Icoa Inc Stock Market Value
| ICOA Stock | USD 0.0001 0.00 0.00% |
| Symbol | ICOA |
ICOA '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 ICOA's pink sheet 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 ICOA.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in ICOA on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding ICOA Inc or generate 0.0% return on investment in ICOA over 720 days. ICOA is related to or competes with Charles Schwab, Armada Mercantile, and ABS-CBN Holdings. ICOA, Inc. provides neutral-host wireless and wired broadband Internet services in the United States More
ICOA 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 ICOA's pink sheet 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 ICOA Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2109 | |||
| Maximum Drawdown | 1100.0 |
ICOA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICOA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICOA's standard deviation. In reality, there are many statistical measures that can use ICOA historical prices to predict the future ICOA's volatility.| Risk Adjusted Performance | 0.1652 | |||
| Jensen Alpha | 46.75 | |||
| Total Risk Alpha | 53.56 | |||
| Treynor Ratio | 11.84 |
ICOA Inc Backtested Returns
ICOA is out of control given 3 months investment horizon. ICOA Inc holds Efficiency (Sharpe) Ratio of 0.21, which attests that the company had a 0.21 % return per unit of volatility over the last 3 months. We were able to break down and interpolate data for seventeen different technical indicators, which can help you to evaluate if expected returns of 46.67% are justified by taking the suggested risk. Use ICOA Inc market risk adjusted performance of 11.85, and Coefficient Of Variation of 474.2 to evaluate company specific risk that cannot be diversified away. ICOA holds a performance score of 16 on a scale of zero to a hundred. The firm retains a Market Volatility (i.e., Beta) of 3.94, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ICOA will likely underperform. Use ICOA Inc information ratio, skewness, as well as the relationship between the Skewness and day median price , to analyze future returns on ICOA Inc.
Auto-correlation | 0.25 |
Poor predictability
ICOA Inc has poor predictability. Overlapping area represents the amount of predictability between ICOA time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st 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 ICOA Inc price movement. The serial correlation of 0.25 indicates that over 25.0% of current ICOA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ICOA Inc lagged returns against current returns
Autocorrelation, which is ICOA pink sheet'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 ICOA's pink sheet expected returns. We can calculate the autocorrelation of ICOA returns to help us make a trade decision. For example, suppose you find that ICOA has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
ICOA 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 ICOA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICOA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICOA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ICOA Lagged Returns
When evaluating ICOA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICOA pink sheet have on its future price. ICOA 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, ICOA autocorrelation shows the relationship between ICOA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ICOA Inc.
Regressed Prices |
| Timeline |
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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 ICOA Pink Sheet
ICOA financial ratios help investors to determine whether ICOA Pink Sheet 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 ICOA with respect to the benefits of owning ICOA security.