ICON Project Performance
| ICX Crypto | USD 0.19 0.01 5.56% |
The entity retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ICON Project's returns are expected to increase less than the market. However, during the bear market, the loss of holding ICON Project is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in ICON Project are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, ICON Project exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
ICON |
ICON Project Relative Risk vs. Return Landscape
If you would invest 13.00 in ICON Project on August 27, 2024 and sell it today you would earn a total of 6.00 from holding ICON Project or generate 46.15% return on investment over 90 days. ICON Project is generating 0.6905% of daily returns assuming 4.6263% volatility of returns over the 90 days investment horizon. Simply put, 41% of all crypto coins have less volatile historical return distribution than ICON Project, and 87% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ICON Project Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICON Project's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ICON Project, and traders can use it to determine the average amount a ICON Project's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1493
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.63 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.69 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average ICON Project is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of ICON Project by adding it to a well-diversified portfolio.
About ICON Project Performance
By analyzing ICON Project's fundamental ratios, stakeholders can gain valuable insights into ICON Project's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ICON Project has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if ICON Project has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ICON Project is peer-to-peer digital currency powered by the Blockchain technology.| ICON Project has some characteristics of a very speculative cryptocurrency | |
| ICON Project appears to be risky and price may revert if volatility continues |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICON Project. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.