CITIC (Germany) Price on November 6, 2024
| CPF Stock | EUR 1.09 0.01 0.93% |
If you're considering investing in CITIC Stock, it is important to understand the factors that can impact its price. As of today, the current price of CITIC stands at 1.09, as last reported on the 23rd of November, with the highest price reaching 1.09 and the lowest price hitting 1.09 during the day. CITIC appears to be dangerous, given 3 months investment horizon. CITIC Limited secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of volatility over the last 3 months. By reviewing CITIC's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please makes use of CITIC's mean deviation of 2.44, and Risk Adjusted Performance of 0.1599 to double-check if our risk estimates are consistent with your expectations.
CITIC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CITIC |
Sharpe Ratio = 0.194
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Estimated Market Risk
| 4.76 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.92 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average CITIC is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CITIC by adding it to a well-diversified portfolio.
CITIC Valuation on November 6, 2024
It is possible to determine the worth of CITIC on a given historical date. On November 6, 2024 CITIC was worth 1.06 at the beginning of the trading date compared to the closed value of 1.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CITIC stock. Still, in general, we apply an absolute valuation method to find CITIC's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CITIC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CITIC's related companies.
| Open | High | Low | Close | Volume | |
| 1.08 | 1.08 | 1.08 | 1.08 | 1.00 | |
11/06/2024 | 1.06 | 1.07 | 1.06 | 1.07 | 1.00 |
| 1.12 | 1.12 | 1.11 | 1.11 | 1.00 |
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CITIC Trading Date Momentum on November 6, 2024
| On November 07 2024 CITIC Limited was traded for 1.11 at the closing time. The highest daily price throughout the period was 1.12 and the lowest price was 1.11 . There was no trading activity during the period 1.0. Lack of trading volume on 11/07/2024 added to the next day price rise. The overall trading delta to closing price of the next trading day was 3.74% . The overall trading delta to current closing price is 0.93% . |
CITIC Limited Fundamentals Correlations and Trends
By evaluating CITIC's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CITIC's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CITIC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CITIC Stock history
CITIC investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CITIC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CITIC Limited will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CITIC stock prices may prove useful in developing a viable investing in CITIC
CITIC Limited operates in the financial services, resources and energy, manufacturing, engineering contracting, and real estate businesses in Hong Kong, Mainland China, Macau, and internationally. The company was founded in 1987 and is based in Central, Hong Kong, and is considered as a Red Chip company due to its listing on the Hong Kong Stock Exchange. CITIC LTD operates under Conglomerates classification in Germany and is traded on Frankfurt Stock Exchange. It employs 273344 people.
CITIC Stock Technical Analysis
CITIC 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.
Price Boundaries
CITIC Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
CITIC Limited cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CITIC November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how 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 CITIC shares will generate the highest return on investment. By undertsting and applying CITIC stock market strength indicators, traders can identify CITIC Limited entry and exit signals to maximize returns
CITIC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CITIC's price direction in advance. Along with the technical and fundamental analysis of CITIC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CITIC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1599 | |||
| Jensen Alpha | 0.8603 | |||
| Total Risk Alpha | 0.1792 | |||
| Sortino Ratio | 0.2394 | |||
| Treynor Ratio | 1.78 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for CITIC Stock analysis
When running CITIC's price analysis, check to measure 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 CITIC is operating at the current time. Most of CITIC's value examination focuses on studying past and present price action to predict the probability of 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 CITIC's price. Additionally, you may evaluate how the addition of CITIC to your portfolios can decrease your overall portfolio volatility.
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| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |