Iteris Inc Stock Market Value
| ITI Stock | USD 4.59 0.04 0.86% |
| Symbol | Iteris |
Iteris Inc Price To Book Ratio
Is Iteris' 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 Iteris. If investors know Iteris 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 Iteris 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 (0.96) | Earnings Share 0.06 | Revenue Per Share 4.019 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0129 |
The market value of Iteris Inc is measured differently than its book value, which is the value of Iteris that is recorded on the company's balance sheet. Investors also form their own opinion of Iteris' value that differs from its market value or its book value, called intrinsic value, which is Iteris' 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 Iteris' market value can be influenced by many factors that don't directly affect Iteris' 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 Iteris' value and its price as these two are different measures arrived at by different means. Investors typically determine if Iteris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iteris' 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.
Iteris '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 Iteris' 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 Iteris.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Iteris on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Iteris Inc or generate 0.0% return on investment in Iteris over 30 days. Iteris is related to or competes with Maximus, Network 1, First Advantage, BrightView Holdings, Civeo Corp, AZZ Incorporated, and Cass Information. Iteris, Inc. provides intelligent transportation systems technology solutions in North America, Europe, South America, a... More
Iteris 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 Iteris' 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 Iteris Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.74 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 3.34 |
Iteris Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iteris' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iteris' standard deviation. In reality, there are many statistical measures that can use Iteris historical prices to predict the future Iteris' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iteris' 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.
Iteris Inc Backtested Returns
Iteris Inc holds Efficiency (Sharpe) Ratio of -0.0352, which attests that the entity had a -0.0352% return per unit of risk over the last 3 months. Iteris Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iteris' Standard Deviation of 2.23, market risk adjusted performance of (0.01), and Risk Adjusted Performance of (0) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 2.08, 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, Iteris will likely underperform. Iteris Inc has an expected return of -0.0789%. Please make sure to check out Iteris treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Iteris Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Iteris Inc has below average predictability. Overlapping area represents the amount of predictability between Iteris time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Iteris Inc price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Iteris price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Iteris Inc lagged returns against current returns
Autocorrelation, which is Iteris 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 Iteris' stock expected returns. We can calculate the autocorrelation of Iteris returns to help us make a trade decision. For example, suppose you find that Iteris 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 |
Iteris 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 Iteris stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iteris stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iteris stock over time.
Current vs Lagged Prices |
| Timeline |
Iteris Lagged Returns
When evaluating Iteris' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iteris stock have on its future price. Iteris 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, Iteris autocorrelation shows the relationship between Iteris stock current value and its past values and can show if there is a momentum factor associated with investing in Iteris Inc.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Iteris Correlation, Iteris Volatility and Iteris Alpha and Beta module to complement your research on Iteris. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Iteris Stock analysis
When running Iteris' price analysis, check to measure Iteris' 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 Iteris is operating at the current time. Most of Iteris' value examination focuses on studying past and present price action to predict the probability of Iteris' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iteris' price. Additionally, you may evaluate how the addition of Iteris to your portfolios can decrease your overall portfolio volatility.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |
Iteris 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.