Icon Bond Fund Market Value

IOBAX Fund  USD 8.61  0.01  0.12%   
Icon Bond's market value is the price at which a share of Icon Bond trades on a public exchange. It measures the collective expectations of Icon Bond Fund investors about its performance. Icon Bond is trading at 8.61 as of the 28th of March 2024; that is 0.12 percent up since the beginning of the trading day. The fund's open price was 8.6.
With this module, you can estimate the performance of a buy and hold strategy of Icon Bond Fund and determine expected loss or profit from investing in Icon Bond over a given investment horizon. Check out Icon Bond Correlation, Icon Bond Volatility and Icon Bond Alpha and Beta module to complement your research on Icon Bond.
Symbol

Please note, there is a significant difference between Icon Bond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icon Bond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icon Bond'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.

Icon Bond '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 Bond'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 Bond.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Icon Bond on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Icon Bond Fund or generate 0.0% return on investment in Icon Bond over 30 days. Icon Bond is related to or competes with USCF Gold, Icon Natural, Icon Natural, Icon Financial, Icon Financial, Icon Information, and Icon Information. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in a broad... More

Icon Bond 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 Bond'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 Bond Fund upside and downside potential and time the market with a certain degree of confidence.

Icon Bond Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Bond's standard deviation. In reality, there are many statistical measures that can use Icon Bond historical prices to predict the future Icon Bond's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icon Bond'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.
Hype
Prediction
LowEstimatedHigh
8.448.618.78
Details
Intrinsic
Valuation
LowRealHigh
7.737.909.47
Details
Naive
Forecast
LowNextHigh
8.458.628.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.608.618.62
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Icon Bond. Your research has to be compared to or analyzed against Icon Bond's peers to derive any actionable benefits. When done correctly, Icon Bond's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Icon Bond Fund.

Icon Bond Fund Backtested Returns

We consider Icon Bond very steady. Icon Bond Fund holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Icon Bond Fund, which you can use to evaluate the volatility of the entity. Please check out Icon Bond's Coefficient Of Variation of 430.08, risk adjusted performance of 0.1063, and Market Risk Adjusted Performance of 0.1895 to validate if the risk estimate we provide is consistent with the expected return of 0.04%. The fund retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Icon Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Icon Bond is expected to be smaller as well.

Auto-correlation

    
  0.41  

Average predictability

Icon Bond Fund has average predictability. Overlapping area represents the amount of predictability between Icon Bond time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Bond Fund price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Icon Bond price fluctuation can be explain by its past prices.
Correlation Coefficient0.41
Spearman Rank Test0.76
Residual Average0.0
Price Variance0.0

Icon Bond Fund lagged returns against current returns

Autocorrelation, which is Icon Bond 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 Bond's mutual fund expected returns. We can calculate the autocorrelation of Icon Bond returns to help us make a trade decision. For example, suppose you find that Icon Bond 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Bond 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 Bond mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Icon Bond Lagged Returns

When evaluating Icon Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Bond mutual fund have on its future price. Icon Bond 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 Bond autocorrelation shows the relationship between Icon Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Bond Fund.
   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 Bond 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 Bond's short interest history, or implied volatility extrapolated from Icon Bond options trading.

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Check out Icon Bond Correlation, Icon Bond Volatility and Icon Bond Alpha and Beta module to complement your research on Icon Bond.
Note that the Icon Bond Fund information on this page should be used as a complementary analysis to other Icon Bond's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for Icon Mutual Fund analysis

When running Icon Bond's price analysis, check to measure Icon Bond'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 Icon Bond is operating at the current time. Most of Icon Bond's value examination focuses on studying past and present price action to predict the probability of Icon Bond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icon Bond's price. Additionally, you may evaluate how the addition of Icon Bond to your portfolios can decrease your overall portfolio volatility.
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Icon Bond 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.
A focus of Icon Bond technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Icon Bond trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...