Icon Energy Corp Stock Market Value
| ICON Stock | USD 2.80 0.06 2.19% |
| Symbol | Icon |
Icon Energy Corp Price To Book Ratio
Is Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icon Energy. If investors know Icon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.326 | Earnings Share 0.95 | Revenue Per Share 24.43 | Quarterly Revenue Growth 0.178 |
The market value of Icon Energy Corp is measured differently than its book value, which is the value of Icon that is recorded on the company's balance sheet. Investors also form their own opinion of Icon Energy's value that differs from its market value or its book value, called intrinsic value, which is Icon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icon Energy's market value can be influenced by many factors that don't directly affect Icon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Icon Energy '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 Energy's stock 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 Energy.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Icon Energy on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Icon Energy Corp or generate 0.0% return on investment in Icon Energy over 180 days. Icon Energy is related to or competes with Mosaic, Entegris, Luxfer Holdings, Aehr Test, Vishay Intertechnology, Everspin Technologies, and Ecolab. Iconix Brand Group, Inc., a brand management company, owns and licenses a portfolio of consumer brands in the United Sta... More
Icon Energy 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 Energy's stock 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 Energy Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.46 | |||
| Information Ratio | 0.0249 | |||
| Maximum Drawdown | 33.53 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 6.99 |
Icon Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Energy's standard deviation. In reality, there are many statistical measures that can use Icon Energy historical prices to predict the future Icon Energy's volatility.| Risk Adjusted Performance | 0.0448 | |||
| Jensen Alpha | 0.057 | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | 0.036 | |||
| Treynor Ratio | 0.1379 |
Icon Energy Corp Backtested Returns
Icon Energy appears to be risky, given 3 months investment horizon. Icon Energy Corp holds Efficiency (Sharpe) Ratio of 0.0654, which attests that the entity had a 0.0654% return per unit of risk over the last 3 months. We have found thirty technical indicators for Icon Energy Corp, which you can use to evaluate the volatility of the firm. Please utilize Icon Energy's Market Risk Adjusted Performance of 0.1479, downside deviation of 3.46, and Risk Adjusted Performance of 0.0448 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Icon Energy holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 1.65, 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, Icon Energy will likely underperform. Please check Icon Energy's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Icon Energy's current trending patterns will revert.
Auto-correlation | 0.87 |
Very good predictability
Icon Energy Corp has very good predictability. Overlapping area represents the amount of predictability between Icon Energy time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th of December 2024. 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 Energy Corp price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Icon Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Icon Energy Corp lagged returns against current returns
Autocorrelation, which is Icon Energy stock'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 Energy's stock expected returns. We can calculate the autocorrelation of Icon Energy returns to help us make a trade decision. For example, suppose you find that Icon Energy has exhibited high autocorrelation historically, and you observe that the stock 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 Energy 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 Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icon Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Icon Energy Lagged Returns
When evaluating Icon Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Energy stock have on its future price. Icon Energy 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 Energy autocorrelation shows the relationship between Icon Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Icon Energy Corp.
Regressed Prices |
| Timeline |
Pair Trading with Icon Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Icon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Icon Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Icon Stock
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| 0.64 | CMRE-PD | Costamare | PairCorr |
| 0.63 | DSX | Diana Shipping | PairCorr |
| 0.56 | OP | Oceanpal | PairCorr |
The ability to find closely correlated positions to Icon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Icon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Icon Energy Corp to buy it.
The correlation of Icon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Icon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icon Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Icon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Icon Energy Correlation, Icon Energy Volatility and Icon Energy Alpha and Beta module to complement your research on Icon Energy. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Icon Energy technical stock 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, stock market cycles, or different charting patterns.