Iczoom Group Class Stock Market Value
| IZM Stock | 2.30 0.00 0.00% |
| Symbol | ICZOOM |
ICZOOM Group Class Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 ICZOOM Group. If investors know ICZOOM 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 ICZOOM Group 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 (0.50) | Earnings Share (0.22) | Revenue Per Share 17.084 | Quarterly Revenue Growth (0.04) | Return On Assets (0.01) |
The market value of ICZOOM Group Class is measured differently than its book value, which is the value of ICZOOM that is recorded on the company's balance sheet. Investors also form their own opinion of ICZOOM Group's value that differs from its market value or its book value, called intrinsic value, which is ICZOOM Group'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 ICZOOM Group's market value can be influenced by many factors that don't directly affect ICZOOM Group'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 ICZOOM Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICZOOM Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICZOOM Group'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.
ICZOOM Group '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 ICZOOM Group'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 ICZOOM Group.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in ICZOOM Group on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding ICZOOM Group Class or generate 0.0% return on investment in ICZOOM Group over 30 days. ICZOOM Group is related to or competes with Park Hotels, Western Digital, Digi International, Meliá Hotels, Asure Software, and Wingstop. ICZOOM Group is entity of United States. It is traded as Stock on NASDAQ exchange. More
ICZOOM Group 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 ICZOOM Group'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 ICZOOM Group Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.51 | |||
| Information Ratio | 0.0108 | |||
| Maximum Drawdown | 24.0 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 4.52 |
ICZOOM Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICZOOM Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICZOOM Group's standard deviation. In reality, there are many statistical measures that can use ICZOOM Group historical prices to predict the future ICZOOM Group's volatility.| Risk Adjusted Performance | 0.0392 | |||
| Jensen Alpha | 0.0223 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0087 | |||
| Treynor Ratio | 0.1185 |
ICZOOM Group Class Backtested Returns
As of now, ICZOOM Stock is very risky. ICZOOM Group Class holds Efficiency (Sharpe) Ratio of 0.0386, which attests that the company had a 0.0386% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for ICZOOM Group Class, which you can use to evaluate the volatility of the entity. Please check out ICZOOM Group's mean deviation of 2.49, and Semi Deviation of 4.17 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. ICZOOM Group has a performance score of 3 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of 1.17, 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, ICZOOM Group will likely underperform. ICZOOM Group Class currently retains a risk of 3.68%. Please check out ICZOOM Group treynor ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if ICZOOM Group will be following its current trending patterns.
Auto-correlation | 0.60 |
Good predictability
ICZOOM Group Class has good predictability. Overlapping area represents the amount of predictability between ICZOOM Group time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 ICZOOM Group Class price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current ICZOOM Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ICZOOM Group Class lagged returns against current returns
Autocorrelation, which is ICZOOM Group 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 ICZOOM Group's stock expected returns. We can calculate the autocorrelation of ICZOOM Group returns to help us make a trade decision. For example, suppose you find that ICZOOM Group 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 |
ICZOOM Group 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 ICZOOM Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICZOOM Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICZOOM Group stock over time.
Current vs Lagged Prices |
| Timeline |
ICZOOM Group Lagged Returns
When evaluating ICZOOM Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICZOOM Group stock have on its future price. ICZOOM Group 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, ICZOOM Group autocorrelation shows the relationship between ICZOOM Group stock current value and its past values and can show if there is a momentum factor associated with investing in ICZOOM Group Class.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out ICZOOM Group Correlation, ICZOOM Group Volatility and ICZOOM Group Alpha and Beta module to complement your research on ICZOOM Group. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
ICZOOM Group 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.