Intest Stock Market Value
| INTT Stock | USD 7.17 0.21 2.85% |
| Symbol | InTest |
inTest Price To Book Ratio
Is Semiconductors & Semiconductor 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 InTest. If investors know InTest 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 InTest 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 (0.92) | Earnings Share 0.37 | Revenue Per Share 10.197 | Quarterly Revenue Growth 0.044 | Return On Assets 0.0188 |
The market value of inTest is measured differently than its book value, which is the value of InTest that is recorded on the company's balance sheet. Investors also form their own opinion of InTest's value that differs from its market value or its book value, called intrinsic value, which is InTest'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 InTest's market value can be influenced by many factors that don't directly affect InTest'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 InTest's value and its price as these two are different measures arrived at by different means. Investors typically determine if InTest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InTest'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.
InTest '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 InTest'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 InTest.
| 05/04/2024 |
| 10/31/2024 |
If you would invest 0.00 in InTest on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding inTest or generate 0.0% return on investment in InTest over 180 days. InTest is related to or competes with Axcelis Technologies, Lam Research, Photronics, Indie Semiconductor, Nova, Onto Innovation, and Kulicke. inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defenseaerosp... More
InTest 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 InTest'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 inTest upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 24.12 | |||
| Value At Risk | (5.98) | |||
| Potential Upside | 6.04 |
InTest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InTest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InTest's standard deviation. In reality, there are many statistical measures that can use InTest historical prices to predict the future InTest's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of InTest'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.
inTest Backtested Returns
inTest holds Efficiency (Sharpe) Ratio of -0.0048, which attests that the entity had a -0.0048% return per unit of volatility over the last 3 months. inTest exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out InTest's standard deviation of 4.56, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 3.32, 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, InTest will likely underperform. At this point, inTest has a negative expected return of -0.0174%. Please make sure to check out InTest's treynor ratio and daily balance of power , to decide if inTest performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
inTest has below average predictability. Overlapping area represents the amount of predictability between InTest time series from 4th of May 2024 to 2nd of August 2024 and 2nd of August 2024 to 31st of October 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 inTest price movement. The serial correlation of 0.37 indicates that just about 37.0% of current InTest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
inTest lagged returns against current returns
Autocorrelation, which is InTest 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 InTest's stock expected returns. We can calculate the autocorrelation of InTest returns to help us make a trade decision. For example, suppose you find that InTest 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 |
InTest 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 InTest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InTest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InTest stock over time.
Current vs Lagged Prices |
| Timeline |
InTest Lagged Returns
When evaluating InTest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InTest stock have on its future price. InTest 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, InTest autocorrelation shows the relationship between InTest stock current value and its past values and can show if there is a momentum factor associated with investing in inTest.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for InTest Stock Analysis
When running InTest's price analysis, check to measure InTest'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 InTest is operating at the current time. Most of InTest's value examination focuses on studying past and present price action to predict the probability of InTest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InTest's price. Additionally, you may evaluate how the addition of InTest to your portfolios can decrease your overall portfolio volatility.