Itron Inc Stock Market Value
| ITRI Stock | USD 91.44 0.76 0.82% |
| Symbol | Itron |
Itron Inc Price To Book Ratio
Is Itron'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 Itron. If investors know Itron 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 Itron 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 0.969 | Earnings Share 2.11 | Revenue Per Share 47.855 | Quarterly Revenue Growth 0.235 | Return On Assets 0.0429 |
The market value of Itron Inc is measured differently than its book value, which is the value of Itron that is recorded on the company's balance sheet. Investors also form their own opinion of Itron's value that differs from its market value or its book value, called intrinsic value, which is Itron'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 Itron's market value can be influenced by many factors that don't directly affect Itron'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 Itron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Itron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Itron'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.
Itron '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 Itron'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 Itron.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Itron on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Itron Inc or generate 0.0% return on investment in Itron over 30 days. Itron is related to or competes with ESCO Technologies, Genasys, and MKS Instruments. Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, ... More
Itron 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 Itron'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 Itron Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.1145 | |||
| Maximum Drawdown | 25.32 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 3.43 |
Itron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Itron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Itron's standard deviation. In reality, there are many statistical measures that can use Itron historical prices to predict the future Itron's volatility.| Risk Adjusted Performance | 0.0917 | |||
| Jensen Alpha | 0.414 | |||
| Total Risk Alpha | 0.1535 | |||
| Sortino Ratio | 0.2227 | |||
| Treynor Ratio | 1.25 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Itron'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.
Itron Inc Backtested Returns
Itron appears to be very steady, given 3 months investment horizon. Itron Inc holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Itron Inc, which you can use to evaluate the volatility of the firm. Please utilize Itron's Market Risk Adjusted Performance of 1.26, risk adjusted performance of 0.0917, and Downside Deviation of 1.7 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Itron holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Itron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Itron is expected to be smaller as well. Please check Itron's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Itron's current trending patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Itron Inc has good predictability. Overlapping area represents the amount of predictability between Itron time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 Itron Inc price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Itron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
Itron Inc lagged returns against current returns
Autocorrelation, which is Itron 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 Itron's stock expected returns. We can calculate the autocorrelation of Itron returns to help us make a trade decision. For example, suppose you find that Itron 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 |
Itron 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 Itron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Itron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Itron stock over time.
Current vs Lagged Prices |
| Timeline |
Itron Lagged Returns
When evaluating Itron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Itron stock have on its future price. Itron 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, Itron autocorrelation shows the relationship between Itron stock current value and its past values and can show if there is a momentum factor associated with investing in Itron Inc.
Regressed Prices |
| Timeline |
Itron Investors Sentiment
The influence of Itron's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Itron. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Itron's public news can be used to forecast risks associated with an investment in Itron. The trend in average sentiment can be used to explain how an investor holding Itron can time the market purely based on public headlines and social activities around Itron Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Itron's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Itron's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Itron's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Itron.
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 Itron 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, Itron's short interest history, or implied volatility extrapolated from Itron options trading.
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Complementary Tools for Itron Stock analysis
When running Itron's price analysis, check to measure Itron'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 Itron is operating at the current time. Most of Itron's value examination focuses on studying past and present price action to predict the probability of Itron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itron's price. Additionally, you may evaluate how the addition of Itron to your portfolios can decrease your overall portfolio volatility.
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Itron technical stock 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, stock market cycles, or different charting patterns.