Icon Longshort Fund Price on December 13, 2024
ISTAX Fund | USD 24.54 0.18 0.74% |
If you're considering investing in Icon Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Icon Longshort stands at 24.54, as last reported on the 5th of January, with the highest price reaching 24.54 and the lowest price hitting 24.54 during the day. Icon Longshort holds Efficiency (Sharpe) Ratio of -0.0507, which attests that the entity had a -0.0507% return per unit of risk over the last 3 months. Icon Longshort exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icon Longshort's Standard Deviation of 1.66, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of (0.08) to validate the risk estimate we provide.
Icon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Icon |
Sharpe Ratio = -0.0507
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Estimated Market Risk
1.66 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Icon Longshort is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Icon Longshort by adding Icon Longshort to a well-diversified portfolio.
Icon Longshort Valuation on December 13, 2024
It is possible to determine the worth of Icon Longshort on a given historical date. On December 13, 2024 Icon was worth 25.66 at the beginning of the trading date compared to the closed value of 25.66. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Icon Longshort mutual fund. Still, in general, we apply an absolute valuation method to find Icon Longshort's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Icon Longshort where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Icon Longshort's related companies.
Open | High | Low | Close | Volume | |
25.79 | 25.79 | 25.79 | 25.79 | 1.00 | |
12/13/2024 | 25.66 | 25.66 | 25.66 | 25.66 | 1.00 |
25.63 | 25.63 | 25.63 | 25.63 | 1.00 |
Backtest Icon Longshort | | | Icon Longshort History | | | Icon Longshort Valuation | Previous | Next |
Icon Longshort Trading Date Momentum on December 13, 2024
On December 16 2024 Icon Longshort Fund was traded for 25.63 at the closing time. The highest daily price throughout the period was 25.63 and the lowest price was 25.63 . There was no trading activity during the period 1.0. Lack of trading volume on 12/16/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.12% . The trading delta at closing time to current closing price is 3.78% . |
Icon Longshort Fundamentals Correlations and Trends
By evaluating Icon Longshort's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Icon Longshort's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Icon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Icon Longshort Mutual Fund history
Icon Longshort investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Icon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Icon Longshort will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Icon Longshort stock prices may prove useful in developing a viable investing in Icon Longshort
Normally the fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities traded in the U.S. Icon LongShort is traded on NASDAQ Exchange in the United States.
Icon Longshort Mutual Fund Technical Analysis
Icon Longshort 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.
Price Boundaries
Icon Longshort Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
Icon Longshort Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Icon Longshort January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how Icon Longshort mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icon Longshort shares will generate the highest return on investment. By undertsting and applying Icon Longshort mutual fund market strength indicators, traders can identify Icon Longshort Fund entry and exit signals to maximize returns
Icon Longshort Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Icon Longshort's price direction in advance. Along with the technical and fundamental analysis of Icon Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Icon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (0.12) | |||
Treynor Ratio | (0.09) |
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Volume Indicators |
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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