Citic Resources Holdings Stock Price on July 17, 2018
| CTJHY Stock | USD 11.69 0.32 2.66% |
If you're considering investing in CITIC Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of CITIC Resources stands at 11.69, as last reported on the 19th of April, with the highest price reaching 12.61 and the lowest price hitting 11.69 during the day. CITIC Resources appears to be not too volatile, given 3 months investment horizon. CITIC Resources Holdings secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for CITIC Resources Holdings, which you can use to evaluate the volatility of the firm. Please makes use of CITIC Resources' mean deviation of 0.9765, and Risk Adjusted Performance of 0.0988 to double-check if our risk estimates are consistent with your expectations.
CITIC Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
CITIC |
Sharpe Ratio = 0.1506
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Estimated Market Risk
| 2.99 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.45 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average CITIC Resources is performing at about 11% 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 Resources by adding it to a well-diversified portfolio.
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.
About CITIC Resources Pink Sheet history
CITIC Resources 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 Resources Holdings 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 Resources stock prices may prove useful in developing a viable investing in CITIC Resources
CITIC Resources Holdings Limited, an investment holding company, engages in the exploration, development, and production of oil and coal. CITIC Resources Holdings Limited is a subsidiary of CITIC Group Corporation. Citic Resources operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 187 people.
CITIC Resources Pink Sheet Technical Analysis
CITIC Resources technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
CITIC Resources Period Price Range
CITIC Resources April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how CITIC Resources pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CITIC Resources shares will generate the highest return on investment. By undertsting and applying CITIC Resources pink sheet market strength indicators, traders can identify CITIC Resources Holdings entry and exit signals to maximize returns
CITIC Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CITIC Resources' price direction in advance. Along with the technical and fundamental analysis of CITIC Pink Sheet 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 | 0.0988 | |||
| Jensen Alpha | 0.3998 | |||
| Total Risk Alpha | 0.1428 | |||
| Treynor Ratio | 1.23 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CITIC Resources Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the CITIC Resources Holdings information on this page should be used as a complementary analysis to other CITIC Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for CITIC Pink Sheet analysis
When running CITIC Resources' price analysis, check to measure CITIC Resources' 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 Resources is operating at the current time. Most of CITIC Resources' value examination focuses on studying past and present price action to predict the probability of CITIC Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CITIC Resources' price. Additionally, you may evaluate how the addition of CITIC Resources to your portfolios can decrease your overall portfolio volatility.
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