Cit Inc Stock Chance of Future Stock Price Finishing Over 14.46
| CINT Stock | USD 6.08 0.05 0.82% |
CiT |
CiT Target Price Odds to finish over 14.46
The tendency of CiT Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 14.46 or more in 90 days |
| 6.08 | 90 days | 14.46 | close to zero percent |
Based on a normal probability distribution, the odds of CiT to move over $ 14.46 or more in 90 days from now is close to zero percent (This CiT Inc probability density function shows the probability of CiT Stock to fall within a particular range of prices over 90 days) . Probability of CiT Inc price to stay between its current price of $ 6.08 and $ 14.46 at the end of the 90-day period is about 98.0 .
Given the investment horizon of 90 days CiT has a beta of 0.51 suggesting as returns on the market go up, CiT average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CiT Inc will be expected to be much smaller as well. Additionally CiT Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. CiT Price Density |
| Price |
Predictive Modules for CiT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CiT Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.CiT Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CiT is not an exception. The market had few large corrections towards the CiT's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold CiT Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CiT within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.21 | |
β | Beta against Dow Jones | 0.51 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | -0.08 |
CiT Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of CiT for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CiT Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CiT Inc generated a negative expected return over the last 90 days | |
| CiT Inc has a poor financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: CIT renews share repurchase program |
CiT Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of CiT Stock often depends not only on the future outlook of the current and potential CiT's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. CiT's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 139.1 M | |
| Cash And Short Term Investments | 214.8 M |
CiT Technical Analysis
CiT's future price can be derived by breaking down and analyzing its technical indicators over time. CiT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CiT Inc. In general, you should focus on analyzing CiT Stock price patterns and their correlations with different microeconomic environments and drivers.
CiT Predictive Forecast Models
CiT's time-series forecasting models is one of many CiT's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary CiT's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about CiT Inc
Checking the ongoing alerts about CiT for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CiT Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CiT Inc generated a negative expected return over the last 90 days | |
| CiT Inc has a poor financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: CIT renews share repurchase program |
Additional Tools for CiT Stock Analysis
When running CiT's price analysis, check to measure CiT'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 CiT is operating at the current time. Most of CiT's value examination focuses on studying past and present price action to predict the probability of CiT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CiT's price. Additionally, you may evaluate how the addition of CiT to your portfolios can decrease your overall portfolio volatility.