Icon Debt Ratio from 2010 to 2024
| ICON Stock | USD 2.80 0.06 2.19% |
Debt Ratio | First Reported 2010-12-31 | Previous Quarter 0.14 | Current Value 0.13 | Quarterly Volatility 0.36191949 |
Check Icon Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Icon Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1 M, Interest Expense of 2.6 K or Selling General Administrative of 17.1 K, as well as many indicators such as Price To Sales Ratio of 0.97, Dividend Yield of 0.46 or PTB Ratio of 0.47. Icon financial statements analysis is a perfect complement when working with Icon Energy Valuation or Volatility modules.
Icon | Debt Ratio |
Latest Icon Energy's Debt Ratio Growth Pattern
Below is the plot of the Debt Ratio of Icon Energy Corp over the last few years. It is Icon Energy's Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Icon Energy's overall financial position and show how it may be relating to other accounts over time.
| Debt Ratio | 10 Years Trend |
|
Debt Ratio |
| Timeline |
Icon Debt Ratio Regression Statistics
| Arithmetic Mean | 0.50 | |
| Geometric Mean | 0.38 | |
| Coefficient Of Variation | 72.52 | |
| Mean Deviation | 0.28 | |
| Median | 0.49 | |
| Standard Deviation | 0.36 | |
| Sample Variance | 0.13 | |
| Range | 1.146 | |
| R-Value | (0.27) | |
| Mean Square Error | 0.13 | |
| R-Squared | 0.07 | |
| Significance | 0.33 | |
| Slope | (0.02) | |
| Total Sum of Squares | 1.83 |
Icon Debt Ratio History
Other Fundumenentals of Icon Energy Corp
Icon Energy Debt Ratio component correlations
Click cells to compare fundamentals
About Icon Energy Financial Statements
Icon Energy investors utilize fundamental indicators, such as Debt Ratio, to predict how Icon Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Debt Ratio | 0.14 | 0.13 | |
| Cash Flow To Debt Ratio | 0.32 | 0.34 |
Pair Trading with Icon Energy
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 Energy 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 Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Icon Stock
| 0.73 | DSX-PB | Diana Shipping | PairCorr |
| 0.65 | NMM | Navios Maritime Partners | PairCorr |
| 0.64 | CMRE-PD | Costamare | PairCorr |
| 0.63 | DSX | Diana Shipping | PairCorr |
| 0.56 | OP | Oceanpal | PairCorr |
The ability to find closely correlated positions to Icon Energy 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 Energy 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 Energy - 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 Energy Corp to buy it.
The correlation of Icon Energy 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 Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icon Energy Corp 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 Energy 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.Check out the analysis of Icon Energy Correlation against competitors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icon Energy. If investors know Icon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.326 | Earnings Share 0.95 | Revenue Per Share 24.43 | Quarterly Revenue Growth 0.178 |
The market value of Icon Energy Corp is measured differently than its book value, which is the value of Icon that is recorded on the company's balance sheet. Investors also form their own opinion of Icon Energy's value that differs from its market value or its book value, called intrinsic value, which is Icon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icon Energy's market value can be influenced by many factors that don't directly affect Icon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.