Pinnacle West Capital Price Target Cut to 81.00 by Analysts at Morgan Stanley
| ICTVX Fund | USD 9.93 0.03 0.30% |
Slightly above 62% of Icon Utilities' investor base is looking to short. The analysis of overall sentiment of trading Icon Utilities Fund mutual fund suggests that many investors are alarmed at this time. Icon Utilities' investing sentiment can be driven by a variety of factors including economic data, Icon Utilities' earnings reports, geopolitical events, and overall market trends.
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Pinnacle West Capital had its price objective cut by Morgan Stanley from 82.00 to 81.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the utilities providers stock. Other analysts have also recently issued reports about the company. Barclays cut Pinnacle West Capital
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Icon Utilities Fundamental Analysis
We analyze Icon Utilities' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Icon Utilities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Icon Utilities based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash Position Weight
Cash Position Weight Comparative Analysis
Icon Utilities is currently under evaluation in cash position weight among similar funds. Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Icon Utilities Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Icon Utilities mutual fund to make a market-neutral strategy. Peer analysis of Icon Utilities could also be used in its relative valuation, which is a method of valuing Icon Utilities by comparing valuation metrics with similar companies.
Peers
Icon Utilities Related Equities
| FUGAX | Fidelity Advisor | 0.44 | ||||
| RYUTX | Utilities Fund | 0.30 | ||||
| ICTTX | Icon Information | 0.28 | ||||
| EVUAX | Wells Fargo | 0.05 | ||||
| ICTUX | Icon Utilities | 0.29 |
Other Information on Investing in Icon Mutual Fund
Icon Utilities 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 Utilities security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |