Icon Longshort Fund Market Value
| ISTAX Fund | USD 29.47 0.38 1.31% |
| Symbol | Icon |
Icon Long/short '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 Long/short'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 Long/short.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Icon Long/short on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Icon Longshort Fund or generate 0.0% return on investment in Icon Long/short over 30 days. Icon Long/short is related to or competes with Boston Partners, Diamond Hill, Jpmorgan Research, and Calamos Market. Normally the fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in equ... More
Icon Long/short 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 Long/short'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 Longshort Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7642 | |||
| Information Ratio | 0.0714 | |||
| Maximum Drawdown | 7.19 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.61 |
Icon Long/short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Long/short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Long/short's standard deviation. In reality, there are many statistical measures that can use Icon Long/short historical prices to predict the future Icon Long/short's volatility.| Risk Adjusted Performance | 0.1449 | |||
| Jensen Alpha | 0.0419 | |||
| Total Risk Alpha | 0.0212 | |||
| Sortino Ratio | 0.1081 | |||
| Treynor Ratio | 0.1521 |
Icon Long/short Backtested Returns
Icon Long/short appears to be very steady, given 3 months investment horizon. Icon Long/short holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Icon Long/short, which you can use to evaluate the volatility of the entity. Please utilize Icon Long/short's Risk Adjusted Performance of 0.1449, market risk adjusted performance of 0.1621, and Downside Deviation of 0.7642 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 1.34, 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 Long/short will likely underperform.
Auto-correlation | 0.42 |
Average predictability
Icon Longshort Fund has average predictability. Overlapping area represents the amount of predictability between Icon Long/short time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Long/short price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Icon Long/short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Icon Long/short lagged returns against current returns
Autocorrelation, which is Icon Long/short 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 Long/short's mutual fund expected returns. We can calculate the autocorrelation of Icon Long/short returns to help us make a trade decision. For example, suppose you find that Icon Long/short 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 Long/short 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 Long/short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Long/short 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 Long/short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Icon Long/short Lagged Returns
When evaluating Icon Long/short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Long/short mutual fund have on its future price. Icon Long/short 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 Long/short autocorrelation shows the relationship between Icon Long/short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Longshort Fund.
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 Long/short 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 Long/short security.
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