Itt Inc Stock Chance of Future Stock Price Finishing Over 140.2

ITT Stock  USD 129.81  0.19  0.15%   
ITT's implied volatility is one of the determining factors in the pricing options written on ITT Inc. Implied volatility approximates the future value of ITT based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in ITT Inc over a specific time period. For example, 2024-06-21 CALL at $130.0 is a CALL option contract on ITT's common stock with a strick price of 130.0 expiring on 2024-06-21. The contract was last traded on 2024-06-12 at 13:33:03 for $2.35 and, as of today, has 8 days remaining before the expiration. The option is currently trading at a bid price of $1.0, and an ask price of $1.8. The implied volatility as of the 13th of June 2024 is 20.08. View All ITT options

Closest to current price ITT long CALL Option Payoff at Expiration

ITT's future price is the expected price of ITT instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of ITT Inc performance during a given time horizon utilizing its historical volatility. Check out ITT Backtesting, ITT Valuation, ITT Correlation, ITT Hype Analysis, ITT Volatility, ITT History as well as ITT Performance.
  
Price To Sales Ratio is likely to gain to 3.14 in 2024. Price Earnings Ratio is likely to gain to 25.12 in 2024. Please specify ITT's target price for which you would like ITT odds to be computed.

ITT Target Price Odds to finish over 140.2

The tendency of ITT Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over $ 140.20  or more in 90 days
 129.81 90 days 140.20 
roughly 2.2
Based on a normal probability distribution, the odds of ITT to move over $ 140.20  or more in 90 days from now is roughly 2.2 (This ITT Inc probability density function shows the probability of ITT Stock to fall within a particular range of prices over 90 days) . Probability of ITT Inc price to stay between its current price of $ 129.81  and $ 140.20  at the end of the 90-day period is about 64.04 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.45 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ITT will likely underperform. Additionally ITT Inc has an alpha of 0.0373, implying that it can generate a 0.0373 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   ITT Price Density   
       Price  

Predictive Modules for ITT

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ITT Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
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.
Hype
Prediction
LowEstimatedHigh
128.53130.05131.57
Details
Intrinsic
Valuation
LowRealHigh
129.54131.06132.58
Details
Naive
Forecast
LowNextHigh
130.17131.69133.21
Details
11 Analysts
Consensus
LowTargetHigh
102.83113.00125.43
Details

ITT Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. ITT is not an exception. The market had few large corrections towards the ITT's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ITT Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ITT within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.04
β
Beta against NYSE Composite1.45
σ
Overall volatility
4.27
Ir
Information ratio 0.03

ITT Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ITT for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ITT Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 99.0% of the company shares are owned by institutional investors
Latest headline from zacks.com: Reasons Why ITT Stock Deserves to Be in Your Portfolio Now

ITT Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ITT Stock often depends not only on the future outlook of the current and potential ITT's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ITT's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding82.7 M
Cash And Short Term Investments489.2 M

ITT Technical Analysis

ITT's future price can be derived by breaking down and analyzing its technical indicators over time. ITT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ITT Inc. In general, you should focus on analyzing ITT Stock price patterns and their correlations with different microeconomic environments and drivers.

ITT Predictive Forecast Models

ITT's time-series forecasting models is one of many ITT's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ITT's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about ITT Inc

Checking the ongoing alerts about ITT for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ITT Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 99.0% of the company shares are owned by institutional investors
Latest headline from zacks.com: Reasons Why ITT Stock Deserves to Be in Your Portfolio Now

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.