Cytta Corp Stock Market Value
| CYCA Stock | USD 0.02 0.01 17.24% |
| Symbol | Cytta |
Cytta Corp '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 Cytta Corp's otc 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 Cytta Corp.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Cytta Corp on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Cytta Corp or generate 0.0% return on investment in Cytta Corp over 720 days. Cytta Corp is related to or competes with Pmv Pharmaceuticals, MediciNova, Pharvaris, PepGen, Anebulo Pharmaceuticals, Rezolute, and HCW Biologics. Cytta Corp. develops, markets, and distributes various video streaming products and services More
Cytta Corp 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 Cytta Corp's otc 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 Cytta Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.86 | |||
| Information Ratio | 0.0486 | |||
| Maximum Drawdown | 47.1 | |||
| Value At Risk | (16.22) | |||
| Potential Upside | 16.0 |
Cytta Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cytta Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cytta Corp's standard deviation. In reality, there are many statistical measures that can use Cytta Corp historical prices to predict the future Cytta Corp's volatility.| Risk Adjusted Performance | 0.0558 | |||
| Jensen Alpha | 0.6001 | |||
| Total Risk Alpha | (0.90) | |||
| Sortino Ratio | 0.0448 | |||
| Treynor Ratio | 158.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cytta Corp'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.
Cytta Corp Backtested Returns
Cytta Corp appears to be out of control, given 3 months investment horizon. Cytta Corp secures Sharpe Ratio (or Efficiency) of 0.0415, which signifies that the company had a 0.0415% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cytta Corp, which you can use to evaluate the volatility of the firm. Please makes use of Cytta Corp's Mean Deviation of 6.96, downside deviation of 10.86, and Risk Adjusted Performance of 0.0558 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cytta Corp holds a performance score of 3. The firm shows a Beta (market volatility) of 0.0038, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cytta Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cytta Corp is expected to be smaller as well. Please check Cytta Corp's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Cytta Corp's price patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
Cytta Corp has poor predictability. Overlapping area represents the amount of predictability between Cytta Corp time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Cytta Corp price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Cytta Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cytta Corp lagged returns against current returns
Autocorrelation, which is Cytta Corp otc 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 Cytta Corp's otc stock expected returns. We can calculate the autocorrelation of Cytta Corp returns to help us make a trade decision. For example, suppose you find that Cytta Corp has exhibited high autocorrelation historically, and you observe that the otc 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 |
Cytta Corp 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 Cytta Corp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cytta Corp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cytta Corp otc stock over time.
Current vs Lagged Prices |
| Timeline |
Cytta Corp Lagged Returns
When evaluating Cytta Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cytta Corp otc stock have on its future price. Cytta Corp 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, Cytta Corp autocorrelation shows the relationship between Cytta Corp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Cytta Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Cytta OTC Stock
Cytta Corp financial ratios help investors to determine whether Cytta OTC 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 Cytta with respect to the benefits of owning Cytta Corp security.