City Office Stock Market Value
| CIO Stock | USD 4.46 0.08 1.83% |
| Symbol | City |
City Office Price To Book Ratio
Is City Office'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 City Office. If investors know City 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 City Office 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 (0.52) | Dividend Share 0.5 | Earnings Share (0.25) | Revenue Per Share 4.486 | Quarterly Revenue Growth (0.01) |
The market value of City Office is measured differently than its book value, which is the value of City that is recorded on the company's balance sheet. Investors also form their own opinion of City Office's value that differs from its market value or its book value, called intrinsic value, which is City Office'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 City Office's market value can be influenced by many factors that don't directly affect City Office'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 City Office's value and its price as these two are different measures arrived at by different means. Investors typically determine if City Office is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, City Office'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.
City Office '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 City Office'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 City Office.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in City Office on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding City Office or generate 0.0% return on investment in City Office over 90 days. City Office is related to or competes with Douglas Emmett, Vornado Realty, Highwoods Properties, Hudson Pacific, Piedmont Office, and Office Properties. invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern... More
City Office 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 City Office'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 City Office upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 21.09 | |||
| Value At Risk | (6.95) | |||
| Potential Upside | 4.45 |
City Office Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for City Office's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as City Office's standard deviation. In reality, there are many statistical measures that can use City Office historical prices to predict the future City Office's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.74) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of City Office'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.
City Office Backtested Returns
City Office secures Sharpe Ratio (or Efficiency) of -0.0748, which signifies that the company had a -0.0748% return per unit of risk over the last 3 months. City Office exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm City Office's Standard Deviation of 3.88, risk adjusted performance of (0.05), and Mean Deviation of 2.67 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.48, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, City Office will likely underperform. City Office has an expected return of -0.29%. Please make sure to confirm City Office skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if City Office performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
City Office has modest reverse predictability. Overlapping area represents the amount of predictability between City Office time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th of April 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 City Office price movement. The serial correlation of -0.48 indicates that about 48.0% of current City Office price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
City Office lagged returns against current returns
Autocorrelation, which is City Office 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 City Office's stock expected returns. We can calculate the autocorrelation of City Office returns to help us make a trade decision. For example, suppose you find that City Office 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 |
City Office 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 City Office stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if City Office stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in City Office stock over time.
Current vs Lagged Prices |
| Timeline |
City Office Lagged Returns
When evaluating City Office's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of City Office stock have on its future price. City Office 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, City Office autocorrelation shows the relationship between City Office stock current value and its past values and can show if there is a momentum factor associated with investing in City Office.
Regressed Prices |
| Timeline |
Pair Trading with City Office
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 City Office 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 City Office will appreciate offsetting losses from the drop in the long position's value.Moving together with City Stock
| 0.68 | BFS | Saul Centers | PairCorr |
The ability to find closely correlated positions to City Office could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace City Office 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 City Office - 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 City Office to buy it.
The correlation of City Office 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 City Office moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if City Office 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 City Office 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 City Office Correlation, City Office Volatility and City Office Alpha and Beta module to complement your research on City Office. To learn how to invest in City Stock, please use our How to Invest in City Office guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for City Stock analysis
When running City Office's price analysis, check to measure City Office'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 City Office is operating at the current time. Most of City Office's value examination focuses on studying past and present price action to predict the probability of City Office's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move City Office's price. Additionally, you may evaluate how the addition of City Office to your portfolios can decrease your overall portfolio volatility.
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City Office technical stock 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, stock market cycles, or different charting patterns.