Quantbot Technologies LP Grows Stock Position in Edison International
| ICTVX Fund | USD 9.85 0.06 0.61% |
Slightly above 52% of Icon Utilities' investor base is interested to short. The analysis of overall sentiment of trading Icon Utilities Fund mutual fund suggests that many investors are impartial 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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Quantbot Technologies LP lifted its holdings in shares of Edison International by 19.4 percent during the third quarter, Holdings Channel.com reports. The fund owned 31,404 shares of the utilities providers stock after acquiring an additional 5,105 shares during the period. Quantbot Technologies LPs holdings in Edison International were worth 2,735,000 as of
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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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Icon Utilities is currently under evaluation in probability of bankruptcy among similar funds. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
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
| ICTUX | Icon Utilities | 0.69 | ||||
| EVUAX | Wells Fargo | 0.1 | ||||
| RYUTX | Utilities Fund | 0.02 | ||||
| FUGAX | Fidelity Advisor | 0.14 | ||||
| ICTTX | Icon Information | 1.28 |
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.
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