Incyte Stock Market Value

INCY Stock  USD 57.12  0.57  1.01%   
Incyte's market value is the price at which a share of Incyte trades on a public exchange. It measures the collective expectations of Incyte investors about its performance. Incyte is trading at 57.12 as of the 28th of March 2024; that is 1.01 percent increase since the beginning of the trading day. The stock's open price was 56.55.
With this module, you can estimate the performance of a buy and hold strategy of Incyte and determine expected loss or profit from investing in Incyte over a given investment horizon. Check out Incyte Correlation, Incyte Volatility and Incyte Alpha and Beta module to complement your research on Incyte.
For more information on how to buy Incyte Stock please use our How to Invest in Incyte guide.
Symbol

Incyte Price To Book Ratio

Is Incyte's industry 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 Incyte. If investors know Incyte 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 Incyte 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
6.324
Earnings Share
2.65
Revenue Per Share
16.526
Quarterly Revenue Growth
0.093
Return On Assets
0.0646
The market value of Incyte is measured differently than its book value, which is the value of Incyte that is recorded on the company's balance sheet. Investors also form their own opinion of Incyte's value that differs from its market value or its book value, called intrinsic value, which is Incyte'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 Incyte's market value can be influenced by many factors that don't directly affect Incyte'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 Incyte's value and its price as these two are different measures arrived at by different means. Investors typically determine if Incyte is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Incyte'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.

Incyte '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 Incyte'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 Incyte.
0.00
04/03/2023
No Change 0.00  0.0 
In 11 months and 27 days
03/28/2024
0.00
If you would invest  0.00  in Incyte on April 3, 2023 and sell it all today you would earn a total of 0.00 from holding Incyte or generate 0.0% return on investment in Incyte over 360 days. Incyte is related to or competes with Arrow Financial, American Clean, Datadog, Aduro Clean, PennantPark Floating, and Encore Capital. Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprie... More

Incyte 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 Incyte'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 Incyte upside and downside potential and time the market with a certain degree of confidence.

Incyte Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Incyte's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Incyte's standard deviation. In reality, there are many statistical measures that can use Incyte historical prices to predict the future Incyte's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Incyte'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.
Hype
Prediction
LowEstimatedHigh
55.5657.0958.62
Details
Intrinsic
Valuation
LowRealHigh
51.4166.2067.73
Details
Naive
Forecast
LowNextHigh
55.7057.2358.75
Details
23 Analysts
Consensus
LowTargetHigh
74.7482.1391.16
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Incyte. Your research has to be compared to or analyzed against Incyte's peers to derive any actionable benefits. When done correctly, Incyte's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Incyte.

Incyte Backtested Returns

Incyte holds Efficiency (Sharpe) Ratio of -0.0941, which attests that the entity had a -0.0941% return per unit of risk over the last 3 months. Incyte exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Incyte's Market Risk Adjusted Performance of (0.41), risk adjusted performance of (0.03), and Standard Deviation of 1.49 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, Incyte's returns are expected to increase less than the market. However, during the bear market, the loss of holding Incyte is expected to be smaller as well. Incyte has an expected return of -0.14%. Please make sure to check out Incyte total risk alpha, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Incyte performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.3  

Weak reverse predictability

Incyte has weak reverse predictability. Overlapping area represents the amount of predictability between Incyte time series from 3rd of April 2023 to 30th of September 2023 and 30th of September 2023 to 28th of March 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 Incyte price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Incyte price fluctuation can be explain by its past prices.
Correlation Coefficient-0.3
Spearman Rank Test0.0
Residual Average0.0
Price Variance11.74

Incyte lagged returns against current returns

Autocorrelation, which is Incyte 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 Incyte's stock expected returns. We can calculate the autocorrelation of Incyte returns to help us make a trade decision. For example, suppose you find that Incyte 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  

Incyte 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 Incyte stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Incyte stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Incyte stock over time.
   Current vs Lagged Prices   
       Timeline  

Incyte Lagged Returns

When evaluating Incyte's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Incyte stock have on its future price. Incyte 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, Incyte autocorrelation shows the relationship between Incyte stock current value and its past values and can show if there is a momentum factor associated with investing in Incyte.
   Regressed Prices   
       Timeline  

Incyte Investors Sentiment

The influence of Incyte's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Incyte. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Incyte's public news can be used to forecast risks associated with an investment in Incyte. The trend in average sentiment can be used to explain how an investor holding Incyte can time the market purely based on public headlines and social activities around Incyte. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Incyte's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Incyte's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Incyte's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Incyte.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Incyte in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Incyte's short interest history, or implied volatility extrapolated from Incyte options trading.

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When determining whether Incyte offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Incyte's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Incyte Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Incyte Stock:
Check out Incyte Correlation, Incyte Volatility and Incyte Alpha and Beta module to complement your research on Incyte.
For more information on how to buy Incyte Stock please use our How to Invest in Incyte guide.
Note that the Incyte information on this page should be used as a complementary analysis to other Incyte's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Incyte Stock analysis

When running Incyte's price analysis, check to measure Incyte's 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 Incyte is operating at the current time. Most of Incyte's value examination focuses on studying past and present price action to predict the probability of Incyte's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Incyte's price. Additionally, you may evaluate how the addition of Incyte to your portfolios can decrease your overall portfolio volatility.
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Incyte 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.
A focus of Incyte technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Incyte trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...