Icon Offshore (Malaysia) Market Value
| 5255 Stock | 1.00 0.01 1.01% |
| Symbol | Icon |
Icon Offshore 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Icon Offshore's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Icon Offshore.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Icon Offshore on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Icon Offshore Bhd or generate 0.0% return on investment in Icon Offshore over 30 days. Icon Offshore is related to or competes with Oriental Food, Public Bank, Eonmetall Group, Petronas Chemicals, Nova Wellness, Alliance Financial, and Al Aqar. More
Icon Offshore Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Icon Offshore's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Icon Offshore Bhd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.88 |
Icon Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Offshore's standard deviation. In reality, there are many statistical measures that can use Icon Offshore historical prices to predict the future Icon Offshore's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.3399 |
Icon Offshore Bhd Backtested Returns
Icon Offshore Bhd holds Efficiency (Sharpe) Ratio of -0.0656, which attests that the entity had a -0.0656 % 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 Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.3499, and Standard Deviation of 1.9 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Icon Offshore are expected to decrease at a much lower rate. During the bear market, Icon Offshore is likely to outperform the market. At this point, Icon Offshore Bhd has a negative expected return of -0.12%. Please make sure to check out Icon Offshore's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Icon Offshore Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Icon Offshore Bhd has poor reverse predictability. Overlapping area represents the amount of predictability between Icon Offshore time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Icon Offshore Bhd price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Icon Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Icon Offshore Bhd lagged returns against current returns
Autocorrelation, which is Icon Offshore stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Icon Offshore's stock expected returns. We can calculate the autocorrelation of Icon Offshore returns to help us make a trade decision. For example, suppose you find that Icon Offshore has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Icon Offshore regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Icon Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icon Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
Icon Offshore Lagged Returns
When evaluating Icon Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Offshore stock have on its future price. Icon Offshore autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Icon Offshore autocorrelation shows the relationship between Icon Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in Icon Offshore Bhd.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.