The Clorox Stock Market Value
| CLX Stock | USD 141.56 1.14 0.81% |
| Symbol | Clorox |
Clorox Price To Book Ratio
Is Clorox'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 Clorox. If investors know Clorox 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 Clorox listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Dividend Share 4.8 | Earnings Share 1.94 | Revenue Per Share 58.111 | Quarterly Revenue Growth (0.05) |
The market value of Clorox is measured differently than its book value, which is the value of Clorox that is recorded on the company's balance sheet. Investors also form their own opinion of Clorox's value that differs from its market value or its book value, called intrinsic value, which is Clorox'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 Clorox's market value can be influenced by many factors that don't directly affect Clorox'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 Clorox's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clorox is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clorox'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.
Clorox '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 Clorox'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 Clorox.
| 05/16/2023 |
| 05/10/2024 |
If you would invest 0.00 in Clorox on May 16, 2023 and sell it all today you would earn a total of 0.00 from holding The Clorox or generate 0.0% return on investment in Clorox over 360 days. Clorox is related to or competes with Kimberly Clark, Reading International, and Merck. The Clorox Company manufactures and markets consumer and professional products worldwide More
Clorox 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 Clorox'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 The Clorox upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.88 |
Clorox Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clorox's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clorox's standard deviation. In reality, there are many statistical measures that can use Clorox historical prices to predict the future Clorox's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clorox'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.
Clorox Backtested Returns
Clorox secures Sharpe Ratio (or Efficiency) of -0.0823, which signifies that the company had a -0.0823% return per unit of standard deviation over the last 3 months. The Clorox exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Clorox's Risk Adjusted Performance of (0.05), coefficient of variation of (1,151), and Mean Deviation of 0.9381 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clorox's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clorox is expected to be smaller as well. Clorox has an expected return of -0.11%. Please make sure to confirm Clorox jensen alpha, as well as the relationship between the skewness and day median price , to decide if Clorox performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
The Clorox has very weak reverse predictability. Overlapping area represents the amount of predictability between Clorox time series from 16th of May 2023 to 12th of November 2023 and 12th of November 2023 to 10th 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 Clorox price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Clorox price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 31.44 |
Clorox lagged returns against current returns
Autocorrelation, which is Clorox 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 Clorox's stock expected returns. We can calculate the autocorrelation of Clorox returns to help us make a trade decision. For example, suppose you find that Clorox 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 |
Clorox 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 Clorox stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clorox stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clorox stock over time.
Current vs Lagged Prices |
| Timeline |
Clorox Lagged Returns
When evaluating Clorox's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clorox stock have on its future price. Clorox 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, Clorox autocorrelation shows the relationship between Clorox stock current value and its past values and can show if there is a momentum factor associated with investing in The Clorox.
Regressed Prices |
| Timeline |
Clorox Investors Sentiment
The influence of Clorox's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Clorox. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Clorox's public news can be used to forecast risks associated with an investment in Clorox. The trend in average sentiment can be used to explain how an investor holding Clorox can time the market purely based on public headlines and social activities around The Clorox. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Clorox's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Clorox's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Clorox's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Clorox.
Clorox Implied Volatility | 25.62 |
Clorox's implied volatility exposes the market's sentiment of The Clorox stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Clorox's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Clorox stock will not fluctuate a lot when Clorox's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Clorox in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Clorox's short interest history, or implied volatility extrapolated from Clorox options trading.
Pair Trading with Clorox
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 Clorox 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 Clorox will appreciate offsetting losses from the drop in the long position's value.Moving together with Clorox Stock
| 0.67 | EL | Estee Lauder Companies Fiscal Year End 16th of August 2024 | PairCorr |
Moving against Clorox Stock
| 0.57 | KMB | Kimberly Clark Financial Report 23rd of July 2024 | PairCorr |
| 0.57 | YSG | Yatsen Holding Financial Report 21st of May 2024 | PairCorr |
| 0.49 | CL | Colgate Palmolive Financial Report 26th of July 2024 | PairCorr |
| 0.47 | PURE | Pure Bioscience | PairCorr |
The ability to find closely correlated positions to Clorox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clorox 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 Clorox - 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 The Clorox to buy it.
The correlation of Clorox 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 Clorox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clorox 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 Clorox 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 Clorox Correlation, Clorox Volatility and Clorox Alpha and Beta module to complement your research on Clorox. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Clorox Stock analysis
When running Clorox's price analysis, check to measure Clorox'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 Clorox is operating at the current time. Most of Clorox's value examination focuses on studying past and present price action to predict the probability of Clorox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clorox's price. Additionally, you may evaluate how the addition of Clorox to your portfolios can decrease your overall portfolio volatility.
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Clorox 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.