Itt Inc Stock Chance of Future Stock Price Finishing Under 77.83
| ITT Stock | USD 143.68 0.00 0.00% |
ITT |
ITT Target Price Odds to finish below 77.83
The tendency of ITT 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 Price | Horizon | Target Price | Odds to drop to $ 77.83 or more in 90 days |
| 143.68 | 90 days | 77.83 | near 1 |
Based on a normal probability distribution, the odds of ITT to drop to $ 77.83 or more in 90 days from now is near 1 (This ITT Inc probability density function shows the probability of ITT Stock to fall within a particular range of prices over 90 days) . Probability of ITT Inc price to stay between $ 77.83 and its current price of $143.68 at the end of the 90-day period is about 9.82 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.42 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ITT will likely underperform. Additionally ITT Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ITT Price Density |
| Price |
Predictive Modules for ITT
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ITT 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 ITT'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.
ITT Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ITT is not an exception. The market had few large corrections towards the ITT'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 ITT Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ITT within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 1.42 | |
σ | Overall volatility | 4.79 | |
Ir | Information ratio | -0.04 |
ITT 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 ITT for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ITT 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.| ITT Inc generated a negative expected return over the last 90 days | |
| ITT Inc has a strong financial position based on the latest SEC filings | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Barclays PLC Sells 111,907 Shares of ITT Inc. - MarketBeat |
ITT 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 ITT Stock often depends not only on the future outlook of the current and potential ITT'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. ITT's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 82.7 M | |
| Cash And Short Term Investments | 489.2 M |
ITT Technical Analysis
ITT's future price can be derived by breaking down and analyzing its technical indicators over time. ITT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ITT Inc. In general, you should focus on analyzing ITT Stock price patterns and their correlations with different microeconomic environments and drivers.
ITT Predictive Forecast Models
ITT's time-series forecasting models is one of many ITT'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 ITT'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 ITT Inc
Checking the ongoing alerts about ITT for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ITT Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ITT Inc generated a negative expected return over the last 90 days | |
| ITT Inc has a strong financial position based on the latest SEC filings | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Barclays PLC Sells 111,907 Shares of ITT Inc. - MarketBeat |
Additional Tools for ITT Stock Analysis
When running ITT's price analysis, check to measure ITT'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 ITT is operating at the current time. Most of ITT's value examination focuses on studying past and present price action to predict the probability of ITT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITT's price. Additionally, you may evaluate how the addition of ITT to your portfolios can decrease your overall portfolio volatility.