Icon Utilities Fund Price on March 25, 3100
| ICTVX Fund | USD 9.31 0.05 0.53% |
Below is the normalized historical share price chart for Icon Utilities Fund extending back to September 30, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Icon Utilities stands at 9.31, as last reported on the 16th of December 2024, with the highest price reaching 9.31 and the lowest price hitting 9.31 during the day.
If you're considering investing in Icon Mutual Fund, it is important to understand the factors that can impact its price. Icon Utilities holds Efficiency (Sharpe) Ratio of -0.0343, which attests that the entity had a -0.0343% return per unit of risk over the last 3 months. Icon Utilities exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Icon Utilities' Downside Deviation of 0.7803, risk adjusted performance of 8.0E-4, and Market Risk Adjusted Performance of (0.02) to validate the risk estimate we provide.
Icon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Icon |
Sharpe Ratio = -0.0343
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| Negative Returns | ICTVX |
Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Icon Utilities is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Icon Utilities by adding Icon Utilities to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Icon Utilities Mutual Fund history
Icon Utilities investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Icon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Icon Utilities will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Icon Utilities stock prices may prove useful in developing a viable investing in Icon Utilities
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies in the Utilities sectors. Equity securities in which the fund may invest include common stocks and preferred stocks of companies of any market capitalization. It is non-diversified.
Icon Utilities Mutual Fund Technical Analysis
Icon Utilities technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Icon Utilities Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Icon Utilities Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Icon Utilities December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Icon Utilities mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icon Utilities shares will generate the highest return on investment. By undertsting and applying Icon Utilities mutual fund market strength indicators, traders can identify Icon Utilities Fund entry and exit signals to maximize returns
Icon Utilities Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Icon Utilities' price direction in advance. Along with the technical and fundamental analysis of Icon Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Icon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | (0.03) |
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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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