ITRI (ITRI)
Daily ERM3 factor decomposition: how much of ITRI's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $107.02
- Market cap
- $4.7B
- 23-day vol
- 89.4%
- Sector proxy
- XLK
- Subsector proxy
- IYW
Risk DNA
19% of ITRI's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 19.9%Sector 0.0%Subsector 0.0%Stock-specific 80.1%
ETF hedge ratios
Dollars of ETF to short per $1 of ITRI held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLK) | Subsector (IYW) | Explained risk |
|---|---|---|---|---|
| L1 | $-1.41 | — | — | 20.0% |
| L2 | $-1.97 | $0.33 | — | 19.9% |
| L3 | $-2.00 | $0.46 | $-0.11 | 19.3% |
Data as of July 29, 2026. Updated daily from the ERM3 pipeline.
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