CITIC Metal (China) Price on May 30, 2024
| 601061 Stock | 7.86 0.07 0.88% |
If you're considering investing in CITIC Stock, it is important to understand the factors that can impact its price. As of today, the current price of CITIC Metal stands at 7.86, as last reported on the 10th of December, with the highest price reaching 8.10 and the lowest price hitting 7.86 during the day. CITIC Metal appears to be somewhat reliable, given 3 months investment horizon. CITIC Metal secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for CITIC Metal Co, which you can use to evaluate the volatility of the firm. Please makes use of CITIC Metal's risk adjusted performance of 0.0795, and Mean Deviation of 1.41 to double-check if our risk estimates are consistent with your expectations.
CITIC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CITIC |
Sharpe Ratio = 0.1196
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 601061 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.23 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average CITIC Metal is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CITIC Metal by adding it to a well-diversified portfolio.
Price Book 1.8509 | Enterprise Value Ebitda 14.2035 | Price Sales 0.3074 | Shares Float 495.4 M | Dividend Share 0.15 |
CITIC Metal Main Headline on 30th of May 2024
CITIC Metal Takes On Some Risk With Its Use Of Debt - Simply... by news.google.com
CITIC Metal Takes On Some Risk With Its Use Of Debt Simply Wall St
CITIC Metal Valuation on May 30, 2024
It is possible to determine the worth of CITIC Metal on a given historical date. On May 30, 2024 CITIC was worth 8.11 at the beginning of the trading date compared to the closed value of 7.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CITIC Metal stock. Still, in general, we apply an absolute valuation method to find CITIC Metal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CITIC Metal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CITIC Metal's related companies.
| Open | High | Low | Close | Volume | |
| 7.92 | 8.17 | 7.84 | 8.10 | 27,191,213 | |
05/30/2024 | 8.11 | 8.11 | 7.94 | 7.98 | 15,959,359 |
| 7.94 | 8.00 | 7.94 | 7.95 | 9,333,979 |
| Backtest CITIC Metal | | | CITIC Metal History | | | CITIC Metal Valuation | Previous | Next |
CITIC Metal Trading Date Momentum on May 30, 2024
| On May 31 2024 CITIC Metal Co was traded for 7.95 at the closing time. The highest price during the trading period was 8.00 and the lowest recorded bid was listed for 7.94 . The volume for the day was 9.3 M. This history from May 31, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.38% . The overall trading delta to the current price is 6.64% . |
CITIC Metal Fundamentals Correlations and Trends
By evaluating CITIC Metal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CITIC Metal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CITIC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CITIC Metal Stock history
CITIC Metal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CITIC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CITIC Metal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CITIC Metal stock prices may prove useful in developing a viable investing in CITIC Metal
CITIC Metal Stock Technical Analysis
CITIC Metal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
CITIC Metal Period Price Range
Low | December 10, 2024
| High |
0.00 | 0.00 |
CITIC Metal Co cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CITIC Metal December 10, 2024 Market Strength
Market strength indicators help investors to evaluate how CITIC Metal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CITIC Metal shares will generate the highest return on investment. By undertsting and applying CITIC Metal stock market strength indicators, traders can identify CITIC Metal Co entry and exit signals to maximize returns
CITIC Metal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CITIC Metal's price direction in advance. Along with the technical and fundamental analysis of CITIC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CITIC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0795 | |||
| Jensen Alpha | 0.2267 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0431 | |||
| Treynor Ratio | (0.98) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for CITIC Stock analysis
When running CITIC Metal's price analysis, check to measure CITIC Metal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CITIC Metal is operating at the current time. Most of CITIC Metal's value examination focuses on studying past and present price action to predict the probability of CITIC Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CITIC Metal's price. Additionally, you may evaluate how the addition of CITIC Metal to your portfolios can decrease your overall portfolio volatility.
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