CICT Mobile (China) Market Value
| 688387 Stock | 5.82 0.21 3.48% |
| Symbol | CICT |
CICT Mobile '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 CICT Mobile'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 CICT Mobile.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in CICT Mobile on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding CICT Mobile Communication or generate 0.0% return on investment in CICT Mobile over 30 days. CICT Mobile is related to or competes with China Life, Giantec Semiconductor, Union Semiconductor, GRINM Semiconductor, Heilongjiang Transport, Will Semiconductor, and Fujian Longzhou. CICT Mobile is entity of China. It is traded as Stock on SHG exchange. More
CICT Mobile 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 CICT Mobile'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 CICT Mobile Communication upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 8.45 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 3.08 |
CICT Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CICT Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CICT Mobile's standard deviation. In reality, there are many statistical measures that can use CICT Mobile historical prices to predict the future CICT Mobile's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 1.22 |
CICT Mobile Communication Backtested Returns
CICT Mobile Communication retains Efficiency (Sharpe Ratio) of -0.093, which signifies that the company had a -0.093 % return per unit of risk over the last 3 months. CICT Mobile exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CICT Mobile's variance of 4.27, and Market Risk Adjusted Performance of 1.23 to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CICT Mobile are expected to decrease at a much lower rate. During the bear market, CICT Mobile is likely to outperform the market. At this point, CICT Mobile Communication has a negative expected return of -0.18%. Please make sure to confirm CICT Mobile's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if CICT Mobile Communication performance from the past will be repeated in the future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
CICT Mobile Communication has insignificant reverse predictability. Overlapping area represents the amount of predictability between CICT Mobile time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 CICT Mobile Communication price movement. The serial correlation of -0.11 indicates that less than 11.0% of current CICT Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CICT Mobile Communication lagged returns against current returns
Autocorrelation, which is CICT Mobile 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 CICT Mobile's stock expected returns. We can calculate the autocorrelation of CICT Mobile returns to help us make a trade decision. For example, suppose you find that CICT Mobile 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 |
CICT Mobile 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 CICT Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CICT Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CICT Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
CICT Mobile Lagged Returns
When evaluating CICT Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CICT Mobile stock have on its future price. CICT Mobile 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, CICT Mobile autocorrelation shows the relationship between CICT Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in CICT Mobile Communication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CICT Stock
CICT Mobile financial ratios help investors to determine whether CICT 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 CICT with respect to the benefits of owning CICT Mobile security.