Idexx Laboratories Stock Market Value
| IDXX Stock | USD 415.30 9.01 2.22% |
| Symbol | IDEXX |
IDEXX Laboratories 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 IDEXX Laboratories. If investors know IDEXX 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 IDEXX Laboratories 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 0.134 | Earnings Share 10.68 | Revenue Per Share | Quarterly Revenue Growth 0.058 | Return On Assets |
The market value of IDEXX Laboratories is measured differently than its book value, which is the value of IDEXX that is recorded on the company's balance sheet. Investors also form their own opinion of IDEXX Laboratories' value that differs from its market value or its book value, called intrinsic value, which is IDEXX Laboratories' 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 IDEXX Laboratories' market value can be influenced by many factors that don't directly affect IDEXX Laboratories' 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 IDEXX Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if IDEXX Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDEXX Laboratories' 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.
IDEXX Laboratories '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 IDEXX Laboratories' 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 IDEXX Laboratories.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in IDEXX Laboratories on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding IDEXX Laboratories or generate 0.0% return on investment in IDEXX Laboratories over 90 days. IDEXX Laboratories is related to or competes with Waters, IQVIA Holdings, Charles River, Revvity, Mettler Toledo, Agilent Technologies, and Thermo Fisher. IDEXX Laboratories, Inc. develops, manufactures, and distributes products and services primarily for the companion anima... More
IDEXX Laboratories 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 IDEXX Laboratories' 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 IDEXX Laboratories upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0365 | |||
| Maximum Drawdown | 14.8 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 2.41 |
IDEXX Laboratories Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDEXX Laboratories' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IDEXX Laboratories' standard deviation. In reality, there are many statistical measures that can use IDEXX Laboratories historical prices to predict the future IDEXX Laboratories' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.2848 | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IDEXX Laboratories' 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.
IDEXX Laboratories Backtested Returns
IDEXX Laboratories holds Efficiency (Sharpe) Ratio of -0.018, which attests that the entity had a -0.018 % return per unit of return volatility over the last 3 months. IDEXX Laboratories exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IDEXX Laboratories' Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.23), and Coefficient Of Variation of (3,704) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IDEXX Laboratories' returns are expected to increase less than the market. However, during the bear market, the loss of holding IDEXX Laboratories is expected to be smaller as well. At this point, IDEXX Laboratories has a negative expected return of -0.0383%. Please make sure to check out IDEXX Laboratories' mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and daily balance of power , to decide if IDEXX Laboratories performance from the past will be repeated in the future.
Auto-correlation | -0.53 |
Good reverse predictability
IDEXX Laboratories has good reverse predictability. Overlapping area represents the amount of predictability between IDEXX Laboratories time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of IDEXX Laboratories price movement. The serial correlation of -0.53 indicates that about 53.0% of current IDEXX Laboratories price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 226.6 |
IDEXX Laboratories lagged returns against current returns
Autocorrelation, which is IDEXX Laboratories 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 IDEXX Laboratories' stock expected returns. We can calculate the autocorrelation of IDEXX Laboratories returns to help us make a trade decision. For example, suppose you find that IDEXX Laboratories 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 |
IDEXX Laboratories 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 IDEXX Laboratories stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IDEXX Laboratories stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IDEXX Laboratories stock over time.
Current vs Lagged Prices |
| Timeline |
IDEXX Laboratories Lagged Returns
When evaluating IDEXX Laboratories' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IDEXX Laboratories stock have on its future price. IDEXX Laboratories 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, IDEXX Laboratories autocorrelation shows the relationship between IDEXX Laboratories stock current value and its past values and can show if there is a momentum factor associated with investing in IDEXX Laboratories.
Regressed Prices |
| Timeline |
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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.Additional Tools for IDEXX Stock Analysis
When running IDEXX Laboratories' price analysis, check to measure IDEXX Laboratories' 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 IDEXX Laboratories is operating at the current time. Most of IDEXX Laboratories' value examination focuses on studying past and present price action to predict the probability of IDEXX Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDEXX Laboratories' price. Additionally, you may evaluate how the addition of IDEXX Laboratories to your portfolios can decrease your overall portfolio volatility.