Icon Longshort Fund Manager Performance Evaluation
| ISTAX Fund | USD 29.47 0.38 1.31% |
The fund retains a Market Volatility (i.e., Beta) of 1.32, 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.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Icon Longshort Fund are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Icon Long/short may actually be approaching a critical reversion point that can send shares even higher in December 2024.
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| Expense Ratio Date | 24th of January 2020 | |
| Expense Ratio | 1.3600 |
Icon |
Icon Long/short Relative Risk vs. Return Landscape
If you would invest 2,578 in Icon Longshort Fund on August 28, 2024 and sell it today you would earn a total of 295.00 from holding Icon Longshort Fund or generate 11.44% return on investment over 90 days. Icon Longshort Fund is currently producing 0.1844% returns and takes up 1.1674% volatility of returns over 90 trading days. Put another way, 10% of traded mutual funds are less volatile than Icon, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Icon Long/short Current Valuation
Fairly Valued
Today
Please note that Icon Long/short's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Icon Long/short retains a regular Real Value of $29.6 per share. The prevalent price of the fund is $29.47. We determine the value of Icon Long/short from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will come together.
Since Icon Long/short is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Icon Mutual Fund. However, Icon Long/short's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 29.47 | Real 29.6 | Hype 29.51 |
The intrinsic value of Icon Long/short's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Icon Long/short's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Icon Longshort Fund helps investors to forecast how Icon mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Icon Long/short more accurately as focusing exclusively on Icon Long/short's fundamentals will not take into account other important factors: Icon Long/short Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Long/short's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Icon Longshort Fund, and traders can use it to determine the average amount a Icon Long/short'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 = 0.1579
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ISTAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.17 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Icon Long/short is performing at about 12% 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 Long/short by adding it to a well-diversified portfolio.
Icon Long/short Fundamentals Growth
Icon Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Icon Long/short, and Icon Long/short fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Icon Mutual Fund performance.
| Price To Earning | 16.13 X | ||||
| Price To Book | 2.05 X | ||||
| Price To Sales | 1.94 X | ||||
| Total Asset | 4.12 M | ||||
About Icon Long/short Performance
Evaluating Icon Long/short's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Icon Long/short 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 Long/short has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Normally the fund will invest at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities traded in the U.S. ICON believes that equity markets go through themes over time, simply stated, stocks in industries that were market leaders at one time tend to become overpriced relative to intrinsic value, and stocks in industries that were not in favor tend to drop below intrinsic value.Things to note about Icon Long/short performance evaluation
Checking the ongoing alerts about Icon Long/short for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Icon Long/short help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of 0.0% | |
| Icon Long/short retains about 16.89% of its assets under management (AUM) in cash |
- Analyzing Icon Long/short's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Icon Long/short's stock is overvalued or undervalued compared to its peers.
- Examining Icon Long/short's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Icon Long/short's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Icon Long/short's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Icon Long/short's mutual fund. These opinions can provide insight into Icon Long/short's potential for growth and whether the stock is currently undervalued or overvalued.
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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