Citic Limited Stock Market Value
| CTPCF Stock | USD 1.11 0.00 0.00% |
| Symbol | CITIC |
CITIC '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 CITIC'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 CITIC.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in CITIC on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding CITIC Limited or generate 0.0% return on investment in CITIC over 720 days. CITIC is related to or competes with PepsiCo, BCE, Vodka Brands, Stratasys, Zhihu, National CineMedia, and NETGEAR. CITIC Limited operates in the financial services, manufacturing, engineering contracting, advances materials, consumptio... More
CITIC 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 CITIC'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 CITIC Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.33 |
CITIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CITIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CITIC's standard deviation. In reality, there are many statistical measures that can use CITIC historical prices to predict the future CITIC's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (1.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CITIC's 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.
CITIC Limited Backtested Returns
CITIC Limited secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of volatility over the last 3 months. CITIC Limited exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CITIC's risk adjusted performance of (0.09), and Mean Deviation of 0.2782 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CITIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding CITIC is expected to be smaller as well. At this point, CITIC Limited has a negative expected return of -0.13%. Please make sure to confirm CITIC's jensen alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if CITIC Limited performance from the past will be repeated in the future.
Auto-correlation | -0.54 |
Good reverse predictability
CITIC Limited has good reverse predictability. Overlapping area represents the amount of predictability between CITIC time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CITIC Limited price movement. The serial correlation of -0.54 indicates that about 54.0% of current CITIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CITIC Limited lagged returns against current returns
Autocorrelation, which is CITIC 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 CITIC's pink sheet expected returns. We can calculate the autocorrelation of CITIC returns to help us make a trade decision. For example, suppose you find that CITIC 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 |
CITIC 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 CITIC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CITIC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CITIC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CITIC Lagged Returns
When evaluating CITIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CITIC pink sheet have on its future price. CITIC 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, CITIC autocorrelation shows the relationship between CITIC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CITIC Limited.
Regressed Prices |
| Timeline |
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Other Information on Investing in CITIC Pink Sheet
CITIC financial ratios help investors to determine whether CITIC 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 CITIC with respect to the benefits of owning CITIC security.