Icon Utilities Fund Buy Hold or Sell Recommendation
| ICTVX Fund | USD 9.31 0.05 0.53% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Icon Utilities Fund is 'Cautious Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Icon Utilities Fund given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Icon Utilities Fund, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Icon Utilities Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual funds such as Icon and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Icon Utilities Fund. 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 real.
Icon |
Execute Icon Utilities Buy or Sell Advice
The Icon recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Icon Utilities Fund. Macroaxis does not own or have any residual interests in Icon Utilities Fund or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Icon Utilities' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details |
Icon Utilities Trading Alerts and Improvement Suggestions
| Icon Utilities generated a negative expected return over the last 90 days | |
| The fund retains about 11.73% of its assets under management (AUM) in cash |
Icon Utilities Returns Distribution Density
The distribution of Icon Utilities' historical returns is an attempt to chart the uncertainty of Icon Utilities' future price movements. The chart of the probability distribution of Icon Utilities daily returns describes the distribution of returns around its average expected value. We use Icon Utilities Fund price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Icon Utilities returns is essential to provide solid investment advice for Icon Utilities.
| Mean Return | 0.0009 | Value At Risk | -1.38 | Potential Upside | 1.18 | Standard Deviation | 0.72 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Icon Utilities historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Icon Utilities Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Icon Utilities or ICON Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Icon Utilities' price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Icon fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.28 | |
σ | Overall volatility | 0.70 | |
Ir | Information ratio | -0.14 |
Icon Utilities Volatility Alert
Icon Utilities Fund exhibits relatively low volatility with skewness of -0.14 and kurtosis of -0.35. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Icon Utilities' mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Icon Utilities' mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Icon Utilities Fundamentals Vs Peers
Comparing Icon Utilities' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Icon Utilities' direct or indirect competition across all of the common fundamentals between Icon Utilities and the related equities. This way, we can detect undervalued stocks with similar characteristics as Icon Utilities or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Icon Utilities' fundamental indicators could also be used in its relative valuation, which is a method of valuing Icon Utilities by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Icon Utilities to competition |
| Fundamentals | Icon Utilities | Peer Average |
| Price To Earning | 17.78 X | 6.53 X |
| Price To Book | 1.87 X | 0.74 X |
| Price To Sales | 1.77 X | 0.61 X |
| Annual Yield | 0.02 % | 0.29 % |
| Year To Date Return | 17.96 % | 0.39 % |
| One Year Return | 18.69 % | 4.15 % |
| Three Year Return | 1.59 % | 3.60 % |
| Five Year Return | 5.39 % | 3.24 % |
| Ten Year Return | 10.12 % | 1.79 % |
| Net Asset | 40.15 M | 4.11 B |
| Last Dividend Paid | 0.05 | 0.65 |
| Cash Position Weight | 11.73 % | 10.61 % |
| Equity Positions Weight | 88.26 % | 63.90 % |
Icon Utilities Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Icon . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 9.31 | |||
| Day Typical Price | 9.31 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.05) |
About Icon Utilities Buy or Sell Advice
When is the right time to buy or sell Icon Utilities Fund? Buying financial instruments such as Icon Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in Icon Mutual Fund
Icon Utilities 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 Utilities security.
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