Illinois Tool Works Stock Market Value
| ITW Stock | USD 273.95 4.10 1.52% |
| Symbol | Illinois |
Illinois Tool Works 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 Illinois Tool. If investors know Illinois 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 Illinois Tool 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 0.533 | Dividend Share 5.7 | Earnings Share 11.56 | Revenue Per Share 53.475 | Quarterly Revenue Growth (0.02) |
The market value of Illinois Tool Works is measured differently than its book value, which is the value of Illinois that is recorded on the company's balance sheet. Investors also form their own opinion of Illinois Tool's value that differs from its market value or its book value, called intrinsic value, which is Illinois Tool'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 Illinois Tool's market value can be influenced by many factors that don't directly affect Illinois Tool'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 Illinois Tool's value and its price as these two are different measures arrived at by different means. Investors typically determine if Illinois Tool is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Illinois Tool'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.
Illinois Tool '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 Illinois Tool'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 Illinois Tool.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Illinois Tool on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Illinois Tool Works or generate 0.0% return on investment in Illinois Tool over 720 days. Illinois Tool is related to or competes with Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, Jpmorgan Smartretirement*, and 70082LAB3. Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide More
Illinois Tool 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 Illinois Tool'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 Illinois Tool Works upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7871 | |||
| Information Ratio | 0.0463 | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.53 |
Illinois Tool Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Illinois Tool's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Illinois Tool's standard deviation. In reality, there are many statistical measures that can use Illinois Tool historical prices to predict the future Illinois Tool's volatility.| Risk Adjusted Performance | 0.1365 | |||
| Jensen Alpha | 0.0599 | |||
| Total Risk Alpha | 0.0075 | |||
| Sortino Ratio | 0.0599 | |||
| Treynor Ratio | 0.1878 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Illinois Tool'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.
Illinois Tool Works Backtested Returns
At this stage we consider Illinois Stock to be very steady. Illinois Tool Works holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Illinois Tool Works, which you can use to evaluate the volatility of the firm. Please check out Illinois Tool's Downside Deviation of 0.7871, risk adjusted performance of 0.1365, and Market Risk Adjusted Performance of 0.1978 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Illinois Tool has a performance score of 12 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. Illinois Tool returns are very sensitive to returns on the market. As the market goes up or down, Illinois Tool is expected to follow. Illinois Tool Works right now retains a risk of 1.03%. Please check out Illinois Tool maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Illinois Tool will be following its current trending patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
Illinois Tool Works has weak reverse predictability. Overlapping area represents the amount of predictability between Illinois Tool time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Illinois Tool Works price movement. The serial correlation of -0.21 indicates that over 21.0% of current Illinois Tool price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 98.28 |
Illinois Tool Works lagged returns against current returns
Autocorrelation, which is Illinois Tool 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 Illinois Tool's stock expected returns. We can calculate the autocorrelation of Illinois Tool returns to help us make a trade decision. For example, suppose you find that Illinois Tool 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 |
Illinois Tool 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 Illinois Tool stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Illinois Tool stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Illinois Tool stock over time.
Current vs Lagged Prices |
| Timeline |
Illinois Tool Lagged Returns
When evaluating Illinois Tool's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Illinois Tool stock have on its future price. Illinois Tool 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, Illinois Tool autocorrelation shows the relationship between Illinois Tool stock current value and its past values and can show if there is a momentum factor associated with investing in Illinois Tool Works.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Illinois Stock Analysis
When running Illinois Tool's price analysis, check to measure Illinois Tool'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 Illinois Tool is operating at the current time. Most of Illinois Tool's value examination focuses on studying past and present price action to predict the probability of Illinois Tool's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Illinois Tool's price. Additionally, you may evaluate how the addition of Illinois Tool to your portfolios can decrease your overall portfolio volatility.