Icon Natural Resources Fund Market Value
| ICBMX Fund | USD 18.84 1.32 6.55% |
| Symbol | Icon |
Icon Natural '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 Natural's mutual fund 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 Natural.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Icon Natural on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Icon Natural Resources or generate 0.0% return on investment in Icon Natural over 540 days. Icon Natural is related to or competes with Dws Emerging, Artisan Emerging, Franklin Emerging, Black Oak, Origin Emerging, and Ep Emerging. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity ... More
Icon Natural 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 Natural's mutual fund 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 Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8934 | |||
| Information Ratio | 0.0248 | |||
| Maximum Drawdown | 6.36 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.48 |
Icon Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Natural's standard deviation. In reality, there are many statistical measures that can use Icon Natural historical prices to predict the future Icon Natural's volatility.| Risk Adjusted Performance | 0.1091 | |||
| Jensen Alpha | 0.0034 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0306 | |||
| Treynor Ratio | 0.1182 |
Icon Natural Resources Backtested Returns
At this stage we consider Icon Mutual Fund to be very steady. Icon Natural Resources holds Efficiency (Sharpe) Ratio of 0.0531, which attests that the entity had a 0.0531% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Icon Natural Resources, which you can use to evaluate the volatility of the entity. Please check out Icon Natural's Market Risk Adjusted Performance of 0.1282, risk adjusted performance of 0.1091, and Downside Deviation of 0.8934 to validate if the risk estimate we provide is consistent with the expected return of 0.0717%. The fund retains a Market Volatility (i.e., Beta) of 1.21, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Icon Natural will likely underperform.
Auto-correlation | 0.22 |
Weak predictability
Icon Natural Resources has weak predictability. Overlapping area represents the amount of predictability between Icon Natural time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. 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 Natural Resources price movement. The serial correlation of 0.22 indicates that over 22.0% of current Icon Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Icon Natural Resources lagged returns against current returns
Autocorrelation, which is Icon Natural mutual fund'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 Natural's mutual fund expected returns. We can calculate the autocorrelation of Icon Natural returns to help us make a trade decision. For example, suppose you find that Icon Natural has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Natural 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 Natural mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Natural mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icon Natural mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Icon Natural Lagged Returns
When evaluating Icon Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Natural mutual fund have on its future price. Icon Natural 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 Natural autocorrelation shows the relationship between Icon Natural mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Natural Resources.
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 Mutual Fund
Icon Natural 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 Natural security.
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