ITP Payout Ratio vs Pb Ratio Analysis

ITP Stock

USD 0.24 0.02 9.09%

IT Tech financial indicator trend analysis is infinitely more than just investigating IT Tech Packaging recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IT Tech Packaging is a good investment. Please check the relationship between IT Tech Payout Ratio and its Pb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IT Tech Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Payout Ratio vs Pb Ratio

Payout Ratio vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IT Tech Packaging Payout Ratio account and Pb Ratio. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between IT Tech's Payout Ratio and Pb Ratio is 0.54. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of IT Tech Packaging, assuming nothing else is changed. The correlation between historical values of IT Tech's Payout Ratio and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of IT Tech Packaging are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Payout Ratio i.e., IT Tech's Payout Ratio and Pb Ratio go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Payout Ratio

Payout Ratio is the proportion of IT Tech Packaging earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of IT Tech Packaging dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating IT Tech Packaging is paying out more in dividends than it makes in net income.

Pb Ratio

Most indicators from IT Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IT Tech Packaging current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IT Tech Packaging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, IT Tech's Tax Provision is relatively stable compared to the past year. As of 12/02/2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop slightly above 6.7 M.

	2021	2022	2023	2024 (projected)
Total Revenue	160.9M	100.4M	86.5M	120.2M
Depreciation And Amortization	15.4M	14.8M	14.2M	10.9M

