Will InTest (USA Stocks:INTT) continue to drop in April?

Closer look at InTest Downside Variance

InTest has current Downside Variance of 7.57. Downside Variance (or DV) is measured by target semi-variance and is termed downside volatility. It is expressed in percentages and therefore allows for rankings in the same way as variance. One way to view downside volatility is the annualized variance of returns below the target.

Downside Variance is the probability-weighted squared below-target returns. The squaring of the below-target returns has the effect of penalizing failures at an exponential rate. This is consistent with observations made on the behavior of individual decision-making under.

Downside Variance   =  SUM(RET DEV)2  N(ER)

=

7.57

SUM	=	Summation notation
RET DEV	=	Actual returns deviation over selected period
N(ER)	=	Number of points with returns less than expected return for the period

Let's now compare InTest Downside Variance to its closest peers:

	INTT	7.568691059501798
	AAOI	15.61
	AIP	24.17
	ALGM	5.77
	CEVA	5.74

Will InTest private investors exit after the drop?

Newest value at risk is at -4.87. InTest currently demonstrates below-average downside deviation. It has Information Ratio of 0.18 and Jensen Alpha of 0.58. However, we advise investors to further question InTest expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure InTest's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact InTest's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Conclusion on InTest

Whereas some firms in the semiconductor equipment & materials industry are either recovering or due for a correction, InTest may not be performing as strong as the other in terms of long-term growth potentials. The bottom line, as of the 3rd of March 2023, our analysis shows that InTest responds to the market. The firm is undervalued and projects low probability of financial unrest for the next 2 years. Our primary 90 days buy vs. sell advice on the firm is Strong Buy.