Icoreconnect Common Stock Stock Market Value
| ICCT Stock | USD 0.17 0.01 5.56% |
| Symbol | ICoreConnect |
iCoreConnect Common stock Price To Book Ratio
Is Health Care Technology 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 ICoreConnect Common. If investors know ICoreConnect 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 ICoreConnect Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.16) | Revenue Per Share 1.116 | Quarterly Revenue Growth 0.664 | Return On Assets (0.66) | Return On Equity (10.42) |
The market value of iCoreConnect Common stock is measured differently than its book value, which is the value of ICoreConnect that is recorded on the company's balance sheet. Investors also form their own opinion of ICoreConnect Common's value that differs from its market value or its book value, called intrinsic value, which is ICoreConnect Common'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 ICoreConnect Common's market value can be influenced by many factors that don't directly affect ICoreConnect Common'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 ICoreConnect Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICoreConnect Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICoreConnect Common'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.
ICoreConnect Common '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 ICoreConnect Common'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 ICoreConnect Common.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ICoreConnect Common on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding iCoreConnect Common stock or generate 0.0% return on investment in ICoreConnect Common over 30 days. ICoreConnect Common is related to or competes with So Young, Evolent Health, MSP Recovery, Healthcare Integrated, Cogstate, Mitesco, and EGF Theramed. iCoreConnect Inc., a cloud-based software and technology company, provides cloud-based software products for the healthc... More
ICoreConnect Common 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 ICoreConnect Common'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 iCoreConnect Common stock upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 93.33 | |||
| Value At Risk | (18.60) | |||
| Potential Upside | 8.33 |
ICoreConnect Common Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICoreConnect Common's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICoreConnect Common's standard deviation. In reality, there are many statistical measures that can use ICoreConnect Common historical prices to predict the future ICoreConnect Common's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.53) | |||
| Total Risk Alpha | (3.16) | |||
| Treynor Ratio | (0.64) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICoreConnect Common'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.
iCoreConnect Common stock Backtested Returns
iCoreConnect Common stock holds Efficiency (Sharpe) Ratio of -0.0899, which attests that the company had a -0.0899% return per unit of risk over the last 3 months. iCoreConnect Common stock exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ICoreConnect Common's Market Risk Adjusted Performance of (0.63), coefficient of variation of (899.96), and Standard Deviation of 11.34 to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 2.0, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ICoreConnect Common will likely underperform. At this point, iCoreConnect Common stock has a negative expected return of -1.04%. Please make sure to check out ICoreConnect Common's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if iCoreConnect Common stock performance from the past will be repeated at some future point.
Auto-correlation | 0.58 |
Modest predictability
iCoreConnect Common stock has modest predictability. Overlapping area represents the amount of predictability between ICoreConnect Common time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 iCoreConnect Common stock price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current ICoreConnect Common price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
iCoreConnect Common stock lagged returns against current returns
Autocorrelation, which is ICoreConnect Common 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 ICoreConnect Common's stock expected returns. We can calculate the autocorrelation of ICoreConnect Common returns to help us make a trade decision. For example, suppose you find that ICoreConnect Common 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 |
ICoreConnect Common 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 ICoreConnect Common stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICoreConnect Common stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICoreConnect Common stock over time.
Current vs Lagged Prices |
| Timeline |
ICoreConnect Common Lagged Returns
When evaluating ICoreConnect Common's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICoreConnect Common stock have on its future price. ICoreConnect Common 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, ICoreConnect Common autocorrelation shows the relationship between ICoreConnect Common stock current value and its past values and can show if there is a momentum factor associated with investing in iCoreConnect Common stock.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for ICoreConnect Stock Analysis
When running ICoreConnect Common's price analysis, check to measure ICoreConnect Common'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 ICoreConnect Common is operating at the current time. Most of ICoreConnect Common's value examination focuses on studying past and present price action to predict the probability of ICoreConnect Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICoreConnect Common's price. Additionally, you may evaluate how the addition of ICoreConnect Common to your portfolios can decrease your overall portfolio volatility.