Civitas Resources Stock Market Value
| CIVIW Stock | 0.13 0.02 18.18% |
| 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.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Civitas Resources on May 31, 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 180 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 81.82 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.0 |
Civitas Resources Market Risk Indicators
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.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (1.86) | |||
| Treynor Ratio | (6.68) |
Civitas Resources Backtested Returns
Civitas Resources secures Sharpe Ratio (or Efficiency) of -0.066, which signifies that the company had a -0.066% return per unit of risk over the last 3 months. Civitas Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Civitas Resources' Mean Deviation of 2.76, risk adjusted performance of (0.04), and Standard Deviation of 8.42 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0828, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Civitas Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Civitas Resources is expected to be smaller as well. At this point, Civitas Resources has a negative expected return of -0.57%. Please make sure to confirm Civitas Resources' maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Civitas Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
Civitas Resources has modest predictability. Overlapping area represents the amount of predictability between Civitas Resources time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Civitas Resources price movement. The serial correlation of 0.51 indicates that about 51.0% of current Civitas Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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.
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 Civitas OTC Stock Analysis
When running Civitas Resources' price analysis, check to measure Civitas Resources' 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 Civitas Resources is operating at the current time. Most of Civitas Resources' value examination focuses on studying past and present price action to predict the probability of Civitas Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Civitas Resources' price. Additionally, you may evaluate how the addition of Civitas Resources to your portfolios can decrease your overall portfolio volatility.