Icon Healthcare Competition

Summary

Icon Healthcare competes with Saat Moderate, Qs Moderate, Deutsche Multi, Fidelity Managed, and Sierra E; as well as few others. The fund is listed under Health category and is part of ICON Funds family. The entity is thematically classified as Healthcare Funds. Analyzing Icon Healthcare competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Icon Healthcare to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Icon Healthcare competition on your existing holdings.

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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Icon Healthcare. Your research has to be compared to or analyzed against Icon Healthcare's peers to derive any actionable benefits. When done correctly, Icon Healthcare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Icon Healthcare.

Icon Healthcare Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Icon Healthcare and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Icon and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Icon Healthcare does not affect the price movement of the other competitor.

	SMOAX	SCGCX	WBRMEX	PPLSX	FHRVX	SIRZX	SRJIX
SMOAX		0.37	0.24	0.92	0.98	0.87	0.8	SMOAX
SCGCX	0.37		0.93	0.68	0.33	0.68	0.66	SCGCX
WBRMEX	0.24	0.93		0.55	0.17	0.61	0.6	WBRMEX
PPLSX	0.92	0.68	0.55		0.89	0.94	0.89	PPLSX
FHRVX	0.98	0.33	0.17	0.89		0.83	0.77	FHRVX
SIRZX	0.87	0.68	0.61	0.94	0.83		0.87	SIRZX
SRJIX	0.8	0.66	0.6	0.89	0.77	0.87		SRJIX
	SMOAX	SCGCX	WBRMEX	PPLSX	FHRVX	SIRZX	SRJIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Icon Mutual Fund performing well and Icon Healthcare Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Icon Healthcare's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMOAX	0.20	(0.04)	0.00	(0.16)	0.00	0.00	0.34	(0.42)	1.78
SCGCX	0.41	0.00	(0.03)	0.03	0.55	(0.49)	0.87	(0.71)	4.02
WBRMEX	0.68	(0.02)	(0.02)	0.02	0.93	(0.68)	1.61	(1.15)	7.98
PPLSX	0.37	(0.04)	0.00	(0.05)	0.00	0.00	0.69	(0.78)	3.24
FHRVX	0.25	(0.04)	0.00	(0.14)	0.00	0.00	0.55	(0.52)	2.11
SIRZX	0.22	(0.04)	0.00	(0.09)	0.00	0.00	0.48	(0.48)	2.43
SRJIX	0.40	(0.06)	0.00	(0.08)	0.00	0.00	0.81	(0.80)	3.13

Unable to evaluate fundamental data of [SMOAX, SCGCX, WBRMEX, PPLSX, FHRVX, SIRZX, SRJIX] at this time. Please try again later

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Icon Healthcare Competitive Analysis

