Icici Bank Limited Stock Price on February 23, 2024
| IBN Stock | USD 26.53 0.07 0.26% |
Below is the normalized historical share price chart for ICICI Bank Limited extending back to March 28, 2000. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of ICICI Bank stands at 26.53, as last reported on the 29th of April, with the highest price reaching 26.67 and the lowest price hitting 26.49 during the day.
If you're considering investing in ICICI Stock, it is important to understand the factors that can impact its price. We consider ICICI Bank very steady. ICICI Bank Limited holds Efficiency (Sharpe) Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ICICI Bank Limited, which you can use to evaluate the volatility of the entity. Please check out ICICI Bank's semi deviation of 0.9232, and Downside Deviation of 1.15 to validate if the risk estimate we provide is consistent with the expected return of 0.14%.
At this time, ICICI Bank's Total Stockholder Equity is very stable compared to the past year. As of the 29th of April 2024, Common Stock Total Equity is likely to grow to about 16.7 B, while Common Stock Shares Outstanding is likely to drop about 2.8 B. . At this time, ICICI Bank's Price Sales Ratio is very stable compared to the past year. ICICI Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 22nd of September 1999 | 200 Day MA 24.065 | 50 Day MA 25.9224 | Beta 0.814 |
ICICI |
Sharpe Ratio = 0.1118
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Estimated Market Risk
| 1.26 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average ICICI Bank is performing at about 8% 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 ICICI Bank by adding it to a well-diversified portfolio.
Price Book 3.1398 | Price Sales 0.0674 | Shares Float 7 B | Wall Street Target Price 31.15 | Earnings Share 1.43 |
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ICICI Bank Valuation on February 23, 2024
It is possible to determine the worth of ICICI Bank on a given historical date. On February 23, 2024 ICICI was worth 25.79 at the beginning of the trading date compared to the closed value of 25.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ICICI Bank stock. Still, in general, we apply an absolute valuation method to find ICICI Bank's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of ICICI Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ICICI Bank's related companies.
| Open | High | Low | Close | Volume | |
| 25.59 | 25.98 | 25.58 | 25.96 | 5,350,683 | |
02/23/2024 | 25.79 | 25.84 | 25.57 | 25.63 | 4,745,485 |
| 25.49 | 25.61 | 25.35 | 25.53 | 4,407,713 |
| Backtest ICICI Bank | | | ICICI Bank History | | | ICICI Bank Valuation | Previous | Next |
ICICI Bank Trading Date Momentum on February 23, 2024
| On February 26 2024 ICICI Bank Limited was traded for 25.53 at the closing time. Highest ICICI Bank's price during the trading hours was 25.61 and the lowest price during the day was 25.35 . The net volume was 4.4 M. The overall trading history on the 26th of February contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.39% . The trading delta at closing time to current price is 2.81% . |
ICICI Bank Limited Fundamentals Correlations and Trends
By evaluating ICICI Bank's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ICICI Bank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ICICI financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ICICI Bank Stock history
ICICI Bank investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for ICICI is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ICICI Bank Limited will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing ICICI Bank stock prices may prove useful in developing a viable investing in ICICI Bank
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.1 B | 2.8 B | |
| Net Income Applicable To Common Shares | 391.4 B | 411 B |
ICICI Bank Stock Technical Analysis
ICICI Bank 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.
Price Boundaries
ICICI Bank Period Price Range
Low | February 23, 2024
| High |
25.79 | 25.63 |
ICICI Bank April 29, 2024 Market Strength
Market strength indicators help investors to evaluate how ICICI Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ICICI Bank shares will generate the highest return on investment. By undertsting and applying ICICI Bank stock market strength indicators, traders can identify ICICI Bank Limited entry and exit signals to maximize returns
| Accumulation Distribution | 49585.18 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 25.71 | |||
| Day Typical Price | 25.68 | |||
| Price Action Indicator | (0.16) | |||
| Period Momentum Indicator | 0.9 |
ICICI Bank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ICICI Bank's price direction in advance. Along with the technical and fundamental analysis of ICICI Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ICICI to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0926 | |||
| Jensen Alpha | 0.1103 | |||
| Total Risk Alpha | 0.0068 | |||
| Sortino Ratio | 0.0753 | |||
| Treynor Ratio | 0.2373 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICICI Bank Limited. 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 ICICI Bank Limited information on this page should be used as a complementary analysis to other ICICI Bank'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for ICICI Stock analysis
When running ICICI Bank's price analysis, check to measure ICICI Bank'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 ICICI Bank is operating at the current time. Most of ICICI Bank's value examination focuses on studying past and present price action to predict the probability of ICICI Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICICI Bank's price. Additionally, you may evaluate how the addition of ICICI Bank to your portfolios can decrease your overall portfolio volatility.
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| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |
Is ICICI Bank'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 ICICI Bank. If investors know ICICI 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 ICICI Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.185 | Earnings Share 1.43 | Revenue Per Share 451.81 | Quarterly Revenue Growth 0.776 | Return On Assets 0.0213 |
The market value of ICICI Bank Limited is measured differently than its book value, which is the value of ICICI that is recorded on the company's balance sheet. Investors also form their own opinion of ICICI Bank's value that differs from its market value or its book value, called intrinsic value, which is ICICI Bank'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 ICICI Bank's market value can be influenced by many factors that don't directly affect ICICI Bank'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 ICICI Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICICI Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICICI Bank'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.