Citic Limited Stock Beta
| CTPCF Stock | USD 0.88 0.05 5.38% |
CITIC Limited fundamentals help investors to digest information that contributes to CITIC's financial success or failures. It also enables traders to predict the movement of CITIC Pink Sheet. The fundamental analysis module provides a way to measure CITIC's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CITIC pink sheet.
CITIC |
CITIC Limited Company Beta Analysis
CITIC's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current CITIC Beta | 0.72 |
Most of CITIC's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CITIC Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, CITIC Limited has a Beta of 0.7166. This is 47.69% lower than that of the Industrials sector and 24.57% lower than that of the Conglomerates industry. The beta for all United States stocks is notably lower than that of the firm.
CITIC Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CITIC's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of CITIC could also be used in its relative valuation, which is a method of valuing CITIC by comparing valuation metrics of similar companies.CITIC is currently under evaluation in beta category among related companies.
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.
CITIC Fundamentals
| Return On Equity | 0.0917 | |||
| Return On Asset | 0.0197 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.37 % | |||
| Current Valuation | 232.11 B | |||
| Shares Outstanding | 29.09 B | |||
| Shares Owned By Insiders | 78.10 % | |||
| Shares Owned By Institutions | 3.92 % | |||
| Price To Earning | 3.94 X | |||
| Price To Book | 0.30 X | |||
| Price To Sales | 0.03 X | |||
| Revenue | 905 B | |||
| Gross Profit | 437.63 B | |||
| EBITDA | 151.51 B | |||
| Net Income | 70.22 B | |||
| Cash And Equivalents | 1.99 T | |||
| Cash Per Share | 68.31 X | |||
| Total Debt | 1.63 T | |||
| Debt To Equity | 1.68 % | |||
| Current Ratio | 1.63 X | |||
| Book Value Per Share | 25.85 X | |||
| Cash Flow From Operations | (40.69 B) | |||
| Earnings Per Share | 0.33 X | |||
| Number Of Employees | 136.64 K | |||
| Beta | 0.72 | |||
| Market Capitalization | 33.83 B | |||
| Total Asset | 10.69 T | |||
| Retained Earnings | 182.51 B | |||
| Working Capital | 708.85 B | |||
| Current Asset | 4.55 T | |||
| Current Liabilities | 3.84 T | |||
| Annual Yield | 0.07 % | |||
| Five Year Return | 4.33 % | |||
| Net Asset | 10.69 T | |||
| Last Dividend Paid | 0.66 |
About CITIC Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CITIC Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CITIC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CITIC Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CITIC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CITIC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CITIC will appreciate offsetting losses from the drop in the long position's value.Moving against CITIC Pink Sheet
| 0.74 | IMHC | Imperalis Holding Corp | PairCorr |
| 0.45 | ITOCF | ITOCHU | PairCorr |
The ability to find closely correlated positions to CITIC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CITIC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CITIC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CITIC Limited to buy it.
The correlation of CITIC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CITIC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CITIC Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CITIC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CITIC Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the CITIC Limited information on this page should be used as a complementary analysis to other CITIC's 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for CITIC Pink Sheet analysis
When running CITIC's price analysis, check to measure CITIC'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 is operating at the current time. Most of CITIC's value examination focuses on studying past and present price action to predict the probability of CITIC'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's price. Additionally, you may evaluate how the addition of CITIC to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| 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 |