Icon Bond Competition

IOBZX Fund

USD 8.73 0.02 0.23%

Icon Bond Fund competes with Ab Core, Vanguard Strategic, Materials Portfolio, Semiconductor Ultrasector, and Rbb Fund; as well as few others. The fund is listed under Multisector Bond category and is part of ICON Funds family. Analyzing Icon Bond competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Icon Bond to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Icon Bond Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Icon Bond competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
8.61	8.73	8.85

Details

Intrinsic

Valuation

Low	Real	High
7.90	8.02	9.60

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Icon Bond. Your research has to be compared to or analyzed against Icon Bond's peers to derive any actionable benefits. When done correctly, Icon Bond's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Icon Bond Fund.

Icon Bond Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Icon Bond and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Icon and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Icon Bond Fund does not affect the price movement of the other competitor.

	ADGAX	VSTCX	FMFTX	SMPIX	OPTCX	VOLMX	AUERX
ADGAX		0.91	0.7	0.84	0.94	0.99	0.72	ADGAX
VSTCX	0.91		0.56	0.75	0.94	0.92	0.65	VSTCX
FMFTX	0.7	0.56		0.71	0.64	0.66	0.88	FMFTX
SMPIX	0.84	0.75	0.71		0.78	0.82	0.64	SMPIX
OPTCX	0.94	0.94	0.64	0.78		0.95	0.63	OPTCX
VOLMX	0.99	0.92	0.66	0.82	0.95		0.66	VOLMX
AUERX	0.72	0.65	0.88	0.64	0.63	0.66		AUERX
	ADGAX	VSTCX	FMFTX	SMPIX	OPTCX	VOLMX	AUERX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Icon Mutual Fund performing well and Icon Bond Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Icon Bond's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ADGAX	0.55	(0.02)	(0.04)	0.10	0.69	(0.57)	1.11	(1.59)	4.36
VSTCX	0.89	0.17	0.06	1.43	0.81	(0.99)	2.14	(1.52)	6.89
FMFTX	0.76	(0.05)	(0.06)	0.06	0.88	(0.80)	1.62	(1.47)	4.25
SMPIX	2.73	0.16	0.01	(1.68)	3.97	(2.47)	5.38	(6.39)	18.07
OPTCX	0.16	0.04	(0.39)	1.11	0.00	(0.24)	0.41	(0.21)	1.07
VOLMX	0.60	0.00	(0.01)	0.12	0.57	(0.70)	1.14	(1.35)	4.49
AUERX	0.73	(0.08)	(0.08)	0.03	0.96	(0.77)	1.62	(1.45)	4.29

Unable to evaluate fundamental data of [ADGAX, VSTCX, FMFTX, SMPIX, OPTCX, VOLMX, AUERX] at this time. Please try again later

