I Tech (Sweden) Market Value
| ITECH Stock | SEK 49.60 0.20 0.40% |
| Symbol | ITECH |
I 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 I 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 I Tech.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in I Tech on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding I Tech or generate 0.0% return on investment in I Tech over 30 days. I Tech is related to or competes with Immunovia Publ, Sedana Medical, KABE Group, IAR Systems, Mekonomen, Embellence Group, and Norva24 Group. I-Tech AB, a bio-technology company, develops and commercializes fouling prevention products in Sweden More
I 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 I 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 I Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 10.49 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 4.18 |
I Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for I Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as I Tech's standard deviation. In reality, there are many statistical measures that can use I Tech historical prices to predict the future I Tech's volatility.| Risk Adjusted Performance | 0.0276 | |||
| Jensen Alpha | 0.1012 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.14) |
I Tech Backtested Returns
Currently, I Tech is very steady. I Tech holds Efficiency (Sharpe) Ratio of 0.0477, which attests that the company had a 0.0477% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for I Tech, which you can use to evaluate the volatility of the entity. Please check out I Tech's market risk adjusted performance of (0.13), and Semi Deviation of 1.83 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. I Tech has a performance score of 3 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning I Tech are expected to decrease at a much lower rate. During the bear market, I Tech is likely to outperform the market. I Tech today retains a risk of 2.26%. Please check out I Tech skewness, day typical price, and the relationship between the downside variance and daily balance of power , to decide if I Tech will be following its current trending patterns.
Auto-correlation | 0.23 |
Weak predictability
I Tech has weak predictability. Overlapping area represents the amount of predictability between I Tech time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 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 I Tech price movement. The serial correlation of 0.23 indicates that over 23.0% of current I Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.53 |
I Tech lagged returns against current returns
Autocorrelation, which is I 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 I Tech's stock expected returns. We can calculate the autocorrelation of I Tech returns to help us make a trade decision. For example, suppose you find that I 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 |
I 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 I Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if I Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in I Tech stock over time.
Current vs Lagged Prices |
| Timeline |
I Tech Lagged Returns
When evaluating I Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of I Tech stock have on its future price. I 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, I Tech autocorrelation shows the relationship between I Tech stock current value and its past values and can show if there is a momentum factor associated with investing in I Tech.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for ITECH Stock Analysis
When running I Tech's price analysis, check to measure I 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 I Tech is operating at the current time. Most of I Tech's value examination focuses on studying past and present price action to predict the probability of I 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 I Tech's price. Additionally, you may evaluate how the addition of I Tech to your portfolios can decrease your overall portfolio volatility.