Cit Inc Stock Market Value
| CINT Stock | USD 6.83 0.01 0.15% |
| Symbol | CiT |
CiT Inc Price To Book Ratio
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CiT. If investors know CiT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CiT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.214 | Earnings Share 0.15 | Revenue Per Share 15.504 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0542 |
The market value of CiT Inc is measured differently than its book value, which is the value of CiT that is recorded on the company's balance sheet. Investors also form their own opinion of CiT's value that differs from its market value or its book value, called intrinsic value, which is CiT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CiT's market value can be influenced by many factors that don't directly affect CiT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CiT's value and its price as these two are different measures arrived at by different means. Investors typically determine if CiT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CiT'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.
CiT '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 CiT'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 CiT.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in CiT on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding CiT Inc or generate 0.0% return on investment in CiT over 30 days. CiT is related to or competes with Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, Knife River, Sitka Gold, and SEI Investments. CIT Inc., together with its subsidiaries, provides strategy, design, and software engineering services to enable digital... More
CiT 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 CiT'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 CiT Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.1 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.2 |
CiT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CiT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CiT's standard deviation. In reality, there are many statistical measures that can use CiT historical prices to predict the future CiT's volatility.| Risk Adjusted Performance | 0.0055 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.04) |
CiT Inc Backtested Returns
Currently, CiT Inc is somewhat reliable. CiT Inc secures Sharpe Ratio (or Efficiency) of 0.0292, which signifies that the company had a 0.0292% return per unit of volatility over the last 3 months. We have found twenty-three technical indicators for CiT Inc, which you can use to evaluate the volatility of the firm. Please confirm CiT's mean deviation of 1.96, and Risk Adjusted Performance of 0.0055 to double-check if the risk estimate we provide is consistent with the expected return of 0.0838%. CiT has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CiT's returns are expected to increase less than the market. However, during the bear market, the loss of holding CiT is expected to be smaller as well. CiT Inc right now shows a risk of 2.87%. Please confirm CiT Inc treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if CiT Inc will be following its price patterns.
Auto-correlation | 0.59 |
Modest predictability
CiT Inc has modest predictability. Overlapping area represents the amount of predictability between CiT time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 CiT Inc price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current CiT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
CiT Inc lagged returns against current returns
Autocorrelation, which is CiT 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 CiT's stock expected returns. We can calculate the autocorrelation of CiT returns to help us make a trade decision. For example, suppose you find that CiT 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 |
CiT 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 CiT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CiT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CiT stock over time.
Current vs Lagged Prices |
| Timeline |
CiT Lagged Returns
When evaluating CiT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CiT stock have on its future price. CiT 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, CiT autocorrelation shows the relationship between CiT stock current value and its past values and can show if there is a momentum factor associated with investing in CiT Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CiT Stock Analysis
When running CiT's price analysis, check to measure CiT'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 CiT is operating at the current time. Most of CiT's value examination focuses on studying past and present price action to predict the probability of CiT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CiT's price. Additionally, you may evaluate how the addition of CiT to your portfolios can decrease your overall portfolio volatility.