CITIC (Germany) Market Value

CPF Stock  EUR 1.06  0.01  0.93%   
CITIC's market value is the price at which a share of CITIC trades on a public exchange. It measures the collective expectations of CITIC Limited investors about its performance. CITIC is trading at 1.06 as of the 23rd of December 2024. This is a 0.93 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.06.
With this module, you can estimate the performance of a buy and hold strategy of CITIC Limited and determine expected loss or profit from investing in CITIC over a given investment horizon. Check out CITIC Correlation, CITIC Volatility and CITIC Alpha and Beta module to complement your research on CITIC.
Symbol

Please note, there is a significant difference between CITIC's value and its price as these two are different measures arrived at by different means. Investors typically determine if CITIC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CITIC'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 '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'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.
0.00
04/27/2024
No Change 0.00  0.0 
In 7 months and 28 days
12/23/2024
0.00
If you would invest  0.00  in CITIC on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding CITIC Limited or generate 0.0% return on investment in CITIC over 240 days. CITIC is related to or competes with Honeywell International, Mitsubishi, Hitachi, ITOCHU, CITIC, and CK HUTCHISON. CITIC Limited operates in the financial services, resources and energy, manufacturing, engineering contracting, and real... More

CITIC 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'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 Limited upside and downside potential and time the market with a certain degree of confidence.

CITIC Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CITIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CITIC's standard deviation. In reality, there are many statistical measures that can use CITIC historical prices to predict the future CITIC's volatility.
Hype
Prediction
LowEstimatedHigh
0.051.064.18
Details
Intrinsic
Valuation
LowRealHigh
0.061.104.22
Details

CITIC Limited Backtested Returns

CITIC appears to be dangerous, given 3 months investment horizon. CITIC Limited secures Sharpe Ratio (or Efficiency) of 0.086, which signifies that the company had a 0.086% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for CITIC Limited, which you can use to evaluate the volatility of the firm. Please makes use of CITIC's risk adjusted performance of 0.1406, and Mean Deviation of 2.56 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CITIC holds a performance score of 6. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CITIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding CITIC is expected to be smaller as well. Please check CITIC's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether CITIC's price patterns will revert.

Auto-correlation

    
  0.61  

Good predictability

CITIC Limited has good predictability. Overlapping area represents the amount of predictability between CITIC time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 CITIC Limited price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current CITIC price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.49
Residual Average0.0
Price Variance0.03

CITIC Limited lagged returns against current returns

Autocorrelation, which is CITIC 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's stock expected returns. We can calculate the autocorrelation of CITIC returns to help us make a trade decision. For example, suppose you find that CITIC 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CITIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CITIC stock over time.
   Current vs Lagged Prices   
       Timeline  

CITIC Lagged Returns

When evaluating CITIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CITIC stock have on its future price. CITIC 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 autocorrelation shows the relationship between CITIC stock current value and its past values and can show if there is a momentum factor associated with investing in CITIC Limited.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in CITIC Stock

CITIC 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 security.