ITT Return On Assets from 2010 to 2024
| ITT Stock | USD 132.88 1.44 1.10% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.10438387 | Current Value 0.0761 | Quarterly Volatility 0.04362632 |
Check ITT financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ITT main balance sheet or income statement drivers, such as Depreciation And Amortization of 158.4 M, Interest Expense of 9.9 M or Total Revenue of 4.7 B, as well as many exotic indicators such as Price To Sales Ratio of 3.14, Dividend Yield of 0.0093 or PTB Ratio of 4.08. ITT financial statements analysis is a perfect complement when working with ITT Valuation or Volatility modules.
ITT | Return On Assets |
Latest ITT's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of ITT Inc over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. ITT's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ITT's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
|
Return On Assets |
| Timeline |
ITT Return On Assets Regression Statistics
| Arithmetic Mean | 0.06 | |
| Coefficient Of Variation | 71.20 | |
| Mean Deviation | 0.04 | |
| Median | 0.08 | |
| Standard Deviation | 0.04 | |
| Sample Variance | 0 | |
| Range | 0.166 | |
| R-Value | 0.49 | |
| Mean Square Error | 0 | |
| R-Squared | 0.24 | |
| Significance | 0.06 | |
| Slope | 0 | |
| Total Sum of Squares | 0.03 |
ITT Return On Assets History
About ITT Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ITT income statement, its balance sheet, and the statement of cash flows. ITT investors use historical funamental indicators, such as ITT's Return On Assets, to determine how well the company is positioned to perform in the future. Although ITT investors may use each financial statement separately, they are all related. The changes in ITT's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ITT's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ITT Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ITT. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Assets | 0.10 | 0.08 |
Pair Trading with ITT
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 ITT 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 ITT will appreciate offsetting losses from the drop in the long position's value.Moving together with ITT Stock
| 0.72 | B | Barnes Group | PairCorr |
| 0.73 | CR | Crane Company | PairCorr |
The ability to find closely correlated positions to ITT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ITT 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 ITT - 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 ITT Inc to buy it.
The correlation of ITT 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 ITT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ITT Inc 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 ITT 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.Check out the analysis of ITT Correlation against competitors. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary 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.
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Is ITT's industry 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 0.117 | Dividend Share 1.189 | Earnings Share 5.12 | Revenue Per Share 41.31 | Quarterly Revenue Growth 0.141 |
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.