Itau CorpBanca ADR Probability of Future Stock Price Finishing Over 2.84
| ITCBDelisted Stock | USD 3.42 0.03 0.87% |
Itau |
Itau CorpBanca Target Price Odds to finish over 2.84
The tendency of Itau Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 2.84 in 90 days |
| 3.42 | 90 days | 2.84 | close to 99 |
Based on a normal probability distribution, the odds of Itau CorpBanca to stay above $ 2.84 in 90 days from now is close to 99 (This Itau CorpBanca ADR probability density function shows the probability of Itau Stock to fall within a particular range of prices over 90 days) . Probability of Itau CorpBanca ADR price to stay between $ 2.84 and its current price of $3.42 at the end of the 90-day period is about 86.34 .
Given the investment horizon of 90 days Itau CorpBanca ADR has a beta of -0.61. This usually indicates as returns on the benchmark increase, returns on holding Itau CorpBanca are expected to decrease at a much lower rate. During a bear market, however, Itau CorpBanca ADR is likely to outperform the market. Additionally Itau CorpBanca ADR has an alpha of 0.1909, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Itau CorpBanca Price Density |
| Price |
Predictive Modules for Itau CorpBanca
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Itau CorpBanca ADR. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Itau CorpBanca'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.
Itau CorpBanca Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Itau CorpBanca is not an exception. The market had few large corrections towards the Itau CorpBanca's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Itau CorpBanca ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Itau CorpBanca within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | -0.61 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | 0 |
Itau CorpBanca Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Itau CorpBanca for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Itau CorpBanca ADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Itau CorpBanca ADR is not yet fully synchronised with the market data | |
| Itau CorpBanca ADR has a very high chance of going through financial distress in the upcoming years | |
| Itau CorpBanca ADR currently holds about 4.86 B in cash with (1.19 T) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 14.22, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Itau CorpBanca Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Itau Stock often depends not only on the future outlook of the current and potential Itau CorpBanca's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Itau CorpBanca's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.9 M | |
| Cash And Short Term Investments | 7.6 T |
Itau CorpBanca Technical Analysis
Itau CorpBanca's future price can be derived by breaking down and analyzing its technical indicators over time. Itau Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Itau CorpBanca ADR. In general, you should focus on analyzing Itau Stock price patterns and their correlations with different microeconomic environments and drivers.
Itau CorpBanca Predictive Forecast Models
Itau CorpBanca's time-series forecasting models is one of many Itau CorpBanca's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Itau CorpBanca's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Itau CorpBanca ADR
Checking the ongoing alerts about Itau CorpBanca for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Itau CorpBanca ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Itau CorpBanca ADR is not yet fully synchronised with the market data | |
| Itau CorpBanca ADR has a very high chance of going through financial distress in the upcoming years | |
| Itau CorpBanca ADR currently holds about 4.86 B in cash with (1.19 T) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 14.22, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Consideration for investing in Itau Stock
If you are still planning to invest in Itau CorpBanca ADR check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Itau CorpBanca's history and understand the potential risks before investing.
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