Icon Longshort Five Year Return vs. Price To Book
| IOLZX Fund | USD 27.65 0.14 0.50% |
For Icon Longshort profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Icon Longshort to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Icon Longshort Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Icon Longshort's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Icon Longshort Fund over time as well as its relative position and ranking within its peers.
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Icon Longshort Price To Book vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Icon Longshort's current stock value. Our valuation model uses many indicators to compare Icon Longshort value to that of its competitors to determine the firm's financial worth. Icon Longshort Fund is rated below average in five year return among similar funds. It is rated below average in price to book among similar funds fabricating about 0.21 of Price To Book per Five Year Return. The ratio of Five Year Return to Price To Book for Icon Longshort Fund is roughly 4.81 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Icon Longshort's earnings, one of the primary drivers of an investment's value.Icon Price To Book vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
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| = | 9.52 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
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| = | 1.98 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Icon Price To Book Comparison
Icon Longshort is rated below average in price to book among similar funds.
Icon Longshort Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Icon Longshort, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Icon Longshort will eventually generate negative long term returns. The profitability progress is the general direction of Icon Longshort's change in net profit over the period of time. It can combine multiple indicators of Icon Longshort, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Normally the fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities traded in the U.S. ICON believes that equity markets go through themes over time, simply stated, stocks in industries that were market leaders at one time tend to become overpriced relative to intrinsic value, and stocks in industries that were not in favor tend to drop below intrinsic value.
Icon Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Icon Longshort. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Icon Longshort position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Icon Longshort's important profitability drivers and their relationship over time.
Use Icon Longshort in pair-trading
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 Longshort 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 Longshort will appreciate offsetting losses from the drop in the long position's value.Icon Longshort Pair Trading
Icon Longshort Fund Pair Trading Analysis
The ability to find closely correlated positions to Icon Longshort 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 Longshort 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 Longshort - 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 Longshort Fund to buy it.
The correlation of Icon Longshort 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 Longshort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icon Longshort 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 Longshort 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.Use Investing Themes to Complement your Icon Longshort position
In addition to having Icon Longshort in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Volatility ETFs Thematic Idea Now
Volatility ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Volatility ETFs theme has 27 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Volatility ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Icon Mutual Fund
To fully project Icon Longshort's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Icon Longshort at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Icon Longshort's income statement, its balance sheet, and the statement of cash flows.
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