Icon Plc Stock Market Value
| ICLR Stock | USD 309.02 6.12 1.94% |
| Symbol | ICON |
ICON PLC Price To Book Ratio
Is ICON PLC'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 ICON PLC. If investors know ICON 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 ICON PLC 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 0.596 | Earnings Share 8.23 | Revenue Per Share 100.023 | Quarterly Revenue Growth 0.057 | Return On Assets 0.0401 |
The market value of ICON PLC is measured differently than its book value, which is the value of ICON that is recorded on the company's balance sheet. Investors also form their own opinion of ICON PLC's value that differs from its market value or its book value, called intrinsic value, which is ICON PLC'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 ICON PLC's market value can be influenced by many factors that don't directly affect ICON PLC'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 ICON PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICON PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICON PLC'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.
ICON PLC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ICON PLC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ICON PLC.
| 08/11/2023 |
| 05/07/2024 |
If you would invest 0.00 in ICON PLC on August 11, 2023 and sell it all today you would earn a total of 0.00 from holding ICON PLC or generate 0.0% return on investment in ICON PLC over 270 days. ICON PLC is related to or competes with Nuvation Bio, Lyell Immunopharma, Century Therapeutics, Generation BioCo, Shattuck LabsInc, Foghorn TherapeuticsInc, and Monte Rosa. ICON Public Limited Company, a clinical research organization, provides outsourced development and commercialization ser... More
ICON PLC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ICON PLC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ICON PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.0983 | |||
| Maximum Drawdown | 13.1 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.86 |
ICON PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICON PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICON PLC's standard deviation. In reality, there are many statistical measures that can use ICON PLC historical prices to predict the future ICON PLC's volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.2106 | |||
| Total Risk Alpha | 0.0527 | |||
| Sortino Ratio | 0.1403 | |||
| Treynor Ratio | 0.3081 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICON PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ICON PLC Backtested Returns
ICON PLC appears to be very steady, given 3 months investment horizon. ICON PLC holds Efficiency (Sharpe) Ratio of 0.12, which attests that the company had a 0.12% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ICON PLC, which you can use to evaluate the volatility of the entity. Please utilize ICON PLC's semi deviation of 1.21, and Market Risk Adjusted Performance of 0.3181 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ICON PLC holds a performance score of 9. The firm retains a Market Volatility (i.e., Beta) of 0.87, which attests to possible diversification benefits within a given portfolio. ICON PLC returns are very sensitive to returns on the market. As the market goes up or down, ICON PLC is expected to follow. Please check ICON PLC's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether ICON PLC's current trending patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
ICON PLC has weak reverse predictability. Overlapping area represents the amount of predictability between ICON PLC time series from 11th of August 2023 to 24th of December 2023 and 24th of December 2023 to 7th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ICON PLC price movement. The serial correlation of -0.23 indicates that over 23.0% of current ICON PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 751.99 |
ICON PLC lagged returns against current returns
Autocorrelation, which is ICON PLC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ICON PLC's stock expected returns. We can calculate the autocorrelation of ICON PLC returns to help us make a trade decision. For example, suppose you find that ICON PLC has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ICON PLC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ICON PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICON PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICON PLC stock over time.
Current vs Lagged Prices |
| Timeline |
ICON PLC Lagged Returns
When evaluating ICON PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICON PLC stock have on its future price. ICON PLC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ICON PLC autocorrelation shows the relationship between ICON PLC stock current value and its past values and can show if there is a momentum factor associated with investing in ICON PLC.
Regressed Prices |
| Timeline |
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Complementary Tools for ICON Stock analysis
When running ICON PLC's price analysis, check to measure ICON PLC'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 ICON PLC is operating at the current time. Most of ICON PLC's value examination focuses on studying past and present price action to predict the probability of ICON PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICON PLC's price. Additionally, you may evaluate how the addition of ICON PLC to your portfolios can decrease your overall portfolio volatility.
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ICON PLC 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.