Itech Minerals (Australia) Price on December 12, 2024
| ITM Stock | 0.05 0 1.89% |
If you're considering investing in Itech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Itech Minerals stands at 0.05, as last reported on the 13th of December 2024, with the highest price reaching 0.05 and the lowest price hitting 0.05 during the day. Itech Minerals holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Itech Minerals exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Itech Minerals' Risk Adjusted Performance of (0.07), standard deviation of 3.53, and Market Risk Adjusted Performance of (0.68) to validate the risk estimate we provide.
Total Stockholder Equity is likely to drop to about 15.9 M in 2024. Common Stock Shares Outstanding is likely to drop to about 117.1 M in 2024. Itech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Itech |
Sharpe Ratio = -0.1057
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Estimated Market Risk
| 3.58 actual daily | 31 69% of assets are more volatile |
Expected Return
| -0.38 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Itech Minerals is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Itech Minerals by adding Itech Minerals to a well-diversified portfolio.
Price Book 0.4396 | Book Value 0.165 | Enterprise Value 7.3 M | Enterprise Value Ebitda (25.61) | Price Sales 260.0845 |
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Itech Minerals Valuation on December 12, 2024
It is possible to determine the worth of Itech Minerals on a given historical date. On December 12, 2024 Itech was worth 0.053 at the beginning of the trading date compared to the closed value of 0.052. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Itech Minerals stock. Still, in general, we apply an absolute valuation method to find Itech Minerals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Itech Minerals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Itech Minerals' related companies.
| Open | High | Low | Close | Volume | |
| 0.05 | 0.06 | 0.05 | 0.05 | 127,201 | |
12/12/2024 | 0.05 | 0.05 | 0.05 | 0.05 | 208,112 |
| Backtest Itech Minerals | | | Itech Minerals History | | | Itech Minerals Valuation | Previous |
Itech Minerals Trading Date Momentum on December 12, 2024
| On December 12 2024 Itech Minerals was traded for 0.05 at the closing time. The maximum traded price for the trading interval was 0.05 and the lowest daily price was 0.05 . The daily volume was recorded at 208.1 K. The volume of trading on 12th of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 1.92% . |
Itech Minerals Fundamentals Correlations and Trends
By evaluating Itech Minerals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Itech Minerals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Itech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Itech Minerals Stock history
Itech Minerals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Itech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Itech Minerals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Itech Minerals stock prices may prove useful in developing a viable investing in Itech Minerals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 122.2 M | 117.1 M | |
| Net Loss | -819.9 K | -860.9 K |
Itech Minerals Stock Technical Analysis
Itech Minerals 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.
Price Boundaries
Itech Minerals Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Itech Minerals cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Itech Minerals December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Itech Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Itech Minerals shares will generate the highest return on investment. By undertsting and applying Itech Minerals stock market strength indicators, traders can identify Itech Minerals entry and exit signals to maximize returns
Itech Minerals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Itech Minerals' price direction in advance. Along with the technical and fundamental analysis of Itech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Itech to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | (0.69) |
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Additional Tools for Itech Stock Analysis
When running Itech Minerals' price analysis, check to measure Itech Minerals' 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 Itech Minerals is operating at the current time. Most of Itech Minerals' value examination focuses on studying past and present price action to predict the probability of Itech Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itech Minerals' price. Additionally, you may evaluate how the addition of Itech Minerals to your portfolios can decrease your overall portfolio volatility.