Innovative Technology (Vietnam) Performance
| ITD Stock | 12,650 150.00 1.17% |
Innovative Technology has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovative Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovative Technology is expected to be smaller as well. Innovative Technology right now retains a risk of 1.91%. Please check out Innovative Technology sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Innovative Technology will be following its current trending patterns.
Risk-Adjusted Performance
2 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Innovative Technology Development are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy fundamental indicators, Innovative Technology is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Innovative |
Innovative Technology Relative Risk vs. Return Landscape
If you would invest 1,225,000 in Innovative Technology Development on August 28, 2024 and sell it today you would earn a total of 40,000 from holding Innovative Technology Development or generate 3.27% return on investment over 90 days. Innovative Technology Development is generating 0.0698% of daily returns assuming 1.9083% volatility of returns over the 90 days investment horizon. Simply put, 16% of all stocks have less volatile historical return distribution than Innovative Technology, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Innovative Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovative Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Innovative Technology Development, and traders can use it to determine the average amount a Innovative Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0366
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Estimated Market Risk
| 1.91 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Innovative Technology is performing at about 2% of its full potential. 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 Innovative Technology by adding it to a well-diversified portfolio.
About Innovative Technology Performance
By examining Innovative Technology's fundamental ratios, stakeholders can obtain critical insights into Innovative Technology's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Innovative Technology is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Things to note about Innovative Technology performance evaluation
Checking the ongoing alerts about Innovative Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Innovative Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Innovative Technology's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Innovative Technology's stock performance include:- Analyzing Innovative Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Innovative Technology's stock is overvalued or undervalued compared to its peers.
- Examining Innovative Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Innovative Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Innovative Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Innovative Technology's stock. These opinions can provide insight into Innovative Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Innovative Stock
Innovative Technology financial ratios help investors to determine whether Innovative Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Innovative with respect to the benefits of owning Innovative Technology security.