Itochu Corp Adr Stock Market Value
| ITOCY Stock | USD 98.20 2.17 2.26% |
| Symbol | Itochu |
Itochu Corp '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 Itochu Corp's pink sheet 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 Itochu Corp.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Itochu Corp on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Itochu Corp ADR or generate 0.0% return on investment in Itochu Corp over 30 days. Itochu Corp is related to or competes with Sumitomo Corp, and ITOCHU. ITOCHU Corporation engages in trading and importingexporting various products worldwide More
Itochu Corp 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 Itochu Corp's pink sheet 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 Itochu Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.84 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 3.02 |
Itochu Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Itochu Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Itochu Corp's standard deviation. In reality, there are many statistical measures that can use Itochu Corp historical prices to predict the future Itochu Corp's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Itochu Corp'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.
Itochu Corp ADR Backtested Returns
Itochu Corp ADR holds Efficiency (Sharpe) Ratio of -0.0524, which attests that the entity had a -0.0524% return per unit of risk over the last 3 months. Itochu Corp ADR exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Itochu Corp's Standard Deviation of 1.68, insignificant risk adjusted performance, and Market Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. Itochu Corp returns are very sensitive to returns on the market. As the market goes up or down, Itochu Corp is expected to follow. At this point, Itochu Corp ADR has a negative expected return of -0.0862%. Please make sure to check out Itochu Corp's total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Itochu Corp ADR performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Itochu Corp ADR has very good reverse predictability. Overlapping area represents the amount of predictability between Itochu Corp time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Itochu Corp ADR price movement. The serial correlation of -0.69 indicates that around 69.0% of current Itochu Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
Itochu Corp ADR lagged returns against current returns
Autocorrelation, which is Itochu Corp pink sheet'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 Itochu Corp's pink sheet expected returns. We can calculate the autocorrelation of Itochu Corp returns to help us make a trade decision. For example, suppose you find that Itochu Corp has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Itochu Corp 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 Itochu Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Itochu Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Itochu Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Itochu Corp Lagged Returns
When evaluating Itochu Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Itochu Corp pink sheet have on its future price. Itochu Corp 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, Itochu Corp autocorrelation shows the relationship between Itochu Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Itochu Corp ADR.
Regressed Prices |
| Timeline |
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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.Additional Tools for Itochu Pink Sheet Analysis
When running Itochu Corp's price analysis, check to measure Itochu Corp'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 Itochu Corp is operating at the current time. Most of Itochu Corp's value examination focuses on studying past and present price action to predict the probability of Itochu Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itochu Corp's price. Additionally, you may evaluate how the addition of Itochu Corp to your portfolios can decrease your overall portfolio volatility.