Icon Financial Fund Market Value
| ICFAX Fund | USD 10.57 0.02 0.19% |
| Symbol | Icon |
Icon Financial '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 Financial'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 Financial.
| 04/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Icon Financial on April 14, 2024 and sell it all today you would earn a total of 0.00 from holding Icon Financial Fund or generate 0.0% return on investment in Icon Financial over 30 days. Icon Financial is related to or competes with Regional Bank, Financial Industries, and Davis Financial. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Icon Financial 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 Financial'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 Financial Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8519 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.16 |
Icon Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Financial's standard deviation. In reality, there are many statistical measures that can use Icon Financial historical prices to predict the future Icon Financial's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0312 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Icon Financial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Icon Financial Backtested Returns
We consider Icon Financial very steady. Icon Financial holds Efficiency (Sharpe) Ratio of 0.0444, which attests that the entity had a 0.0444% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Icon Financial, which you can use to evaluate the volatility of the entity. Please check out Icon Financial's Downside Deviation of 0.8519, market risk adjusted performance of 0.0412, and Risk Adjusted Performance of 0.0362 to validate if the risk estimate we provide is consistent with the expected return of 0.0336%. The fund retains a Market Volatility (i.e., Beta) of 1.03, which attests to a somewhat significant risk relative to the market. Icon Financial returns are very sensitive to returns on the market. As the market goes up or down, Icon Financial is expected to follow.
Auto-correlation | 0.75 |
Good predictability
Icon Financial Fund has good predictability. Overlapping area represents the amount of predictability between Icon Financial time series from 14th of April 2024 to 29th of April 2024 and 29th of April 2024 to 14th of May 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 Financial price movement. The serial correlation of 0.75 indicates that around 75.0% of current Icon Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Icon Financial lagged returns against current returns
Autocorrelation, which is Icon Financial 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 Financial's mutual fund expected returns. We can calculate the autocorrelation of Icon Financial returns to help us make a trade decision. For example, suppose you find that Icon Financial 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 Financial 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 Financial mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Financial 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 Financial mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Icon Financial Lagged Returns
When evaluating Icon Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Financial mutual fund have on its future price. Icon Financial 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 Financial autocorrelation shows the relationship between Icon Financial mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Financial Fund.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Icon Financial Correlation, Icon Financial Volatility and Icon Financial Alpha and Beta module to complement your research on Icon Financial. Note that the Icon Financial information on this page should be used as a complementary analysis to other Icon Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Icon Financial technical mutual fund 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, fund market cycles, or different charting patterns.