Civitas Resources' market value is the price at which a share of Civitas Resources trades on a public exchange. It measures the collective expectations of Civitas Resources investors about its performance. Civitas Resources is trading at 0.17 as of the 23rd of November 2024. This is a No Change since the beginning of the trading day. The stock's open price was 0.17. With this module, you can estimate the performance of a buy and hold strategy of Civitas Resources and determine expected loss or profit from investing in Civitas Resources over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Symbol
Civitas
Civitas Resources '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 Civitas Resources' otc 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 Civitas Resources.
0.00
02/27/2024
No Change 0.00
0.0
In 8 months and 28 days
11/23/2024
0.00
If you would invest 0.00 in Civitas Resources on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Civitas Resources or generate 0.0% return on investment in Civitas Resources over 270 days.
Civitas Resources 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 Civitas Resources' otc 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 Civitas Resources upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Civitas Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Civitas Resources' standard deviation. In reality, there are many statistical measures that can use Civitas Resources historical prices to predict the future Civitas Resources' volatility.
Civitas Resources secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to collect and analyze data for seventeen different technical indicators, which can help you to evaluate if expected returns of 8.34% are justified by taking the suggested risk. Use Civitas Resources Risk Adjusted Performance of 0.1016, mean deviation of 17.19, and Standard Deviation of 67.65 to evaluate company specific risk that cannot be diversified away. Civitas Resources holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 2.46, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Civitas Resources will likely underperform. Use Civitas Resources standard deviation, as well as the relationship between the maximum drawdown and day median price , to analyze future returns on Civitas Resources.
Auto-correlation
0.10
Insignificant predictability
Civitas Resources has insignificant predictability. Overlapping area represents the amount of predictability between Civitas Resources time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Civitas Resources price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Civitas Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
0.1
Spearman Rank Test
0.08
Residual Average
0.0
Price Variance
0.02
Civitas Resources lagged returns against current returns
Autocorrelation, which is Civitas Resources otc 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 Civitas Resources' otc stock expected returns. We can calculate the autocorrelation of Civitas Resources returns to help us make a trade decision. For example, suppose you find that Civitas Resources has exhibited high autocorrelation historically, and you observe that the otc 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
Civitas Resources 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 Civitas Resources otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Civitas Resources otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Civitas Resources otc stock over time.
Current vs Lagged Prices
Timeline
Civitas Resources Lagged Returns
When evaluating Civitas Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Civitas Resources otc stock have on its future price. Civitas Resources 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, Civitas Resources autocorrelation shows the relationship between Civitas Resources otc stock current value and its past values and can show if there is a momentum factor associated with investing in Civitas Resources.