Icon Income Quality vs Pb Ratio Analysis
| ICON Stock | USD 2.84 0.06 2.16% |
Icon Energy financial indicator trend analysis is infinitely more than just investigating Icon Energy Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Icon Energy Corp is a good investment. Please check the relationship between Icon Energy Income Quality and its Pb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icon Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
Income Quality vs Pb Ratio
Income Quality vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Icon Energy Corp Income Quality account and Pb Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Icon Energy's Income Quality and Pb Ratio is -0.01. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Icon Energy Corp, assuming nothing else is changed. The correlation between historical values of Icon Energy's Income Quality and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Icon Energy Corp are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Income Quality i.e., Icon Energy's Income Quality and Pb Ratio go up and down completely randomly.
Correlation Coefficient | -0.01 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.Pb Ratio
Most indicators from Icon Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Icon Energy Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icon Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. As of the 26th of November 2024, Selling General Administrative is likely to drop to about 17.1 K. In addition to that, Issuance Of Capital Stock is likely to drop to about 506.7 K
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2K | 3K | 2.7K | 2.6K | Depreciation And Amortization | 541K | 1.0M | 1.0M | 1.0M |
Icon Energy fundamental ratios Correlations
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Icon Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Icon Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Icon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Icon Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Icon Stock
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| 0.41 | PXSAP | Pyxis Tankers | PairCorr |
| 0.32 | OP | Oceanpal | PairCorr |
The ability to find closely correlated positions to Icon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Icon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Icon Energy Corp to buy it.
The correlation of Icon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Icon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icon Energy Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Icon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icon Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icon Energy. If investors know Icon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.326 | Earnings Share 0.95 | Revenue Per Share 24.43 | Quarterly Revenue Growth 0.178 |
The market value of Icon Energy Corp is measured differently than its book value, which is the value of Icon that is recorded on the company's balance sheet. Investors also form their own opinion of Icon Energy's value that differs from its market value or its book value, called intrinsic value, which is Icon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icon Energy's market value can be influenced by many factors that don't directly affect Icon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.