ICON Project Buy Hold or Sell Recommendation
ICX Crypto | USD 0.34 0.01 2.86% |
Assuming the 90 days trading horizon and your highly speculative risk level, our recommendation regarding ICON Project is 'Strong Sell'. Macroaxis provides ICON Project buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ICX positions. The advice algorithm takes into account all of ICON Project's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting ICON Project's buy or sell advice are summarized below:
Real Value 0.27 | Hype Value 0.34 | Market Value 0.34 | Naive Value 0.33 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell ICON Project given historical horizon and risk tolerance towards ICON Project. When Macroaxis issues a 'buy' or 'sell' recommendation for ICON Project, the advice is generated through an automated system that utilizes algorithms and statistical models.
ICON |
Execute ICON Project Buy or Sell Advice
The ICON recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ICON Project. Macroaxis does not own or have any residual interests in ICON Project or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ICON Project's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Sell
Market Performance | OK | Details | |
Volatility | Extremely risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Risk of Devaluation | About Average | Details | |
Economic Sensitivity | Barely shadows the market | Details |
ICON Project Trading Alerts and Improvement Suggestions
ICON Project is way too risky over 90 days horizon | |
ICON Project has some characteristics of a very speculative cryptocurrency | |
ICON Project appears to be risky and price may revert if volatility continues |
ICON Project Returns Distribution Density
The distribution of ICON Project's historical returns is an attempt to chart the uncertainty of ICON Project's future price movements. The chart of the probability distribution of ICON Project daily returns describes the distribution of returns around its average expected value. We use ICON Project price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ICON Project returns is essential to provide solid investment advice for ICON Project cryptocurrency.
Mean Return | 0.44 | Value At Risk | -8.11 | Potential Upside | 7.41 | Standard Deviation | 5.43 |
Return Density |
Distribution |
Cryptocurrency investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ICON Project historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different crypto investement strategies.
ICON Project Greeks
Most traded cryptocurrencies are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or coin-specific or project-specific) risk. Unsystematic risk is the risk that events specific to ICON Project project will adversely affect the coin's price. This type of risk can be diversified away by owning several different digital assets on different exchanges whose coin prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that ICON Project's price will be affected by overall cryptocurrency market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a ICON crypto's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.41 | |
β | Beta against NYSE Composite | 0.16 | |
σ | Overall volatility | 5.45 | |
Ir | Information ratio | 0.06 |
ICON Project Volatility Alert
ICON Project exhibits above-average semi-deviation for your current time horizon. We encourage cryptocurrency investors to investigate ICON Project individually to make sure intended market timing strategies and available technical indicators are consistent with their estimates about ICON Project projected systematic risk. Please note that many cryptocurrencies are speculative and subject to artificial price hype. Ensure you understand the upside potential and downside risk of investing in ICON Project. We encourage all cryptocurrency investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before the public announcements. Please also check the biographies and work history of current and past project contributors before investing in high-volatility crypto coins. You can indeed make money on ICON if you perfectly time your entry and exit. However, remember that cryptos that have been the subject of artificial hype usually cannot maintain its increased price for more than a few days. The price of a promoted high-volatility instrument will almost always revert. The only way to increase coin holder value is through legitimate performance analysis backed up by solid fundamentals of the project the coin represents. Understanding different market volatility trends often help investors time the market. Properly using volatility indicators enable traders to measure ICON Project's crypto coin risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ICON Project's price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different cryptos as prices fall or investing in DeFi projects.ICON Project Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ICON . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About ICON Project Buy or Sell Advice
When is the right time to buy or sell ICON Project? Buying financial instruments such as ICON Crypto Coin isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having ICON Project in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Outsourcing Thematic Idea Now
Outsourcing
Companies involved in providing outsourcing and staffing services to business across different domains. The Outsourcing theme has 29 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Outsourcing Theme or any other thematic opportunities.
View All Next | Launch |
Check out ICON Project Technical Analysis. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for ICON Crypto Coin analysis
When running ICON Project's price analysis, check to measure ICON Project's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy ICON Project is operating at the current time. Most of ICON Project's value examination focuses on studying past and present price actions to predict the probability of ICON Project's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move ICON Project's coin price. Additionally, you may evaluate how adding ICON Project to your portfolios can decrease your overall portfolio volatility.
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
CEOs Directory Screen CEOs from public companies around the world | |
Transaction History View history of all your transactions and understand their impact on performance | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |