Icon Offshore (Malaysia) Price on October 25, 2024
5255 Stock | 1.07 0.04 3.88% |
If you're considering investing in Icon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Icon Offshore stands at 1.07, as last reported on the 29th of November, with the highest price reaching 1.09 and the lowest price hitting 1.04 during the day. Icon Offshore Bhd holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Icon Offshore Bhd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icon Offshore's Market Risk Adjusted Performance of 0.2809, risk adjusted performance of (0.02), and Standard Deviation of 2.85 to validate the risk estimate we provide.
Icon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Icon |
Sharpe Ratio = -0.1205
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Negative Returns | 5255 |
Estimated Market Risk
2.62 actual daily | 23 77% of assets are more volatile |
Expected Return
-0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Icon Offshore is not performing at its full potential. However, 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 Offshore by adding Icon Offshore to a well-diversified portfolio.
Icon Offshore Valuation on October 25, 2024
It is possible to determine the worth of Icon Offshore on a given historical date. On October 25, 2024 Icon was worth 1.07 at the beginning of the trading date compared to the closed value of 1.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Icon Offshore stock. Still, in general, we apply an absolute valuation method to find Icon Offshore'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 Offshore where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Icon Offshore's related companies.
Open | High | Low | Close | Volume | |
1.07 | 1.07 | 1.05 | 1.07 | 223,300 | |
10/25/2024 | 1.07 | 1.08 | 1.07 | 1.07 | 59,100 |
1.07 | 1.07 | 1.05 | 1.05 | 196,700 |
Backtest Icon Offshore | | | Icon Offshore History | | | Icon Offshore Valuation | Previous | Next |
Icon Offshore Trading Date Momentum on October 25, 2024
On October 28 2024 Icon Offshore Bhd was traded for 1.05 at the closing time. The highest price during the trading period was 1.07 and the lowest recorded bid was listed for 1.05 . The volume for the day was 196.7 K. This history from October 28, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.87% . The trading delta at closing time to the current price is 0.93% . |
Icon Offshore Bhd Fundamentals Correlations and Trends
By evaluating Icon Offshore'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 Offshore'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 Offshore Stock history
Icon Offshore 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 Offshore Bhd 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 Offshore stock prices may prove useful in developing a viable investing in Icon Offshore
Icon Offshore Stock Technical Analysis
Icon Offshore technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
Icon Offshore Period Price Range
Low | November 29, 2024
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0.00 | 0.00 |
Icon Offshore Bhd cannot be verified against its exchange. Please verify the symbol is currently traded on Kuala Lumpur 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 Offshore November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Icon Offshore stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icon Offshore shares will generate the highest return on investment. By undertsting and applying Icon Offshore stock market strength indicators, traders can identify Icon Offshore Bhd entry and exit signals to maximize returns
Icon Offshore Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Icon Offshore's price direction in advance. Along with the technical and fundamental analysis of Icon Stock 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 | (0.02) | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.54) | |||
Treynor Ratio | 0.2709 |
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Other Information on Investing in Icon Stock
Icon Offshore financial ratios help investors to determine whether Icon Stock 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 Offshore security.