Icon Longshort Fund Buy Hold or Sell Recommendation
| ISTAX Fund | USD 25.44 0.13 0.51% |
Assuming the 90 days horizon and your typical level of risk aversion, our recommendation regarding Icon Longshort Fund is 'Strong Hold'. Macroaxis provides Icon Longshort buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ISTAX positions. The advice algorithm takes into account all of Icon Longshort's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Icon Longshort's buy or sell advice are summarized below:
Real Value 24.35 | Hype Value 25.44 | Market Value 25.44 | Naive Value 24.8 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Icon Longshort Fund given historical horizon and risk tolerance towards Icon Longshort. When Macroaxis issues a 'buy' or 'sell' recommendation for Icon Longshort Fund, the advice is generated through an automated system that utilizes algorithms and statistical models.
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Execute Icon Longshort 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 Longshort Fund. Macroaxis does not own or have any residual interests in Icon Longshort Fund or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Icon Longshort's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details |
Icon Longshort Trading Alerts and Improvement Suggestions
| Latest headline from news.google.com: Superannuation How It Works, Types And Tax Benefits - ClearTax | |
| The fund generated three year return of -1.0% | |
| Icon Longshort retains about 16.89% of its assets under management (AUM) in cash |
Icon Longshort Returns Distribution Density
The distribution of Icon Longshort's historical returns is an attempt to chart the uncertainty of Icon Longshort's future price movements. The chart of the probability distribution of Icon Longshort daily returns describes the distribution of returns around its average expected value. We use Icon Longshort Fund price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Icon Longshort returns is essential to provide solid investment advice for Icon Longshort.
| Mean Return | 0.01 | Value At Risk | -1.67 | Potential Upside | 1.11 | Standard Deviation | 0.82 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Icon Longshort historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Icon Longshort Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Icon Longshort or ICON Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Icon Longshort's price will be affected by overall mutual fund 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 fund'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 | -0.06 | |
β | Beta against NYSE Composite | 1.13 | |
σ | Overall volatility | 0.82 | |
Ir | Information ratio | -0.06 |
Icon Longshort Volatility Alert
Icon Longshort Fund has low volatility with Treynor Ratio of 0.0, Maximum Drawdown of 3.29 and kurtosis of -0.05. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Icon Longshort's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Icon Longshort's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Icon Longshort Fundamentals Vs Peers
Comparing Icon Longshort's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Icon Longshort's direct or indirect competition across all of the common fundamentals between Icon Longshort and the related equities. This way, we can detect undervalued stocks with similar characteristics as Icon Longshort or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Icon Longshort's fundamental indicators could also be used in its relative valuation, which is a method of valuing Icon Longshort by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Icon Longshort to competition |
| Fundamentals | Icon Longshort | Peer Average |
| Price To Earning | 16.13 X | 6.53 X |
| Price To Book | 2.05 X | 0.74 X |
| Price To Sales | 1.94 X | 0.61 X |
| Annual Yield | 0 % | 0.29 % |
| Year To Date Return | 2.82 % | 0.39 % |
| One Year Return | 10.54 % | 4.15 % |
| Three Year Return | (1.14) % | 3.60 % |
| Five Year Return | 7.83 % | 3.24 % |
| Ten Year Return | 8.34 % | 1.79 % |
| Net Asset | 14.74 M | 4.11 B |
| Cash Position Weight | 16.89 % | 10.61 % |
| Equity Positions Weight | 83.11 % | 63.90 % |
Icon Longshort 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.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 25.44 | |||
| Day Typical Price | 25.44 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | (0.13) |
About Icon Longshort Buy or Sell Advice
When is the right time to buy or sell Icon Longshort Fund? Buying financial instruments such as Icon Mutual Fund 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 Longshort 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 Business Supplies Thematic Idea Now
Business Supplies
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Supplies theme has 22 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 Business Supplies Theme or any other thematic opportunities.
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Check out Icon Longshort Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Icon Longshort information on this page should be used as a complementary analysis to other Icon Longshort'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 Stocks Directory module to find actively traded stocks across global markets.