Interdigital Stock Market Value
| IDCC Stock | USD 196.43 0.45 0.23% |
| Symbol | InterDigital |
InterDigital Price To Book Ratio
Is Communications Equipment 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 InterDigital. If investors know InterDigital 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 InterDigital 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 (0.34) | Dividend Share 1.65 | Earnings Share 9.27 | Revenue Per Share 28.417 | Quarterly Revenue Growth (0.08) |
The market value of InterDigital is measured differently than its book value, which is the value of InterDigital that is recorded on the company's balance sheet. Investors also form their own opinion of InterDigital's value that differs from its market value or its book value, called intrinsic value, which is InterDigital'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 InterDigital's market value can be influenced by many factors that don't directly affect InterDigital'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 InterDigital's value and its price as these two are different measures arrived at by different means. Investors typically determine if InterDigital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InterDigital'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.
InterDigital '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 InterDigital'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 InterDigital.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in InterDigital on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding InterDigital or generate 0.0% return on investment in InterDigital over 30 days. InterDigital is related to or competes with KT, Cable One, Ooma, Liberty Broadband, ATN International, Consolidated Communications, and Cogent Communications. InterDigital, Inc., together with its subsidiaries, designs and develops technologies that enable and enhance wireless c... More
InterDigital 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 InterDigital'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 InterDigital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.2455 | |||
| Maximum Drawdown | 12.59 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.83 |
InterDigital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for InterDigital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as InterDigital's standard deviation. In reality, there are many statistical measures that can use InterDigital historical prices to predict the future InterDigital's volatility.| Risk Adjusted Performance | 0.2445 | |||
| Jensen Alpha | 0.4413 | |||
| Total Risk Alpha | 0.2967 | |||
| Sortino Ratio | 0.374 | |||
| Treynor Ratio | 0.4718 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of InterDigital'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.
InterDigital Backtested Returns
InterDigital appears to be very steady, given 3 months investment horizon. InterDigital holds Efficiency (Sharpe) Ratio of 0.32, which attests that the entity had a 0.32% return per unit of risk over the last 3 months. By evaluating InterDigital's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize InterDigital's Downside Deviation of 1.25, risk adjusted performance of 0.2445, and Market Risk Adjusted Performance of 0.4818 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, InterDigital holds a performance score of 25. The company retains a Market Volatility (i.e., Beta) of 1.24, 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, InterDigital will likely underperform. Please check InterDigital's treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether InterDigital's current trending patterns will revert.
Auto-correlation | 0.86 |
Very good predictability
InterDigital has very good predictability. Overlapping area represents the amount of predictability between InterDigital time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 InterDigital price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current InterDigital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 39.04 |
InterDigital lagged returns against current returns
Autocorrelation, which is InterDigital 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 InterDigital's stock expected returns. We can calculate the autocorrelation of InterDigital returns to help us make a trade decision. For example, suppose you find that InterDigital 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 |
InterDigital 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 InterDigital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if InterDigital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in InterDigital stock over time.
Current vs Lagged Prices |
| Timeline |
InterDigital Lagged Returns
When evaluating InterDigital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of InterDigital stock have on its future price. InterDigital 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, InterDigital autocorrelation shows the relationship between InterDigital stock current value and its past values and can show if there is a momentum factor associated with investing in InterDigital.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether InterDigital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of InterDigital's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Interdigital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Interdigital Stock:Check out InterDigital Correlation, InterDigital Volatility and InterDigital Alpha and Beta module to complement your research on InterDigital. For information on how to trade InterDigital Stock refer to our How to Trade InterDigital Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
InterDigital 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.