Icon Longshort Fund Price on September 30, 2024
| IOLZX Fund | USD 31.53 0.40 1.28% |
Below is the normalized historical share price chart for Icon Longshort Fund 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 Long/short stands at 31.53, as last reported on the 26th of November, with the highest price reaching 31.53 and the lowest price hitting 31.53 during the day.
If you're considering investing in Icon Mutual Fund, it is important to understand the factors that can impact its price. Icon Long/short appears to be very steady, given 3 months investment horizon. Icon Long/short holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Icon Long/short, which you can use to evaluate the volatility of the entity. Please utilize Icon Long/short's Downside Deviation of 0.7651, risk adjusted performance of 0.1391, and Market Risk Adjusted Performance of 0.1559 to validate if our risk estimates are consistent with your expectations.
Icon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Icon |
Sharpe Ratio = 0.1886
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Estimated Market Risk
| 1.17 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Icon Long/short is performing at about 14% 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 Long/short by adding it to a well-diversified portfolio.
Icon Long/short Valuation on September 30, 2024
It is possible to determine the worth of Icon Long/short on a given historical date. On September 30, 2024 Icon was worth 28.29 at the beginning of the trading date compared to the closed value of 28.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Icon Long/short mutual fund. Still, in general, we apply an absolute valuation method to find Icon Long/short'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 Long/short where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Icon Long/short's related companies.
| Open | High | Low | Close | Volume | |
| 28.33 | 28.33 | 28.33 | 28.33 | 1.00 | |
09/30/2024 | 28.29 | 28.29 | 28.29 | 28.29 | 1.00 |
| 28.06 | 28.06 | 28.06 | 28.06 | 1.00 |
| Backtest Icon Long/short | | | Icon Long/short History | | | Icon Long/short Valuation | Previous | Next |
Icon Long/short Trading Date Momentum on September 30, 2024
| On October 01 2024 Icon Longshort Fund was traded for 28.06 at the closing time. The highest daily price throughout the period was 28.06 and the lowest price was 28.06 . There was no trading activity during the period 1.0. Lack of trading volume on 10/01/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.81% . The trading delta at closing time to current closing price is 0.42% . |
Icon Long/short Fundamentals Correlations and Trends
By evaluating Icon Long/short'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 Long/short'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 Long/short Mutual Fund history
Icon Long/short 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 Long/short 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 Long/short stock prices may prove useful in developing a viable investing in Icon Long/short
Normally the fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities traded in the U.S. ICON believes that equity markets go through themes over time, simply stated, stocks in industries that were market leaders at one time tend to become overpriced relative to intrinsic value, and stocks in industries that were not in favor tend to drop below intrinsic value.
Icon Long/short Mutual Fund Technical Analysis
Icon Long/short 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 Long/short Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Icon Longshort Fund 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 Long/short November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Icon Long/short 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 Long/short shares will generate the highest return on investment. By undertsting and applying Icon Long/short mutual fund market strength indicators, traders can identify Icon Longshort Fund entry and exit signals to maximize returns
Icon Long/short Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Icon Long/short'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 | 0.1391 | |||
| Jensen Alpha | 0.0361 | |||
| Total Risk Alpha | 0.0157 | |||
| Sortino Ratio | 0.0976 | |||
| Treynor Ratio | 0.1459 |
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| Volatility Indicators | ||
| Volume Indicators |
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.
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