Citic Offshore's market value is the price at which a share of Citic Offshore trades on a public exchange. It measures the collective expectations of Citic Offshore Helicopter investors about its performance. Citic Offshore is trading at 26.36 as of the 2nd of January 2025, a 6.36 percent decrease since the beginning of the trading day. The stock's open price was 28.15. With this module, you can estimate the performance of a buy and hold strategy of Citic Offshore Helicopter and determine expected loss or profit from investing in Citic Offshore over a given investment horizon. Check out Citic Offshore Correlation, Citic Offshore Volatility and Citic Offshore Alpha and Beta module to complement your research on Citic Offshore.
Please note, there is a significant difference between Citic Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Citic Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citic Offshore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Citic Offshore '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 Offshore's stock 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 Offshore.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Citic Offshore's stock 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 Offshore Helicopter upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citic Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citic Offshore's standard deviation. In reality, there are many statistical measures that can use Citic Offshore historical prices to predict the future Citic Offshore's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Citic Offshore. Your research has to be compared to or analyzed against Citic Offshore's peers to derive any actionable benefits. When done correctly, Citic Offshore's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Citic Offshore Helicopter.
Citic Offshore Helicopter Backtested Returns
Citic Offshore appears to be not too volatile, given 3 months investment horizon. Citic Offshore Helicopter secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. By analyzing Citic Offshore's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Citic Offshore's Downside Deviation of 4.64, risk adjusted performance of 0.1574, and Mean Deviation of 4.02 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Citic Offshore holds a performance score of 8. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Citic Offshore are expected to decrease at a much lower rate. During the bear market, Citic Offshore is likely to outperform the market. Please check Citic Offshore's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Citic Offshore's price patterns will revert.
Auto-correlation
0.11
Insignificant predictability
Citic Offshore Helicopter has insignificant predictability. Overlapping area represents the amount of predictability between Citic Offshore time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd 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 Offshore Helicopter price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Citic Offshore price fluctuation can be explain by its past prices.
Correlation Coefficient
0.11
Spearman Rank Test
0.28
Residual Average
0.0
Price Variance
36.86
Citic Offshore Helicopter lagged returns against current returns
Autocorrelation, which is Citic Offshore stock'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 Offshore's stock expected returns. We can calculate the autocorrelation of Citic Offshore returns to help us make a trade decision. For example, suppose you find that Citic Offshore has exhibited high autocorrelation historically, and you observe that the stock 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 Offshore 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 Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citic Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citic Offshore stock over time.
Current vs Lagged Prices
Timeline
Citic Offshore Lagged Returns
When evaluating Citic Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citic Offshore stock have on its future price. Citic Offshore 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 Offshore autocorrelation shows the relationship between Citic Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in Citic Offshore Helicopter.
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.
Citic Offshore financial ratios help investors to determine whether Citic Stock 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 Offshore security.