Citic Limited Stock Market Value
| CTPCF Stock | USD 1.01 0.00 0.00% |
| Symbol | CITIC |
CITIC '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's pink sheet 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.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in CITIC on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding CITIC Limited or generate 0.0% return on investment in CITIC over 30 days. CITIC is related to or competes with Zhihu, Canaf Investments, Alternative Investment, Westshore Terminals, and National CineMedia. CITIC Limited operates in the financial services, manufacturing, engineering contracting, advances materials, consumptio... More
CITIC 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's pink sheet 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 Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.87 | |||
| Information Ratio | 0.0972 | |||
| Maximum Drawdown | 29.44 | |||
| Value At Risk | (7.79) | |||
| Potential Upside | 7.89 |
CITIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CITIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CITIC's standard deviation. In reality, there are many statistical measures that can use CITIC historical prices to predict the future CITIC's volatility.| Risk Adjusted Performance | 0.0779 | |||
| Jensen Alpha | 0.4302 | |||
| Total Risk Alpha | 0.5695 | |||
| Sortino Ratio | 0.0653 | |||
| Treynor Ratio | 2.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CITIC'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 Limited Backtested Returns
CITIC Limited secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had a -0.15 % return per unit of volatility over the last 3 months. CITIC Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CITIC's risk adjusted performance of 0.0779, and Mean Deviation of 2.53 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CITIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding CITIC is expected to be smaller as well. At this point, CITIC Limited has a negative expected return of -0.21%. Please make sure to confirm CITIC's expected short fall, rate of daily change, as well as the relationship between the potential upside and treynor ratio , to decide if CITIC Limited performance from the past will be repeated in the future.
Auto-correlation | Huge |
Perfect predictability
CITIC Limited has perfect predictability. Overlapping area represents the amount of predictability between CITIC time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st 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 Limited price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current CITIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CITIC Limited lagged returns against current returns
Autocorrelation, which is CITIC pink sheet'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's pink sheet expected returns. We can calculate the autocorrelation of CITIC returns to help us make a trade decision. For example, suppose you find that CITIC has exhibited high autocorrelation historically, and you observe that the pink sheet 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CITIC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CITIC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CITIC Lagged Returns
When evaluating CITIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CITIC pink sheet have on its future price. CITIC 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 autocorrelation shows the relationship between CITIC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CITIC Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CITIC Pink Sheet
CITIC financial ratios help investors to determine whether CITIC Pink Sheet 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 security.