its market value or its book value, called intrinsic value, which is CleanSpark'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 CleanSpark's market value can be influenced by many factors that don't directly affect CleanSpark'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 CleanSpark's value and its price as these two are different measures arrived at by different means. Investors typically determine if CleanSpark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CleanSpark'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.
CleanSpark '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 CleanSpark'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 CleanSpark.
| 05/09/2024 |
| 11/05/2024 |
If you would invest 0.00 in CleanSpark on May 9, 2024 and sell it all today you would earn a total of 0.00 from holding CleanSpark or generate 0.0% return on investment in CleanSpark over 180 days. CleanSpark is related to or competes with Hut 8, HIVE Blockchain, Bit Digital, Terawulf, Bitfarms, Marathon Digital, and Riot Blockchain. CleanSpark, Inc. provides bitcoin mining and energy technology solutions worldwide More
CleanSpark 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 CleanSpark'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 CleanSpark upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 26.0 | |||
| Value At Risk | (9.57) | |||
| Potential Upside | 10.38 |
CleanSpark Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CleanSpark's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CleanSpark's standard deviation. In reality, there are many statistical measures that can use CleanSpark historical prices to predict the future CleanSpark's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CleanSpark's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CleanSpark Backtested Returns
CleanSpark secures Sharpe Ratio (or Efficiency) of -0.0066, which signifies that the company had a -0.0066% return per unit of standard deviation over the last 3 months. CleanSpark exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CleanSpark's mean deviation of 4.41, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 5.05, 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, CleanSpark will likely underperform. At this point, CleanSpark has a negative expected return of -0.0372%. Please make sure to confirm CleanSpark's total risk alpha, as well as the relationship between the skewness and day median price , to decide if CleanSpark performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.1 |
Very weak reverse predictability
CleanSpark has very weak reverse predictability. Overlapping area represents the amount of predictability between CleanSpark time series from 9th of May 2024 to 7th of August 2024 and 7th of August 2024 to 5th 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 CleanSpark price movement. The serial correlation of -0.1 indicates that less than 10.0% of current CleanSpark price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.91 |
CleanSpark lagged returns against current returns
Autocorrelation, which is CleanSpark 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 CleanSpark's stock expected returns. We can calculate the autocorrelation of CleanSpark returns to help us make a trade decision. For example, suppose you find that CleanSpark 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 |
CleanSpark 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 CleanSpark stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CleanSpark stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CleanSpark stock over time.
Current vs Lagged Prices |
| Timeline |
CleanSpark Lagged Returns
When evaluating CleanSpark's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CleanSpark stock have on its future price. CleanSpark 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, CleanSpark autocorrelation shows the relationship between CleanSpark stock current value and its past values and can show if there is a momentum factor associated with investing in CleanSpark.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out CleanSpark Correlation, CleanSpark Volatility and CleanSpark Alpha and Beta module to complement your research on CleanSpark. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
CleanSpark 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.