Citic Telecom (Germany) Market Value
| B7O Stock | 0.27 0.01 3.85% |
| Symbol | Citic |
Citic Telecom '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 Telecom'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 Telecom.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Citic Telecom on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Citic Telecom International or generate 0.0% return on investment in Citic Telecom over 360 days. Citic Telecom is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Citic Telecom 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 Telecom'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 Telecom International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.62 | |||
| Information Ratio | 0.0919 | |||
| Maximum Drawdown | 38.72 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 4.17 |
Citic Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citic Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citic Telecom's standard deviation. In reality, there are many statistical measures that can use Citic Telecom historical prices to predict the future Citic Telecom's volatility.| Risk Adjusted Performance | 0.0991 | |||
| Jensen Alpha | 0.5438 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0918 | |||
| Treynor Ratio | (10.92) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Citic Telecom's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Citic Telecom Intern Backtested Returns
Citic Telecom appears to be out of control, given 3 months investment horizon. Citic Telecom Intern secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing Citic Telecom's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of Citic Telecom's Downside Deviation of 4.62, mean deviation of 2.19, and Risk Adjusted Performance of 0.0991 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Citic Telecom holds a performance score of 10. The firm shows a Beta (market volatility) of -0.0493, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Citic Telecom are expected to decrease at a much lower rate. During the bear market, Citic Telecom is likely to outperform the market. Please check Citic Telecom's expected short fall, day typical price, and the relationship between the potential upside and daily balance of power , to make a quick decision on whether Citic Telecom's price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Citic Telecom International has poor predictability. Overlapping area represents the amount of predictability between Citic Telecom time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 2024. 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 Telecom Intern price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Citic Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Citic Telecom Intern lagged returns against current returns
Autocorrelation, which is Citic Telecom 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 Telecom's stock expected returns. We can calculate the autocorrelation of Citic Telecom returns to help us make a trade decision. For example, suppose you find that Citic Telecom 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 Telecom 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 Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citic Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citic Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Citic Telecom Lagged Returns
When evaluating Citic Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citic Telecom stock have on its future price. Citic Telecom 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 Telecom autocorrelation shows the relationship between Citic Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Citic Telecom International.
Regressed Prices |
| Timeline |
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Additional Tools for Citic Stock Analysis
When running Citic Telecom's price analysis, check to measure Citic Telecom'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 Telecom is operating at the current time. Most of Citic Telecom's value examination focuses on studying past and present price action to predict the probability of Citic Telecom'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 Telecom's price. Additionally, you may evaluate how the addition of Citic Telecom to your portfolios can decrease your overall portfolio volatility.