Total Revenue Depreciation And Amortization

IT Tech fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Common Stock	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Inventory	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Long Term Debt
Total Assets		0.97	0.92	0.98	0.0	0.16	0.61	0.21	0.59	0.52	0.73	0.35	0.51	0.2	0.6	0.88	0.41	-0.16	0.28	0.28	0.18	0.15	0.66	0.51	0.61	0.26
Total Stockholder Equity	0.97		0.92	0.93	-0.04	0.24	0.72	0.29	0.4	0.6	0.55	0.44	0.29	0.24	0.4	0.78	0.19	-0.3	0.4	0.4	0.32	0.09	0.61	0.59	0.42	0.1
Retained Earnings	0.92	0.92		0.94	0.14	0.24	0.54	0.06	0.5	0.38	0.6	0.3	0.39	0.14	0.44	0.81	0.32	-0.29	0.22	0.22	0.1	-0.03	0.51	0.3	0.48	0.08
Non Current Assets Total	0.98	0.93	0.94		0.05	0.19	0.54	0.11	0.67	0.42	0.78	0.26	0.58	0.17	0.65	0.93	0.51	-0.12	0.11	0.11	0.06	0.11	0.61	0.32	0.66	0.31
Non Currrent Assets Other	0.0	-0.04	0.14	0.05		0.14	-0.52	-0.87	0.22	-0.78	0.13	0.13	0.24	-0.76	0.09	0.01	0.32	0.23	-0.07	-0.07	-0.64	0.02	-0.26	-0.18	0.21	0.16
Other Assets	0.16	0.24	0.24	0.19	0.14		0.41	-0.06	-0.19	0.04	-0.14	0.39	-0.2	0.0	-0.15	0.11	-0.18	-0.17	0.05	0.05	0.08	-0.41	-0.55	-0.06	-0.12	-0.16
Common Stock Total Equity	0.61	0.72	0.54	0.54	-0.52	0.41		0.71	-0.11	0.83	0.07	0.31	-0.2	0.59	0.03	0.38	-0.25	-0.41	0.36	0.36	0.73	-0.2	0.39	0.52	-0.06	-0.16
Common Stock Shares Outstanding	0.21	0.29	0.06	0.11	-0.87	-0.06	0.71		-0.23	0.92	-0.11	0.01	-0.27	0.71	-0.11	-0.02	-0.39	-0.33	0.32	0.32	0.88	-0.14	0.42	0.51	-0.19	-0.19
Non Current Liabilities Total	0.59	0.4	0.5	0.67	0.22	-0.19	-0.11	-0.23		-0.05	0.93	-0.09	0.94	-0.13	0.82	0.77	0.92	0.24	-0.37	-0.37	-0.42	0.29	0.49	-0.08	0.87	0.65
Other Stockholder Equity	0.52	0.6	0.38	0.42	-0.78	0.04	0.83	0.92	-0.05		0.1	0.22	-0.14	0.73	0.05	0.3	-0.28	-0.39	0.42	0.42	0.81	-0.02	0.52	0.62	-0.03	-0.12
Total Liab	0.73	0.55	0.6	0.78	0.13	-0.14	0.07	-0.11	0.93	0.1		-0.01	0.94	0.02	0.95	0.87	0.88	0.28	-0.16	-0.16	-0.26	0.25	0.58	0.09	0.95	0.62
Common Stock	0.35	0.44	0.3	0.26	0.13	0.39	0.31	0.01	-0.09	0.22	-0.01		-0.09	-0.01	0.0	0.27	-0.14	-0.13	0.42	0.42	0.1	-0.06	0.01	0.56	0.01	-0.13
Short Long Term Debt Total	0.51	0.29	0.39	0.58	0.24	-0.2	-0.2	-0.27	0.94	-0.14	0.94	-0.09		-0.21	0.93	0.72	0.97	0.45	-0.32	-0.32	-0.45	0.23	0.44	-0.09	0.97	0.61
Other Current Liab	0.2	0.24	0.14	0.17	-0.76	0.0	0.59	0.71	-0.13	0.73	0.02	-0.01	-0.21		0.04	0.14	-0.3	-0.35	0.13	0.13	0.66	-0.29	0.26	0.19	-0.17	-0.01
Total Current Liabilities	0.6	0.4	0.44	0.65	0.09	-0.15	0.03	-0.11	0.82	0.05	0.95	0.0	0.93	0.04		0.77	0.87	0.43	-0.15	-0.15	-0.25	0.16	0.52	0.07	0.96	0.6
Property Plant And Equipment Net	0.88	0.78	0.81	0.93	0.01	0.11	0.38	-0.02	0.77	0.3	0.87	0.27	0.72	0.14	0.77		0.67	0.04	-0.08	-0.08	-0.17	0.22	0.55	0.16	0.76	0.4
Net Debt	0.41	0.19	0.32	0.51	0.32	-0.18	-0.25	-0.39	0.92	-0.28	0.88	-0.14	0.97	-0.3	0.87	0.67		0.48	-0.5	-0.5	-0.58	0.19	0.37	-0.24	0.91	0.62
Accounts Payable	-0.16	-0.3	-0.29	-0.12	0.23	-0.17	-0.41	-0.33	0.24	-0.39	0.28	-0.13	0.45	-0.35	0.43	0.04	0.48		-0.28	-0.28	-0.38	0.0	-0.06	-0.23	0.45	0.59
Cash	0.28	0.4	0.22	0.11	-0.07	0.05	0.36	0.32	-0.37	0.42	-0.16	0.42	-0.32	0.13	-0.15	-0.08	-0.5	-0.28		1.0	0.58	0.15	0.15	0.81	-0.14	-0.27
Cash And Short Term Investments	0.28	0.4	0.22	0.11	-0.07	0.05	0.36	0.32	-0.37	0.42	-0.16	0.42	-0.32	0.13	-0.15	-0.08	-0.5	-0.28	1.0		0.58	0.15	0.15	0.81	-0.14	-0.27
Net Receivables	0.18	0.32	0.1	0.06	-0.64	0.08	0.73	0.88	-0.42	0.81	-0.26	0.1	-0.45	0.66	-0.25	-0.17	-0.58	-0.38	0.58	0.58		-0.32	0.28	0.61	-0.34	-0.23
Inventory	0.15	0.09	-0.03	0.11	0.02	-0.41	-0.2	-0.14	0.29	-0.02	0.25	-0.06	0.23	-0.29	0.16	0.22	0.19	0.0	0.15	0.15	-0.32		0.27	0.23	0.21	0.14
Property Plant And Equipment Gross	0.66	0.61	0.51	0.61	-0.26	-0.55	0.39	0.42	0.49	0.52	0.58	0.01	0.44	0.26	0.52	0.55	0.37	-0.06	0.15	0.15	0.28	0.27		0.5	0.47	0.24
Total Current Assets	0.51	0.59	0.3	0.32	-0.18	-0.06	0.52	0.51	-0.08	0.62	0.09	0.56	-0.09	0.19	0.07	0.16	-0.24	-0.23	0.81	0.81	0.61	0.23	0.5		0.06	-0.06
Short Term Debt	0.61	0.42	0.48	0.66	0.21	-0.12	-0.06	-0.19	0.87	-0.03	0.95	0.01	0.97	-0.17	0.96	0.76	0.91	0.45	-0.14	-0.14	-0.34	0.21	0.47	0.06		0.57
Long Term Debt	0.26	0.1	0.08	0.31	0.16	-0.16	-0.16	-0.19	0.65	-0.12	0.62	-0.13	0.61	-0.01	0.6	0.4	0.62	0.59	-0.27	-0.27	-0.23	0.14	0.24	-0.06	0.57

