Icon Natural Resources Fund Market Value
| ICBAX Fund | USD 17.86 0.17 0.96% |
| Symbol | Icon |
Icon Natural '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 Natural'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 Natural.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Icon Natural on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Icon Natural Resources or generate 0.0% return on investment in Icon Natural over 90 days. Icon Natural is related to or competes with Icon Financial, Dreyfus Natural, Icon Information, and Huber Capital. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Icon Natural 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 Natural'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 Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8222 | |||
| Information Ratio | 0.1421 | |||
| Maximum Drawdown | 4.05 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.49 |
Icon Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Natural's standard deviation. In reality, there are many statistical measures that can use Icon Natural historical prices to predict the future Icon Natural's volatility.| Risk Adjusted Performance | 0.1532 | |||
| Jensen Alpha | 0.1069 | |||
| Total Risk Alpha | 0.091 | |||
| Sortino Ratio | 0.1516 | |||
| Treynor Ratio | 0.1666 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icon Natural'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 Natural Resources Backtested Returns
We consider Icon Natural very steady. Icon Natural Resources holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Icon Natural Resources, which you can use to evaluate the volatility of the entity. Please check out Icon Natural's Market Risk Adjusted Performance of 0.1766, risk adjusted performance of 0.1532, and Downside Deviation of 0.8222 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The fund retains a Market Volatility (i.e., Beta) of 1.22, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Icon Natural will likely underperform.
Auto-correlation | 0.36 |
Below average predictability
Icon Natural Resources has below average predictability. Overlapping area represents the amount of predictability between Icon Natural time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd of April 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 Natural Resources price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Icon Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Icon Natural Resources lagged returns against current returns
Autocorrelation, which is Icon Natural 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 Natural's mutual fund expected returns. We can calculate the autocorrelation of Icon Natural returns to help us make a trade decision. For example, suppose you find that Icon Natural 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 Natural 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 Natural mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Natural 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 Natural mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Icon Natural Lagged Returns
When evaluating Icon Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Natural mutual fund have on its future price. Icon Natural 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 Natural autocorrelation shows the relationship between Icon Natural mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Natural Resources.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Icon Natural Correlation, Icon Natural Volatility and Icon Natural Alpha and Beta module to complement your research on Icon Natural. Note that the Icon Natural Resources information on this page should be used as a complementary analysis to other Icon Natural'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Icon Natural 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.