International Tower Hill Stock Market Value
| ITH Stock | CAD 0.90 0.03 3.23% |
| Symbol | International |
International Tower '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 International Tower'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 International Tower.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in International Tower on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding International Tower Hill or generate 0.0% return on investment in International Tower over 30 days. International Tower is related to or competes with Xtra Gold, Loncor Resources, Treasury Metals, and TRX Gold. International Tower Hill Mines Ltd., a mineral exploration company, acquires and explores for mineral properties Canada ... More
International Tower 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 International Tower'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 International Tower Hill upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.41 | |||
| Information Ratio | 0.0782 | |||
| Maximum Drawdown | 30.87 | |||
| Value At Risk | (6.59) | |||
| Potential Upside | 9.86 |
International Tower Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Tower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Tower's standard deviation. In reality, there are many statistical measures that can use International Tower historical prices to predict the future International Tower's volatility.| Risk Adjusted Performance | 0.0648 | |||
| Jensen Alpha | 0.4116 | |||
| Total Risk Alpha | 0.0764 | |||
| Sortino Ratio | 0.0912 | |||
| Treynor Ratio | 0.5662 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of International Tower'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.
International Tower Hill Backtested Returns
International Tower appears to be abnormally volatile, given 3 months investment horizon. International Tower Hill holds Efficiency (Sharpe) Ratio of 0.0889, which attests that the entity had a 0.0889% return per unit of risk over the last 3 months. We have found thirty technical indicators for International Tower Hill, which you can use to evaluate the volatility of the firm. Please utilize International Tower's Market Risk Adjusted Performance of 0.5762, risk adjusted performance of 0.0648, and Downside Deviation of 4.41 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, International Tower holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, International Tower's returns are expected to increase less than the market. However, during the bear market, the loss of holding International Tower is expected to be smaller as well. Please check International Tower's value at risk and the relationship between the expected short fall and market facilitation index , to make a quick decision on whether International Tower's current trending patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
International Tower Hill has good reverse predictability. Overlapping area represents the amount of predictability between International Tower time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 International Tower Hill price movement. The serial correlation of -0.51 indicates that about 51.0% of current International Tower price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
International Tower Hill lagged returns against current returns
Autocorrelation, which is International Tower 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 International Tower's stock expected returns. We can calculate the autocorrelation of International Tower returns to help us make a trade decision. For example, suppose you find that International Tower 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 |
International Tower 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 International Tower stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Tower stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Tower stock over time.
Current vs Lagged Prices |
| Timeline |
International Tower Lagged Returns
When evaluating International Tower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Tower stock have on its future price. International Tower 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, International Tower autocorrelation shows the relationship between International Tower stock current value and its past values and can show if there is a momentum factor associated with investing in International Tower Hill.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out International Tower Correlation, International Tower Volatility and International Tower Alpha and Beta module to complement your research on International Tower. Note that the International Tower Hill information on this page should be used as a complementary analysis to other International Tower's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for International Stock analysis
When running International Tower's price analysis, check to measure International Tower'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 International Tower is operating at the current time. Most of International Tower's value examination focuses on studying past and present price action to predict the probability of International Tower's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Tower's price. Additionally, you may evaluate how the addition of International Tower to your portfolios can decrease your overall portfolio volatility.
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International Tower 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.