Citizens Financial Group Preferred Stock Market Value
| CFG-PE Preferred Stock | USD 20.77 0.12 0.58% |
| Symbol | Citizens |
Citizens Financial '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 Citizens Financial's preferred 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 Citizens Financial.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Citizens Financial on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Citizens Financial Group or generate 0.0% return on investment in Citizens Financial over 720 days. Citizens Financial is related to or competes with Capital One, Capital One, and Bank of America. Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provide... More
Citizens Financial 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 Citizens Financial's preferred 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 Citizens Financial Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9991 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.74 |
Citizens Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citizens Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citizens Financial's standard deviation. In reality, there are many statistical measures that can use Citizens Financial historical prices to predict the future Citizens Financial's volatility.| Risk Adjusted Performance | 0.0192 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0378 |
Citizens Financial Backtested Returns
Citizens Financial secures Sharpe Ratio (or Efficiency) of -0.0215, which signifies that the company had a -0.0215% return per unit of risk over the last 3 months. Citizens Financial Group exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Citizens Financial's Risk Adjusted Performance of 0.0192, mean deviation of 0.7742, and Downside Deviation of 0.9991 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Citizens Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Citizens Financial is expected to be smaller as well. At this point, Citizens Financial has a negative expected return of -0.0197%. Please make sure to confirm Citizens Financial's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to decide if Citizens Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
Citizens Financial Group has poor reverse predictability. Overlapping area represents the amount of predictability between Citizens Financial time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Citizens Financial price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Citizens Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Citizens Financial lagged returns against current returns
Autocorrelation, which is Citizens Financial preferred 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 Citizens Financial's preferred stock expected returns. We can calculate the autocorrelation of Citizens Financial returns to help us make a trade decision. For example, suppose you find that Citizens Financial has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Citizens Financial 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 Citizens Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citizens Financial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citizens Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Citizens Financial Lagged Returns
When evaluating Citizens Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citizens Financial preferred stock have on its future price. Citizens Financial 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, Citizens Financial autocorrelation shows the relationship between Citizens Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Citizens Financial Group.
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 Citizens Preferred Stock
Citizens Financial financial ratios help investors to determine whether Citizens 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 Citizens with respect to the benefits of owning Citizens Financial security.