Icad Stock Performance

ICAD
 Stock
  

USD 2.10  0.05  2.33%   

The company retains a Market Volatility (i.e., Beta) of 0.295, which attests to not very significant fluctuations relative to the market. Let's try to break down what Icad's beta means in this case. 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. Even though it is essential to pay attention to Icad Inc current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Icad Inc exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Icad Inc has an expected return of -0.95%. Please be advised to check out Icad jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio to decide if Icad Inc performance from the past will be repeated at some point in the near future.
  
Icad Performance
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Over the last 90 days Icad Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in November 2022. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more

Icad Price Channel

Quick Ratio2.86
Fifty Two Week Low1.9700
Target High Price23.00
Fifty Two Week High11.7900
Target Low Price8.00

Icad Relative Risk vs. Return Landscape

If you would invest  406.00  in Icad Inc on July 3, 2022 and sell it today you would lose (196.00)  from holding Icad Inc or give up 48.28% of portfolio value over 90 days. Icad Inc is currently does not generate positive expected returns and assumes 3.9631% risk (volatility on return distribution) over the 90 days horizon. In different words, 34% 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.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Icad is expected to under-perform the market. In addition to that, the company is 3.46 times more volatile than its market benchmark. It trades about -0.24 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.1 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 = -0.2387

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Negative ReturnsICAD
Estimated Market Risk
 3.96
  actual daily
 
 34 %
of total potential
 
3434
Expected Return
 -0.95
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 0 %
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Risk-Adjusted Return
 -0.24
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Based on monthly moving average Icad is performing at about 0% 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.

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.
iCAD, Inc. provides image analysis, workflow solutions, and radiation therapy for the treatment of cancer in the United States. The company was formerly known as Howtek, Inc. and changed its name to iCAD, Inc. in June 2002. iCAD, Inc. was incorporated in 1984 and is headquartered in Nashua, New Hampshire. Icad operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 136 people.

Things to note about Icad Inc

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 Alerts

Equity Alerts and Improvement Suggestions

Icad Inc generated a negative expected return over the last 90 days
Icad Inc has high historical volatility and very poor performance
The company reported the previous year's revenue of 32.52 M. Net Loss for the year was (13.15 M) with profit before overhead, payroll, taxes, and interest of 24.56 M.
Icad Inc currently holds about 29.8 M in cash with (10.29 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.18.
Roughly 59.0% of the company shares are owned by institutional investors
Latest headline from simplywall.st: Insiders who bought in the last 12 months lose an additional US157k as iCAD, Inc. drops to US57m - Simply Wall St
Please see Risk vs Return Analysis. 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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.
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.