Icon Plc Stock Market Value
| ICLR Stock | USD 203.90 8.37 3.94% |
| Symbol | ICON |
ICON PLC Price To Book Ratio
Is Life Sciences Tools & Services space 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 0.198 | Earnings Share 8.99 | Revenue Per Share 100.52 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0417 |
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.
| 05/23/2023 |
| 11/13/2024 |
If you would invest 0.00 in ICON PLC on May 23, 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 540 days. ICON PLC is related to or competes with Natera, Caredx, Illumina, Twist Bioscience, Agilent Technologies, Thermo Fisher, and Danaher. 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.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 24.5 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 3.41 |
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 | (0.12) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (1.19) | |||
| Treynor Ratio | (0.49) |
ICON PLC Backtested Returns
ICON PLC holds Efficiency (Sharpe) Ratio of -0.2, which attests that the company had a -0.2% return per unit of volatility over the last 3 months. ICON PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ICON PLC's market risk adjusted performance of (0.48), and Coefficient Of Variation of (603.97) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 1.1, which attests to a somewhat significant risk relative to the market. ICON PLC returns are very sensitive to returns on the market. As the market goes up or down, ICON PLC is expected to follow. At this point, ICON PLC has a negative expected return of -0.65%. Please make sure to check out ICON PLC's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if ICON PLC performance from the past will be repeated in the future.
Auto-correlation | -0.52 |
Good reverse predictability
ICON PLC has good reverse predictability. Overlapping area represents the amount of predictability between ICON PLC time series from 23rd of May 2023 to 17th of February 2024 and 17th of February 2024 to 13th of November 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 -0.52 indicates that about 52.0% of current ICON PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 863.98 |
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 |
Pair Trading with ICON PLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ICON PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ICON PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with ICON Stock
Moving against ICON Stock
| 0.82 | DRUG | Bright Minds Biosciences | PairCorr |
| 0.7 | VERA | Vera Therapeutics | PairCorr |
| 0.65 | VCYT | Veracyte | PairCorr |
| 0.57 | VERV | Verve Therapeutics Sell-off Trend | PairCorr |
| 0.53 | DMAC | DiaMedica Therapeutics | PairCorr |
The ability to find closely correlated positions to ICON PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ICON PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ICON PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ICON PLC to buy it.
The correlation of ICON PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ICON PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ICON PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ICON PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional 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.