Idex Biometrics ASA Alpha and Beta Analysis
| IDBADelisted Stock | USD 4.88 0.00 0.00% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Idex Biometrics ASA. It also helps investors analyze the systematic and unsystematic risks associated with investing in Idex Biometrics over a specified time horizon. Remember, high Idex Biometrics' 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 Idex Biometrics' market risk premium analysis include:
Beta (0.56) | Alpha (0.38) | Risk 0.0 | Sharpe Ratio 0.0 | Expected Return 0.0 |
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.
Idex |
Idex Biometrics Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Idex Biometrics market risk premium is the additional return an investor will receive from holding Idex Biometrics 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 Idex Biometrics. 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 Idex Biometrics' performance over market.| α | -0.38 | β | -0.56 |
Idex Biometrics Fundamentals Vs Peers
Comparing Idex Biometrics' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Idex Biometrics' direct or indirect competition across all of the common fundamentals between Idex Biometrics and the related equities. This way, we can detect undervalued stocks with similar characteristics as Idex Biometrics or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Idex Biometrics' fundamental indicators could also be used in its relative valuation, which is a method of valuing Idex Biometrics by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Idex Biometrics to competition |
| Fundamentals | Idex Biometrics | Peer Average |
| Return On Equity | -1.41 | -0.31 |
| Return On Asset | -0.71 | -0.14 |
| Operating Margin | (6.35) % | (5.51) % |
| Current Valuation | 76.81 M | 16.62 B |
| Shares Outstanding | 17.55 M | 571.82 M |
| Shares Owned By Insiders | 2.28 % | 10.09 % |
| Shares Owned By Institutions | 0.01 % | 39.21 % |
Idex Biometrics Opportunities
Idex Biometrics Return and Market Media
The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Fingerprint Sensor Market Set to Witness Huge Growth By 2031 ... - Cottonwood Holladay Journal | 05/17/2023 |
2 | IDEX Biometrics scales distribution of biometric smart cards with Thames Technology | 05/24/2023 |
3 | AI in Biometrics Technology Market Future Scope and SWOT ... - The Bowman Extra | 06/13/2023 |
4 | IDEX Biometrics announces intention to voluntary delist of American Depositary Shares from The Nasdaq Capital Market | 07/21/2023 |
5 | IDEX Biometrics reports Q2 results | 08/10/2023 |
About Idex Biometrics 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 Idex or other delisted stocks. Alpha measures the amount that position in Idex Biometrics ASA 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.
Idex Biometrics Upcoming Company Events
As portrayed in its financial statements, the presentation of Idex Biometrics' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Idex Biometrics' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Idex Biometrics' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Idex Biometrics. Please utilize our Beneish M Score to check the likelihood of Idex Biometrics' management manipulating its earnings.
| 9th of November 2023 Upcoming Quarterly Report | View | |
| 28th of February 2024 Next Financial Report | View | |
| 30th of September 2023 Next Fiscal Quarter End | View | |
| 28th of February 2024 Next Fiscal Year End | View | |
| 30th of June 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Idex Biometrics
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Idex Biometrics ASA information on this page should be used as a complementary analysis to other Idex Biometrics' 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Idex Stock
If you are still planning to invest in Idex Biometrics ASA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Idex Biometrics' history and understand the potential risks before investing.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |