Icon Information Technology Fund Market Value
| ICTTX Fund | USD 13.77 0.01 0.07% |
| Symbol | Icon |
Icon Information '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 Icon Information's mutual fund 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 Icon Information.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Icon Information on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Icon Information Technology or generate 0.0% return on investment in Icon Information over 30 days. Icon Information is related to or competes with Jennison Natural, Firsthand Alternative, Franklin Natural, Hennessy, and Fidelity Advisor. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Icon Information 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 Icon Information's mutual fund 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 Icon Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9186 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.42 |
Icon Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Information's standard deviation. In reality, there are many statistical measures that can use Icon Information historical prices to predict the future Icon Information's volatility.| Risk Adjusted Performance | 0.0244 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0177 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icon Information'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.
Icon Information Tec Backtested Returns
We consider Icon Information very steady. Icon Information Tec holds Efficiency (Sharpe) Ratio of 0.0317, which attests that the entity had a 0.0317% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Icon Information Tec, which you can use to evaluate the volatility of the entity. Please check out Icon Information's Risk Adjusted Performance of 0.0244, downside deviation of 0.9186, and Market Risk Adjusted Performance of 0.0277 to validate if the risk estimate we provide is consistent with the expected return of 0.0284%. The fund retains a Market Volatility (i.e., Beta) of 1.16, 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, Icon Information will likely underperform.
Auto-correlation | 0.47 |
Average predictability
Icon Information Technology has average predictability. Overlapping area represents the amount of predictability between Icon Information time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Icon Information Tec price movement. The serial correlation of 0.47 indicates that about 47.0% of current Icon Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Icon Information Tec lagged returns against current returns
Autocorrelation, which is Icon Information mutual fund'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 Icon Information's mutual fund expected returns. We can calculate the autocorrelation of Icon Information returns to help us make a trade decision. For example, suppose you find that Icon Information has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Icon Information 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 Icon Information mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Information mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icon Information mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Icon Information Lagged Returns
When evaluating Icon Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Information mutual fund have on its future price. Icon Information 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, Icon Information autocorrelation shows the relationship between Icon Information mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Information Technology.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Icon Information in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Icon Information's short interest history, or implied volatility extrapolated from Icon Information options trading.
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Try AI Portfolio ArchitectCheck out Icon Information Correlation, Icon Information Volatility and Icon Information Alpha and Beta module to complement your research on Icon Information. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Icon Information technical mutual fund 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, fund market cycles, or different charting patterns.