Icon Offshore's market value is the price at which a share of Icon Offshore trades on a public exchange. It measures the collective expectations of Icon Offshore Bhd investors about its performance. Icon Offshore is selling for 1.07 as of the 24th of November 2024. This is a 1.90 percent increase since the beginning of the trading day. The stock's lowest day price was 1.02. With this module, you can estimate the performance of a buy and hold strategy of Icon Offshore Bhd and determine expected loss or profit from investing in Icon Offshore over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
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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.
0.00
09/25/2024
No Change 0.00
0.0
In 2 months and 2 days
11/24/2024
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If you would invest 0.00 in Icon Offshore on September 25, 2024 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 60 days.
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.
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.
Icon Offshore Bhd holds Efficiency (Sharpe) Ratio of -0.0163, which attests that the entity had a -0.0163% return per unit of risk over the last 3 months. Icon Offshore Bhd exposes twenty-four 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 (0.01), market risk adjusted performance of 2.31, and Standard Deviation of 2.86 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0247, 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 -0.0468%. Please make sure to check out Icon Offshore's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Icon Offshore Bhd performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.01
Very weak reverse predictability
Icon Offshore Bhd has very weak reverse predictability. Overlapping area represents the amount of predictability between Icon Offshore time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Offshore Bhd price movement. The serial correlation of -0.01 indicates that just 1.0% of current Icon Offshore price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.01
Spearman Rank Test
-0.52
Residual Average
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Price Variance
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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
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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.