Icon Energy Corp Stock Probability of Future Stock Price Finishing Over 17.19
| ICON Stock | USD 2.56 0.24 8.57% |
Icon |
Icon Energy Target Price Odds to finish over 17.19
The tendency of Icon Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 17.19 or more in 90 days |
| 2.56 | 90 days | 17.19 | close to zero percent |
Based on a normal probability distribution, the odds of Icon Energy to move over $ 17.19 or more in 90 days from now is close to zero percent (This Icon Energy Corp probability density function shows the probability of Icon Stock to fall within a particular range of prices over 90 days) . Probability of Icon Energy Corp price to stay between its current price of $ 2.56 and $ 17.19 at the end of the 90-day period is about 8.21 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.65 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Icon Energy will likely underperform. Additionally Icon Energy Corp has an alpha of 0.057, implying that it can generate a 0.057 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Icon Energy Price Density |
| Price |
Predictive Modules for Icon Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Icon Energy Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Icon Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Icon Energy is not an exception. The market had few large corrections towards the Icon Energy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Icon Energy Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Icon Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 1.65 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | 0.02 |
Icon Energy Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Icon Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Icon Energy Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Icon Energy Corp had very high historical volatility over the last 90 days | |
| Icon Energy Corp has a strong financial position based on the latest SEC filings | |
| About 14.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Icon Energy Corp. Stock Dips Amidst Market Volatility |
Icon Energy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Icon Stock often depends not only on the future outlook of the current and potential Icon Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Icon Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 M | |
| Cash And Short Term Investments | 2.7 M |
Icon Energy Technical Analysis
Icon Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Icon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Icon Energy Corp. In general, you should focus on analyzing Icon Stock price patterns and their correlations with different microeconomic environments and drivers.
Icon Energy Predictive Forecast Models
Icon Energy's time-series forecasting models is one of many Icon Energy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Icon Energy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Icon Energy Corp
Checking the ongoing alerts about Icon Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Icon Energy Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Icon Energy Corp had very high historical volatility over the last 90 days | |
| Icon Energy Corp has a strong financial position based on the latest SEC filings | |
| About 14.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Icon Energy Corp. Stock Dips Amidst Market Volatility |
Check out Icon Energy Backtesting, Icon Energy Valuation, Icon Energy Correlation, Icon Energy Hype Analysis, Icon Energy Volatility, Icon Energy History as well as Icon Energy Performance. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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.