Icon Offshore Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024 - Marketscreener.com
| 5255 Stock | 0.99 0.03 2.94% |
About 61% of Icon Offshore's investor base is looking to short. The analysis of current outlook of investing in Icon Offshore Bhd suggests that many traders are alarmed regarding Icon Offshore's prospects. Icon Offshore's investing sentiment shows overall attitude of investors towards Icon Offshore Bhd.
Icon Offshore stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Icon daily returns and investor perception about the current price of Icon Offshore Bhd as well as its diversification or hedging effects on your existing portfolios.
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Icon Offshore Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024 Marketscreener.com
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Icon Offshore Fundamental Analysis
We analyze Icon Offshore's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Icon Offshore using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Icon Offshore based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Icon Offshore is rated below average in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Icon Offshore Bhd Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Icon Offshore stock to make a market-neutral strategy. Peer analysis of Icon Offshore could also be used in its relative valuation, which is a method of valuing Icon Offshore by comparing valuation metrics with similar companies.
Peers
Icon Offshore Related Equities
| 0091 | Daya Materials | 20.00 | ||||
| 0148 | Sunzen Biotech | 3.23 | ||||
| 7233 | Dufu Tech | 1.61 | ||||
| 5306 | FARM FRESH | 1.12 | ||||
| 5116 | Al Aqar | 0.72 | ||||
| 7172 | PMB Technology | 2.20 | ||||
| 5255 | Icon Offshore | 2.94 | ||||
| 7219 | Minetech Resources | 7.14 |
Other Information on Investing in Icon Stock
Icon Offshore financial ratios help investors to determine whether Icon Stock 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 Offshore security.