Itoco Inc Stock Market Value

ITMC Stock  USD 0.01  0  29.41%   
Itoco's market value is the price at which a share of Itoco stock trades on a public exchange. It measures the collective expectations of Itoco Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Itoco Inc and determine expected loss or profit from investing in Itoco over a given investment horizon.
Check out Itoco Correlation, Itoco Volatility and Itoco Alpha and Beta module to complement your research on Itoco.
Symbol

Please note, there is a significant difference between Itoco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Itoco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Itoco'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.

Itoco '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 Itoco's pink sheet 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 Itoco.
0.00
03/29/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/18/2024
0.00
If you would invest  0.00  in Itoco on March 29, 2022 and sell it all today you would earn a total of 0.00 from holding Itoco Inc or generate 0.0% return on investment in Itoco over 720 days. Itoco is related to or competes with Pearson PLC, Moderna, Vertex Pharmaceuticals, Novo Nordisk, and Regeneron Pharmaceuticals. Itoco Inc. engages in the processing, production, and distribution of medical cannabis products More

Itoco 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 Itoco's pink sheet 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 Itoco Inc upside and downside potential and time the market with a certain degree of confidence.

Itoco Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Itoco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Itoco's standard deviation. In reality, there are many statistical measures that can use Itoco historical prices to predict the future Itoco's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Itoco'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. Please use the tools below to analyze the current value of Itoco in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.000.0135.93
Details
Intrinsic
Valuation
LowRealHigh
0.000.0135.93
Details
Naive
Forecast
LowNextHigh
0.00010.0135.93
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
00.010.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Itoco. Your research has to be compared to or analyzed against Itoco's peers to derive any actionable benefits. When done correctly, Itoco's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Itoco Inc.

Itoco Inc Backtested Returns

Itoco is out of control given 3 months investment horizon. Itoco Inc holds Efficiency (Sharpe) Ratio of 0.0869, which attests that the entity had 0.0869% return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use Itoco Inc market data together with company specific technical indicators. We have collected data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 3.12% are justified by taking the suggested risk. Use Itoco Inc Market Risk Adjusted Performance of 0.6184, downside deviation of 36.51, and Risk Adjusted Performance of 0.0876 to evaluate company specific risk that cannot be diversified away. Itoco holds a performance score of 6 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 9.14, 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, Itoco will likely underperform. To evaluate if Itoco Inc expected return of 3.12 will be sustainable into the future, we have found twenty-seven different technical indicators, which can help you to check if the expected returns are sustainable. Use Itoco Inc treynor ratio and the relationship between the downside variance and day typical price to analyze future returns on Itoco Inc.

Auto-correlation

    
  0.58  

Modest predictability

Itoco Inc has modest predictability. Overlapping area represents the amount of predictability between Itoco time series from 29th of March 2022 to 24th of March 2023 and 24th of March 2023 to 18th of March 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 Itoco Inc price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Itoco price fluctuation can be explain by its past prices.
Correlation Coefficient0.58
Spearman Rank Test0.65
Residual Average0.0
Price Variance0.0

Itoco Inc lagged returns against current returns

Autocorrelation, which is Itoco pink sheet'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 Itoco's pink sheet expected returns. We can calculate the autocorrelation of Itoco returns to help us make a trade decision. For example, suppose you find that Itoco pink sheet 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Itoco 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 Itoco pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Itoco pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Itoco pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

Itoco Lagged Returns

When evaluating Itoco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Itoco pink sheet have on its future price. Itoco 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, Itoco autocorrelation shows the relationship between Itoco pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Itoco Inc.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Itoco in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Itoco's short interest history, or implied volatility extrapolated from Itoco options trading.

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Check out Itoco Correlation, Itoco Volatility and Itoco Alpha and Beta module to complement your research on Itoco.
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Complementary Tools for Itoco Pink Sheet analysis

When running Itoco's price analysis, check to measure Itoco'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 Itoco is operating at the current time. Most of Itoco's value examination focuses on studying past and present price action to predict the probability of Itoco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itoco's price. Additionally, you may evaluate how the addition of Itoco to your portfolios can decrease your overall portfolio volatility.
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Itoco technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Itoco technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Itoco trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...