Itoco Inc Stock Market Value
ITMC Stock | USD 0.01 0 32.00% |
Symbol | Itoco |
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.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Itoco on February 27, 2024 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 30 days. Itoco is related to or competes with Novo Nordisk, Vertex Pharmaceuticals, Regeneron Pharmaceuticals, Moderna, and Kroger. 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.
Downside Deviation | 33.67 | |||
Information Ratio | 0.0797 | |||
Maximum Drawdown | 280.14 | |||
Value At Risk | (40.00) | |||
Potential Upside | 40.0 |
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.Risk Adjusted Performance | 0.0562 | |||
Jensen Alpha | 2.38 | |||
Total Risk Alpha | (4.85) | |||
Sortino Ratio | 0.0817 | |||
Treynor Ratio | 0.7206 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Itoco Inc Backtested Returns
Itoco is out of control given 3 months investment horizon. Itoco Inc holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have collected data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 3.56% are justified by taking the suggested risk. Use Itoco Inc Risk Adjusted Performance of 0.0562, market risk adjusted performance of 0.7306, and Downside Deviation of 33.67 to evaluate company specific risk that cannot be diversified away. Itoco holds a performance score of 7 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 3.99, 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. 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 | 0.54 |
Modest predictability
Itoco Inc has modest predictability. Overlapping area represents the amount of predictability between Itoco time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th 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 0.54 indicates that about 54.0% of current Itoco price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.54 | |
Spearman Rank Test | -0.08 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
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 has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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 |
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 Itoco Correlation, Itoco Volatility and Itoco Alpha and Beta module to complement your research on Itoco. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.
Commodity Directory Find actively traded commodities issued by global exchanges | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
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.