Icad Inc Stock Performance

ICAD Stock  USD 1.36  0.02  1.45%   
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.

Risk-Adjusted Performance

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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
Last Split Factor
1:5
Last Split Date
2012-08-16
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Begin Period Cash Flow24.6 M
  

Icad Relative Risk vs. Return Landscape

If 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.
  Expected Return   
       Risk  
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.

Sharpe Ratio = 0.018

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Estimated Market Risk

 4.3
  actual daily
37
63% of assets are more volatile

Expected Return

 0.08
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.02
  actual daily
1
99% of assets perform better
Based on monthly moving average Icad is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Icad by adding it to a well-diversified portfolio.

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

To evaluate Icad Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Icad generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Icad Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Icad Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Icad's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Return on Investment(39.35)(42.46)
Return on Average Assets(0.22)(0.24)
Return on Average Equity(0.31)(0.34)
Return on Invested Capital(1.71)(1.85)
Return on Sales(0.44)(0.47)

Things to note about Icad Inc performance evaluation

Checking 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.
Icad Inc may become a speculative penny stock
Icad Inc had very high historical volatility over the last 90 days
Icad Inc has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 25.36 M. Net Loss for the year was (10 M) with profit before overhead, payroll, taxes, and interest of 20.11 M.
Icad Inc currently holds about 27.18 M in cash with (6.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.07.
Icad Inc has a frail financial position based on the latest SEC disclosures
Latest headline from news.google.com: ICAD Stock Quote Price and Forecast - CNN
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.
It's essential to remember that evaluating Icad's stock performance is not an exact science, and many factors can impact Icad's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Icad Inc is a strong investment it is important to analyze Icad's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Icad's future performance. For an informed investment choice regarding Icad Stock, refer to the following important reports:
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.
Earnings Share
(0.49)
Revenue Per Share
1
Quarterly Revenue Growth
(0.07)
Return On Assets
(0.16)
Return On Equity
(0.37)
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.