ICON PLC Stock Forecast - Standard Deviation
| ICLR Stock | USD 291.82 0.20 0.07% |
ICON Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ICON PLC stock prices and determine the direction of ICON PLC's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ICON PLC's historical fundamentals, such as revenue growth or operating cash flow patterns. Although ICON PLC's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ICON PLC's systematic risk associated with finding meaningful patterns of ICON PLC fundamentals over time.
Check out Historical Fundamental Analysis of ICON PLC to cross-verify your projections. ICON |
Open Interest Against 2024-04-19 ICON Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ICON PLC's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ICON PLC's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ICON PLC stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ICON PLC's open interest, investors have to compare it to ICON PLC's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ICON PLC is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ICON. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ICON PLC cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ICON PLC's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ICON PLC's price structures and extracts relationships that further increase the generated results' accuracy.
| Check ICON PLC Volatility | Backtest ICON PLC | Information Ratio |
ICON PLC Trading Date Momentum
| On April 19 2024 ICON PLC was traded for 291.82 at the closing time. The top price for the day was 298.99 and the lowest listed price was 287.90 . There was no trading activity during the period 0.0. Lack of trading volume on April 19, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.26% . |
| Compare ICON PLC to competition |
Other Forecasting Options for ICON PLC
For every potential investor in ICON, whether a beginner or expert, ICON PLC's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ICON Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ICON. Basic forecasting techniques help filter out the noise by identifying ICON PLC's price trends.ICON PLC Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ICON PLC stock to make a market-neutral strategy. Peer analysis of ICON PLC could also be used in its relative valuation, which is a method of valuing ICON PLC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ICON PLC Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ICON PLC's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ICON PLC's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ICON PLC Market Strength Events
Market strength indicators help investors to evaluate how ICON PLC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ICON PLC shares will generate the highest return on investment. By undertsting and applying ICON PLC stock market strength indicators, traders can identify ICON PLC entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0371 | |||
| Daily Balance Of Power | (0.02) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 293.45 | |||
| Day Typical Price | 292.9 | |||
| Market Facilitation Index | 11.09 | |||
| Price Action Indicator | (1.72) | |||
| Period Momentum Indicator | (0.20) |
ICON PLC Risk Indicators
The analysis of ICON PLC's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ICON PLC's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting icon stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.27 | |||
| Semi Deviation | 1.11 | |||
| Standard Deviation | 1.94 | |||
| Variance | 3.76 | |||
| Downside Variance | 1.73 | |||
| Semi Variance | 1.23 | |||
| Expected Short fall | (1.54) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of ICON PLC to cross-verify your projections. To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for ICON Stock analysis
When running ICON PLC's price analysis, check to measure ICON PLC'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 ICON PLC is operating at the current time. Most of ICON PLC's value examination focuses on studying past and present price action to predict the probability of ICON PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICON PLC's price. Additionally, you may evaluate how the addition of ICON PLC to your portfolios can decrease your overall portfolio volatility.
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Is ICON PLC'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 ICON PLC. If investors know ICON 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 ICON PLC 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 0.816 | Earnings Share 7.41 | Revenue Per Share 98.904 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0383 |
The market value of ICON PLC is measured differently than its book value, which is the value of ICON that is recorded on the company's balance sheet. Investors also form their own opinion of ICON PLC's value that differs from its market value or its book value, called intrinsic value, which is ICON PLC'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 ICON PLC's market value can be influenced by many factors that don't directly affect ICON PLC'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 ICON PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICON PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICON PLC'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.