Idacorp Stock Alpha and Beta Analysis
| IDA Stock | USD 118.80 0.84 0.71% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as IDACORP. It also helps investors analyze the systematic and unsystematic risks associated with investing in IDACORP over a specified time horizon. Remember, high IDACORP'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. Key technical indicators related to IDACORP's market risk premium analysis include:
Beta 0.34 | Alpha 0.19 | Risk 1.02 | Sharpe Ratio 0.26 | Expected Return 0.26 |
IDACORP Quarterly Cash And Equivalents |
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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.
IDACORP |
IDACORP Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. IDACORP market risk premium is the additional return an investor will receive from holding IDACORP 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 IDACORP. 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 IDACORP's performance over market.| α | 0.19 | β | 0.34 |
IDACORP 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 IDACORP's Buy-and-hold return. Our buy-and-hold chart shows how IDACORP performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.IDACORP Market Price Analysis
Market price analysis indicators help investors to evaluate how IDACORP stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IDACORP shares will generate the highest return on investment. By understating and applying IDACORP stock market price indicators, traders can identify IDACORP position entry and exit signals to maximize returns.
IDACORP Return and Market Media
The median price of IDACORP for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 102.65 with a coefficient of variation of 5.51. The daily time series for the period is distributed with a sample standard deviation of 5.77, arithmetic mean of 104.85, and mean deviation of 4.37. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
| IDACORP dividend paid on 30th of August 2024 | 08/30/2024 |
1 | Slowing Rates Of Return At IDACORP Leave Little Room For Excitement | 09/19/2024 |
2 | Acquisition by Mitch Colburn of 1442 shares of IDACORP subject to Rule 16b-3 | 10/11/2024 |
3 | Why Verizon, WEC Energy And IDACORP Are Winners For Passive Income | 10/16/2024 |
4 | IdaCorp Earnings Expected to Grow What to Know Ahead of Next Weeks Release | 10/24/2024 |
5 | Disposition of 702 shares by Mitch Colburn of IDACORP at 88.67 subject to Rule 16b-3 | 10/29/2024 |
6 | IDACORP GAAP EPS of 2.12 | 10/31/2024 |
7 | Q3 2024 Idacorp Inc Earnings Call Transcript | 11/01/2024 |
8 | IDACORP Will Pay A Larger Dividend Than Last Year At 0.86 | 11/05/2024 |
9 | Leeward Investments LLC MA Decreases Position in IDACORP, Inc. | 11/07/2024 |
10 | IDACORP Earns Technical Rating Upgrade | 11/11/2024 |
11 | Jefferies cautious on IDACORP stock premium despite positive fundamentals | 11/18/2024 |
12 | Heres Why IdaCorp is a Strong Momentum Stock | 11/19/2024 |
About IDACORP 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 financial instruments including IDACORP or other stocks. Alpha measures the amount that position in IDACORP 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0255 | 0.0282 | 0.0328 | 0.0452 | Price To Sales Ratio | 3.93 | 3.32 | 2.82 | 1.69 |
IDACORP Upcoming Company Events
As portrayed in its financial statements, the presentation of IDACORP's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, IDACORP's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of IDACORP's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of IDACORP. Please utilize our Beneish M Score to check the likelihood of IDACORP's management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with IDACORP
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out IDACORP Backtesting, IDACORP Valuation, IDACORP Correlation, IDACORP Hype Analysis, IDACORP Volatility, IDACORP History and analyze IDACORP Performance. For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
IDACORP 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.