Italtile (South Africa) Market Value
| ITE Stock | 1,360 57.00 4.02% |
| Symbol | Italtile |
Italtile '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 Italtile'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 Italtile.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Italtile on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Italtile or generate 0.0% return on investment in Italtile over 720 days. Italtile is related to or competes with Brimstone Investment, Hosken Consolidated, Blue Label, Bytes Technology, Safari Investments, and Deneb Investments. More
Italtile 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 Italtile'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 Italtile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.1183 | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.35 |
Italtile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Italtile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Italtile's standard deviation. In reality, there are many statistical measures that can use Italtile historical prices to predict the future Italtile's volatility.| Risk Adjusted Performance | 0.1151 | |||
| Jensen Alpha | 0.2033 | |||
| Total Risk Alpha | 0.1622 | |||
| Sortino Ratio | 0.1114 | |||
| Treynor Ratio | 1.95 |
Italtile Backtested Returns
At this point, Italtile is very steady. Italtile holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Italtile, which you can use to evaluate the volatility of the firm. Please check out Italtile's Risk Adjusted Performance of 0.1151, market risk adjusted performance of 1.96, and Downside Deviation of 1.65 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Italtile has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Italtile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Italtile is expected to be smaller as well. Italtile right now retains a risk of 1.54%. Please check out Italtile jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Italtile will be following its current trending patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Italtile has modest reverse predictability. Overlapping area represents the amount of predictability between Italtile time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd of December 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 Italtile price movement. The serial correlation of -0.48 indicates that about 48.0% of current Italtile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 22.6 K |
Italtile lagged returns against current returns
Autocorrelation, which is Italtile 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 Italtile's stock expected returns. We can calculate the autocorrelation of Italtile returns to help us make a trade decision. For example, suppose you find that Italtile 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 |
Italtile 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 Italtile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Italtile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Italtile stock over time.
Current vs Lagged Prices |
| Timeline |
Italtile Lagged Returns
When evaluating Italtile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Italtile stock have on its future price. Italtile 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, Italtile autocorrelation shows the relationship between Italtile stock current value and its past values and can show if there is a momentum factor associated with investing in Italtile.
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.Other Information on Investing in Italtile Stock
Italtile financial ratios help investors to determine whether Italtile Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Italtile with respect to the benefits of owning Italtile security.