It Tech Packaging Stock Odds of Future Stock Price Finishing Over 15.39
| ITP Stock | USD 0.24 0.02 9.09% |
ITP |
IT Tech Target Price Odds to finish over 15.39
The tendency of ITP 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 move over $ 15.39 or more in 90 days |
| 0.24 | 90 days | 15.39 | close to zero percent |
Based on a normal probability distribution, the odds of IT Tech to move over $ 15.39 or more in 90 days from now is close to zero percent (This IT Tech Packaging probability density function shows the probability of ITP Stock to fall within a particular range of prices over 90 days) . Probability of IT Tech Packaging price to stay between its current price of $ 0.24 and $ 15.39 at the end of the 90-day period is about 66.61 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.39 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, IT Tech will likely underperform. Additionally IT Tech Packaging has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. IT Tech Price Density |
| Price |
Predictive Modules for IT Tech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as IT Tech Packaging. 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 IT Tech'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.
IT Tech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. IT Tech is not an exception. The market had few large corrections towards the IT Tech'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 IT Tech Packaging, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of IT Tech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | 1.39 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.03 |
IT Tech 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 IT Tech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for IT Tech Packaging can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| IT Tech Packaging had very high historical volatility over the last 90 days | |
| IT Tech Packaging has some characteristics of a very speculative penny stock | |
| The company reported the last year's revenue of 86.55 M. Reported Net Loss for the year was (9.95 M) with profit before taxes, overhead, and interest of 4.75 M. | |
| IT Tech Packaging has a poor financial position based on the latest SEC disclosures | |
| Latest headline from businesswire.com: Higo Bank Selects DTCCs ITP Services, Streamlining and Accelerating Post-Trade Processing |
IT Tech 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 ITP Stock often depends not only on the future outlook of the current and potential IT Tech'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. IT Tech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10.1 M | |
| Cash And Short Term Investments | 3.9 M |
IT Tech Technical Analysis
IT Tech's future price can be derived by breaking down and analyzing its technical indicators over time. ITP Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of IT Tech Packaging. In general, you should focus on analyzing ITP Stock price patterns and their correlations with different microeconomic environments and drivers.
IT Tech Predictive Forecast Models
IT Tech's time-series forecasting models is one of many IT Tech'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 IT Tech'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 IT Tech Packaging
Checking the ongoing alerts about IT Tech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for IT Tech Packaging help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| IT Tech Packaging had very high historical volatility over the last 90 days | |
| IT Tech Packaging has some characteristics of a very speculative penny stock | |
| The company reported the last year's revenue of 86.55 M. Reported Net Loss for the year was (9.95 M) with profit before taxes, overhead, and interest of 4.75 M. | |
| IT Tech Packaging has a poor financial position based on the latest SEC disclosures | |
| Latest headline from businesswire.com: Higo Bank Selects DTCCs ITP Services, Streamlining and Accelerating Post-Trade Processing |
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.