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Clean Energy Fuels Corp. Price Volatility Hits An Unsually High Level




Clean Energy Fuels Corp. (NASDAQ:CLNE) Price Volatility Hits An Unsually High Level

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PREFACE
This is a proprietary realized volatility rating created by Capital Market Laboratories (CMLviz) based on a large number of data interactions for Clean Energy Fuels Corp. (NASDAQ:CLNE) . We examine the little used gem of daily stock volatility over a 20-day and 30-day trading period, as well as comparisons to the last year and the actual stock returns over the last three- and six-months and the S&P 500 and Nasdaq 100 indices.


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But before that, let's turn back to CLNE. This is a four step process for computing the realized volatility risk. Here we go.

CLNE Recent Price Volatility


Rating
Price volatility using proprietary measures has hit an unsually high level. Let's take a deep dive into some institutional level volatility measures for Clean Energy Fuels Corp. (NASDAQ:CLNE) .

Clean Energy Fuels Corp. Stock Performance
CLNE is down -32.0% over the last three months and down -38.3% over the last six months. The stock has returned -0.4% over the last year. The current stock price is $2.51.

CLNE Step 1: Stock Returns
The one-year stock return does not impact the volatility rating since we are looking at a shorter time horizon. However, the rating does examine the 3-month returns and the absolute difference between the 3-month and 6-month returns.

  The 3-month stock return of -32.0% has a substantial impact on the price volatility rating for CLNE.
  The small difference between the 3-month and 6-month stock returns does not impact the price volatility rating for CLNE.

CLNE Step 2: Daily Price Volatility Level
The HV30® takes the stock's day to day historical volatility over the last 30-days and then annualizes it. The HV20 looks back over just 20-days -- a shorter time period. Here is the breakdown for Clean Energy Fuels Corp. (NASDAQ:CLNE) and how the day-by-day price historical volatilities have impacted the rating:

  The HV20 of 42.9% is in the middle ground, neither elevated nor depressed, so in this case the raw HV20 number has no impact on CLNE's volatility rating.


CLNE Step 3: Clean Energy Fuels Corp. HV20 Compared to Indices
* The HV20 for CLNE is substantially larger than that for both the S&P 500 and the NASDAQ 100 which raises the volatility rating.

* The HV20 for CLNE is substantially larger than that for the Energy ETF (XLE) which raises the volatility rating.

Here is summary data in tabular and chart format.

           CLNE
           HV20    
   S&P 500
HV20
   NASDAQ 100
HV20   
   XLE
HV20   
           42.9%    6.1%    6.01%    14.27%

CLNE Step 4: Daily Volatility Percentiles and Highs

We also examine the annual high of the HV30 in our rating.
  The 52 week high in HV30 for CLNE is 101.1%, which is very high and has a large upward impact on the price volatility rating.

Here is summary data in tabular and chart format.

           CLNE
           HV20    
   CLNE
HV30
   CLNE
HV30 High   
           42.9%    41.6%    101.1%

Final Price Volatility Percentile Level: CLNE
The final evolution of the volatility rating for Clean Energy Fuels Corp. is a comparison of the HV30 value relative to its past, which is neatly summarized in the percentile -- a scoring mechanism that goes from a low of 1 to a high of 100.

  The HV30 percentile for Clean Energy Fuels Corp. is 23%, which means the stock has seen low volatility in its price movement relative to its own past and that has a slightly dampening impact on the price volatility rating.

Clean Energy Fuels Corp. Realized Volatility Percentiles