Icon Media Holdings Stock Market Value
| ICNM Stock | USD 0.0004 0.0001 33.33% |
| Symbol | Icon |
Icon Media '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 Media's pink sheet 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 Media.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Icon Media on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Icon Media Holdings or generate 0.0% return on investment in Icon Media over 330 days. Icon Media is related to or competes with Boxlight Corp, Siyata Mobile, ClearOne, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. Icon Media Holdings, Inc. operates as a diversified technology company worldwide More
Icon Media 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 Media's pink sheet 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 Media Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 25.79 | |||
| Information Ratio | 0.0502 | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Icon Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Media's standard deviation. In reality, there are many statistical measures that can use Icon Media historical prices to predict the future Icon Media's volatility.| Risk Adjusted Performance | 0.0541 | |||
| Jensen Alpha | 0.9245 | |||
| Total Risk Alpha | (1.65) | |||
| Sortino Ratio | 0.0321 | |||
| Treynor Ratio | 4.58 |
Icon Media Holdings Backtested Returns
Icon Media appears to be out of control, given 3 months investment horizon. Icon Media Holdings holds Efficiency (Sharpe) Ratio of 0.0586, which attests that the entity had a 0.0586% return per unit of risk over the last 3 months. By evaluating Icon Media's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please utilize Icon Media's Market Risk Adjusted Performance of 4.59, downside deviation of 25.79, and Risk Adjusted Performance of 0.0541 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Icon Media holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Icon Media's returns are expected to increase less than the market. However, during the bear market, the loss of holding Icon Media is expected to be smaller as well. Please check Icon Media's maximum drawdown and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Icon Media's current trending patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Icon Media Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Icon Media time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Media Holdings price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Icon Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Icon Media Holdings lagged returns against current returns
Autocorrelation, which is Icon Media pink sheet'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 Media's pink sheet expected returns. We can calculate the autocorrelation of Icon Media returns to help us make a trade decision. For example, suppose you find that Icon Media has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Media 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 Media pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Media pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icon Media pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Icon Media Lagged Returns
When evaluating Icon Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Media pink sheet have on its future price. Icon Media 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 Media autocorrelation shows the relationship between Icon Media pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Icon Media Holdings.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Icon Pink Sheet
Icon Media financial ratios help investors to determine whether Icon Pink Sheet 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 Media security.