The better you understand Icon Healthcare competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Icon Healthcare's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Icon Healthcare's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	SMOAX	SCGCX	WBRMEX	PPLSX	FHRVX	SIRZX	SRJIX
	0.26 11.72 Saat	0.71 18.41 SCGCX	0.75 327.66 Wilmington	0.69 10.17 Deutsche	0.30 54.04 Fidelity	0.48 22.93 Sierra	0.54 20.58 Jpmorgan
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Weak	Weak	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	About Average	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Hold	Hold	Strong Hold	Hold	Hold	Strong Hold
Net Asset	94.36 M	490.16 M	N/A	28.67 M	5.63 M	807.51 M	6.65 B
Minimum Initial Investment	100 K	N/A	N/A	2.5 K	N/A	N/A	N/A
Price To Book	2.21 X	1.94 X	N/A	2.21 X	N/A	1.99 X	2.00 X
Five Year Return	2.75 %	6.82 %	N/A	5.59 %	3.96 %	1.34 %	7.36 %
One Year Return	6.85 %	15.51 %	N/A	10.66 %	7.16 %	6.08 %	13.99 %
Last Dividend Paid	0.03	N/A	N/A	0.11	0.02	0.25	0.06
Price To Earning	17.34 X	16.16 X	N/A	18.31 X	N/A	16.11 X	17.20 X
Price To Sales	1.19 X	1.18 X	N/A	1.57 X	N/A	1.17 X	1.49 X
Equity Positions Weight	32.73 %	73.89 %	N/A	66.44 %	35.85 %	0.92 %	71.64 %
Cash Position Weight	12.08 %	4.77 %	N/A	4.82 %	5.00 %	97.48 %	6.44 %
Three Year Return	1.06 %	4.57 %	N/A	2.99 %	0.89 %	0.77 %	4.11 %
Annual Yield	0.03 %	0.01 %	N/A	0.02 %	0.03 %	0.03 %	0.02 %
Year To Date Return	6.40 %	15.02 %	N/A	9.21 %	6.30 %	5.30 %	12.30 %
Bond Positions Weight	51.71 %	3.72 %	N/A	27.73 %	7.08 %	(0.44) %	2.07 %
Ten Year Return	5.07 %	6.56 %	N/A	6.76 %	7.51 %	2.60 %	8.67 %
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	11.72	18.41	327.66	10.17	54.04	22.93	20.58
Period Momentum Indicator	0.03	0.13	2.45	0.07	0.16	0.11	0.11
Rate Of Daily Change	1.0	1.01	1.01	1.01	1.0	1.0	1.01
Day Median Price	11.72	18.41	327.66	10.17	54.04	22.93	20.58
Price Action Indicator	0.015	0.065	1.23	0.035	0.08	0.055	0.055
Coefficient Of Variation	(1,113)	2130.31	3477.34	(4,296)	(1,436)	(1,821)	(1,821)
Mean Deviation	0.1976	0.4091	0.6757	0.3737	0.253	0.2225	0.4002
Jensen Alpha	(0.04)	(0)	(0.02)	(0.04)	(0.04)	(0.04)	(0.06)
Total Risk Alpha	(0.05)	(0.01)	(0.02)	(0.04)	(0.05)	(0.04)	(0.06)
Sortino Ratio	N/A	(0.03)	(0.02)	N/A	N/A	N/A	N/A
Downside Variance	N/A	0.4545	0.955	N/A	N/A	N/A	N/A
Standard Deviation	0.2672	0.5841	1.0	0.5167	0.3431	0.3477	0.5558
Kurtosis	3.22	4.23	6.1	5.31	2.35	6.9	3.61
Potential Upside	0.3376	0.8677	1.61	0.6931	0.5459	0.4829	0.8111
Treynor Ratio	(0.16)	0.0304	0.0163	(0.05)	(0.14)	(0.09)	(0.08)
Maximum Drawdown	1.78	4.02	7.98	3.24	2.11	2.43	3.13
Variance	0.0714	0.3412	1.01	0.267	0.1177	0.1209	0.3089
Market Risk Adjusted Performance	(0.15)	0.0404	0.0263	(0.04)	(0.13)	(0.08)	(0.07)
Risk Adjusted Performance	(0.09)	0.0338	0.025	(0.02)	(0.07)	(0.06)	(0.05)
Skewness	(0.87)	(0.86)	0.3308	(1.40)	(0.61)	(1.22)	(1.31)
Semi Deviation	N/A	0.5478	0.9303	N/A	N/A	N/A	N/A
Information Ratio	(0.26)	(0.03)	(0.02)	(0.11)	(0.20)	(0.18)	(0.14)
Value At Risk	(0.42)	(0.71)	(1.15)	(0.78)	(0.52)	(0.48)	(0.80)
Expected Short fall	N/A	(0.49)	(0.68)	N/A	N/A	N/A	N/A
Downside Deviation	N/A	0.6741	0.9772	N/A	N/A	N/A	N/A
Semi Variance	N/A	0.3001	0.8656	N/A	N/A	N/A	N/A

Icon Healthcare Competition Performance Charts

Five steps to successful analysis of Icon Healthcare Competition

Icon Healthcare's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Icon Healthcare in relation to its competition. Icon Healthcare's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Icon Healthcare in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Icon Healthcare's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Icon Healthcare, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Icon Healthcare position

In addition to having Icon Healthcare 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.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Other Consideration for investing in Icon Mutual Fund

If you are still planning to invest in Icon Healthcare check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Icon Healthcare's history and understand the potential risks before investing.

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