Idacorp Stock Market Value
| IDA Stock | USD 94.11 0.23 0.24% |
| Symbol | IDACORP |
IDACORP Price To Book Ratio
Is IDACORP'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 IDACORP. If investors know IDACORP 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 IDACORP 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 (0.26) | Dividend Share 3.2 | Earnings Share 5.14 | Revenue Per Share 34.828 | Quarterly Revenue Growth (0.03) |
The market value of IDACORP is measured differently than its book value, which is the value of IDACORP that is recorded on the company's balance sheet. Investors also form their own opinion of IDACORP's value that differs from its market value or its book value, called intrinsic value, which is IDACORP'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 IDACORP's market value can be influenced by many factors that don't directly affect IDACORP'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 IDACORP's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDACORP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDACORP'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.
IDACORP '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 IDACORP'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 IDACORP.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in IDACORP on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding IDACORP or generate 0.0% return on investment in IDACORP over 30 days. IDACORP is related to or competes with Centrais Elétricas, Central Puerto, CMS Energy, Centrais Electricas, and Entergy Texas. IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale... More
IDACORP 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 IDACORP'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 IDACORP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.05 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 2.1 |
IDACORP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDACORP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IDACORP's standard deviation. In reality, there are many statistical measures that can use IDACORP historical prices to predict the future IDACORP's volatility.| Risk Adjusted Performance | 0.0332 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0506 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IDACORP'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.
IDACORP Backtested Returns
We consider IDACORP very steady. IDACORP retains Efficiency (Sharpe Ratio) of 0.0351, which attests that the entity had a 0.0351% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for IDACORP, which you can use to evaluate the volatility of the firm. Please check out IDACORP's Downside Deviation of 1.34, semi deviation of 1.27, and Market Risk Adjusted Performance of 0.0606 to validate if the risk estimate we provide is consistent with the expected return of 0.0442%. IDACORP has a performance score of 2 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.93, which attests to possible diversification benefits within a given portfolio. IDACORP returns are very sensitive to returns on the market. As the market goes up or down, IDACORP is expected to follow. IDACORP at this moment owns a risk of 1.26%. Please check out IDACORP jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if IDACORP will be following its current price history.
Auto-correlation | 0.12 |
Insignificant predictability
IDACORP has insignificant predictability. Overlapping area represents the amount of predictability between IDACORP time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 IDACORP price movement. The serial correlation of 0.12 indicates that less than 12.0% of current IDACORP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 3.12 |
IDACORP lagged returns against current returns
Autocorrelation, which is IDACORP 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 IDACORP's stock expected returns. We can calculate the autocorrelation of IDACORP returns to help us make a trade decision. For example, suppose you find that IDACORP 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 |
IDACORP 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 IDACORP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IDACORP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IDACORP stock over time.
Current vs Lagged Prices |
| Timeline |
IDACORP Lagged Returns
When evaluating IDACORP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IDACORP stock have on its future price. IDACORP 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, IDACORP autocorrelation shows the relationship between IDACORP stock current value and its past values and can show if there is a momentum factor associated with investing in IDACORP.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out IDACORP Correlation, IDACORP Volatility and IDACORP Alpha and Beta module to complement your research on IDACORP. For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.Note that the IDACORP information on this page should be used as a complementary analysis to other IDACORP'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for IDACORP Stock analysis
When running IDACORP's price analysis, check to measure IDACORP'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 IDACORP is operating at the current time. Most of IDACORP's value examination focuses on studying past and present price action to predict the probability of IDACORP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDACORP's price. Additionally, you may evaluate how the addition of IDACORP to your portfolios can decrease your overall portfolio volatility.
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