ITP Operating Income from 2010 to 2025
ITP Stock | USD 0.42 0.03 6.67% |
Operating Income | First Reported 2006-03-31 | Previous Quarter 547.8 K | Current Value -1.5 M | Quarterly Volatility 26.3 M |
Check IT Tech financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among IT Tech's main balance sheet or income statement drivers, such as Interest Expense of 1.2 M, Selling General Administrative of 6.7 M or Other Operating Expenses of 103.8 M, as well as many indicators such as Price To Sales Ratio of 0.0394, Dividend Yield of 0.0072 or PTB Ratio of 0.0202. ITP financial statements analysis is a perfect complement when working with IT Tech Valuation or Volatility modules.
ITP | Operating Income |
Latest IT Tech's Operating Income Growth Pattern
Below is the plot of the Operating Income of IT Tech Packaging over the last few years. Operating Income is the amount of profit realized from IT Tech Packaging operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of IT Tech Packaging is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. IT Tech's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in IT Tech's overall financial position and show how it may be relating to other accounts over time.
Operating Income | 10 Years Trend |
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Operating Income |
Timeline |
ITP Operating Income Regression Statistics
Arithmetic Mean | 5,030,660 | |
Geometric Mean | 5,774,621 | |
Coefficient Of Variation | 259.24 | |
Mean Deviation | 11,038,867 | |
Median | 3,897,799 | |
Standard Deviation | 13,041,641 | |
Sample Variance | 170.1T | |
Range | 41.3M | |
R-Value | (0.78) | |
Mean Square Error | 71.6T | |
R-Squared | 0.61 | |
Significance | 0.0004 | |
Slope | (2,134,256) | |
Total Sum of Squares | 2551.3T |
ITP Operating Income History
Other Fundumenentals of IT Tech Packaging
IT Tech Operating Income component correlations
Click cells to compare fundamentals
About IT Tech Financial Statements
IT Tech shareholders use historical fundamental indicators, such as Operating Income, to determine how well the company is positioned to perform in the future. Although IT Tech investors may analyze each financial statement separately, they are all interrelated. The changes in IT Tech's assets and liabilities, for example, are also reflected in the revenues and expenses on on IT Tech's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last Reported | Projected for Next Year | ||
Operating Income | -8.6 M | -8.2 M | |
Non Operating Income Net Other | -156.2 K | -148.4 K |
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
0.72 | WS | Worthington Steel | PairCorr |
0.69 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
0.6 | AA | Alcoa Corp | PairCorr |
0.58 | SLVM | Sylvamo Corp | PairCorr |
0.56 | MT | ArcelorMittal SA ADR Earnings Call Next Week | PairCorr |
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.