Clarivate Plc Stock Market Value
| CLVT Stock | USD 6.25 0.01 0.16% |
| Symbol | CLARIVATE |
CLARIVATE PLC Price To Book Ratio
Is CLARIVATE PLC's industry 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 CLARIVATE PLC. If investors know CLARIVATE 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 CLARIVATE PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.65) | Revenue Per Share 3.914 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0129 | Return On Equity (0.16) |
The market value of CLARIVATE PLC is measured differently than its book value, which is the value of CLARIVATE that is recorded on the company's balance sheet. Investors also form their own opinion of CLARIVATE PLC's value that differs from its market value or its book value, called intrinsic value, which is CLARIVATE PLC'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 CLARIVATE PLC's market value can be influenced by many factors that don't directly affect CLARIVATE PLC'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 CLARIVATE PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if CLARIVATE PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CLARIVATE PLC'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.
CLARIVATE PLC '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 CLARIVATE PLC'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 CLARIVATE PLC.
| 04/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in CLARIVATE PLC on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding CLARIVATE PLC or generate 0.0% return on investment in CLARIVATE PLC over 30 days. CLARIVATE PLC is related to or competes with Genpact, ExlService Holdings, Science Applications, WNS Holdings, Leidos Holdings, Parsons Corp, and ASGN. Clarivate Plc, an information services and analytics company, provides structured information and analytics for discover... More
CLARIVATE PLC 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 CLARIVATE PLC'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 CLARIVATE PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 21.03 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 2.92 |
CLARIVATE PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CLARIVATE PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CLARIVATE PLC's standard deviation. In reality, there are many statistical measures that can use CLARIVATE PLC historical prices to predict the future CLARIVATE PLC's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (0.92) | |||
| Treynor Ratio | (0.30) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CLARIVATE PLC'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.
CLARIVATE PLC Backtested Returns
CLARIVATE PLC retains Efficiency (Sharpe Ratio) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. CLARIVATE PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CLARIVATE PLC's variance of 10.08, and Market Risk Adjusted Performance of (0.29) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.81, 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, CLARIVATE PLC will likely underperform. CLARIVATE PLC has an expected return of -0.59%. Please make sure to confirm CLARIVATE PLC total risk alpha, as well as the relationship between the kurtosis and market facilitation index , to decide if CLARIVATE PLC performance from the past will be repeated in the future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
CLARIVATE PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between CLARIVATE PLC time series from 11th of April 2024 to 26th of April 2024 and 26th of April 2024 to 11th of May 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 CLARIVATE PLC price movement. The serial correlation of -0.11 indicates that less than 11.0% of current CLARIVATE PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
CLARIVATE PLC lagged returns against current returns
Autocorrelation, which is CLARIVATE PLC 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 CLARIVATE PLC's stock expected returns. We can calculate the autocorrelation of CLARIVATE PLC returns to help us make a trade decision. For example, suppose you find that CLARIVATE PLC 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 |
CLARIVATE PLC 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 CLARIVATE PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CLARIVATE PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CLARIVATE PLC stock over time.
Current vs Lagged Prices |
| Timeline |
CLARIVATE PLC Lagged Returns
When evaluating CLARIVATE PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CLARIVATE PLC stock have on its future price. CLARIVATE PLC 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, CLARIVATE PLC autocorrelation shows the relationship between CLARIVATE PLC stock current value and its past values and can show if there is a momentum factor associated with investing in CLARIVATE PLC.
Regressed Prices |
| Timeline |
Pair Trading with CLARIVATE PLC
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 CLARIVATE PLC 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 CLARIVATE PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with CLARIVATE Stock
| 0.62 | FA | First Advantage Corp | PairCorr |
Moving against CLARIVATE Stock
| 0.79 | KAR | KAR Auction Services | PairCorr |
| 0.78 | VSEC | VSE Corporation | PairCorr |
| 0.75 | RSG | Republic Services | PairCorr |
| 0.74 | VLTO | Veralto | PairCorr |
| 0.73 | WM | Waste Management | PairCorr |
The ability to find closely correlated positions to CLARIVATE PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CLARIVATE PLC 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 CLARIVATE PLC - 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 CLARIVATE PLC to buy it.
The correlation of CLARIVATE PLC 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 CLARIVATE PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CLARIVATE PLC 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 CLARIVATE PLC 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 CLARIVATE PLC Correlation, CLARIVATE PLC Volatility and CLARIVATE PLC Alpha and Beta module to complement your research on CLARIVATE PLC. For more information on how to buy CLARIVATE Stock please use our How to Invest in CLARIVATE PLC guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for CLARIVATE Stock analysis
When running CLARIVATE PLC's price analysis, check to measure CLARIVATE PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CLARIVATE PLC is operating at the current time. Most of CLARIVATE PLC's value examination focuses on studying past and present price action to predict the probability of CLARIVATE PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CLARIVATE PLC's price. Additionally, you may evaluate how the addition of CLARIVATE PLC to your portfolios can decrease your overall portfolio volatility.
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CLARIVATE PLC 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.