Itron Inc Stock Chance of Future Stock Price Finishing Over 91.46
| ITRI Stock | USD 91.46 1.78 1.98% |
Closest to current price Itron long CALL Option Payoff at Expiration
Itron |
Itron Target Price Odds to finish over 91.46
The tendency of Itron 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 Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 91.46 | 90 days | 91.46 | about 19.55 |
Based on a normal probability distribution, the odds of Itron to move above the current price in 90 days from now is about 19.55 (This Itron Inc probability density function shows the probability of Itron Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.29 . 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, Itron will likely underperform. Additionally Itron Inc has an alpha of 0.3317, implying that it can generate a 0.33 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Itron Price Density |
| Price |
Predictive Modules for Itron
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Itron 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 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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Itron is not an exception. The market had few large corrections towards the Itron'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 Itron Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Itron within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.33 | |
β | Beta against NYSE Composite | 1.29 | |
σ | Overall volatility | 8.52 | |
Ir | Information ratio | 0.11 |
Itron 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 Itron for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Itron 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.| Itron Inc had very high historical volatility over the last 90 days | |
| Itron Inc is unlikely to experience financial distress in the next 2 years | |
| Itron Inc has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Itron Gains 74 percent in a Year Will the Trend Continue |
Itron 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 Itron Stock often depends not only on the future outlook of the current and potential Itron'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. Itron's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.8 M | |
| Cash And Short Term Investments | 302 M |
Itron Technical Analysis
Itron's future price can be derived by breaking down and analyzing its technical indicators over time. Itron Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Itron Inc. In general, you should focus on analyzing Itron Stock price patterns and their correlations with different microeconomic environments and drivers.
Itron Predictive Forecast Models
Itron's time-series forecasting models is one of many Itron'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 Itron'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 Itron Inc
Checking the ongoing alerts about Itron for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Itron Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Itron Inc had very high historical volatility over the last 90 days | |
| Itron Inc is unlikely to experience financial distress in the next 2 years | |
| Itron Inc has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Itron Gains 74 percent in a Year Will the Trend Continue |
Check out Itron Backtesting, Itron Valuation, Itron Correlation, Itron Hype Analysis, Itron Volatility, Itron History as well as Itron Performance. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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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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.