Icecure Medical Stock Volatility
| ICCM Stock | USD 0.83 0.04 5.06% |
Icecure Medical appears to be extremely dangerous, given 3 months investment horizon. Icecure Medical holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. By evaluating Icecure Medical's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Icecure Medical's Mean Deviation of 3.5, risk adjusted performance of 0.0574, and Coefficient Of Variation of 1565.75 to validate if our risk estimates are consistent with your expectations. Key indicators related to Icecure Medical's volatility include:
180 Days Market Risk | Chance Of Distress | 180 Days Economic Sensitivity |
Icecure Medical Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Icecure daily returns, and it is calculated using variance and standard deviation. We also use Icecure's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Icecure Medical volatility.
Icecure |
Icecure Medical Stock Volatility Analysis
Volatility refers to the frequency at which Icecure Medical stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Icecure Medical's price changes. Investors will then calculate the volatility of Icecure Medical's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Icecure Medical's volatility:
Historical Volatility
This type of stock volatility measures Icecure Medical's fluctuations based on previous trends. It's commonly used to predict Icecure Medical's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Icecure Medical's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Icecure Medical's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Icecure Medical Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Icecure Medical Projected Return Density Against Market
Given the investment horizon of 90 days Icecure Medical has a beta that is very close to zero . This usually indicates the returns on DOW JONES INDUSTRIAL and Icecure Medical do not appear to be highly reactive.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Icecure Medical or Health Care Equipment & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Icecure Medical's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Icecure stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
It does not look like Icecure Medical's alpha can have any bearing on the current valuation. Predicted Return Density |
| Returns |
What Drives an Icecure Medical Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Icecure Medical Stock Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Icecure Medical is 985.86. The daily returns are distributed with a variance of 28.63 and standard deviation of 5.35. The mean deviation of Icecure Medical is currently at 3.62. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 0.00 | |
β | Beta against Dow Jones | 0.00 | |
σ | Overall volatility | 5.35 | |
Ir | Information ratio | 0.04 |
Icecure Medical Stock Return Volatility
Icecure Medical historical daily return volatility represents how much of Icecure Medical stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 5.3511% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7734% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Icecure Medical Volatility
Volatility is a rate at which the price of Icecure Medical or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Icecure Medical may increase or decrease. In other words, similar to Icecure's beta indicator, it measures the risk of Icecure Medical and helps estimate the fluctuations that may happen in a short period of time. So if prices of Icecure Medical fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.| Last Reported | Projected for Next Year | ||
| Selling And Marketing Expenses | 4.4 M | 4.7 M | |
| Market Cap | 48.8 M | 46.4 M |
Icecure Medical's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Icecure Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Icecure Medical's price varies over time.
3 ways to utilize Icecure Medical's volatility to invest better
Higher Icecure Medical's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Icecure Medical stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Icecure Medical stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Icecure Medical investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Icecure Medical's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Icecure Medical's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Icecure Medical Investment Opportunity
Icecure Medical has a volatility of 5.35 and is 6.95 times more volatile than Dow Jones Industrial. Compared to the overall equity markets, volatility of historical daily returns of Icecure Medical is lower than 47 percent of all global equities and portfolios over the last 90 days. You can use Icecure Medical to enhance the returns of your portfolios. The stock experiences a very speculative upward sentiment. Check odds of Icecure Medical to be traded at $1.0375 in 90 days.Icecure Medical Additional Risk Indicators
The analysis of Icecure Medical's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Icecure Medical's investment and either accepting that risk or mitigating it. Along with some common measures of Icecure Medical stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0574 | |||
| Mean Deviation | 3.5 | |||
| Semi Deviation | 3.54 | |||
| Downside Deviation | 4.42 | |||
| Coefficient Of Variation | 1565.75 | |||
| Standard Deviation | 5.3 | |||
| Variance | 28.09 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Icecure Medical Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Icecure Medical as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Icecure Medical's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Icecure Medical's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Icecure Medical.
When determining whether Icecure Medical is a strong investment it is important to analyze Icecure Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Icecure Medical's future performance. For an informed investment choice regarding Icecure Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icecure Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Icecure Stock, please use our How to Invest in Icecure Medical guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Health Care Equipment & Supplies 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 Icecure Medical. If investors know Icecure 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 Icecure Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 0.071 | Quarterly Revenue Growth 0.079 | Return On Assets (0.47) | Return On Equity (0.94) |
The market value of Icecure Medical is measured differently than its book value, which is the value of Icecure that is recorded on the company's balance sheet. Investors also form their own opinion of Icecure Medical's value that differs from its market value or its book value, called intrinsic value, which is Icecure Medical'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 Icecure Medical's market value can be influenced by many factors that don't directly affect Icecure Medical'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 Icecure Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icecure Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icecure Medical'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.