ICON Project Market Value
| ICX Crypto | USD 0.22 0.01 4.76% |
| Symbol | ICON |
ICON Project '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 Project's crypto coin 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 Project.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in ICON Project on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding ICON Project or generate 0.0% return on investment in ICON Project over 60 days. ICON Project is related to or competes with Ethereum, Cardano, Avalanche, Near, Hedera Hashgraph, Internet Computer, and Cronos. ICON Project is peer-to-peer digital currency powered by the Blockchain technology.
ICON Project 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 Project's crypto coin 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 Project upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.28 | |||
| Information Ratio | 0.1494 | |||
| Maximum Drawdown | 16.03 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
ICON Project Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICON Project's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICON Project's standard deviation. In reality, there are many statistical measures that can use ICON Project historical prices to predict the future ICON Project's volatility.| Risk Adjusted Performance | 0.1436 | |||
| Jensen Alpha | 0.6831 | |||
| Total Risk Alpha | 0.0818 | |||
| Sortino Ratio | 0.0975 | |||
| Treynor Ratio | 0.6821 |
ICON Project Backtested Returns
ICON Project is very risky given 3 months investment horizon. ICON Project holds Efficiency (Sharpe) Ratio of 0.22, which attests that digital coin had a 0.22% return per unit of volatility over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use ICON Project semi deviation of 3.23, and Market Risk Adjusted Performance of 0.6921 to evaluate coin specific risk that cannot be diversified away. The entity retains a Market Volatility (i.e., Beta) of 1.22, 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 Project will likely underperform.
Auto-correlation | -0.07 |
Very weak reverse predictability
ICON Project has very weak reverse predictability. Overlapping area represents the amount of predictability between ICON Project time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th of November 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 Project price movement. The serial correlation of -0.07 indicates that barely 7.0% of current ICON Project price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ICON Project lagged returns against current returns
Autocorrelation, which is ICON Project crypto coin'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 Project's crypto coin expected returns. We can calculate the autocorrelation of ICON Project returns to help us make a trade decision. For example, suppose you find that ICON Project has exhibited high autocorrelation historically, and you observe that the crypto coin 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 Project 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 Project crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICON Project crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICON Project crypto coin over time.
Current vs Lagged Prices |
| Timeline |
ICON Project Lagged Returns
When evaluating ICON Project's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICON Project crypto coin have on its future price. ICON Project 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 Project autocorrelation shows the relationship between ICON Project crypto coin current value and its past values and can show if there is a momentum factor associated with investing in ICON Project.
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.When determining whether ICON Project offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ICON Project's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Icon Project Crypto.Check out ICON Project Correlation, ICON Project Volatility and Investing Opportunities module to complement your research on ICON Project. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
ICON Project technical crypto coin 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, crypto market cycles, or different charting patterns.