CICT Mobile (China) Market Value
| 688387 Stock | 6.12 0.40 6.13% |
| Symbol | CICT |
CICT Mobile '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 CICT Mobile'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 CICT Mobile.
| 09/02/2023 |
| 11/25/2024 |
If you would invest 0.00 in CICT Mobile on September 2, 2023 and sell it all today you would earn a total of 0.00 from holding CICT Mobile Communication or generate 0.0% return on investment in CICT Mobile over 450 days. CICT Mobile is related to or competes with Shenzhen MYS, Shenzhen Bingchuan, Jizhong Energy, Hangzhou Huawang, Henan Lantian, Chongqing Changan, and Shanxi Xishan. CICT Mobile is entity of China. It is traded as Stock on SHG exchange. More
CICT Mobile 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 CICT Mobile'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 CICT Mobile Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | 0.0765 | |||
| Maximum Drawdown | 20.66 | |||
| Value At Risk | (5.86) | |||
| Potential Upside | 5.56 |
CICT Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CICT Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CICT Mobile's standard deviation. In reality, there are many statistical measures that can use CICT Mobile historical prices to predict the future CICT Mobile's volatility.| Risk Adjusted Performance | 0.0965 | |||
| Jensen Alpha | 0.4466 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0742 | |||
| Treynor Ratio | (0.63) |
CICT Mobile Communication Backtested Returns
CICT Mobile appears to be moderately volatile, given 3 months investment horizon. CICT Mobile Communication retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for CICT Mobile, which you can use to evaluate the volatility of the firm. Please makes use of CICT Mobile's coefficient of variation of 863.14, and Market Risk Adjusted Performance of (0.62) to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CICT Mobile holds a performance score of 9. The firm owns a Beta (Systematic Risk) of -0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CICT Mobile are expected to decrease at a much lower rate. During the bear market, CICT Mobile is likely to outperform the market. Please check CICT Mobile's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether CICT Mobile's current price history will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
CICT Mobile Communication has insignificant reverse predictability. Overlapping area represents the amount of predictability between CICT Mobile time series from 2nd of September 2023 to 14th of April 2024 and 14th of April 2024 to 25th 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 CICT Mobile Communication price movement. The serial correlation of -0.18 indicates that over 18.0% of current CICT Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
CICT Mobile Communication lagged returns against current returns
Autocorrelation, which is CICT Mobile 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 CICT Mobile's stock expected returns. We can calculate the autocorrelation of CICT Mobile returns to help us make a trade decision. For example, suppose you find that CICT Mobile 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 |
CICT Mobile 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 CICT Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CICT Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CICT Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
CICT Mobile Lagged Returns
When evaluating CICT Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CICT Mobile stock have on its future price. CICT Mobile 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, CICT Mobile autocorrelation shows the relationship between CICT Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in CICT Mobile Communication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CICT Stock
CICT Mobile financial ratios help investors to determine whether CICT 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 CICT with respect to the benefits of owning CICT Mobile security.