Sitc International Holdings Stock Market Value
| SITIY Stock | USD 27.26 1.04 3.97% |
| Symbol | SITC |
SITC International '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 SITC International'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 SITC International.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in SITC International on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding SITC International Holdings or generate 0.0% return on investment in SITC International over 90 days. SITC International is related to or competes with AP Mller, and Orient Overseas. SITC International Holdings Company Limited, a shipping logistics company, provides integrated transportation and logist... More
SITC International 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 SITC International'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 SITC International Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.37 | |||
| Information Ratio | 0.0772 | |||
| Maximum Drawdown | 44.75 | |||
| Value At Risk | (16.76) | |||
| Potential Upside | 11.33 |
SITC International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SITC International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SITC International's standard deviation. In reality, there are many statistical measures that can use SITC International historical prices to predict the future SITC International's volatility.| Risk Adjusted Performance | 0.0808 | |||
| Jensen Alpha | 0.8626 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0629 | |||
| Treynor Ratio | (0.54) |
SITC International Backtested Returns
SITC International appears to be somewhat reliable, given 3 months investment horizon. SITC International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0871, which indicates the firm had a 0.0871% return per unit of standard deviation over the last 3 months. By evaluating SITC International's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please review SITC International's risk adjusted performance of 0.0808, and Coefficient Of Variation of 1063.81 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, SITC International holds a performance score of 6. The entity has a beta of -1.3, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning SITC International are expected to decrease by larger amounts. On the other hand, during market turmoil, SITC International is expected to outperform it. Please check SITC International's sortino ratio, semi variance, as well as the relationship between the Semi Variance and day median price , to make a quick decision on whether SITC International's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
SITC International Holdings has no correlation between past and present. Overlapping area represents the amount of predictability between SITC International time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 SITC International price movement. The serial correlation of 0.0 indicates that just 0.0% of current SITC International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
SITC International lagged returns against current returns
Autocorrelation, which is SITC International 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 SITC International's pink sheet expected returns. We can calculate the autocorrelation of SITC International returns to help us make a trade decision. For example, suppose you find that SITC International 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 |
SITC International 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 SITC International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SITC International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SITC International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SITC International Lagged Returns
When evaluating SITC International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SITC International pink sheet have on its future price. SITC International 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, SITC International autocorrelation shows the relationship between SITC International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SITC International Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
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 SITC Pink Sheet Analysis
When running SITC International's price analysis, check to measure SITC International's 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 SITC International is operating at the current time. Most of SITC International's value examination focuses on studying past and present price action to predict the probability of SITC International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SITC International's price. Additionally, you may evaluate how the addition of SITC International to your portfolios can decrease your overall portfolio volatility.