Citic Offshore (China) Market Value
| 000099 Stock | 23.85 0.11 0.46% |
| Symbol | Citic |
Citic Offshore 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Citic Offshore's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Citic Offshore.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Citic Offshore on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Citic Offshore Helicopter or generate 0.0% return on investment in Citic Offshore over 30 days. Citic Offshore is related to or competes with Ziel Home, Eyebright Medical, Qumei Furniture, Qingdao Haier, Keda Clean, Zhongzhu Medical, and Tinavi Medical. Citic Offshore is entity of China. It is traded as Stock on SHE exchange. More
Citic Offshore Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Citic Offshore's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Citic Offshore Helicopter upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.08 | |||
| Information Ratio | 0.0539 | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (6.84) | |||
| Potential Upside | 9.99 |
Citic Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citic Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citic Offshore's standard deviation. In reality, there are many statistical measures that can use Citic Offshore historical prices to predict the future Citic Offshore's volatility.| Risk Adjusted Performance | 0.0629 | |||
| Jensen Alpha | 0.2746 | |||
| Total Risk Alpha | 0.0802 | |||
| Sortino Ratio | 0.0605 | |||
| Treynor Ratio | 1.06 |
Citic Offshore Helicopter Backtested Returns
At this point, Citic Offshore is not too volatile. Citic Offshore Helicopter secures Sharpe Ratio (or Efficiency) of 0.0306, which signifies that the company had a 0.0306 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Citic Offshore Helicopter, which you can use to evaluate the volatility of the firm. Please confirm Citic Offshore's Risk Adjusted Performance of 0.0629, mean deviation of 3.52, and Downside Deviation of 4.08 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Citic Offshore has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Citic Offshore's returns are expected to increase less than the market. However, during the bear market, the loss of holding Citic Offshore is expected to be smaller as well. Citic Offshore Helicopter right now shows a risk of 4.5%. Please confirm Citic Offshore Helicopter standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Citic Offshore Helicopter will be following its price patterns.
Auto-correlation | -0.54 |
Good reverse predictability
Citic Offshore Helicopter has good reverse predictability. Overlapping area represents the amount of predictability between Citic Offshore time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Citic Offshore Helicopter price movement. The serial correlation of -0.54 indicates that about 54.0% of current Citic Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Citic Offshore Helicopter lagged returns against current returns
Autocorrelation, which is Citic Offshore stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Citic Offshore's stock expected returns. We can calculate the autocorrelation of Citic Offshore returns to help us make a trade decision. For example, suppose you find that Citic Offshore has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Citic Offshore regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Citic Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citic Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citic Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
Citic Offshore Lagged Returns
When evaluating Citic Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citic Offshore stock have on its future price. Citic Offshore autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Citic Offshore autocorrelation shows the relationship between Citic Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in Citic Offshore Helicopter.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Citic Stock
Citic Offshore financial ratios help investors to determine whether Citic 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 Citic with respect to the benefits of owning Citic Offshore security.