CITIC Metal (China) Price on February 21, 2024

601061 Stock   7.50  0.01  0.13%   
If you're considering investing in CITIC Stock, it is important to understand the factors that can impact its price. As of today, the current price of CITIC Metal stands at 7.50, as last reported on the 27th of December, with the highest price reaching 7.53 and the lowest price hitting 7.49 during the day. CITIC Metal secures Sharpe Ratio (or Efficiency) of -0.0689, which signifies that the company had a -0.0689% return per unit of volatility over the last 3 months. CITIC Metal Co exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CITIC Metal's mean deviation of 1.4, and Risk Adjusted Performance of 0.0554 to double-check the risk estimate we provide.
  
CITIC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0689

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Estimated Market Risk

 1.85
  actual daily
16
84% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average CITIC Metal is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CITIC Metal by adding CITIC Metal to a well-diversified portfolio.
Price Book
1.7482
Enterprise Value Ebitda
13.585
Price Sales
0.2934
Shares Float
495.4 M
Dividend Share
0.15

CITIC Metal Valuation on February 21, 2024

It is possible to determine the worth of CITIC Metal on a given historical date. On February 21, 2024 CITIC was worth 7.93 at the beginning of the trading date compared to the closed value of 8.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CITIC Metal stock. Still, in general, we apply an absolute valuation method to find CITIC Metal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CITIC Metal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CITIC Metal's related companies.
 Open High Low Close Volume
  7.70    8.26    7.63    8.07    63,997,013  
02/21/2024
  7.93    8.63    7.89    8.22    89,062,344  
  8.07    8.24    8.01    8.22    51,043,933  
Backtest CITIC Metal  |  CITIC Metal History  |  CITIC Metal Valuation   PreviousNext  
Open Value
7.93
8.22
Closing Value
13.49
Upside

CITIC Metal Trading Date Momentum on February 21, 2024

On February 22 2024 CITIC Metal Co was traded for  8.22  at the closing time. The highest price during the trading period was 8.24  and the lowest recorded bid was listed for  8.01 . The volume for the day was 51 M. This history from February 22, 2024 did not affect price variability. The overall trading delta to the current price is 5.11% .

CITIC Metal Fundamentals Correlations and Trends

By evaluating CITIC Metal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CITIC Metal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CITIC financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About CITIC Metal Stock history

CITIC Metal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CITIC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CITIC Metal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CITIC Metal stock prices may prove useful in developing a viable investing in CITIC Metal

CITIC Metal Stock Technical Analysis

CITIC Metal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of CITIC Metal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of CITIC Metal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

CITIC Metal Period Price Range

Low
December 27, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

CITIC Metal Co cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

CITIC Metal December 27, 2024 Market Strength

Market strength indicators help investors to evaluate how CITIC Metal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CITIC Metal shares will generate the highest return on investment. By undertsting and applying CITIC Metal stock market strength indicators, traders can identify CITIC Metal Co entry and exit signals to maximize returns

CITIC Metal Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for CITIC Metal's price direction in advance. Along with the technical and fundamental analysis of CITIC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CITIC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for CITIC Stock analysis

When running CITIC Metal's price analysis, check to measure CITIC Metal'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 CITIC Metal is operating at the current time. Most of CITIC Metal's value examination focuses on studying past and present price action to predict the probability of CITIC Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CITIC Metal's price. Additionally, you may evaluate how the addition of CITIC Metal to your portfolios can decrease your overall portfolio volatility.
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