Icon Natural Resources Fund Market Value
| ICBMX Fund | USD 16.64 0.99 6.33% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Icon Natural on December 17, 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 Global Diversified, Columbia Diversified, Fidelity Advisor, Principal Lifetime, Diversified Bond, and Wells Fargo. 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.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.41 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 1.85 |
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 | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.05 | |||
| Treynor Ratio | (0.13) |
Icon Natural Resources Backtested Returns
Icon Natural Resources holds Efficiency (Sharpe) Ratio of -0.0757, which attests that the entity had a -0.0757 % return per unit of risk over the last 3 months. Icon Natural Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icon Natural's Risk Adjusted Performance of (0.07), standard deviation of 1.44, and Market Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.98, which attests to possible diversification benefits within a given portfolio. Icon Natural returns are very sensitive to returns on the market. As the market goes up or down, Icon Natural is expected to follow.
Auto-correlation | -0.84 |
Excellent reverse predictability
Icon Natural Resources has excellent reverse predictability. Overlapping area represents the amount of predictability between Icon Natural time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 -0.84 indicates that around 84.0% of current Icon Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.72 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Icon Mutual Fund
Icon Natural 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 Natural security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |