ITI (India) Market Value
| ITI Stock | 295.67 20.06 7.28% |
| Symbol | ITI |
ITI '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 ITI'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 ITI.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in ITI on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding ITI Limited or generate 0.0% return on investment in ITI over 30 days. ITI is related to or competes with Datamatics Global, MIRC Electronics, Cantabil Retail, Garuda Construction, Action Construction, and Hathway Cable. ITI is entity of India. It is traded as Stock on NSE exchange. More
ITI 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 ITI'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 ITI Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 24.73 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 7.28 |
ITI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITI's standard deviation. In reality, there are many statistical measures that can use ITI historical prices to predict the future ITI's volatility.| Risk Adjusted Performance | 0.0157 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0247 |
ITI Limited Backtested Returns
At this point, ITI is very steady. ITI Limited holds Efficiency (Sharpe) Ratio of 0.0094, which attests that the entity had a 0.0094% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ITI Limited, which you can use to evaluate the volatility of the firm. Please check out ITI's Market Risk Adjusted Performance of 0.0347, risk adjusted performance of 0.0157, and Semi Deviation of 2.73 to validate if the risk estimate we provide is consistent with the expected return of 0.0368%. The company retains a Market Volatility (i.e., Beta) of 1.16, 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, ITI will likely underperform. ITI Limited currently retains a risk of 3.93%. Please check out ITI jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if ITI will be following its current trending patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
ITI Limited has weak reverse predictability. Overlapping area represents the amount of predictability between ITI time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 ITI Limited price movement. The serial correlation of -0.21 indicates that over 21.0% of current ITI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 63.82 |
ITI Limited lagged returns against current returns
Autocorrelation, which is ITI 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 ITI's stock expected returns. We can calculate the autocorrelation of ITI returns to help us make a trade decision. For example, suppose you find that ITI 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 |
ITI 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 ITI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITI stock over time.
Current vs Lagged Prices |
| Timeline |
ITI Lagged Returns
When evaluating ITI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITI stock have on its future price. ITI 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, ITI autocorrelation shows the relationship between ITI stock current value and its past values and can show if there is a momentum factor associated with investing in ITI Limited.
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 ITI Stock
ITI financial ratios help investors to determine whether ITI 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 ITI with respect to the benefits of owning ITI security.