Icecure Medical Stock Market Value
| ICCM Stock | USD 0.83 0.04 5.06% |
| Symbol | Icecure |
Icecure Medical Price To Book Ratio
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 Icecure Medical. If investors know Icecure 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 Icecure Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.28) | Revenue Per Share 0.071 | Quarterly Revenue Growth 0.079 | Return On Assets (0.47) | Return On Equity (0.94) |
The market value of Icecure Medical is measured differently than its book value, which is the value of Icecure that is recorded on the company's balance sheet. Investors also form their own opinion of Icecure Medical's value that differs from its market value or its book value, called intrinsic value, which is Icecure Medical'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 Icecure Medical's market value can be influenced by many factors that don't directly affect Icecure Medical'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 Icecure Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icecure Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icecure Medical'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.
Icecure Medical '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 Icecure Medical'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 Icecure Medical.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Icecure Medical on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Icecure Medical or generate 0.0% return on investment in Icecure Medical over 210 days. Icecure Medical is related to or competes with Tandem Diabetes, Inspire Medical, Penumbra, Insulet, InMode, and Abbott Laboratories. IceCure Medical Ltd, a medical device company, engages in the research, development, and commercialization of medical de... More
Icecure Medical 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 Icecure Medical'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 Icecure Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.36 | |||
| Information Ratio | 0.0693 | |||
| Maximum Drawdown | 30.34 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 9.86 |
Icecure Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icecure Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icecure Medical's standard deviation. In reality, there are many statistical measures that can use Icecure Medical historical prices to predict the future Icecure Medical's volatility.| Risk Adjusted Performance | 0.0815 | |||
| Jensen Alpha | 0.5112 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0838 | |||
| Treynor Ratio | (3.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icecure Medical'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.
Icecure Medical Backtested Returns
Icecure Medical appears to be extremely dangerous, given 3 months investment horizon. Icecure Medical holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. By evaluating Icecure Medical's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Icecure Medical's Downside Deviation of 4.36, risk adjusted performance of 0.0815, and Market Risk Adjusted Performance of (3.44) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Icecure Medical holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Icecure Medical are expected to decrease at a much lower rate. During the bear market, Icecure Medical is likely to outperform the market. Please check Icecure Medical's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Icecure Medical's current trending patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Icecure Medical has virtually no predictability. Overlapping area represents the amount of predictability between Icecure Medical time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Icecure Medical price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Icecure Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Icecure Medical lagged returns against current returns
Autocorrelation, which is Icecure Medical 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 Icecure Medical's stock expected returns. We can calculate the autocorrelation of Icecure Medical returns to help us make a trade decision. For example, suppose you find that Icecure Medical 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 |
Icecure Medical 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 Icecure Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icecure Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icecure Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Icecure Medical Lagged Returns
When evaluating Icecure Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icecure Medical stock have on its future price. Icecure Medical 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, Icecure Medical autocorrelation shows the relationship between Icecure Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Icecure Medical.
Regressed Prices |
| Timeline |
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Icecure Medical 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.