Iconovo (Sweden) Market Value
| ICO Stock | SEK 1.14 0.04 3.64% |
| Symbol | Iconovo |
Iconovo '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 Iconovo'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 Iconovo.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Iconovo on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Iconovo or generate 0.0% return on investment in Iconovo over 570 days. Iconovo is related to or competes with Immunovia Publ, Luxbright, Scibase AB, Real Heart, Arcoma AB, and Pila Pharma. Iconovo AB develops and licenses inhalation devices in Sweden More
Iconovo 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 Iconovo'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 Iconovo upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 10.87 | |||
| Value At Risk | (6.16) | |||
| Potential Upside | 3.36 |
Iconovo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iconovo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iconovo's standard deviation. In reality, there are many statistical measures that can use Iconovo historical prices to predict the future Iconovo's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (1.02) | |||
| Total Risk Alpha | (1.27) | |||
| Treynor Ratio | 8.82 |
Iconovo Backtested Returns
Iconovo holds Efficiency (Sharpe) Ratio of -0.35, which attests that the entity had a -0.35 % return per unit of risk over the last 3 months. Iconovo exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iconovo's Market Risk Adjusted Performance of 8.83, standard deviation of 2.88, and Risk Adjusted Performance of (0.24) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Iconovo are expected to decrease at a much lower rate. During the bear market, Iconovo is likely to outperform the market. At this point, Iconovo has a negative expected return of -1.02%. Please make sure to check out Iconovo's value at risk, rate of daily change, relative strength index, as well as the relationship between the kurtosis and market facilitation index , to decide if Iconovo performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Iconovo has insignificant predictability. Overlapping area represents the amount of predictability between Iconovo time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 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 Iconovo price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Iconovo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Iconovo lagged returns against current returns
Autocorrelation, which is Iconovo 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 Iconovo's stock expected returns. We can calculate the autocorrelation of Iconovo returns to help us make a trade decision. For example, suppose you find that Iconovo 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 |
Iconovo 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 Iconovo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iconovo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iconovo stock over time.
Current vs Lagged Prices |
| Timeline |
Iconovo Lagged Returns
When evaluating Iconovo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iconovo stock have on its future price. Iconovo 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, Iconovo autocorrelation shows the relationship between Iconovo stock current value and its past values and can show if there is a momentum factor associated with investing in Iconovo.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Iconovo Stock Analysis
When running Iconovo's price analysis, check to measure Iconovo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Iconovo is operating at the current time. Most of Iconovo's value examination focuses on studying past and present price action to predict the probability of Iconovo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iconovo's price. Additionally, you may evaluate how the addition of Iconovo to your portfolios can decrease your overall portfolio volatility.