Imac Holdings Stock Beta

BACK Stock  USD 1.22  0.03  2.40%   
IMAC Holdings fundamentals help investors to digest information that contributes to IMAC Holdings' financial success or failures. It also enables traders to predict the movement of IMAC Stock. The fundamental analysis module provides a way to measure IMAC Holdings' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to IMAC Holdings stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

IMAC Holdings Company Beta Analysis

IMAC Holdings' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

 = 

Covariance

Variance

More About Beta | All Equity Analysis

Current IMAC Holdings Beta

    
  0.26  
Most of IMAC Holdings' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, IMAC Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

IMAC Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for IMAC Holdings is extremely important. It helps to project a fair market value of IMAC Stock properly, considering its historical fundamentals such as Beta. Since IMAC Holdings' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of IMAC Holdings' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of IMAC Holdings' interrelated accounts and indicators.
0.910.58-0.170.930.430.840.820.640.540.640.440.540.48-0.550.94-0.490.640.660.570.54
0.910.29-0.150.80.440.540.930.660.220.280.440.470.57-0.510.96-0.480.650.660.580.52
0.580.29-0.010.650.320.840.080.190.450.780.130.79-0.09-0.440.46-0.190.190.260.420.29
-0.17-0.15-0.01-0.25-0.57-0.13-0.26-0.27-0.51-0.27-0.950.210.570.760.030.92-0.26-0.830.64-0.86
0.930.80.65-0.250.30.850.630.390.570.690.510.610.35-0.710.84-0.560.390.670.530.64
0.430.440.32-0.570.30.280.510.780.170.180.640.15-0.34-0.560.34-0.660.780.68-0.210.61
0.840.540.84-0.130.850.280.440.390.760.920.30.570.22-0.470.66-0.350.390.460.450.41
0.820.930.08-0.260.630.510.440.790.30.220.50.160.54-0.390.84-0.510.790.690.350.49
0.640.660.19-0.270.390.780.390.790.220.160.41-0.010.21-0.240.57-0.441.00.540.070.4
0.540.220.45-0.510.570.170.760.30.220.890.530.04-0.06-0.450.26-0.510.220.55-0.110.48
0.640.280.78-0.270.690.180.920.220.160.890.340.44-0.02-0.460.41-0.360.160.440.210.38
0.440.440.13-0.950.510.640.30.50.410.530.34-0.02-0.35-0.880.27-1.00.410.96-0.380.95
0.540.470.790.210.610.150.570.16-0.010.040.44-0.020.16-0.40.62-0.05-0.010.170.730.19
0.480.57-0.090.570.35-0.340.220.540.21-0.06-0.02-0.350.160.310.640.330.22-0.140.77-0.29
-0.55-0.51-0.440.76-0.71-0.56-0.47-0.39-0.24-0.45-0.46-0.88-0.40.31-0.420.91-0.24-0.880.07-0.93
0.940.960.460.030.840.340.660.840.570.260.410.270.620.64-0.42-0.320.570.530.750.39
-0.49-0.48-0.190.92-0.56-0.66-0.35-0.51-0.44-0.51-0.36-1.0-0.050.330.91-0.32-0.43-0.960.32-0.97
0.640.650.19-0.260.390.780.390.791.00.220.160.41-0.010.22-0.240.57-0.430.530.070.4
0.660.660.26-0.830.670.680.460.690.540.550.440.960.17-0.14-0.880.53-0.960.53-0.130.94
0.570.580.420.640.53-0.210.450.350.07-0.110.21-0.380.730.770.070.750.320.07-0.13-0.2
0.540.520.29-0.860.640.610.410.490.40.480.380.950.19-0.29-0.930.39-0.970.40.94-0.2
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition

In accordance with the recently published financial statements, IMAC Holdings has a Beta of 0.255. This is 70.35% lower than that of the Health Care Equipment & Supplies sector and significantly higher than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.

IMAC Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IMAC Holdings' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of IMAC Holdings could also be used in its relative valuation, which is a method of valuing IMAC Holdings by comparing valuation metrics of similar companies.
IMAC Holdings is currently under evaluation in beta category among its peers.

IMAC Holdings Institutional Holders

Institutional Holdings refers to the ownership stake in IMAC Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of IMAC Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing IMAC Holdings' value.
Shares
Two Sigma Investments Llc2024-06-30
0.0
Kestra Advisory Services, Llc2024-09-30
0.0
Walleye Trading Advisors, Llc2024-09-30
0.0
Hrt Financial Llc2024-06-30
0.0
Citadel Advisors Llc2024-09-30
17.4 K
Geode Capital Management, Llc2024-09-30
11.6 K
Two Sigma Securities, Llc2024-09-30
11.5 K
Advisor Group Holdings, Inc.2024-09-30
8.2 K
Tower Research Capital Llc2024-09-30
4.3 K
Newbridge Financial Services Group, Inc.2024-09-30
167
Morgan Stanley - Brokerage Accounts2024-09-30
167
As returns on the market increase, IMAC Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding IMAC Holdings is expected to be smaller as well.

IMAC Fundamentals

About IMAC Holdings Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze IMAC Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IMAC Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IMAC Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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 Architect
When determining whether IMAC Holdings is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if IMAC Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Imac Holdings Stock. Highlighted below are key reports to facilitate an investment decision about Imac Holdings Stock:
Check out IMAC Holdings Piotroski F Score and IMAC Holdings Altman Z Score analysis.
For more information on how to buy IMAC Stock please use our How to buy in IMAC Stock guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Health Care Equipment & Supplies 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 IMAC Holdings. If investors know IMAC 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 IMAC Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(5.03)
Revenue Per Share
7.719
Quarterly Revenue Growth
(0.59)
Return On Assets
(0.38)
Return On Equity
(3.32)
The market value of IMAC Holdings is measured differently than its book value, which is the value of IMAC that is recorded on the company's balance sheet. Investors also form their own opinion of IMAC Holdings' value that differs from its market value or its book value, called intrinsic value, which is IMAC Holdings' 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 IMAC Holdings' market value can be influenced by many factors that don't directly affect IMAC Holdings' 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 IMAC Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if IMAC Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IMAC Holdings' 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.