ICON PROPERTIES (Malawi) Market Value
| ICON Stock | 18.05 0.00 0.00% |
| Symbol | ICON |
ICON PROPERTIES '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 PROPERTIES'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 PROPERTIES.
| 12/24/2023 |
| 12/18/2024 |
If you would invest 0.00 in ICON PROPERTIES on December 24, 2023 and sell it all today you would earn a total of 0.00 from holding ICON PROPERTIES LIMITED or generate 0.0% return on investment in ICON PROPERTIES over 360 days.
ICON PROPERTIES 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 PROPERTIES'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 PROPERTIES LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1026 | |||
| Information Ratio | 0.1214 | |||
| Maximum Drawdown | 14.46 | |||
| Value At Risk | (0.07) | |||
| Potential Upside | 0.0632 |
ICON PROPERTIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICON PROPERTIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICON PROPERTIES's standard deviation. In reality, there are many statistical measures that can use ICON PROPERTIES historical prices to predict the future ICON PROPERTIES's volatility.| Risk Adjusted Performance | 0.1196 | |||
| Jensen Alpha | 0.3033 | |||
| Total Risk Alpha | 0.1387 | |||
| Sortino Ratio | 2.29 | |||
| Treynor Ratio | (1.63) |
ICON PROPERTIES Backtested Returns
ICON PROPERTIES appears to be not too volatile, given 3 months investment horizon. ICON PROPERTIES holds Efficiency (Sharpe) Ratio of 0.16, which attests that the company had a 0.16% return per unit of volatility over the last 3 months. We have found twenty-three technical indicators for ICON PROPERTIES, which you can use to evaluate the volatility of the entity. Please utilize ICON PROPERTIES's market risk adjusted performance of (1.62), and Downside Deviation of 0.1026 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ICON PROPERTIES holds a performance score of 12. The firm retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ICON PROPERTIES are expected to decrease at a much lower rate. During the bear market, ICON PROPERTIES is likely to outperform the market. Please check ICON PROPERTIES's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether ICON PROPERTIES's current trending patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
ICON PROPERTIES LIMITED has weak reverse predictability. Overlapping area represents the amount of predictability between ICON PROPERTIES time series from 24th of December 2023 to 21st of June 2024 and 21st of June 2024 to 18th of December 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 PROPERTIES price movement. The serial correlation of -0.25 indicates that over 25.0% of current ICON PROPERTIES price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
ICON PROPERTIES lagged returns against current returns
Autocorrelation, which is ICON PROPERTIES 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 PROPERTIES's stock expected returns. We can calculate the autocorrelation of ICON PROPERTIES returns to help us make a trade decision. For example, suppose you find that ICON PROPERTIES 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 PROPERTIES 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 PROPERTIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICON PROPERTIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICON PROPERTIES stock over time.
Current vs Lagged Prices |
| Timeline |
ICON PROPERTIES Lagged Returns
When evaluating ICON PROPERTIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICON PROPERTIES stock have on its future price. ICON PROPERTIES 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 PROPERTIES autocorrelation shows the relationship between ICON PROPERTIES stock current value and its past values and can show if there is a momentum factor associated with investing in ICON PROPERTIES LIMITED.
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.Additional Tools for ICON Stock Analysis
When running ICON PROPERTIES's price analysis, check to measure ICON PROPERTIES'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 ICON PROPERTIES is operating at the current time. Most of ICON PROPERTIES's value examination focuses on studying past and present price action to predict the probability of ICON PROPERTIES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICON PROPERTIES's price. Additionally, you may evaluate how the addition of ICON PROPERTIES to your portfolios can decrease your overall portfolio volatility.