International Tower Hill Stock Market Value
| THM Stock | USD 0.46 0.01 2.22% |
| Symbol | International |
International Tower Hill Price To Book Ratio
Is Metals & Mining 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 International Tower. If investors know International 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 International Tower listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Return On Assets (0.04) | Return On Equity (0.06) |
The market value of International Tower Hill is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International Tower's value that differs from its market value or its book value, called intrinsic value, which is International Tower'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 International Tower's market value can be influenced by many factors that don't directly affect International Tower'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 International Tower's value and its price as these two are different measures arrived at by different means. Investors typically determine if International Tower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International Tower'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.
International Tower '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 International Tower'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 International Tower.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in International Tower on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding International Tower Hill or generate 0.0% return on investment in International Tower over 30 days. International Tower is related to or competes with Vista Gold, Golden Minerals, Paramount Gold, and Tanzanian Royalty. International Tower Hill Mines Ltd., a mineral exploration company, engages in the acquisition, exploration, and develop... More
International Tower 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 International Tower'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 International Tower Hill upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 26.29 | |||
| Value At Risk | (8.77) | |||
| Potential Upside | 8.0 |
International Tower Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Tower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Tower's standard deviation. In reality, there are many statistical measures that can use International Tower historical prices to predict the future International Tower's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (0.07) |
International Tower Hill Backtested Returns
International Tower Hill holds Efficiency (Sharpe) Ratio of -0.0057, which attests that the entity had a -0.0057% return per unit of risk over the last 3 months. International Tower Hill exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out International Tower's insignificant Risk Adjusted Performance, standard deviation of 5.08, and Market Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.42, 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, International Tower will likely underperform. At this point, International Tower Hill has a negative expected return of -0.0295%. Please make sure to check out International Tower's maximum drawdown, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if International Tower Hill performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
International Tower Hill has almost perfect reverse predictability. Overlapping area represents the amount of predictability between International Tower time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 International Tower Hill price movement. The serial correlation of -0.76 indicates that around 76.0% of current International Tower price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
International Tower Hill lagged returns against current returns
Autocorrelation, which is International Tower 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 International Tower's stock expected returns. We can calculate the autocorrelation of International Tower returns to help us make a trade decision. For example, suppose you find that International Tower 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 |
International Tower 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 International Tower stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Tower stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Tower stock over time.
Current vs Lagged Prices |
| Timeline |
International Tower Lagged Returns
When evaluating International Tower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Tower stock have on its future price. International Tower 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, International Tower autocorrelation shows the relationship between International Tower stock current value and its past values and can show if there is a momentum factor associated with investing in International Tower Hill.
Regressed Prices |
| Timeline |
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International Tower technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.