Clearway Energy Operating Market Value
| 18539UAC9 | 92.80 3.58 3.71% |
| Symbol | Clearway |
Clearway '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's bond 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.
| 09/18/2024 |
| 11/17/2024 |
If you would invest 0.00 in Clearway on September 18, 2024 and sell it all today you would earn a total of 0.00 from holding Clearway Energy Operating or generate 0.0% return on investment in Clearway over 60 days. Clearway is related to or competes with 00108WAF7, 90331HPL1, Red Cat, Longleaf Partners, Dupont De, Merck, and Walmart. More
Clearway 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's bond 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 Operating upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 8.97 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 0.5155 |
Clearway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clearway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clearway's standard deviation. In reality, there are many statistical measures that can use Clearway historical prices to predict the future Clearway's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (1.43) |
Clearway Energy Operating Backtested Returns
Clearway Energy Operating secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the bond had a -0.14% return per unit of standard deviation over the last 3 months. Clearway Energy Operating exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clearway's risk adjusted performance of (0.05), and Mean Deviation of 0.441 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.055, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clearway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clearway is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
Clearway Energy Operating has weak predictability. Overlapping area represents the amount of predictability between Clearway time series from 18th of September 2024 to 18th of October 2024 and 18th of October 2024 to 17th 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 Operating price movement. The serial correlation of 0.21 indicates that over 21.0% of current Clearway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
Clearway Energy Operating lagged returns against current returns
Autocorrelation, which is Clearway bond'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's bond expected returns. We can calculate the autocorrelation of Clearway returns to help us make a trade decision. For example, suppose you find that Clearway has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clearway bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clearway bond over time.
Current vs Lagged Prices |
| Timeline |
Clearway Lagged Returns
When evaluating Clearway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clearway bond have on its future price. Clearway 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 autocorrelation shows the relationship between Clearway bond current value and its past values and can show if there is a momentum factor associated with investing in Clearway Energy Operating.
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 Bond
Clearway financial ratios help investors to determine whether Clearway Bond 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 security.