CITIC Securities' market value is the price at which a share of CITIC Securities trades on a public exchange. It measures the collective expectations of CITIC Securities investors about its performance. CITIC Securities is trading at 2.42 as of the 8th of January 2025. This is a 0.82 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.42. With this module, you can estimate the performance of a buy and hold strategy of CITIC Securities and determine expected loss or profit from investing in CITIC Securities over a given investment horizon. Check out CITIC Securities Correlation, CITIC Securities Volatility and CITIC Securities Alpha and Beta module to complement your research on CITIC Securities.
Please note, there is a significant difference between CITIC Securities' value and its price as these two are different measures arrived at by different means. Investors typically determine if CITIC Securities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CITIC Securities' 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 Securities '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 Securities' 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 Securities.
0.00
12/09/2024
No Change 0.00
0.0
In 30 days
01/08/2025
0.00
If you would invest 0.00 in CITIC Securities on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding CITIC Securities or generate 0.0% return on investment in CITIC Securities over 30 days. CITIC Securities is related to or competes with Zijin Mining, Geely Automobile, and Harmony Gold. CITIC Securities Company Limited provides various financial products and services in Mainland China and internationally More
CITIC Securities 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 Securities' 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 Securities 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 Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CITIC Securities' standard deviation. In reality, there are many statistical measures that can use CITIC Securities historical prices to predict the future CITIC Securities' volatility.
CITIC Securities appears to be very risky, given 3 months investment horizon. CITIC Securities secures Sharpe Ratio (or Efficiency) of 0.054, which signifies that the company had a 0.054% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for CITIC Securities, which you can use to evaluate the volatility of the firm. Please makes use of CITIC Securities' risk adjusted performance of 0.0614, and Mean Deviation of 3.9 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CITIC Securities holds a performance score of 4. The firm shows a Beta (market volatility) of 2.12, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CITIC Securities will likely underperform. Please check CITIC Securities' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether CITIC Securities' price patterns will revert.
Auto-correlation
0.18
Very weak predictability
CITIC Securities has very weak predictability. Overlapping area represents the amount of predictability between CITIC Securities time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Securities price movement. The serial correlation of 0.18 indicates that over 18.0% of current CITIC Securities price fluctuation can be explain by its past prices.
Correlation Coefficient
0.18
Spearman Rank Test
-0.14
Residual Average
0.0
Price Variance
0.01
CITIC Securities lagged returns against current returns
Autocorrelation, which is CITIC Securities 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 Securities' stock expected returns. We can calculate the autocorrelation of CITIC Securities returns to help us make a trade decision. For example, suppose you find that CITIC Securities 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 Securities 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 Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CITIC Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CITIC Securities stock over time.
Current vs Lagged Prices
Timeline
CITIC Securities Lagged Returns
When evaluating CITIC Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CITIC Securities stock have on its future price. CITIC Securities 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 Securities autocorrelation shows the relationship between CITIC Securities stock current value and its past values and can show if there is a momentum factor associated with investing in CITIC Securities.
CITIC Securities 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 Securities security.