Icon Longshort Fund Probability of Future Mutual Fund Price Finishing Under 20.27
| ISTAX Fund | USD 26.56 2.78 9.48% |
Icon |
Icon Long/short Target Price Odds to finish below 20.27
The tendency of Icon Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 20.27 or more in 90 days |
| 26.56 | 90 days | 20.27 | near 1 |
Based on a normal probability distribution, the odds of Icon Long/short to drop to $ 20.27 or more in 90 days from now is near 1 (This Icon Longshort Fund probability density function shows the probability of Icon Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Icon Long/short price to stay between $ 20.27 and its current price of $26.56 at the end of the 90-day period is about 41.04 .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.24 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Icon Long/short will likely underperform. Additionally Icon Longshort Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Icon Long/short Price Density |
| Price |
Predictive Modules for Icon Long/short
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Icon Long/short. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Icon Long/short Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Icon Long/short is not an exception. The market had few large corrections towards the Icon Long/short's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Icon Longshort Fund, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Icon Long/short within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 1.24 | |
σ | Overall volatility | 1.24 | |
Ir | Information ratio | -0.05 |
Icon Long/short Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Icon Long/short for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Icon Long/short can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund retains about 16.89% of its assets under management (AUM) in cash |
Icon Long/short Technical Analysis
Icon Long/short's future price can be derived by breaking down and analyzing its technical indicators over time. Icon Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Icon Longshort Fund. In general, you should focus on analyzing Icon Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Icon Long/short Predictive Forecast Models
Icon Long/short's time-series forecasting models is one of many Icon Long/short's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Icon Long/short's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Icon Long/short
Checking the ongoing alerts about Icon Long/short for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Icon Long/short help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund retains about 16.89% of its assets under management (AUM) in cash |
Other Information on Investing in Icon Mutual Fund
Icon Long/short 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 Long/short security.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |