Icon Long/short One Year Return vs. Ten Year Return
| IOLZX Fund | USD 28.62 2.78 8.85% |
For Icon Long/short profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Icon Long/short to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Icon Longshort Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Icon Long/short's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Icon Longshort Fund over time as well as its relative position and ranking within its peers.
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Icon Long/short Ten Year Return vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Icon Long/short's current stock value. Our valuation model uses many indicators to compare Icon Long/short value to that of its competitors to determine the firm's financial worth. Icon Longshort Fund is currently considered the top fund in one year return among similar funds. It also is currently considered the top fund in ten year return among similar funds reporting about 0.42 of Ten Year Return per One Year Return. The ratio of One Year Return to Ten Year Return for Icon Longshort Fund is roughly 2.38 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Icon Long/short's earnings, one of the primary drivers of an investment's value.Icon Ten Year Return vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Icon Long/short |
| = | 20.64 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
Icon Long/short |
| = | 8.67 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
Icon Ten Year Return Comparison
Icon Longshort is currently under evaluation in ten year return among similar funds.
Icon Long/short Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Icon Long/short, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Icon Long/short will eventually generate negative long term returns. The profitability progress is the general direction of Icon Long/short's change in net profit over the period of time. It can combine multiple indicators of Icon Long/short, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
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.
Icon Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Icon Long/short. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Icon Long/short position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Icon Long/short's important profitability drivers and their relationship over time.
Use Icon Long/short in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Icon Long/short position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Icon Long/short will appreciate offsetting losses from the drop in the long position's value.Icon Long/short Pair Trading
Icon Longshort Fund Pair Trading Analysis
The ability to find closely correlated positions to Icon Long/short could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icon Long/short when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Icon Long/short - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Icon Longshort Fund to buy it.
The correlation of Icon Long/short is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Icon Long/short moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icon Long/short moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Icon Long/short can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Icon Long/short position
In addition to having Icon Long/short in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Broad Municipals ETFs Thematic Idea Now
Broad Municipals ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Municipals ETFs theme has 50 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Broad Municipals ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Icon Mutual Fund
To fully project Icon Long/short's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Icon Long/short at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Icon Long/short's income statement, its balance sheet, and the statement of cash flows.
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