Innodata Stock Beta
| INOD Stock | USD 6.72 0.24 3.70% |
Innodata fundamentals help investors to digest information that contributes to Innodata's financial success or failures. It also enables traders to predict the movement of Innodata Stock. The fundamental analysis module provides a way to measure Innodata's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Innodata stock.
Innodata | Beta |
Innodata Company Beta Analysis
Innodata's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Innodata Beta | 1.99 |
Most of Innodata's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Innodata is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Innodata Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Innodata is extremely important. It helps to project a fair market value of Innodata Stock properly, considering its historical fundamentals such as Beta. Since Innodata's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Innodata's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Innodata's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Innodata has a Beta of 1.994. This is 88.11% higher than that of the IT Services sector and 62.11% higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Innodata Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Innodata's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Innodata could also be used in its relative valuation, which is a method of valuing Innodata by comparing valuation metrics of similar companies.Innodata is currently under evaluation in beta category among related companies.
Innodata Institutional Holders
Institutional Holdings refers to the ownership stake in Innodata that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Innodata's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Innodata's value.| Shares | Essex Investment Management Company, Llc | 2023-12-31 | 159.5 K | White Pine Capital Llc | 2023-12-31 | 130.7 K | G2 Investment Partners Management Llc | 2023-12-31 | 125 K | Stifel Financial Corp | 2023-12-31 | 86.8 K | Nuveen Asset Management, Llc | 2023-12-31 | 81.6 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 79.1 K | Jane Street Group, Llc | 2023-12-31 | 77.7 K | Bank Of New York Mellon Corp | 2023-12-31 | 73.3 K | Marshall Wace Asset Management Ltd | 2023-12-31 | 73 K | Blackrock Inc | 2023-12-31 | 1.9 M | Vanguard Group Inc | 2023-12-31 | 1.4 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Innodata will likely underperform.
Innodata Fundamentals
| Return On Equity | -0.0413 | |||
| Return On Asset | 0.0037 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | 0.08 % | |||
| Current Valuation | 184.17 M | |||
| Shares Outstanding | 28.75 M | |||
| Shares Owned By Insiders | 6.90 % | |||
| Shares Owned By Institutions | 35.93 % | |||
| Number Of Shares Shorted | 3.07 M | |||
| Price To Earning | 159.50 X | |||
| Price To Book | 7.09 X | |||
| Price To Sales | 2.10 X | |||
| Revenue | 86.78 M | |||
| Gross Profit | 29.31 M | |||
| EBITDA | 5.66 M | |||
| Net Income | (908 K) | |||
| Cash And Equivalents | 10.48 M | |||
| Cash Per Share | 0.38 X | |||
| Total Debt | 5.48 M | |||
| Debt To Equity | 0.24 % | |||
| Current Ratio | 1.29 X | |||
| Book Value Per Share | 0.89 X | |||
| Cash Flow From Operations | 5.9 M | |||
| Short Ratio | 12.73 X | |||
| Earnings Per Share | (0.03) X | |||
| Target Price | 5.0 | |||
| Number Of Employees | 4.3 K | |||
| Beta | 1.99 | |||
| Market Capitalization | 193.22 M | |||
| Total Asset | 59.43 M | |||
| Retained Earnings | (9.68 M) | |||
| Working Capital | 9.14 M | |||
| Current Asset | 37.34 M | |||
| Current Liabilities | 12.38 M | |||
| Net Asset | 59.43 M |
About Innodata Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innodata's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innodata using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innodata based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Innodata in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Innodata's short interest history, or implied volatility extrapolated from Innodata options trading.
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Try AI Portfolio ArchitectCheck out Innodata Piotroski F Score and Innodata Altman Z Score analysis. For information on how to trade Innodata Stock refer to our How to Trade Innodata Stock guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Innodata Stock analysis
When running Innodata's price analysis, check to measure Innodata'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 Innodata is operating at the current time. Most of Innodata's value examination focuses on studying past and present price action to predict the probability of Innodata's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innodata's price. Additionally, you may evaluate how the addition of Innodata to your portfolios can decrease your overall portfolio volatility.
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Is Innodata'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 Innodata. If investors know Innodata 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 Innodata 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 176.778 | Earnings Share (0.03) | Revenue Per Share 3.085 | Quarterly Revenue Growth 0.348 | Return On Assets 0.0037 |
The market value of Innodata is measured differently than its book value, which is the value of Innodata that is recorded on the company's balance sheet. Investors also form their own opinion of Innodata's value that differs from its market value or its book value, called intrinsic value, which is Innodata'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 Innodata's market value can be influenced by many factors that don't directly affect Innodata'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 Innodata's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innodata is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innodata'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.