CITIC RESHLDGS's market value is the price at which a share of CITIC RESHLDGS trades on a public exchange. It measures the collective expectations of CITIC RESHLDGS HD investors about its performance. CITIC RESHLDGS is trading at 0.0375 as of the 6th of January 2025. This is a 2.6% down since the beginning of the trading day. The stock's lowest day price was 0.0375. With this module, you can estimate the performance of a buy and hold strategy of CITIC RESHLDGS HD and determine expected loss or profit from investing in CITIC RESHLDGS over a given investment horizon. Check out CITIC RESHLDGS Correlation, CITIC RESHLDGS Volatility and CITIC RESHLDGS Alpha and Beta module to complement your research on CITIC RESHLDGS.
Please note, there is a significant difference between CITIC RESHLDGS's value and its price as these two are different measures arrived at by different means. Investors typically determine if CITIC RESHLDGS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CITIC RESHLDGS's 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 RESHLDGS '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 RESHLDGS'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 RESHLDGS.
0.00
12/07/2024
No Change 0.00
0.0
In 31 days
01/06/2025
0.00
If you would invest 0.00 in CITIC RESHLDGS on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding CITIC RESHLDGS HD or generate 0.0% return on investment in CITIC RESHLDGS over 30 days. CITIC RESHLDGS is related to or competes with Calibre Mining, Jacquet Metal, ARDAGH METAL, 24SEVENOFFICE GROUP, MCEWEN MINING, and Harmony Gold. CITIC Resources Holdings Limited, an investment holding company, engages in the exploration, development, and production... More
CITIC RESHLDGS 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 RESHLDGS'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 RESHLDGS HD 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 RESHLDGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CITIC RESHLDGS's standard deviation. In reality, there are many statistical measures that can use CITIC RESHLDGS historical prices to predict the future CITIC RESHLDGS's volatility.
CITIC RESHLDGS HD secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of volatility over the last 3 months. CITIC RESHLDGS HD exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CITIC RESHLDGS's risk adjusted performance of 0.0012, and Mean Deviation of 2.22 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CITIC RESHLDGS are expected to decrease at a much lower rate. During the bear market, CITIC RESHLDGS is likely to outperform the market. At this point, CITIC RESHLDGS HD has a negative expected return of -0.41%. Please make sure to confirm CITIC RESHLDGS's daily balance of power, price action indicator, and the relationship between the skewness and day median price , to decide if CITIC RESHLDGS HD performance from the past will be repeated in the future.
Auto-correlation
0.20
Weak predictability
CITIC RESHLDGS HD has weak predictability. Overlapping area represents the amount of predictability between CITIC RESHLDGS time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 RESHLDGS HD price movement. The serial correlation of 0.2 indicates that over 20.0% of current CITIC RESHLDGS price fluctuation can be explain by its past prices.
Correlation Coefficient
0.2
Spearman Rank Test
-0.2
Residual Average
0.0
Price Variance
0.0
CITIC RESHLDGS HD lagged returns against current returns
Autocorrelation, which is CITIC RESHLDGS 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 RESHLDGS's stock expected returns. We can calculate the autocorrelation of CITIC RESHLDGS returns to help us make a trade decision. For example, suppose you find that CITIC RESHLDGS 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 RESHLDGS 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 RESHLDGS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CITIC RESHLDGS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CITIC RESHLDGS stock over time.
Current vs Lagged Prices
Timeline
CITIC RESHLDGS Lagged Returns
When evaluating CITIC RESHLDGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CITIC RESHLDGS stock have on its future price. CITIC RESHLDGS 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 RESHLDGS autocorrelation shows the relationship between CITIC RESHLDGS stock current value and its past values and can show if there is a momentum factor associated with investing in CITIC RESHLDGS HD.
CITIC RESHLDGS 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 RESHLDGS security.