Cleveland Cliffs (Mexico) Today
| CLF Stock | MXN 291.00 8.00 2.68% |
Performance0 of 100
| Odds Of DistressLess than 10
|
Cleveland Cliffs is trading at 291.00 as of the 8th of May 2024; that is -2.68% down since the beginning of the trading day. The stock's open price was 299.0. Cleveland Cliffs has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Cleveland Cliffs are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of March 2024 and ending today, the 8th of May 2024. Click here to learn more.
Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States, Canada, and internationally. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio. Cleveland Cliffs operates under Industrial Metals Minerals classification in Mexico and is traded on Mexico Stock Exchange. The company has 515.3 M outstanding shares. More on Cleveland Cliffs
Moving against Cleveland Stock
| 0.7 | HBCN | HSBC Holdings plc | PairCorr |
| 0.56 | RION | Rio Tinto Group | PairCorr |
Follow Valuation Odds of Bankruptcy
Check how we calculate scores
Cleveland Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cleveland Cliffs' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cleveland Cliffs or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Lourenco Goncalves |
| Business Concentration | Industrial Metals & Minerals, Basic Materials (View all Sectors) |
Cleveland Cliffs (CLF) is traded on Mexican Exchange in Mexico and employs 27,000 people. The company currently falls under 'Mega-Cap' category with a current market capitalization of 193.06 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cleveland Cliffs's market, we take the total number of its shares issued and multiply it by Cleveland Cliffs's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cleveland Cliffs operates under Basic Materials sector and is part of Industrial Metals & Minerals industry. The entity has 515.3 M outstanding shares.
Cleveland Cliffs has accumulated about 430.2 M in cash with 2.42 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.52.
Check Cleveland Cliffs Probability Of Bankruptcy
Ownership AllocationCleveland Cliffs holds a total of 515.3 Million outstanding shares. Over half of Cleveland Cliffs' outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Cleveland Cliffs. Please watch out for any change in the institutional holdings of Cleveland Cliffs as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Cleveland Ownership Details
Cleveland Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Cleveland Cliffs jumping above the current price in 90 days from now is close to 99%. The Cleveland Cliffs probability density function shows the probability of Cleveland Cliffs stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Cleveland Cliffs has a beta of -0.1818 suggesting as returns on the benchmark increase, returns on holding Cleveland Cliffs are expected to decrease at a much lower rate. During a bear market, however, Cleveland Cliffs is likely to outperform the market. Additionally, cleveland Cliffs has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Cleveland Cliffs to move above the current price in 90 days from now is close to 99 (This Cleveland Cliffs probability density function shows the probability of Cleveland Stock to fall within a particular range of prices over 90 days) .
Cleveland Cliffs Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Cleveland Cliffs market risk premium is the additional return an investor will receive from holding Cleveland Cliffs long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cleveland Cliffs. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Cleveland Cliffs' alpha and beta are two of the key measurements used to evaluate Cleveland Cliffs' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.35 | |||
| Standard Deviation | 2.58 | |||
| Variance | 6.65 | |||
| Risk Adjusted Performance | (0.03) |
Cleveland Stock Against Markets
Picking the right benchmark for Cleveland Cliffs stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cleveland Cliffs stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cleveland Cliffs is critical whether you are bullish or bearish towards Cleveland Cliffs at a given time. Please also check how Cleveland Cliffs' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cleveland Cliffs without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio File Import Now
Portfolio File ImportQuickly import all of your third-party portfolios from your local drive in csv format |
| All Next | Launch Module |
How to buy Cleveland Stock?
Before investing in Cleveland Cliffs, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cleveland Cliffs. To buy Cleveland Cliffs stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cleveland Cliffs. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cleveland Cliffs stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cleveland Cliffs stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cleveland Cliffs stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cleveland Cliffs, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
Already Invested in Cleveland Cliffs?
The danger of trading Cleveland Cliffs is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cleveland Cliffs is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cleveland Cliffs. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cleveland Cliffs is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cleveland Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.Note that the Cleveland Cliffs information on this page should be used as a complementary analysis to other Cleveland Cliffs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Cleveland Stock 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 the 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.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |