CITIC Metal (China) Market Value
| 601061 Stock | 7.71 0.07 0.90% |
| Symbol | CITIC |
CITIC Metal '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 Metal'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 Metal.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in CITIC Metal on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding CITIC Metal Co or generate 0.0% return on investment in CITIC Metal over 30 days. CITIC Metal is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. CITIC Metal is entity of China. It is traded as Stock on SHG exchange. More
CITIC Metal 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 Metal'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 Metal Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0511 | |||
| Maximum Drawdown | 16.37 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 3.63 |
CITIC Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CITIC Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CITIC Metal's standard deviation. In reality, there are many statistical measures that can use CITIC Metal historical prices to predict the future CITIC Metal's volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.2822 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0494 | |||
| Treynor Ratio | (0.50) |
CITIC Metal Backtested Returns
CITIC Metal appears to be somewhat reliable, given 3 months investment horizon. CITIC Metal secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for CITIC Metal Co, which you can use to evaluate the volatility of the firm. Please makes use of CITIC Metal's risk adjusted performance of 0.0913, and Mean Deviation of 1.44 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CITIC Metal holds a performance score of 7. The firm shows a Beta (market volatility) of -0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CITIC Metal are expected to decrease at a much lower rate. During the bear market, CITIC Metal is likely to outperform the market. Please check CITIC Metal's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether CITIC Metal's price patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
CITIC Metal Co has very good reverse predictability. Overlapping area represents the amount of predictability between CITIC Metal time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. 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 Metal price movement. The serial correlation of -0.69 indicates that around 69.0% of current CITIC Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
CITIC Metal lagged returns against current returns
Autocorrelation, which is CITIC Metal 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 Metal's stock expected returns. We can calculate the autocorrelation of CITIC Metal returns to help us make a trade decision. For example, suppose you find that CITIC Metal 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 Metal 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 Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CITIC Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CITIC Metal stock over time.
Current vs Lagged Prices |
| Timeline |
CITIC Metal Lagged Returns
When evaluating CITIC Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CITIC Metal stock have on its future price. CITIC Metal 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 Metal autocorrelation shows the relationship between CITIC Metal stock current value and its past values and can show if there is a momentum factor associated with investing in CITIC Metal Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CITIC Stock
CITIC Metal 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 Metal security.