Cit Group Preferred Preferred Stock Price on December 15, 2022
| FCNCO Preferred Stock | USD 24.07 0.41 1.73% |
If you're considering investing in CIT Preferred Stock, it is important to understand the factors that can impact its price. As of today, the current price of CIT Group stands at 24.07, as last reported on the 26th of November, with the highest price reaching 24.13 and the lowest price hitting 23.80 during the day. As of now, CIT Preferred Stock is very steady. CIT Group Preferred secures Sharpe Ratio (or Efficiency) of 0.0777, which signifies that the company had a 0.0777% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for CIT Group Preferred, which you can use to evaluate the volatility of the firm. Please confirm CIT Group's risk adjusted performance of 0.0448, and Mean Deviation of 0.5614 to double-check if the risk estimate we provide is consistent with the expected return of 0.0593%.
CIT Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CIT |
Sharpe Ratio = 0.0777
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Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average CIT Group is performing at about 6% 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 CIT Group by adding it to a well-diversified portfolio.
CIT Group Main Headline on 15th of December 2022
CIT Group Preferred dividend paid on 15th of December 2022 |
CIT Group Valuation on December 15, 2022
It is possible to determine the worth of CIT Group on a given historical date. On December 15, 2022 CIT was worth 18.39 at the beginning of the trading date compared to the closed value of 18.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CIT Group preferred stock. Still, in general, we apply an absolute valuation method to find CIT Group'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 CIT Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CIT Group's related companies.
| Open | High | Low | Close | Volume | |
| 18.64 | 18.69 | 18.39 | 18.47 | 26,100 | |
12/15/2022 | 18.39 | 18.60 | 18.21 | 18.31 | 17,500 |
| 18.26 | 18.55 | 18.21 | 18.29 | 25,300 |
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CIT Group Trading Date Momentum on December 15, 2022
| On December 16 2022 CIT Group Preferred was traded for 18.29 at the closing time. The highest daily price throughout the period was 18.55 and the lowest price was 18.21 . The daily volume was 25.3 K. The net trading volume on 12/16/2022 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.11% . The overall trading delta to current closing price is 1.26% . |
CIT Group Preferred Fundamentals Correlations and Trends
By evaluating CIT Group'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 CIT Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CIT financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CIT Group Preferred Stock history
CIT Group 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 CIT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CIT Group Preferred 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 CIT Group stock prices may prove useful in developing a viable investing in CIT Group
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina. First Citizens operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 6578 people.
CIT Group Preferred Stock Technical Analysis
CIT Group technical preferred 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, preferred stock market cycles, or different charting patterns.
Price Boundaries
CIT Group Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
CIT Group Preferred cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
CIT Group November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how CIT Group preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CIT Group shares will generate the highest return on investment. By undertsting and applying CIT Group preferred stock market strength indicators, traders can identify CIT Group Preferred entry and exit signals to maximize returns
CIT Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CIT Group's price direction in advance. Along with the technical and fundamental analysis of CIT Preferred Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CIT 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 | 0.0448 | |||
| Jensen Alpha | 0.0261 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.5891 |
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Other Information on Investing in CIT Preferred Stock
CIT Group financial ratios help investors to determine whether CIT Preferred 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 CIT with respect to the benefits of owning CIT Group security.