Cleveland Stock Market Value

CLF
 Stock
  

USD 14.62  1.15  8.54%   

Cleveland Cliffs' market value is the price at which a share of Cleveland Cliffs stock trades on a public exchange. It measures the collective expectations of Cleveland-Cliffs investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Cleveland-Cliffs and determine expected loss or profit from investing in Cleveland Cliffs over a given investment horizon. Continue to Cleveland Cliffs Correlation, Cleveland Cliffs Volatility and Cleveland Cliffs Alpha and Beta module to complement your research on Cleveland Cliffs.
Symbol


Is Cleveland Cliffs' 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 Cleveland Cliffs. If investors know Cleveland 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 Cleveland Cliffs 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 Cleveland-Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' 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 Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' 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 Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine Cleveland Cliffs value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' 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.

Cleveland Cliffs '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 Cleveland Cliffs' 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 Cleveland Cliffs.
0.00
09/04/2022
No Change 0.00  0.0 
In 30 days
10/04/2022
0.00
If you would invest  0.00  in Cleveland Cliffs on September 4, 2022 and sell it all today you would earn a total of 0.00 from holding Cleveland-Cliffs or generate 0.0% return on investment in Cleveland Cliffs over 30 days. Cleveland Cliffs is related to or competes with Amazon. Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America More

Cleveland Cliffs 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 Cleveland Cliffs' 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 Cleveland-Cliffs upside and downside potential and time the market with a certain degree of confidence.

Cleveland Cliffs Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleveland Cliffs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleveland Cliffs' standard deviation. In reality, there are many statistical measures that can use Cleveland Cliffs historical prices to predict the future Cleveland Cliffs' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Cleveland Cliffs' 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. Please use the tools below to analyze the current value of Cleveland Cliffs in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.9214.6218.32
Details
Intrinsic
Valuation
LowReal ValueHigh
14.1417.8421.54
Details
Naive
Forecast
LowNext ValueHigh
10.2713.9717.67
Details
6 Analysts
Consensus
LowTarget PriceHigh
19.2026.6237.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cleveland Cliffs. Your research has to be compared to or analyzed against Cleveland Cliffs' peers to derive any actionable benefits. When done correctly, Cleveland Cliffs' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Cleveland-Cliffs.

Cleveland-Cliffs Backtested Returns

We consider Cleveland Cliffs not too volatile. Cleveland-Cliffs secures Sharpe Ratio (or Efficiency) of 0.0025, which signifies that the company had 0.0025% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Cleveland-Cliffs, which you can use to evaluate the future volatility of the firm. Please confirm Cleveland-Cliffs risk adjusted performance of 0.0044, and Mean Deviation of 2.99 to double-check if the risk estimate we provide is consistent with the expected return of 0.0093%.
The firm shows a Beta (market volatility) of 1.8662, which signifies a somewhat significant risk relative to the market. Let's try to break down what Cleveland's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cleveland Cliffs will likely underperform. Although it is important to respect Cleveland-Cliffs historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Cleveland-Cliffs technical indicators, you can presently evaluate if the expected return of 0.0093% will be sustainable into the future. Cleveland-Cliffs right now shows a risk of 3.76%. Please confirm Cleveland-Cliffs downside deviation, treynor ratio, expected short fall, as well as the relationship between the jensen alpha and potential upside to decide if Cleveland-Cliffs will be following its price patterns.

Auto-correlation

    
  0.29  

Poor predictability

Cleveland-Cliffs has poor predictability. Overlapping area represents the amount of predictability between Cleveland Cliffs time series from 4th of September 2022 to 19th of September 2022 and 19th of September 2022 to 4th of October 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cleveland-Cliffs price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Cleveland Cliffs price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test0.33
Residual Average0.0
Price Variance0.32

Cleveland-Cliffs lagged returns against current returns

Autocorrelation, which is Cleveland Cliffs 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 Cleveland Cliffs' stock expected returns. We can calculate the autocorrelation of Cleveland Cliffs returns to help us make a trade decision. For example, suppose you find that Cleveland Cliffs stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Cleveland Cliffs 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 Cleveland Cliffs stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cleveland Cliffs stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cleveland Cliffs stock over time.
   Current vs Lagged Prices   
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       Timeline  

Cleveland Cliffs Lagged Returns

When evaluating Cleveland Cliffs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cleveland Cliffs stock have on its future price. Cleveland Cliffs 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, Cleveland Cliffs autocorrelation shows the relationship between Cleveland Cliffs stock current value and its past values and can show if there is a momentum factor associated with investing in Cleveland-Cliffs.
   Regressed Prices   
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       Timeline  

Cleveland Cliffs Implied Volatility

    
  73.69  
Cleveland Cliffs' implied volatility exposes the market's sentiment of Cleveland-Cliffs stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cleveland Cliffs' 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 Cleveland Cliffs stock will not fluctuate a lot when Cleveland Cliffs' 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 Cleveland Cliffs 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, Cleveland Cliffs' short interest history, or implied volatility extrapolated from Cleveland Cliffs options trading.

Pair Trading with Cleveland Cliffs

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 Cleveland Cliffs 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 Cleveland Cliffs will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cleveland Cliffs

+0.81AAPLApple Inc Fiscal Year End 27th of October 2022 PairCorr
+0.76GOOGAlphabet Cl C TrendingPairCorr
+0.85AMZNAmazon Inc TrendingPairCorr
The ability to find closely correlated positions to Cleveland Cliffs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cleveland Cliffs 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 Cleveland Cliffs - 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 Cleveland-Cliffs to buy it.
The correlation of Cleveland Cliffs is a statistical measure of how it moves in relation to other equities. 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 Cleveland Cliffs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cleveland-Cliffs 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 Cleveland Cliffs 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.
Pair CorrelationCorrelation Matching
Continue to Cleveland Cliffs Correlation, Cleveland Cliffs Volatility and Cleveland Cliffs Alpha and Beta module to complement your research on Cleveland Cliffs. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for analysis

When running Cleveland-Cliffs price analysis, check to measure Cleveland Cliffs' 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 Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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Cleveland Cliffs 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.
A focus of Cleveland Cliffs technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cleveland Cliffs trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...