Icon Longshort Competition

ISTAX Fund

USD 25.66 0.13 0.50%

Icon Longshort competes with Icon Equity, Icon Longshort, Icon Natural, and Icon Natural; as well as few others. The fund is listed under Mid-Cap Blend category and is part of ICON Funds family. Analyzing Icon Longshort competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Icon Longshort to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Icon Longshort Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Icon Longshort competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
24.03	25.66	27.29

Details

Intrinsic

Valuation

Low	Real	High
24.51	26.14	27.77

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Icon Longshort. Your research has to be compared to or analyzed against Icon Longshort's peers to derive any actionable benefits. When done correctly, Icon Longshort's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Icon Longshort.

Icon Longshort Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Icon Longshort and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Icon and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Icon Longshort does not affect the price movement of the other competitor.

	IOEZX	IOLZX	ISTAX	ICBAX	ICBMX	ICFAX	ICFSX	ICTEX	ICTTX	ICTVX
IOEZX		0.67	0.53	0.73	0.72	0.12	0.25	0.54	0.38	0.59	IOEZX
IOLZX	0.67		0.91	0.63	0.91	0.54	0.69	0.69	0.52	0.38	IOLZX
ISTAX	0.53	0.91		0.53	0.81	0.72	0.68	0.66	0.69	0.22	ISTAX
ICBAX	0.73	0.63	0.53		0.64	-0.09	0.0	0.23	0.12	0.55	ICBAX
ICBMX	0.72	0.91	0.81	0.64		0.56	0.73	0.73	0.57	0.49	ICBMX
ICFAX	0.12	0.54	0.72	-0.09	0.56		0.86	0.66	0.8	-0.02	ICFAX
ICFSX	0.25	0.69	0.68	0.0	0.73	0.86		0.74	0.63	0.16	ICFSX
ICTEX	0.54	0.69	0.66	0.23	0.73	0.66	0.74		0.78	0.07	ICTEX
ICTTX	0.38	0.52	0.69	0.12	0.57	0.8	0.63	0.78		-0.12	ICTTX
ICTVX	0.59	0.38	0.22	0.55	0.49	-0.02	0.16	0.07	-0.12		ICTVX
	IOEZX	IOLZX	ISTAX	ICBAX	ICBMX	ICFAX	ICFSX	ICTEX	ICTTX	ICTVX

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High positive correlations

ISTAX	+ 0.91	IOLZX
ICBMX	+ 0.91	IOLZX
ICFSX	+ 0.86	ICFAX
ICBMX	+ 0.81	ISTAX
ICTTX	+ 0.8	ICFAX
ICTTX	+ 0.78	ICTEX

High negative correlations

ICTVX	- 0.12	ICTTX
ICFAX	- 0.09	ICBAX
ICTVX	- 0.02	ICFAX
ICFSX	- 0.0	ICBAX

Risk-Adjusted Indicators

There is a big difference between Icon Mutual Fund performing well and Icon Longshort Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Icon Longshort's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IOEZX	0.50	0.00	(0.13)	0.10	0.52	(0.58)	1.15	(0.94)	3.93
IOLZX	0.89	0.05	(0.01)	0.34	1.52	(1.09)	1.59	(1.07)	14.88
ISTAX	0.88	(0.07)	(0.03)	0.03	1.61	(1.09)	1.59	(1.07)	15.52
ICBAX	0.73	0.03	0.06	0.12	0.55	(0.87)	1.49	(1.06)	6.34
ICBMX	0.82	0.03	(0.02)	0.19	1.31	(0.86)	1.48	(1.17)	11.74
ICFAX	0.88	(0.16)	0.00	(0.08)	0.00	0.00	1.43	(1.18)	18.69
ICFSX	0.88	(0.08)	0.00	(0.32)	0.00	0.00	1.43	(1.25)	18.49
ICTEX	0.80	(0.01)	(0.06)	0.01	1.23	(0.84)	1.31	(1.68)	7.14
ICTTX	0.80	(0.09)	0.00	(0.02)	0.00	0.00	1.35	(1.66)	7.69
ICTVX	0.56	(0.03)	(0.13)	(0.05)	0.68	(0.66)	1.18	(1.38)	2.96

Unable to evaluate fundamental data of [IOEZX, IOLZX, ISTAX, ICBAX, ICBMX, ICFAX, ICFSX, ICTEX, ICTTX, ICTVX] at this time. Please try again later

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Icon Longshort Competitive Analysis

