City Developments Stock Market Value
| CDEVY Stock | USD 3.68 0.23 5.88% |
| Symbol | City |
City Developments '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 City Developments' pink sheet 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 City Developments.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in City Developments on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding City Developments or generate 0.0% return on investment in City Developments over 30 days. City Developments is related to or competes with UOL Group, Henderson Land, Hang Lung, Alfa Laval, Commercial International, and Britvic PLC. City Developments Limited is a leading global real estate operating company with a network spanning 103 locations in 29 ... More
City Developments 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 City Developments' pink sheet 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 City Developments upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.59 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.91 |
City Developments Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for City Developments' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as City Developments' standard deviation. In reality, there are many statistical measures that can use City Developments historical prices to predict the future City Developments' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.6653 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of City Developments' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
City Developments Backtested Returns
City Developments secures Sharpe Ratio (or Efficiency) of -0.0312, which signifies that the company had a -0.0312% return per unit of risk over the last 3 months. City Developments exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm City Developments' Mean Deviation of 1.75, risk adjusted performance of (0.02), and Standard Deviation of 2.24 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning City Developments are expected to decrease at a much lower rate. During the bear market, City Developments is likely to outperform the market. At this point, City Developments has a negative expected return of -0.0709%. Please make sure to confirm City Developments' treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if City Developments performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
City Developments has very weak reverse predictability. Overlapping area represents the amount of predictability between City Developments time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 City Developments price movement. The serial correlation of -0.03 indicates that only 3.0% of current City Developments price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
City Developments lagged returns against current returns
Autocorrelation, which is City Developments pink sheet'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 City Developments' pink sheet expected returns. We can calculate the autocorrelation of City Developments returns to help us make a trade decision. For example, suppose you find that City Developments has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
City Developments 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 City Developments pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if City Developments pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in City Developments pink sheet over time.
Current vs Lagged Prices |
| Timeline |
City Developments Lagged Returns
When evaluating City Developments' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of City Developments pink sheet have on its future price. City Developments 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, City Developments autocorrelation shows the relationship between City Developments pink sheet current value and its past values and can show if there is a momentum factor associated with investing in City Developments.
Regressed Prices |
| Timeline |
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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.Additional Tools for City Pink Sheet Analysis
When running City Developments' price analysis, check to measure City Developments' 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 City Developments is operating at the current time. Most of City Developments' value examination focuses on studying past and present price action to predict the probability of City Developments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move City Developments' price. Additionally, you may evaluate how the addition of City Developments to your portfolios can decrease your overall portfolio volatility.