Itt Inc Stock Market Value
| ITT Stock | USD 158.38 2.92 1.88% |
| Symbol | ITT |
ITT Inc Price To Book Ratio
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ITT. If investors know ITT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ITT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.461 | Dividend Share 1.247 | Earnings Share 5.86 | Revenue Per Share 43.098 | Quarterly Revenue Growth 0.077 |
The market value of ITT Inc is measured differently than its book value, which is the value of ITT that is recorded on the company's balance sheet. Investors also form their own opinion of ITT's value that differs from its market value or its book value, called intrinsic value, which is ITT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ITT's market value can be influenced by many factors that don't directly affect ITT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ITT's value and its price as these two are different measures arrived at by different means. Investors typically determine if ITT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ITT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ITT 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ITT's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ITT.
| 12/01/2023 |
| 11/25/2024 |
If you would invest 0.00 in ITT on December 1, 2023 and sell it all today you would earn a total of 0.00 from holding ITT Inc or generate 0.0% return on investment in ITT over 360 days. ITT is related to or competes with Xylem, IDEX, Watts Water, Flowserve, and Ingersoll Rand. ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportatio... More
ITT Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ITT's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ITT Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0795 | |||
| Maximum Drawdown | 9.06 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.61 |
ITT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ITT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ITT's standard deviation. In reality, there are many statistical measures that can use ITT historical prices to predict the future ITT's volatility.| Risk Adjusted Performance | 0.1281 | |||
| Jensen Alpha | 0.0546 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0931 | |||
| Treynor Ratio | 0.1546 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ITT'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.
ITT Inc Backtested Returns
ITT appears to be very steady, given 3 months investment horizon. ITT Inc holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of volatility over the last 3 months. We have found thirty technical indicators for ITT Inc, which you can use to evaluate the volatility of the firm. Please utilize ITT's risk adjusted performance of 0.1281, and Market Risk Adjusted Performance of 0.1646 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ITT holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 1.62, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ITT will likely underperform. Please check ITT's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether ITT's current trending patterns will revert.
Auto-correlation | 0.77 |
Good predictability
ITT Inc has good predictability. Overlapping area represents the amount of predictability between ITT time series from 1st of December 2023 to 29th of May 2024 and 29th of May 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ITT Inc price movement. The serial correlation of 0.77 indicates that around 77.0% of current ITT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 78.1 |
ITT Inc lagged returns against current returns
Autocorrelation, which is ITT stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ITT's stock expected returns. We can calculate the autocorrelation of ITT returns to help us make a trade decision. For example, suppose you find that ITT has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ITT regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ITT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ITT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ITT stock over time.
Current vs Lagged Prices |
| Timeline |
ITT Lagged Returns
When evaluating ITT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ITT stock have on its future price. ITT autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ITT autocorrelation shows the relationship between ITT stock current value and its past values and can show if there is a momentum factor associated with investing in ITT Inc.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ITT Stock Analysis
When running ITT's price analysis, check to measure ITT'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 ITT is operating at the current time. Most of ITT's value examination focuses on studying past and present price action to predict the probability of ITT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITT's price. Additionally, you may evaluate how the addition of ITT to your portfolios can decrease your overall portfolio volatility.