Icon Bond Fund Price on October 3, 2023
| IOBAX Fund | USD 8.50 0.01 0.12% |
Below is the normalized historical share price chart for Icon Bond Fund extending back to September 30, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Icon Bond stands at 8.50, as last reported on the 29th of April, with the highest price reaching 8.50 and the lowest price hitting 8.50 during the day.
If you're considering investing in Icon Mutual Fund, it is important to understand the factors that can impact its price. We consider Icon Bond out of control. Icon Bond Fund holds Efficiency (Sharpe) Ratio of 0.0692, which attests that the entity had a 0.0692% 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 Downside Deviation of 0.2588, risk adjusted performance of 0.0366, and Market Risk Adjusted Performance of 0.0536 to validate if the risk estimate we provide is consistent with the expected return of 0.0133%.
Icon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Icon |
Sharpe Ratio = 0.0692
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | IOBAX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Icon Bond is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Icon Bond by adding it to a well-diversified portfolio.
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Icon Bond Valuation on October 3, 2023
It is possible to determine the worth of Icon Bond on a given historical date. On October 3, 2023 Icon was worth 8.21 at the beginning of the trading date compared to the closed value of 7.99. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Icon Bond mutual fund. Still, in general, we apply an absolute valuation method to find Icon Bond's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Icon Bond where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Icon Bond's related companies.
| Open | High | Low | Close | Volume | |
| 8.25 | 8.25 | 8.02 | 8.02 | 1.00 | |
10/03/2023 | 8.21 | 8.21 | 7.99 | 7.99 | 1.00 |
| 8.21 | 8.21 | 7.99 | 7.99 | 1.00 |
| Backtest Icon Bond | | | Icon Bond History | | | Icon Bond Valuation | Previous | Next |
Icon Bond Trading Date Momentum on October 3, 2023
| On October 04 2023 Icon Bond Fund was traded for 7.99 at the closing time. The highest daily price throughout the period was 8.21 and the lowest price was 7.99 . There was no trading activity during the period 1.0. Lack of trading volume on 10/04/2023 did not cause price change. The trading delta at closing time to current closing price is 3.50% . |
Icon Bond Fund Fundamentals Correlations and Trends
By evaluating Icon Bond's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Icon Bond's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Icon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Icon Bond Mutual Fund history
Icon Bond investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Icon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Icon Bond Fund will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Icon Bond stock prices may prove useful in developing a viable investing in Icon Bond
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in a broad range of U.S. dollar-denominated fixed income products. These include corporate bonds, notes and debentures, and closed-end funds that invest at least 80 percent of their assets in fixed income securities, as well as U.S. government and agency securities.
Icon Bond Mutual Fund Technical Analysis
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.
Price Boundaries
Icon Bond Period Price Range
Low | October 3, 2023
| High |
8.21 | 7.99 |
Icon Bond April 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Icon Bond mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icon Bond shares will generate the highest return on investment. By undertsting and applying Icon Bond mutual fund market strength indicators, traders can identify Icon Bond Fund entry and exit signals to maximize returns
Icon Bond Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Icon Bond's price direction in advance. Along with the technical and fundamental analysis of Icon Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Icon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0366 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 0.0436 |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icon Bond Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.