ICEX Main (Iceland) Buy Hold or Sell Recommendation
| OMXIPI Index | 2,087 5.53 0.26% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding ICEX Main is 'Hold'. Macroaxis provides ICEX Main buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding OMXIPI positions. The advice algorithm takes into account all of ICEX Main's available fundamental, technical, and predictive indicators you will find on this site.
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell ICEX Main given historical horizon and risk tolerance towards ICEX Main. When Macroaxis issues a 'buy' or 'sell' recommendation for ICEX Main, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. Execute ICEX Main Buy or Sell Advice
The ICEX recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on ICEX Main. Macroaxis does not own or have any residual interests in ICEX Main or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute ICEX Main's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Economic Sensitivity | Ignores market trends | Details |
ICEX Main Trading Alerts and Improvement Suggestions
| ICEX Main generated a negative expected return over the last 90 days |
ICEX Main Returns Distribution Density
The distribution of ICEX Main's historical returns is an attempt to chart the uncertainty of ICEX Main's future price movements. The chart of the probability distribution of ICEX Main daily returns describes the distribution of returns around its average expected value. We use ICEX Main price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of ICEX Main returns is essential to provide solid investment advice for ICEX Main.
| Mean Return | -0.06 | Value At Risk | -1.95 | Potential Upside | 1.51 | Standard Deviation | 1.09 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of ICEX Main 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.
ICEX Main 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 ICEX Main or ICEX 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 ICEX Main's price will be affected by overall index 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 ICEX index'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 | 0.00 | |
β | Beta against NYSE Composite | 0.00 | |
σ | Overall volatility | 0.97 | |
Ir | Information ratio | -0.12 |
ICEX Main Volatility Alert
ICEX Main exhibits very low volatility with skewness of 0.33 and kurtosis of 3.62. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure ICEX Main's index risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact ICEX Main's index 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.ICEX Main Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as ICEX . 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.
| Accumulation Distribution | 0.0052 | |||
| Daily Balance Of Power | (0.50) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 2088.63 | |||
| Day Typical Price | 2088.02 | |||
| Market Facilitation Index | 10.98 | |||
| Price Action Indicator | (4.59) | |||
| Period Momentum Indicator | (5.53) | |||
| Relative Strength Index | 19.5 |
Use Investing Ideas to Build Portfolios
In addition to having ICEX Main 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 Office Supplies Thematic Idea Now
Office Supplies
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 39 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 Office Supplies Theme or any other thematic opportunities.
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Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any index could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.