Cit Inc Stock Chance of Future Stock Price Finishing Over 16.33

CINT Stock  USD 4.13  0.14  3.28%   
CiT's implied volatility is one of the determining factors in the pricing options written on CiT Inc. Implied volatility approximates the future value of CiT based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in CiT Inc over a specific time period. For example, 2024-04-19 CALL at $2.5 is a CALL option contract on CiT's common stock with a strick price of 2.5 expiring on 2024-04-19. The contract was last traded on 2024-03-26 at 15:27:22 for $1.93 and, as of today, has 21 days remaining before the expiration. The option is currently trading at a bid price of $1.7, and an ask price of $2.6. The implied volatility as of the 29th of March is 204.63. View All CiT options

Closest to current price CiT long CALL Option Payoff at Expiration

CiT's future price is the expected price of CiT instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of CiT Inc performance during a given time horizon utilizing its historical volatility. Check out CiT Backtesting, CiT Valuation, CiT Correlation, CiT Hype Analysis, CiT Volatility, CiT History as well as CiT Performance.
  
Price To Free Cash Flows Ratio is likely to gain to 334.30 in 2024, whereas Price Earnings Ratio is likely to drop 40.29 in 2024. Please specify CiT's target price for which you would like CiT odds to be computed.

CiT Target Price Odds to finish over 16.33

The tendency of CiT Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over $ 16.33  or more in 90 days
 4.13 90 days 16.33 
close to zero percent
Based on a normal probability distribution, the odds of CiT to move over $ 16.33  or more in 90 days from now is close to zero percent (This CiT Inc probability density function shows the probability of CiT Stock to fall within a particular range of prices over 90 days) . Probability of CiT Inc price to stay between its current price of $ 4.13  and $ 16.33  at the end of the 90-day period is about 87.04 .
Given the investment horizon of 90 days CiT Inc has a beta of -0.16 suggesting as returns on benchmark increase, returns on holding CiT are expected to decrease at a much lower rate. During the bear market, however, CiT Inc is likely to outperform the market. Additionally CiT Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   CiT Price Density   
       Price  

Predictive Modules for CiT

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CiT Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CiT's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
1.274.317.35
Details
Intrinsic
Valuation
LowRealHigh
1.944.988.02
Details
Naive
Forecast
LowNextHigh
1.394.437.47
Details
6 Analysts
Consensus
LowTargetHigh
7.298.018.89
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CiT. Your research has to be compared to or analyzed against CiT's peers to derive any actionable benefits. When done correctly, CiT's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CiT Inc.

CiT Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. CiT is not an exception. The market had few large corrections towards the CiT's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold CiT Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CiT within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.34
β
Beta against NYSE Composite-0.16
σ
Overall volatility
0.39
Ir
Information ratio -0.17

CiT Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of CiT for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CiT Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
CiT Inc generated a negative expected return over the last 90 days
CiT Inc has high historical volatility and very poor performance
About 73.0% of the company shares are held by institutions such as insurance companies
Latest headline from businesswire.com: CIT files 2023 Annual Report on Form 20-F

CiT Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of CiT Stock often depends not only on the future outlook of the current and potential CiT's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. CiT's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding134.8 M
Cash And Short Term Investments282 M

CiT Technical Analysis

CiT's future price can be derived by breaking down and analyzing its technical indicators over time. CiT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CiT Inc. In general, you should focus on analyzing CiT Stock price patterns and their correlations with different microeconomic environments and drivers.

CiT Predictive Forecast Models

CiT's time-series forecasting models is one of many CiT's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary CiT's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about CiT Inc

Checking the ongoing alerts about CiT for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CiT Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
CiT Inc generated a negative expected return over the last 90 days
CiT Inc has high historical volatility and very poor performance
About 73.0% of the company shares are held by institutions such as insurance companies
Latest headline from businesswire.com: CIT files 2023 Annual Report on Form 20-F
When determining whether CiT Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if CiT Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Cit Inc Stock. Highlighted below are key reports to facilitate an investment decision about Cit Inc Stock:
Check out CiT Backtesting, CiT Valuation, CiT Correlation, CiT Hype Analysis, CiT Volatility, CiT History as well as CiT Performance.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary 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.
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Is CiT's industry 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
(0.27)
Earnings Share
0.24
Revenue Per Share
16.372
Quarterly Revenue Growth
(0.15)
Return On Assets
0.0621
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.