Icon Financial Fund Market Value
| ICFAX Fund | USD 10.76 0.03 0.28% |
| Symbol | Icon |
Icon Financial '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 Financial'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 Financial.
| 05/09/2024 |
| 06/08/2024 |
If you would invest 0.00 in Icon Financial on May 9, 2024 and sell it all today you would earn a total of 0.00 from holding Icon Financial Fund or generate 0.0% return on investment in Icon Financial over 30 days. Icon Financial is related to or competes with Icon Bond, Icon Bond, Icon Equity, Icon Longshort, Icon Longshort, Icon Natural, and Icon Natural. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Icon Financial 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 Financial'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 Financial Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8616 | |||
| Information Ratio | 0.0068 | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.16 |
Icon Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Financial's standard deviation. In reality, there are many statistical measures that can use Icon Financial historical prices to predict the future Icon Financial's volatility.| Risk Adjusted Performance | 0.0202 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | 0.0034 | |||
| Sortino Ratio | 0.0062 | |||
| Treynor Ratio | 0.0125 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icon Financial'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 Financial Backtested Returns
We consider Icon Financial very steady. Icon Financial holds Efficiency (Sharpe) Ratio of 0.0205, which attests that the entity had a 0.0205% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Icon Financial, which you can use to evaluate the volatility of the entity. Please check out Icon Financial's Risk Adjusted Performance of 0.0202, downside deviation of 0.8616, and Market Risk Adjusted Performance of 0.0225 to validate if the risk estimate we provide is consistent with the expected return of 0.0165%. The fund retains a Market Volatility (i.e., Beta) of 1.03, which attests to a somewhat significant risk relative to the market. Icon Financial returns are very sensitive to returns on the market. As the market goes up or down, Icon Financial is expected to follow.
Auto-correlation | 0.48 |
Average predictability
Icon Financial Fund has average predictability. Overlapping area represents the amount of predictability between Icon Financial time series from 9th of May 2024 to 24th of May 2024 and 24th of May 2024 to 8th of June 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 Financial price movement. The serial correlation of 0.48 indicates that about 48.0% of current Icon Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Icon Financial lagged returns against current returns
Autocorrelation, which is Icon Financial 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 Financial's mutual fund expected returns. We can calculate the autocorrelation of Icon Financial returns to help us make a trade decision. For example, suppose you find that Icon Financial 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 Financial 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 Financial mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Financial 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 Financial mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Icon Financial Lagged Returns
When evaluating Icon Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Financial mutual fund have on its future price. Icon Financial 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 Financial autocorrelation shows the relationship between Icon Financial mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Financial Fund.
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.Other Information on Investing in Icon Mutual Fund
Icon Financial financial ratios help investors to determine whether Icon Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Icon with respect to the benefits of owning Icon Financial security.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |