CITIC Metal (China) Market Value
| 601061 Stock | 7.65 0.05 0.66% |
| Symbol | CITIC |
CITIC Metal '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 Metal'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 Metal.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CITIC Metal on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CITIC Metal Co or generate 0.0% return on investment in CITIC Metal over 90 days. CITIC Metal is related to or competes with Beijing Kaiwen, Pinlive Foods, Jiahe Foods, Shandong Huifa, Great Sun, China Publishing, and Shantou Wanshun. CITIC Metal is entity of China. It is traded as Stock on SHG exchange. More
CITIC Metal 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 CITIC Metal'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 Metal Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0472 | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.43 |
CITIC Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CITIC Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CITIC Metal's standard deviation. In reality, there are many statistical measures that can use CITIC Metal historical prices to predict the future CITIC Metal's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0653 | |||
| Treynor Ratio | 0.9985 |
CITIC Metal Backtested Returns
CITIC Metal secures Sharpe Ratio (or Efficiency) of -0.0134, which signifies that the company had a -0.0134 % return per unit of volatility over the last 3 months. CITIC Metal Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CITIC Metal's risk adjusted performance of (0.04), and Mean Deviation of 0.776 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0614, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CITIC Metal are expected to decrease at a much lower rate. During the bear market, CITIC Metal is likely to outperform the market. At this point, CITIC Metal has a negative expected return of -0.013%. Please make sure to confirm CITIC Metal's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if CITIC Metal performance from the past will be repeated in the future.
Auto-correlation | 0.18 |
Very weak predictability
CITIC Metal Co has very weak predictability. Overlapping area represents the amount of predictability between CITIC Metal time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Metal price movement. The serial correlation of 0.18 indicates that over 18.0% of current CITIC Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
CITIC Metal lagged returns against current returns
Autocorrelation, which is CITIC Metal 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 Metal's stock expected returns. We can calculate the autocorrelation of CITIC Metal returns to help us make a trade decision. For example, suppose you find that CITIC Metal 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 Metal 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 Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CITIC Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CITIC Metal stock over time.
Current vs Lagged Prices |
| Timeline |
CITIC Metal Lagged Returns
When evaluating CITIC Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CITIC Metal stock have on its future price. CITIC Metal 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 Metal autocorrelation shows the relationship between CITIC Metal stock current value and its past values and can show if there is a momentum factor associated with investing in CITIC Metal Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CITIC Stock
CITIC Metal 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 Metal security.