ITE Tech's market value is the price at which a share of ITE Tech trades on a public exchange. It measures the collective expectations of ITE Tech investors about its performance. ITE Tech is selling for under 141.00 as of the 9th of January 2025; that is 4.73 percent decrease since the beginning of the trading day. The stock's lowest day price was 141.0. With this module, you can estimate the performance of a buy and hold strategy of ITE Tech and determine expected loss or profit from investing in ITE Tech over a given investment horizon. Check out ITE Tech Correlation, ITE Tech Volatility and ITE Tech Alpha and Beta module to complement your research on ITE Tech.
Please note, there is a significant difference between ITE Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ITE Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ITE Tech'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.
ITE Tech '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 ITE Tech'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 ITE Tech.
0.00
12/10/2024
No Change 0.00
0.0
In 31 days
01/09/2025
0.00
If you would invest 0.00 in ITE Tech on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding ITE Tech or generate 0.0% return on investment in ITE Tech over 30 days. ITE Tech is related to or competes with Novatek Microelectronics, Elan Microelectronics, Elite Semiconductor, Faraday Technology, and Sonix Technology. Inc, a professional fabless IC design company, provides IO, keyboard, and embedded controller technology products in Tai... More
ITE Tech 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 ITE Tech'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 ITE Tech upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITE Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITE Tech's standard deviation. In reality, there are many statistical measures that can use ITE Tech historical prices to predict the future ITE Tech's volatility.
At this stage we consider ITE Stock to be very steady. ITE Tech holds Efficiency (Sharpe) Ratio of 0.0182, which attests that the entity had a 0.0182% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for ITE Tech, which you can use to evaluate the volatility of the firm. Please check out ITE Tech's Market Risk Adjusted Performance of 0.1633, semi deviation of 1.66, and Risk Adjusted Performance of 0.0574 to validate if the risk estimate we provide is consistent with the expected return of 0.0385%. ITE Tech has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ITE Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding ITE Tech is expected to be smaller as well. ITE Tech currently retains a risk of 2.12%. Please check out ITE Tech market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if ITE Tech will be following its current trending patterns.
Auto-correlation
-0.51
Good reverse predictability
ITE Tech has good reverse predictability. Overlapping area represents the amount of predictability between ITE Tech time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ITE Tech price movement. The serial correlation of -0.51 indicates that about 51.0% of current ITE Tech price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.51
Spearman Rank Test
-0.17
Residual Average
0.0
Price Variance
5.07
ITE Tech lagged returns against current returns
Autocorrelation, which is ITE Tech 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 ITE Tech's stock expected returns. We can calculate the autocorrelation of ITE Tech returns to help us make a trade decision. For example, suppose you find that ITE Tech 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
ITE Tech 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 ITE Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITE Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITE Tech stock over time.
Current vs Lagged Prices
Timeline
ITE Tech Lagged Returns
When evaluating ITE Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITE Tech stock have on its future price. ITE Tech 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, ITE Tech autocorrelation shows the relationship between ITE Tech stock current value and its past values and can show if there is a momentum factor associated with investing in ITE Tech.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running ITE Tech's price analysis, check to measure ITE Tech'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 ITE Tech is operating at the current time. Most of ITE Tech's value examination focuses on studying past and present price action to predict the probability of ITE Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITE Tech's price. Additionally, you may evaluate how the addition of ITE Tech to your portfolios can decrease your overall portfolio volatility.