China Citic Stock Forecast - Day Typical Price

601998 Stock   6.60  0.12  1.79%   
China Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast China Citic stock prices and determine the direction of China Citic Bank's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of China Citic's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, China Citic's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 776.6 B, whereas Total Assets are forecasted to decline to about 4.6 T.
China Citic Bank has current Day Typical Price of 6.66. Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.
Check China Citic VolatilityBacktest China CiticInformation Ratio  

China Citic Trading Date Momentum

On November 22 2024 China Citic Bank was traded for  6.60  at the closing time. The highest price during the trading period was 6.79  and the lowest recorded bid was listed for  6.60 . The volume for the day was 51.3 M. This history from November 22, 2024 did not affect price variability. The overall trading delta to the current price is 2.42% .
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
Compare China Citic to competition

Other Forecasting Options for China Citic

For every potential investor in China, whether a beginner or expert, China Citic's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. China Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in China. Basic forecasting techniques help filter out the noise by identifying China Citic's price trends.

China Citic Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with China Citic stock to make a market-neutral strategy. Peer analysis of China Citic could also be used in its relative valuation, which is a method of valuing China Citic by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

China Citic Bank Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of China Citic's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of China Citic's current price.

China Citic Market Strength Events

Market strength indicators help investors to evaluate how China Citic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading China Citic shares will generate the highest return on investment. By undertsting and applying China Citic stock market strength indicators, traders can identify China Citic Bank entry and exit signals to maximize returns.

China Citic Risk Indicators

The analysis of China Citic's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in China Citic's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting china stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

China Citic financial ratios help investors to determine whether China Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in China with respect to the benefits of owning China Citic security.