Citi Trends Stock Beneish M Score
CTRN Stock | USD 23.51 0.32 1.38% |
Citi |
At this time, Citi Trends' M Score is unavailable. The earnings manipulation may begin if Citi Trends' top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Citi Trends executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Citi Trends' earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Unavailable
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About Citi Trends Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Citi Trends's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Citi Trends using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Citi Trends 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Citi Trends in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Citi Trends' short interest history, or implied volatility extrapolated from Citi Trends options trading.
Pair Trading with Citi Trends
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 Citi Trends 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 Citi Trends will appreciate offsetting losses from the drop in the long position's value.Moving together with Citi Stock
0.62 | FL | Foot Locker Downward Rally | PairCorr |
0.84 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
Moving against Citi Stock
0.89 | LE | Lands End Financial Report 6th of June 2024 | PairCorr |
0.6 | GES | Guess Inc Financial Report 22nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Citi Trends could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citi Trends 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 Citi Trends - 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 Citi Trends to buy it.
The correlation of Citi Trends 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 Citi Trends moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citi Trends 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 Citi Trends 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 Citi Trends Piotroski F Score and Citi Trends Altman Z Score analysis. To learn how to invest in Citi Stock, please use our How to Invest in Citi Trends guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Citi Stock analysis
When running Citi Trends' price analysis, check to measure Citi Trends' 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 Citi Trends is operating at the current time. Most of Citi Trends' value examination focuses on studying past and present price action to predict the probability of Citi Trends' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Citi Trends' price. Additionally, you may evaluate how the addition of Citi Trends to your portfolios can decrease your overall portfolio volatility.
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Is Citi Trends' 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 Citi Trends. If investors know Citi 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 Citi Trends listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Citi Trends is measured differently than its book value, which is the value of Citi that is recorded on the company's balance sheet. Investors also form their own opinion of Citi Trends' value that differs from its market value or its book value, called intrinsic value, which is Citi Trends' 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 Citi Trends' market value can be influenced by many factors that don't directly affect Citi Trends' 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 Citi Trends' value and its price as these two are different measures arrived at by different means. Investors typically determine if Citi Trends is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citi Trends' 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.