Citrine Global Corp Stock Market Value
| CTGL Stock | USD 0.0003 0.00 0.00% |
| Symbol | Citrine |
Citrine Global '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 Citrine Global's 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 Citrine Global.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Citrine Global on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Citrine Global Corp or generate 0.0% return on investment in Citrine Global over 660 days. Citrine Global is related to or competes with Mills Music, DATA Communications, Mitie Group, Dexterra, and Intertek Group. Citrine Global Corp. operates as a plant-based wellness and pharma solutions company More
Citrine Global 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 Citrine Global's 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 Citrine Global Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 50.0 |
Citrine Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citrine Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citrine Global's standard deviation. In reality, there are many statistical measures that can use Citrine Global historical prices to predict the future Citrine Global's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.66) | |||
| Total Risk Alpha | (2.61) | |||
| Treynor Ratio | (0.57) |
Citrine Global Corp Backtested Returns
Citrine Global Corp secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. Citrine Global Corp exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Citrine Global's Mean Deviation of 2.64, standard deviation of 7.82, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.39, 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, Citrine Global will likely underperform. At this point, Citrine Global Corp has a negative expected return of -1.41%. Please make sure to confirm Citrine Global's treynor ratio and rate of daily change , to decide if Citrine Global Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Citrine Global Corp has good predictability. Overlapping area represents the amount of predictability between Citrine Global time series from 4th of February 2023 to 31st of December 2023 and 31st 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 Citrine Global Corp price movement. The serial correlation of 0.67 indicates that around 67.0% of current Citrine Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Citrine Global Corp lagged returns against current returns
Autocorrelation, which is Citrine Global 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 Citrine Global's pink sheet expected returns. We can calculate the autocorrelation of Citrine Global returns to help us make a trade decision. For example, suppose you find that Citrine Global 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 |
Citrine Global 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 Citrine Global pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citrine Global pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citrine Global pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Citrine Global Lagged Returns
When evaluating Citrine Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citrine Global pink sheet have on its future price. Citrine Global 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, Citrine Global autocorrelation shows the relationship between Citrine Global pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Citrine Global Corp.
Regressed Prices |
| Timeline |
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Citrine Global financial ratios help investors to determine whether Citrine Pink Sheet 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 Citrine with respect to the benefits of owning Citrine Global security.