Icad Stock Market Value

ICAD Stock  USD 2.17  0.01  0.46%   
Icad's market value is the price at which a share of Icad stock trades on a public exchange. It measures the collective expectations of Icad Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Icad Inc and determine expected loss or profit from investing in Icad over a given investment horizon. Please see Icad Correlation, Icad Volatility and Icad Alpha and Beta module to complement your research on Icad.
Symbol


Is Icad'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 Icad. If investors know Icad 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 Icad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
55 M
Quarterly Revenue Growth
(0.32) 
Return On Assets
(0.15) 
Return On Equity
(0.34) 
The market value of Icad Inc is measured differently than its book value, which is the value of Icad that is recorded on the company's balance sheet. Investors also form their own opinion of Icad's value that differs from its market value or its book value, called intrinsic value, which is Icad'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 Icad's market value can be influenced by many factors that don't directly affect Icad'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 Icad's value and its price as these two are different measures arrived at by different means. Investors typically determine Icad value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icad'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.

Icad '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 Icad'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 Icad.
0.00
02/06/2021
No Change 0.00  0.0 
In 1 year 11 months and 22 days
01/27/2023
0.00
If you would invest  0.00  in Icad on February 6, 2021 and sell it all today you would earn a total of 0.00 from holding Icad Inc or generate 0.0% return on investment in Icad over 720 days. Icad is related to or competes with AmerisourceBergen, Abbott Laboratories, Adicet Bio, Acadia Healthcare, Addus HomeCare, Aethlon Medical, and Align Technology. iCAD, Inc. provides image analysis, workflow solutions, and radiation therapy for the treatment of cancer in the United ... More

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

Icad Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Icad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icad's standard deviation. In reality, there are many statistical measures that can use Icad historical prices to predict the future Icad's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Icad'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. Please use the tools below to analyze the current value of Icad in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.112.136.67
Details
Intrinsic
Valuation
LowReal ValueHigh
2.166.7011.24
Details
Naive
Forecast
LowNext ValueHigh
0.0413782.076.60
Details
4 Analysts
Consensus
LowTarget PriceHigh
16.0020.7525.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Icad. Your research has to be compared to or analyzed against Icad's peers to derive any actionable benefits. When done correctly, Icad's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Icad Inc.

Icad Inc Backtested Returns

Icad appears to be moderately volatile, given 3 months investment horizon. Icad Inc holds Efficiency (Sharpe) Ratio of 0.0687, which attests that the entity had 0.0687% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Icad Inc, which you can use to evaluate the future volatility of the firm. Please utilize Icad's Risk Adjusted Performance of 0.0665, market risk adjusted performance of 0.2053, and Downside Deviation of 4.03 to validate if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Icad holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 1.1413, which attests to a somewhat significant risk relative to the market. Let's try to break down what Icad's beta means in this case. Icad returns are very sensitive to returns on the market. As the market goes up or down, Icad is expected to follow. Although it is vital to follow Icad Inc current price history, it is good to be conservative about what you can do with the information regarding equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Icad Inc technical indicators, you can presently evaluate if the expected return of 0.31% will be sustainable into the future. Please utilizes Icad variance, maximum drawdown, and the relationship between the coefficient of variation and jensen alpha to make a quick decision on whether Icad Inc current trending patterns will revert.

Auto-correlation

    
  0.86  

Very good predictability

Icad Inc has very good predictability. Overlapping area represents the amount of predictability between Icad time series from 6th of February 2021 to 1st of February 2022 and 1st of February 2022 to 27th of January 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Icad Inc price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Icad price fluctuation can be explain by its past prices.
Correlation Coefficient0.86
Spearman Rank Test0.81
Residual Average0.0
Price Variance1.26

Icad Inc lagged returns against current returns

Autocorrelation, which is Icad 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 Icad's stock expected returns. We can calculate the autocorrelation of Icad returns to help us make a trade decision. For example, suppose you find that Icad stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

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

Icad Lagged Returns

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

Icad Investors Sentiment

The influence of Icad'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 Icad. 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 markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Icad's public news can be used to forecast risks associated with investment in Icad. The trend in average sentiment can be used to explain how an investor holding Icad can time the market purely based on public headlines and social activities around Icad Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Icad'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 Icad'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 Icad's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Icad.
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 Icad 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, Icad's short interest history, or implied volatility extrapolated from Icad options trading.

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Please see Icad Correlation, Icad Volatility and Icad Alpha and Beta module to complement your research on Icad. Note that the Icad Inc information on this page should be used as a complementary analysis to other Icad'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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Icad Stock analysis

When running Icad Inc price analysis, check to measure Icad'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 Icad is operating at the current time. Most of Icad's value examination focuses on studying past and present price action to predict the probability of Icad's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Icad's price. Additionally, you may evaluate how the addition of Icad to your portfolios can decrease your overall portfolio volatility.
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Icad 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 Icad technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Icad 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...