Icad Inc Stock Market Value
| ICAD Stock | USD 1.70 0.06 3.41% |
| Symbol | Icad |
icad inc Price To Book Ratio
Is Health Care Technology 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 Icad. If investors know Icad 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 Icad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.20) | Revenue Per Share 0.718 | Quarterly Revenue Growth 0.206 | Return On Assets (0.08) | Return On Equity (0.15) |
The market value of icad inc is measured differently than its book value, which is the value of Icad that is recorded on the company's balance sheet. Investors also form their own opinion of Icad's value that differs from its market value or its book value, called intrinsic value, which is Icad'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 Icad's market value can be influenced by many factors that don't directly affect Icad'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 Icad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icad'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.
Icad '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 Icad'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 Icad.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Icad on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding icad inc or generate 0.0% return on investment in Icad over 30 days. Icad is related to or competes with Profound Medical, Si Bone, Sight Sciences, Nevro Corp, Paragon 28, STRATA Skin, and Axogen. iCAD, Inc. provides image analysis, workflow solutions, and radiation therapy for the treatment of cancer in the United ... More
Icad 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 Icad'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 icad inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.34 | |||
| Information Ratio | 0.0243 | |||
| Maximum Drawdown | 46.15 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 9.49 |
Icad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icad's standard deviation. In reality, there are many statistical measures that can use Icad historical prices to predict the future Icad's volatility.| Risk Adjusted Performance | 0.0418 | |||
| Jensen Alpha | 0.0548 | |||
| Total Risk Alpha | (0.56) | |||
| Sortino Ratio | 0.0272 | |||
| Treynor Ratio | 0.1326 |
icad inc Backtested Returns
Icad appears to be dangerous, given 3 months investment horizon. icad inc holds Efficiency (Sharpe) Ratio of 0.0606, which attests that the entity had a 0.0606% return per unit of risk over the last 3 months. We have found thirty technical indicators for icad inc, which you can use to evaluate the volatility of the firm. Please utilize Icad's Downside Deviation of 5.34, risk adjusted performance of 0.0418, and Market Risk Adjusted Performance of 0.1426 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Icad holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 1.87, 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, Icad will likely underperform. Please check Icad's semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Icad's current trending patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
icad inc has below average predictability. Overlapping area represents the amount of predictability between Icad time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 icad inc price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Icad price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
icad inc lagged returns against current returns
Autocorrelation, which is Icad 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 Icad's stock expected returns. We can calculate the autocorrelation of Icad returns to help us make a trade decision. For example, suppose you find that Icad 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 |
Icad 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 Icad stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icad stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icad stock over time.
Current vs Lagged Prices |
| Timeline |
Icad Lagged Returns
When evaluating Icad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icad stock have on its future price. Icad 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, Icad autocorrelation shows the relationship between Icad stock current value and its past values and can show if there is a momentum factor associated with investing in icad inc.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether icad inc is a strong investment it is important to analyze Icad's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Icad's future performance. For an informed investment choice regarding Icad Stock, refer to the following important reports:Check out Icad Correlation, Icad Volatility and Icad Alpha and Beta module to complement your research on Icad. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Icad 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.