Citycon Oyj (Finland) Market Value
| CTY1S Stock | EUR 3.22 0.04 1.26% |
| Symbol | Citycon |
Citycon Oyj '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 Citycon Oyj'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 Citycon Oyj.
| 10/03/2024 |
| 01/01/2025 |
If you would invest 0.00 in Citycon Oyj on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Citycon Oyj or generate 0.0% return on investment in Citycon Oyj over 90 days. Citycon Oyj is related to or competes with Sampo Oyj, Tokmanni Group, Nordea Bank, Telia Company, and Fortum Oyj. Citycon Oyj, a real estate investment company, owns, develops, and manages urban grocery-anchored shopping centers in Fi... More
Citycon Oyj 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 Citycon Oyj'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 Citycon Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.02 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 1.85 |
Citycon Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citycon Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citycon Oyj's standard deviation. In reality, there are many statistical measures that can use Citycon Oyj historical prices to predict the future Citycon Oyj's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 1.49 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Citycon Oyj'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.
Citycon Oyj Backtested Returns
Citycon Oyj secures Sharpe Ratio (or Efficiency) of -0.23, which signifies that the company had a -0.23% return per unit of risk over the last 3 months. Citycon Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Citycon Oyj's Mean Deviation of 1.08, standard deviation of 1.57, and Risk Adjusted Performance of (0.16) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Citycon Oyj are expected to decrease at a much lower rate. During the bear market, Citycon Oyj is likely to outperform the market. At this point, Citycon Oyj has a negative expected return of -0.37%. Please make sure to confirm Citycon Oyj's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Citycon Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Citycon Oyj has below average predictability. Overlapping area represents the amount of predictability between Citycon Oyj time series from 3rd of October 2024 to 17th of November 2024 and 17th of November 2024 to 1st 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 Citycon Oyj price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Citycon Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Citycon Oyj lagged returns against current returns
Autocorrelation, which is Citycon Oyj 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 Citycon Oyj's stock expected returns. We can calculate the autocorrelation of Citycon Oyj returns to help us make a trade decision. For example, suppose you find that Citycon Oyj 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 |
Citycon Oyj 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 Citycon Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citycon Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citycon Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Citycon Oyj Lagged Returns
When evaluating Citycon Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citycon Oyj stock have on its future price. Citycon Oyj 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, Citycon Oyj autocorrelation shows the relationship between Citycon Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Citycon Oyj.
Regressed Prices |
| Timeline |
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Other Information on Investing in Citycon Stock
Citycon Oyj financial ratios help investors to determine whether Citycon 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 Citycon with respect to the benefits of owning Citycon Oyj security.