All Fundamental Data

Icon Bond Competitive Analysis

The better you understand Icon Bond competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Icon Bond's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Icon Bond's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	IOBZX	ADGAX	VSTCX	FMFTX	SMPIX	OPTCX	VOLMX	AUERX
	0.23 8.73 Icon	0.54 26.13 ADGAX	0.45 46.89 VANGUARD	0.58 99.97 Materials	0.20 44.53 Semiconductor	0.10 9.71 Rbb	0.34 26.94 Volumetric	1.07 17.62 Auer
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Good	OK	Good	Modest	Insignificant	Solid	Good	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Over Valued	Over Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Hold	Strong Hold	Strong Hold	Strong Sell	Strong Sell	Strong Hold	Strong Hold
Net Asset	154.84 M	170.68 M	1.39 B	1.41 B	123.22 M	N/A	36.55 M	41.54 M
Minimum Initial Investment	1 K	2.5 K	3 K	N/A	15 K	N/A	500	2 K
Price To Book	N/A	3.21 X	1.70 X	3.12 X	3.32 X	N/A	2.53 X	1.48 X
Five Year Return	4.06 %	12.60 %	14.61 %	11.22 %	47.93 %	N/A	8.74 %	19.22 %
One Year Return	10.64 %	31.26 %	42.69 %	14.83 %	100.00 %	N/A	25.69 %	26.47 %
Last Dividend Paid	0.03	N/A	0.06	0.02	N/A	N/A	N/A	N/A
Price To Earning	N/A	20.19 X	16.04 X	18.06 X	13.29 X	N/A	17.28 X	12.47 X
Price To Sales	N/A	2.59 X	0.65 X	1.42 X	3.32 X	N/A	1.27 X	0.97 X
Cash Position Weight	10.51 %	2.49 %	N/A	1.42 %	26.48 %	N/A	14.70 %	1.14 %
Equity Positions Weight	2.10 %	97.51 %	99.95 %	98.58 %	73.52 %	N/A	85.30 %	98.86 %
Three Year Return	3.64 %	8.76 %	9.58 %	2.49 %	31.46 %	N/A	5.17 %	17.72 %
Annual Yield	0.06 %	0 %	0.01 %	0.01 %	N/A	N/A	N/A	0.01 %
Year To Date Return	7.83 %	24.09 %	25.87 %	9.25 %	99.21 %	N/A	19.17 %	17.54 %
Bond Positions Weight	70.52 %	N/A	0.05 %	N/A	N/A	N/A	N/A	N/A
Ten Year Return	3.54 %	13.49 %	9.39 %	5.30 %	22.01 %	N/A	7.57 %	1.26 %
Daily Balance Of Power	9.2 T	9.2 T	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	(9,223,372,036,855)	9.2 T	(9,223,372,036,855)
Day Typical Price	8.73	26.13	46.89	99.97	44.53	9.71	26.94	17.62
Period Momentum Indicator	0.02	0.14	(0.21)	(0.58)	(0.09)	(0.01)	0.09	(0.19)
Rate Of Daily Change	1.0	1.01	1.0	0.99	1.0	1.0	1.0	0.99
Day Median Price	8.73	26.13	46.89	99.97	44.53	9.71	26.94	17.62
Price Action Indicator	0.01	0.07	(0.11)	(0.29)	(0.04)	(0.01)	0.045	(0.1)
Coefficient Of Variation	468.68	825.05	647.63	1419.87	2233.23	381.32	665.36	2239.44
Mean Deviation	0.0917	0.5511	0.886	0.7579	2.73	0.1613	0.6	0.7288
Jensen Alpha	0.0125	(0.02)	0.1696	(0.05)	0.1639	0.0409	7.0E-4	(0.08)
Total Risk Alpha	(0)	(0.04)	(0.01)	(0.09)	(0.41)	0.0128	(0.01)	(0.12)
Sortino Ratio	(0.64)	(0.04)	0.0639	(0.06)	0.0079	(0.39)	(0.01)	(0.08)
Downside Variance	0.0264	0.7386	1.08	0.9356	19.15	0.0355	0.5821	1.11
Standard Deviation	0.1151	0.7838	1.26	0.9733	3.64	0.213	0.8061	0.9981
Kurtosis	(0.17)	1.81	4.11	1.46	1.78	2.27	2.6	1.53
Potential Upside	0.2302	1.11	2.14	1.62	5.38	0.4145	1.14	1.62
Treynor Ratio	0.8322	0.1	1.43	0.0617	(1.68)	1.11	0.1193	0.035
Maximum Drawdown	0.4608	4.36	6.89	4.25	18.07	1.07	4.49	4.29
Variance	0.0133	0.6143	1.59	0.9474	13.27	0.0454	0.6498	0.9962
Market Risk Adjusted Performance	0.8422	0.11	1.44	0.0717	(1.67)	1.12	0.1293	0.045
Risk Adjusted Performance	0.1067	0.0929	0.122	0.056	0.0421	0.1745	0.1154	0.0365
Skewness	(0.35)	(0.30)	1.13	(0.20)	(0.67)	0.9307	0.3292	(0.27)
Semi Deviation	0.0	0.6928	0.8143	0.8831	3.97	0.0	0.5704	0.9636
Information Ratio	(0.90)	(0.04)	0.0525	(0.06)	0.0095	(0.34)	(0.01)	(0.08)
Value At Risk	(0.23)	(1.59)	(1.52)	(1.47)	(6.39)	(0.21)	(1.35)	(1.45)
Expected Short fall	(0.14)	(0.57)	(0.99)	(0.80)	(2.47)	(0.24)	(0.70)	(0.77)
Downside Deviation	0.1625	0.8594	1.04	0.9673	4.38	0.1885	0.763	1.06
Semi Variance	(0.02)	0.48	0.6631	0.78	15.79	(0.04)	0.3253	0.9285

Icon Bond Competition Performance Charts

Five steps to successful analysis of Icon Bond Competition

Icon Bond's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Icon Bond Fund in relation to its competition. Icon Bond's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Icon Bond in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Icon Bond's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Icon Bond Fund, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Icon Bond position

In addition to having Icon Bond 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.

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Consumption

Companies that deliver final goods such as cars or clothing for consumption by consumers. The Consumption theme has 19 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 Consumption Theme or any other thematic opportunities.

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Other Information on Investing in Icon Mutual Fund

Icon Bond 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 Bond security.

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