Citizens Bancshares Corp Stock Market Value
| CZBS Stock | USD 54.60 0.32 0.59% |
| Symbol | Citizens |
Citizens Bancshares '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 Bancshares' 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 Citizens Bancshares.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Citizens Bancshares on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Citizens Bancshares Corp or generate 0.0% return on investment in Citizens Bancshares over 30 days. Citizens Bancshares is related to or competes with Harbor Bankshares, BankFirst Capital, Security Federal, MF Bancorp, Merchants Marine, MNB Holdings, and United Bancorporation. Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial... More
Citizens Bancshares 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 Bancshares' 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 Citizens Bancshares Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.0563 | |||
| Maximum Drawdown | 10.95 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.89 |
Citizens Bancshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citizens Bancshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citizens Bancshares' standard deviation. In reality, there are many statistical measures that can use Citizens Bancshares historical prices to predict the future Citizens Bancshares' volatility.| Risk Adjusted Performance | 0.0965 | |||
| Jensen Alpha | 0.1894 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0534 | |||
| Treynor Ratio | 2.45 |
Citizens Bancshares Corp Backtested Returns
Citizens Bancshares appears to be very steady, given 3 months investment horizon. Citizens Bancshares Corp 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 have found twenty-seven technical indicators for Citizens Bancshares Corp, which you can use to evaluate the volatility of the firm. Please makes use of Citizens Bancshares' Mean Deviation of 1.09, risk adjusted performance of 0.0965, and Downside Deviation of 1.83 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Citizens Bancshares holds a performance score of 9. The firm shows a Beta (market volatility) of 0.0806, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Citizens Bancshares' returns are expected to increase less than the market. However, during the bear market, the loss of holding Citizens Bancshares is expected to be smaller as well. Please check Citizens Bancshares' value at risk, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Citizens Bancshares' price patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Citizens Bancshares Corp has good reverse predictability. Overlapping area represents the amount of predictability between Citizens Bancshares time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Bancshares Corp price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Citizens Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 3.5 |
Citizens Bancshares Corp lagged returns against current returns
Autocorrelation, which is Citizens Bancshares 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 Citizens Bancshares' pink sheet expected returns. We can calculate the autocorrelation of Citizens Bancshares returns to help us make a trade decision. For example, suppose you find that Citizens Bancshares 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 |
Citizens Bancshares 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 Bancshares pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citizens Bancshares pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citizens Bancshares pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Citizens Bancshares Lagged Returns
When evaluating Citizens Bancshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citizens Bancshares pink sheet have on its future price. Citizens Bancshares 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 Bancshares autocorrelation shows the relationship between Citizens Bancshares pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Citizens Bancshares Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Citizens Pink Sheet Analysis
When running Citizens Bancshares' price analysis, check to measure Citizens Bancshares' 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 Citizens Bancshares is operating at the current time. Most of Citizens Bancshares' value examination focuses on studying past and present price action to predict the probability of Citizens Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Citizens Bancshares' price. Additionally, you may evaluate how the addition of Citizens Bancshares to your portfolios can decrease your overall portfolio volatility.