The better you understand Icon Longshort competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Icon Longshort's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Icon Longshort's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	ISTAX	IOEZX	IOLZX	ICBAX	ICBMX	ICFAX	ICFSX	ICTEX	ICTTX	ICTVX
	0.50 25.66 Icon	0.24 16.69 Icon	0.50 27.65 Icon	0.94 17.90 Icon	0.92 18.26 Icon	1.01 9.80 Icon	0.99 9.98 Icon	0.06 16.41 Icon	0.07 14.77 Icon	0.53 9.31 Icon
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Not too volatile	Not too volatile	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Weak	OK	Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Fairly Valued	Under Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Buy	Strong Hold	Strong Buy	Buy	Strong Buy	Buy	Strong Hold	Strong Buy	Strong Hold
Net Asset	14.74 M	57.82 M	14.74 M	39.88 M	39.88 M	45.02 M	25.75 M	54.01 M	63.59 M	40.15 M
Minimum Initial Investment	N/A	1 K	1 K	N/A	1 K	N/A	1 K	1 K	N/A	N/A
Price To Book	2.05	1.9	1.98	2.11	2.24	1.18	1.3	3.46	3.54	1.87
Five Year Return	9.12	5.78	9.52	12.95	13.23	7.14	7.4	12.33	12.03	5.39
One Year Return	15.9	16.04	19.19	26.23	26.53	19.11	18.16	25.44	22.96	18.69
Last Dividend Paid	N/A	0.11	N/A	0.04	0.04	0.07	0.08	N/A	N/A	0.05
Price To Earning	16.13	15.39	16.68	16.47	19.07	14.52	15.27	20.71	20.71	17.78
Price To Sales	1.94	1.25	2.03	0.89	0.94	1.84	2.02	2.86	2.51	1.77
Cash Position Weight	16.89	0.5	1.32	19.97	2.66	14.85	0.09	0.47	13.91	11.73
Equity Positions Weight	83.11	96.88	98.68	79.35	97.34	85.15	99.91	99.53	86.09	88.26
Three Year Return	0.51	1.33	2.26	10.01	10.26	7.45	7.35	4.47	2.79	1.59
Annual Yield	0.0039	0.0415	0.0062	0.0063	0.0078	N/A	8.0E-4	N/A	N/A	0.0184
Year To Date Return	11.11	11.67	12.38	17.98	18.24	16.13	16.07	19.04	18.34	17.96
Bond Positions Weight	N/A	1.83	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	8.34	7.68	8.67	4.8	5.11	4.88	5.21	14.62	14.22	10.12
Daily Balance Of Power	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	9.2 T	9.2 T	(9,223,372,036,855)
Day Typical Price	25.66	16.69	27.65	17.9	18.26	9.8	9.98	16.41	14.77	9.31
Period Momentum Indicator	(0.13)	(0.04)	(0.14)	(0.17)	(0.17)	(0.10)	(0.10)	0.01	0.01	(0.05)
Rate Of Daily Change	0.99	1.0	0.99	0.99	0.99	0.99	0.99	1.0	1.0	0.99
Day Median Price	25.66	16.69	27.65	17.9	18.26	9.8	9.98	16.41	14.77	9.31
Price Action Indicator	(0.07)	(0.02)	(0.07)	(0.09)	(0.09)	(0.05)	(0.05)	0.005	0.005	(0.03)
Coefficient Of Variation	3376.7	2692.57	1973.59	720.97	1933.01	(3,021)	(3,768)	8804.75	(14,903)	79346.27
Mean Deviation	0.8824	0.5013	0.889	0.7302	0.821	0.8751	0.8821	0.8048	0.7989	0.5623
Jensen Alpha	(0.07)	9.0E-4	0.0509	0.0298	0.0309	(0.16)	(0.08)	(0.01)	(0.09)	(0.03)
Total Risk Alpha	(0.16)	(0.07)	(0.13)	0.0048	(0.11)	(0.33)	(0.32)	(0.14)	(0.16)	(0.1)
Sortino Ratio	(0.03)	(0.13)	(0.01)	0.0571	(0.02)	N/A	N/A	(0.06)	N/A	(0.13)
Downside Variance	2.85	0.3262	2.61	0.5491	1.95	N/A	N/A	1.86	N/A	0.6088
Standard Deviation	1.62	0.6743	1.56	1.03	1.32	2.05	2.02	1.12	1.15	0.7165
Kurtosis	20.62	3.39	18.6	7.64	11.85	38.96	38.32	4.77	6.66	(0.35)
Potential Upside	1.59	1.15	1.59	1.49	1.48	1.43	1.43	1.31	1.35	1.18
Treynor Ratio	0.031	0.0961	0.341	0.1162	0.1922	(0.08)	(0.32)	0.0141	(0.02)	(0.05)
Maximum Drawdown	15.52	3.93	14.88	6.34	11.74	18.69	18.49	7.14	7.69	2.96
Variance	2.61	0.4546	2.44	1.05	1.74	4.18	4.1	1.25	1.32	0.5133
Market Risk Adjusted Performance	0.041	0.1061	0.351	0.1262	0.2022	(0.07)	(0.31)	0.0241	(0.01)	(0.04)
Risk Adjusted Performance	0.027	0.0262	0.0421	0.1035	0.042	(0.02)	(0.01)	0.0118	(0)	8.0E-4
Skewness	(2.34)	1.17	(1.99)	1.88	(0.99)	(5.42)	(5.36)	(1.35)	(1.62)	(0.14)
Semi Deviation	1.61	0.522	1.52	0.5481	1.31	N/A	N/A	1.23	N/A	0.6781
Information Ratio	(0.03)	(0.11)	(0.01)	0.0412	(0.02)	(0.08)	(0.08)	(0.08)	(0.09)	(0.14)
Value At Risk	(1.07)	(0.94)	(1.07)	(1.06)	(1.17)	(1.18)	(1.25)	(1.68)	(1.66)	(1.38)
Expected Short fall	(1.09)	(0.58)	(1.09)	(0.87)	(0.86)	N/A	N/A	(0.84)	N/A	(0.66)
Downside Deviation	1.69	0.5712	1.61	0.741	1.4	N/A	N/A	1.36	N/A	0.7803
Semi Variance	2.59	0.2725	2.32	0.3004	1.71	N/A	N/A	1.51	N/A	0.4598

Icon Longshort Competition Performance Charts

Five steps to successful analysis of Icon Longshort Competition

Icon Longshort's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Icon Longshort in relation to its competition. Icon Longshort's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Icon Longshort in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Icon Longshort's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Icon Longshort, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Icon Longshort position

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.

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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Corporate ETFs theme has 223 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 Corporate ETFs Theme or any other thematic opportunities.

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Other Information on Investing in Icon Mutual Fund

Icon Longshort 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 Longshort security.

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