It Tech Packaging Stock Market Value
| ITP Stock | USD 0.24 0.02 9.09% |
| Symbol | ITP |
IT Tech Packaging Price To Book Ratio
Is Paper & Forest Products space 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 IT Tech. If investors know ITP 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 IT Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.98) | Revenue Per Share 6.939 | Quarterly Revenue Growth (0.13) | Return On Assets (0.03) | Return On Equity (0.06) |
The market value of IT Tech Packaging is measured differently than its book value, which is the value of ITP that is recorded on the company's balance sheet. Investors also form their own opinion of IT Tech's value that differs from its market value or its book value, called intrinsic value, which is IT Tech'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 IT Tech's market value can be influenced by many factors that don't directly affect IT Tech'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 IT Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if IT Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IT 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.
IT 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 IT 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 IT Tech.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in IT Tech on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding IT Tech Packaging or generate 0.0% return on investment in IT Tech over 720 days. IT Tech is related to or competes with Mondi PLC, Holmen AB, Canfor Pulp, and Nine Dragons. IT Tech Packaging, Inc., through its subsidiaries, engages in the production and distribution of paper products in the P... More
IT 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 IT 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 IT Tech Packaging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.77 | |||
| Information Ratio | 0.0109 | |||
| Maximum Drawdown | 22.88 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 8.7 |
IT Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IT Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IT Tech's standard deviation. In reality, there are many statistical measures that can use IT Tech historical prices to predict the future IT Tech's volatility.| Risk Adjusted Performance | 0.0374 | |||
| Jensen Alpha | 0.0037 | |||
| Total Risk Alpha | (0.67) | |||
| Sortino Ratio | 0.0082 | |||
| Treynor Ratio | 0.1303 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IT Tech'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.
IT Tech Packaging Backtested Returns
IT Tech appears to be out of control, given 3 months investment horizon. IT Tech Packaging retains Efficiency (Sharpe Ratio) of 0.0383, which attests that the entity had a 0.0383% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for IT Tech, which you can use to evaluate the volatility of the firm. Please utilize IT Tech's Standard Deviation of 5.11, semi deviation of 4.41, and Market Risk Adjusted Performance of 0.1403 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IT Tech holds a performance score of 3. The company owns a Beta (Systematic Risk) of 1.41, which attests to 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, IT Tech will likely underperform. Please check IT Tech's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether IT Tech's current price history will revert.
Auto-correlation | 0.20 |
Weak predictability
IT Tech Packaging has weak predictability. Overlapping area represents the amount of predictability between IT Tech time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 IT Tech Packaging price movement. The serial correlation of 0.2 indicates that over 20.0% of current IT Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
IT Tech Packaging lagged returns against current returns
Autocorrelation, which is IT 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 IT Tech's stock expected returns. We can calculate the autocorrelation of IT Tech returns to help us make a trade decision. For example, suppose you find that IT 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 |
IT 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 IT Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IT Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IT Tech stock over time.
Current vs Lagged Prices |
| Timeline |
IT Tech Lagged Returns
When evaluating IT Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IT Tech stock have on its future price. IT 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, IT Tech autocorrelation shows the relationship between IT Tech stock current value and its past values and can show if there is a momentum factor associated with investing in IT Tech Packaging.
Regressed Prices |
| Timeline |
Pair Trading with IT Tech
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 IT Tech 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 IT Tech will appreciate offsetting losses from the drop in the long position's value.Moving against ITP Stock
The ability to find closely correlated positions to IT Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IT Tech 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 IT Tech - 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 IT Tech Packaging to buy it.
The correlation of IT Tech 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 IT Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IT Tech Packaging 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 IT Tech 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.Additional Tools for ITP Stock Analysis
When running IT Tech's price analysis, check to measure IT 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 IT Tech is operating at the current time. Most of IT Tech's value examination focuses on studying past and present price action to predict the probability of IT 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 IT Tech's price. Additionally, you may evaluate how the addition of IT Tech to your portfolios can decrease your overall portfolio volatility.