Icon Longshort Fund Market Value
| ISTAX Fund | USD 24.02 0.68 2.75% |
| Symbol | Icon |
Icon Longshort '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 Longshort'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 Longshort.
| 02/03/2025 |
| 03/05/2025 |
If you would invest 0.00 in Icon Longshort on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding Icon Longshort Fund or generate 0.0% return on investment in Icon Longshort over 30 days. Icon Longshort is related to or competes with Boston Partners, Diamond Hill, Jpmorgan Research, Calamos Market, and Caldwell Orkin. Normally the fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in equ... More
Icon Longshort 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 Longshort'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 Longshort Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.8 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.45 |
Icon Longshort Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Longshort's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Longshort's standard deviation. In reality, there are many statistical measures that can use Icon Longshort historical prices to predict the future Icon Longshort's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.19) |
Icon Longshort Backtested Returns
Icon Longshort holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14 % return per unit of risk over the last 3 months. Icon Longshort exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icon Longshort's Risk Adjusted Performance of (0.11), market risk adjusted performance of (0.18), and Standard Deviation of 1.0 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Icon Longshort's returns are expected to increase less than the market. However, during the bear market, the loss of holding Icon Longshort is expected to be smaller as well.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Icon Longshort Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Icon Longshort 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 Longshort price movement. The serial correlation of -0.78 indicates that around 78.0% of current Icon Longshort price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Icon Longshort lagged returns against current returns
Autocorrelation, which is Icon Longshort 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 Longshort's mutual fund expected returns. We can calculate the autocorrelation of Icon Longshort returns to help us make a trade decision. For example, suppose you find that Icon Longshort 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 Longshort 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 Longshort mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Longshort 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 Longshort mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Icon Longshort Lagged Returns
When evaluating Icon Longshort's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Longshort mutual fund have on its future price. Icon Longshort 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 Longshort autocorrelation shows the relationship between Icon Longshort mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Longshort Fund.
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 Longshort 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 Longshort security.
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