China Citic Bank Stock Probability of Future Pink Sheet Price Finishing Under 6.23
| CHCJY Stock | USD 11.60 2.35 16.85% |
China |
China Citic Target Price Odds to finish below 6.23
The tendency of China Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 6.23 or more in 90 days |
| 11.60 | 90 days | 6.23 | near 1 |
Based on a normal probability distribution, the odds of China Citic to drop to $ 6.23 or more in 90 days from now is near 1 (This China Citic Bank probability density function shows the probability of China Pink Sheet to fall within a particular range of prices over 90 days) . Probability of China Citic Bank price to stay between $ 6.23 and its current price of $11.6 at the end of the 90-day period is about 11.91 .
Assuming the 90 days horizon China Citic Bank has a beta of -0.15 suggesting as returns on the benchmark increase, returns on holding China Citic are expected to decrease at a much lower rate. During a bear market, however, China Citic Bank is likely to outperform the market. Additionally China Citic Bank has an alpha of 0.0044, implying that it can generate a 0.004422 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). China Citic Price Density |
| Price |
Predictive Modules for China Citic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as China Citic Bank. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.China Citic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. China Citic is not an exception. The market had few large corrections towards the China Citic's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold China Citic Bank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of China Citic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 0.95 | |
Ir | Information ratio | -0.03 |
China Citic Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of China Citic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for China Citic Bank can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| China Citic Bank generated a negative expected return over the last 90 days | |
| China Citic Bank has high historical volatility and very poor performance | |
| China Citic Bank has accumulated about 814.24 B in cash with (301.77 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 332.79, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
China Citic Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of China Pink Sheet often depends not only on the future outlook of the current and potential China Citic's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. China Citic's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 48.9 B |
China Citic Technical Analysis
China Citic's future price can be derived by breaking down and analyzing its technical indicators over time. China Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of China Citic Bank. In general, you should focus on analyzing China Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
China Citic Predictive Forecast Models
China Citic's time-series forecasting models is one of many China Citic's pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary China Citic's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about China Citic Bank
Checking the ongoing alerts about China Citic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for China Citic Bank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| China Citic Bank generated a negative expected return over the last 90 days | |
| China Citic Bank has high historical volatility and very poor performance | |
| China Citic Bank has accumulated about 814.24 B in cash with (301.77 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 332.79, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Additional Tools for China Pink Sheet Analysis
When running China Citic's price analysis, check to measure China Citic'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 China Citic is operating at the current time. Most of China Citic's value examination focuses on studying past and present price action to predict the probability of China Citic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Citic's price. Additionally, you may evaluate how the addition of China Citic to your portfolios can decrease your overall portfolio volatility.