Ituran Location And Stock Market Value
| ITRN Stock | USD 28.50 1.24 4.55% |
| Symbol | Ituran |
Ituran Location Price To Book Ratio
Is Communications Equipment space 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 Ituran Location. If investors know Ituran 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 Ituran Location 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 0.084 | Dividend Share 1.41 | Earnings Share 2.56 | Revenue Per Share 16.522 | Quarterly Revenue Growth 0.039 |
The market value of Ituran Location is measured differently than its book value, which is the value of Ituran that is recorded on the company's balance sheet. Investors also form their own opinion of Ituran Location's value that differs from its market value or its book value, called intrinsic value, which is Ituran Location'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 Ituran Location's market value can be influenced by many factors that don't directly affect Ituran Location'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 Ituran Location's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ituran Location is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ituran Location'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.
Ituran Location '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 Ituran Location'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 Ituran Location.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Ituran Location on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Ituran Location and or generate 0.0% return on investment in Ituran Location over 180 days. Ituran Location is related to or competes with Silicom, Allot Communications, Sapiens International, Formula Systems, and Nova. Ituran Location and Control Ltd., together with its subsidiaries, provides location-based telematics services and machin... More
Ituran Location 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 Ituran Location'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 Ituran Location and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.31 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.9 |
Ituran Location Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ituran Location's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ituran Location's standard deviation. In reality, there are many statistical measures that can use Ituran Location historical prices to predict the future Ituran Location's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.07) |
Ituran Location Backtested Returns
Ituran Location holds Efficiency (Sharpe) Ratio of -0.0327, which attests that the entity had a -0.0327% return per unit of risk over the last 3 months. Ituran Location exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ituran Location's Standard Deviation of 1.3, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ituran Location's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ituran Location is expected to be smaller as well. At this point, Ituran Location has a negative expected return of -0.0427%. Please make sure to check out Ituran Location's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Ituran Location performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Ituran Location and has good predictability. Overlapping area represents the amount of predictability between Ituran Location time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd of November 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 Ituran Location price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Ituran Location price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Ituran Location lagged returns against current returns
Autocorrelation, which is Ituran Location 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 Ituran Location's stock expected returns. We can calculate the autocorrelation of Ituran Location returns to help us make a trade decision. For example, suppose you find that Ituran Location 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 |
Ituran Location 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 Ituran Location stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ituran Location stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ituran Location stock over time.
Current vs Lagged Prices |
| Timeline |
Ituran Location Lagged Returns
When evaluating Ituran Location's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ituran Location stock have on its future price. Ituran Location 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, Ituran Location autocorrelation shows the relationship between Ituran Location stock current value and its past values and can show if there is a momentum factor associated with investing in Ituran Location and.
Regressed Prices |
| Timeline |
Pair Trading with Ituran Location
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ituran Location position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ituran Location will appreciate offsetting losses from the drop in the long position's value.Moving against Ituran Stock
The ability to find closely correlated positions to Ituran Location could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ituran Location when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ituran Location - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ituran Location and to buy it.
The correlation of Ituran Location is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ituran Location moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ituran Location moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ituran Location can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ituran Location Correlation, Ituran Location Volatility and Ituran Location Alpha and Beta module to complement your research on Ituran Location. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Ituran Location 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.