Click cells to compare fundamentals

IT Tech Account Relationship Matchups

IT Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	190.2M	199.9M	241.5M	204.4M	194.7M	172.1M
Total Stockholder Equity	166.0M	175.1M	215.7M	181.3M	168.3M	141.7M
Retained Earnings	114.8M	109.2M	110.1M	93.6M	83.6M	82.9M
Non Current Assets Total	166.2M	185.0M	186.0M	157.3M	166.4M	147.8M
Non Currrent Assets Other	2.6M	2.6M	(12.8M)	(17.1M)	(79.6M)	(75.6M)
Other Assets	14.5M	163.8M	57.1M	1.0M	1.2M	1.1M
Common Stock Shares Outstanding	2.2M	2.6M	6.0M	10.0M	10.1M	10.6M
Liabilities And Stockholders Equity	190.2M	199.9M	241.5M	204.4M	194.7M	172.1M
Non Current Liabilities Total	7.4M	6.5M	5.4M	5.5M	5.0M	9.7M
Other Stockholder Equity	51.2M	54.0M	88.9M	89.2M	102.5M	107.7M
Total Liab	24.2M	24.8M	25.8M	23.1M	26.4M	30.4M
Common Stock	22.7K	28.5K	99.1K	10.1K	11.6K	11.0K
Short Long Term Debt Total	15.1M	16.6M	16.1M	15.4M	12.4M	24.3M
Other Current Liab	8.7M	6.1M	7.4M	7.0M	13.8M	14.5M
Total Current Liabilities	16.8M	18.3M	20.4M	17.6M	21.4M	21.9M
Property Plant And Equipment Net	141.4M	156.2M	172.3M	97.5M	164.5M	141.5M
Net Debt	9.3M	12.4M	4.9M	5.9M	8.5M	8.0M
Accounts Payable	250.5K	592.4K	10.3K	5.0K	5.0K	4.7K
Cash	5.8M	4.1M	11.2M	9.5M	3.9M	6.0M
Cash And Short Term Investments	5.8M	4.1M	11.2M	9.5M	3.9M	6.0M
Net Receivables	10.6M	8.3M	12.7M	21.2M	14.8M	15.6M
Inventory	1.6M	1.2M	5.8M	2.9M	9.0M	4.9M
Property Plant And Equipment Gross	151.6M	21.1M	172.3M	232.4M	227.4M	148.9M
Total Current Assets	24.0M	14.9M	55.5M	47.2M	28.4M	25.7M
Accumulated Other Comprehensive Income	23.0K	11.8M	16.6M	(1.4M)	(4.5M)	(4.3M)
Short Term Debt	7.8M	11.6M	13.0M	10.7M	7.5M	14.6M
Long Term Debt	7.4M	4.6M	3.0M	4.2M	4.5M	5.0M
Other Current Assets	552.0K	1.2M	885.0K	584.5K	598.0K	619.1K
Property Plant Equipment	151.6M	147.5M	128.9M	154.2M	177.3M	149.9M
Intangible Assets	11.7M	12.5M	12.8M	57.7M	81.5M	85.6M
Net Tangible Assets	166.0M	175.1M	215.7M	181.3M	208.5M	188.4M
Retained Earnings Total Equity	123.1M	112.6M	114.8M	109.2M	125.6M	92.2M
Long Term Debt Total	7.4M	5.0M	3.1M	4.8M	4.3M	4.4M
Capital Surpluse	51.2M	54.0M	88.9M	89.2M	102.5M	62.6M
Non Current Liabilities Other	10.7M	2.2M	7.4M	5.0M	4.5M	5.9M

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

0.42	MKDTY	Molecular Data	Pair Corr
0.36	WS	Worthington Steel	Pair Corr

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.

Pair Correlation Correlation Matching

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC