Icad has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Icad returns are expected to increase less than the market. However, during the bear market, the loss on holding Icad will be expected to be smaller as well. By evaluating Icad Inc technical indicators, you can presently evaluate if the expected return of 0.0773% will be sustainable into the future. Icad Inc right now retains a risk of 4.3%. Please check out Icad jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio to decide if Icad will be following its current trending patterns.
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Compared to the overall equity markets, risk-adjusted returns on investments in Icad Inc are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, Icad is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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Icad Relative Risk vs. Return LandscapeIf you would invest 137.00 in Icad Inc on November 25, 2023 and sell it today you would lose (1.00) from holding Icad Inc or give up 0.73% of portfolio value over 90 days. Icad Inc is currently generating 0.0773% in daily expected returns and assumes 4.297% risk (volatility on return distribution) over the 90 days horizon. In different words, 37% of stocks are less volatile than Icad, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Given the investment horizon of 90 days Icad is expected to generate 2.13 times less return on investment than the market. In addition to that, the company is 6.55 times more volatile than its market benchmark. It trades about 0.02 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.25 per unit of volatility.
Icad Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icad's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Icad Inc, and traders can use it to determine the average amount a Icad's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Icad Fundamentals Growth
Icad Stock prices reflect investors' perceptions of the future prospects and financial health of Icad, and Icad fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Icad Stock performance.
About Icad Performance
Things to note about Icad Inc performance evaluationChecking the ongoing alerts about Icad for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Icad Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions. Evaluating Icad's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Icad's stock performance include:
- Analyzing Icad's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Icad's stock is overvalued or undervalued compared to its peers.
- Examining Icad's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Icad's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Icad's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Icad's stock. These opinions can provide insight into Icad's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icad Inc. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.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 the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Icad Stock analysis
When running Icad's 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 the 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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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.
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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 if Icad is a good investment 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.