Icad Stock Alpha and Beta Analysis

ICAD
 Stock
  

USD 3.39  0.02  0.59%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Icad Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Icad over a specified time horizon. Remember, high Icad's 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.
Please see Icad Backtesting, Icad Valuation, Icad Correlation, Icad Hype Analysis, Icad Volatility, Icad History and analyze Icad Performance.
  
Please note that although Icad alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Icad did 0.01484  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Icad Inc stock's relative risk over its benchmark. Icad Inc has a beta of 1.43  . Let's try to break down what Icad's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Icad will likely underperform.
The current year Price to Book Value is expected to grow to 5.83, whereas Book Value per Share is forecasted to decline to 1.78.
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.

Icad Quarterly Book Value per Share

1.628

Icad Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Icad market risk premium is the additional return an investor will receive from holding Icad 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 Icad. 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 Icad's performance over market.
α0.01484   β1.43
90 days against DJI

Icad expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Icad's Buy-and-hold return. Our buy-and-hold chart shows how Icad performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Icad Market Price Analysis

Market price analysis indicators help investors to evaluate how Icad stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icad shares will generate the highest return on investment. By understating and applying Icad stock market price indicators, traders can identify Icad position entry and exit signals to maximize returns.

Icad Return and Market Media

The median price of Icad for the period between Wed, May 18, 2022 and Tue, Aug 16, 2022 is 3.98 with a coefficient of variation of 7.69. The daily time series for the period is distributed with a sample standard deviation of 0.3, arithmetic mean of 3.94, and mean deviation of 0.25. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Stephen P. Sarno is the interim CFO of iCAD - Seeking Alpha05/25/2022
2
Computer Aided Detection System Market Research Report 2022 ...05/31/2022
3
Europe Intraoperative Radiation Therapy Market Trends, Busin...06/17/2022
4
Filing06/22/2022
5
Visionary Education Technology Purchase Agreement - Form 6-K...06/29/2022
6
EPS Estimate06/30/2022
7
Unclassified Event07/06/2022
8
Unclassified Event07/08/2022
9
iCAD Presents its Complete Suite of Breast Cancer AI Solutio...07/13/2022
10
Quest Diagnostics Inc. Q2 2022 Earnings Call Transcript - Al...07/21/2022
11
iCAD, Inc. Given Average Rating of Moderate Buy by Analysts ...08/04/2022
12
EPS Reported08/10/2022
13
ICAD INC Managements Discussion and Analysis of Financial Co...08/15/2022

About Icad 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 equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Icad Inc 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.
 2019 2020 2021 (projected)
PPandE Turnover56.8345.7441.38
Long Term Debt to Equity3.450.230.21

Icad Upcoming Company Events

As portrayed in its financial statements, the presentation of Icad's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Icad's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Icad's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Icad. Please utilize our Beneish M Score to check the likelihood of Icad's management manipulating its earnings.
Upcoming Quarterly Report23rd of February 2022
Next Financial Report27th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End23rd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Icad

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Please see Icad Backtesting, Icad Valuation, Icad Correlation, Icad Hype Analysis, Icad Volatility, Icad History and analyze Icad Performance. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum 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...