Idexx Laboratories Stock Alpha and Beta Analysis

IDXX Stock  USD 541.89  2.32  0.43%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as IDEXX Laboratories. It also helps investors analyze the systematic and unsystematic risks associated with investing in IDEXX Laboratories over a specified time horizon. Remember, high IDEXX Laboratories' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to IDEXX Laboratories' market risk premium analysis include:
Beta
1.01
Alpha
(0.16)
Risk
1.74
Sharpe Ratio
(0.01)
Expected Return
(0.02)
Please note that although IDEXX Laboratories alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, IDEXX Laboratories did 0.16  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of IDEXX Laboratories stock's relative risk over its benchmark. IDEXX Laboratories has a beta of 1.01  . IDEXX Laboratories returns are very sensitive to returns on the market. As the market goes up or down, IDEXX Laboratories is expected to follow. Price Book Value Ratio is likely to rise to 32.61 in 2024. Enterprise Value Multiple is likely to rise to 44.60 in 2024.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out IDEXX Laboratories Backtesting, IDEXX Laboratories Valuation, IDEXX Laboratories Correlation, IDEXX Laboratories Hype Analysis, IDEXX Laboratories Volatility, IDEXX Laboratories History and analyze IDEXX Laboratories Performance.
For more information on how to buy IDEXX Stock please use our How to Invest in IDEXX Laboratories guide.

IDEXX Laboratories Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. IDEXX Laboratories market risk premium is the additional return an investor will receive from holding IDEXX Laboratories long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IDEXX Laboratories. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate IDEXX Laboratories' performance over market.
α-0.16   β1.01

IDEXX Laboratories expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of IDEXX Laboratories' Buy-and-hold return. Our buy-and-hold chart shows how IDEXX Laboratories performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

IDEXX Laboratories Market Price Analysis

Market price analysis indicators help investors to evaluate how IDEXX Laboratories stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IDEXX Laboratories shares will generate the highest return on investment. By understating and applying IDEXX Laboratories stock market price indicators, traders can identify IDEXX Laboratories position entry and exit signals to maximize returns.

IDEXX Laboratories Return and Market Media

The median price of IDEXX Laboratories for the period between Fri, Dec 29, 2023 and Thu, Mar 28, 2024 is 551.21 with a coefficient of variation of 3.34. The daily time series for the period is distributed with a sample standard deviation of 18.3, arithmetic mean of 547.39, and mean deviation of 16.14. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
IDEXX Laboratories Updates FY24 Earnings Guidance
02/05/2024
2
Disposition of 483 shares by Jonathan Mazelsky of IDEXX Laboratories at 206.94 subject to Rule 16b-3
02/21/2024
3
IDEXX Laboratories Rebounded After Significant Drawdown From July Highs
02/22/2024
4
Disposition of 1404 shares by Sophie Vandebroek of IDEXX Laboratories at 245.79 subject to Rule 16b-3
03/05/2024
5
Idexx Down 1.5 percent Since Last Earnings Report Can It Rebound
03/06/2024
6
Disposition of 680 shares by James Polewaczyk of IDEXX Laboratories at 559.3318 subject to Rule 16b-3
03/07/2024
7
Executive Vice President James Polewaczyk Sells Shares of IDEXX Laboratories Inc
03/08/2024
8
100 Invested In IDEXX Laboratories 5 Years Ago Would Be Worth This Much Today
03/11/2024
9
IDEXX Laboratories, Inc. Stock Has Shown Weakness Lately But Financials Look Strong Should Prospective Shareholders Make The Leap
03/12/2024
10
IDEXX Laboratories earnings growth rate lags the 19 percent CAGR delivered to shareholders
03/19/2024
11
Heres How Much You Would Have Made Owning IDEXX Laboratories Stock In The Last 20 Years
03/27/2024

About IDEXX Laboratories Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including IDEXX or other stocks. Alpha measures the amount that position in IDEXX Laboratories has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2023 2024 (projected)
Price Earnings Ratio75.3250.2454.5657.29
Short Term Coverage Ratios5.090.832.792.65

IDEXX Laboratories Upcoming Company Events

As portrayed in its financial statements, the presentation of IDEXX Laboratories' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, IDEXX Laboratories' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of IDEXX Laboratories' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of IDEXX Laboratories. Please utilize our Beneish M Score to check the likelihood of IDEXX Laboratories' management manipulating its earnings.
5th of February 2024
Upcoming Quarterly Report
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7th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
5th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

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When determining whether IDEXX Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IDEXX Laboratories' 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 Idexx Laboratories Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Idexx Laboratories Stock:

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IDEXX Laboratories 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 IDEXX Laboratories technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of IDEXX Laboratories 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...