Icon Equity Income Fund Market Value
| IOEZX Fund | USD 16.80 0.06 0.36% |
| Symbol | Icon |
Icon Equity '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 Equity'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 Equity.
| 02/03/2025 |
| 03/05/2025 |
If you would invest 0.00 in Icon Equity on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding Icon Equity Income or generate 0.0% return on investment in Icon Equity over 30 days. Icon Equity is related to or competes with Alpine High, Prudential High, Barings Us, Virtus High, and Aqr Alternative. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Icon Equity 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 Equity'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 Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0845 | |||
| Maximum Drawdown | 2.57 | |||
| Value At Risk | (1.02) | |||
| Potential Upside | 1.25 |
Icon Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Equity's standard deviation. In reality, there are many statistical measures that can use Icon Equity historical prices to predict the future Icon Equity's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.06 | |||
| Treynor Ratio | 0.4901 |
Icon Equity Income Backtested Returns
Icon Equity Income holds Efficiency (Sharpe) Ratio of -0.0193, which attests that the entity had a -0.0193 % return per unit of risk over the last 3 months. Icon Equity Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icon Equity's Market Risk Adjusted Performance of 0.5001, standard deviation of 0.7434, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0517, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Icon Equity are expected to decrease at a much lower rate. During the bear market, Icon Equity is likely to outperform the market.
Auto-correlation | -0.05 |
Very weak reverse predictability
Icon Equity Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Icon Equity time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th 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 Equity Income price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Icon Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Icon Equity Income lagged returns against current returns
Autocorrelation, which is Icon Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Icon Equity returns to help us make a trade decision. For example, suppose you find that Icon Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Icon Equity Lagged Returns
When evaluating Icon Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Equity mutual fund have on its future price. Icon Equity 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 Equity autocorrelation shows the relationship between Icon Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Equity Income.
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 Equity 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 Equity security.
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