Icon Equity Income Fund Price on May 31, 2023
| IOEZX Fund | USD 16.89 0.05 0.30% |
Below is the normalized historical share price chart for Icon Equity Income extending back to January 29, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Icon Equity stands at 16.89, as last reported on the 17th of November 2024, with the highest price reaching 16.89 and the lowest price hitting 16.89 during the day.
If you're considering investing in Icon Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Icon Mutual Fund to be very steady. Icon Equity Income holds Efficiency (Sharpe) Ratio of 0.0578, which attests that the entity had a 0.0578% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Icon Equity Income, which you can use to evaluate the volatility of the entity. Please check out Icon Equity's Downside Deviation of 0.5874, market risk adjusted performance of 0.0706, and Risk Adjusted Performance of 0.0563 to validate if the risk estimate we provide is consistent with the expected return of 0.0391%.
Icon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Icon |
Sharpe Ratio = 0.0578
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| Negative Returns | IOEZX |
Estimated Market Risk
| 0.68 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Icon Equity is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Icon Equity by adding it to a well-diversified portfolio.
Icon Equity Valuation on May 31, 2023
It is possible to determine the worth of Icon Equity on a given historical date. On May 31, 2023 Icon was worth 14.19 at the beginning of the trading date compared to the closed value of 14.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Icon Equity mutual fund. Still, in general, we apply an absolute valuation method to find Icon Equity's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Icon Equity where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Icon Equity's related companies.
| Open | High | Low | Close | Volume | |
| 14.29 | 14.29 | 14.29 | 14.29 | 1.00 | |
05/31/2023 | 14.19 | 14.19 | 14.19 | 14.19 | 1.00 |
| 14.30 | 14.30 | 14.30 | 14.30 | 1.00 |
| Backtest Icon Equity | | | Icon Equity History | | | Icon Equity Valuation | Previous | Next |
Icon Equity Trading Date Momentum on May 31, 2023
| On June 01 2023 Icon Equity Income was traded for 14.30 at the closing time. The highest daily price throughout the period was 14.30 and the lowest price was 14.30 . There was no trading activity during the period 1.0. Lack of trading volume on 06/01/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.78% . The trading delta at closing time to current closing price is 3.66% . |
Icon Equity Income Fundamentals Correlations and Trends
By evaluating Icon Equity's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Icon Equity's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Icon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Icon Equity Mutual Fund history
Icon Equity investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Icon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Icon Equity Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Icon Equity stock prices may prove useful in developing a viable investing in Icon Equity
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization, including convertible and preferred securities, and in securities issued by dividend-paying companies. It may invest up to 25 percent of its assets in a single industry. The fund may also invest in U.S. government agencies or government sponsored enterprises and investment-grade securities, although the fund may invest up to 25 percent of its total assets in securities with a lower rating by both SP and Moodys.
Icon Equity Mutual Fund Technical Analysis
Icon Equity 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.
Price Boundaries
Icon Equity Period Price Range
Low | November 17, 2024
| High |
0.00 | 0.00 |
Icon Equity Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Icon Equity November 17, 2024 Market Strength
Market strength indicators help investors to evaluate how Icon Equity mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icon Equity shares will generate the highest return on investment. By undertsting and applying Icon Equity mutual fund market strength indicators, traders can identify Icon Equity Income entry and exit signals to maximize returns
Icon Equity Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Icon Equity's price direction in advance. Along with the technical and fundamental analysis of Icon Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Icon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0563 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0606 |
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| Volatility Indicators | ||
| Volume Indicators |
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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