2 ASX shares I loaded up on in November for long-term wealth
ICFSX Fund | USD 9.98 0.10 0.99% |
Slightly above 61% of Icon Financial's investor base is looking to short. The analysis of overall sentiment of trading Icon Financial Fund mutual fund suggests that many investors are alarmed at this time. Icon Financial's investing sentiment can be driven by a variety of factors including economic data, Icon Financial's earnings reports, geopolitical events, and overall market trends.
Icon |
I bought these ASX shares during November to help build my long-term wealth through dividends and capital growth.
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Icon Financial Fundamental Analysis
We analyze Icon Financial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Icon Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Icon Financial based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
Cash Position Weight
Cash Position Weight Comparative Analysis
Icon Financial is currently under evaluation in cash position weight among similar funds. Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Icon Financial 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 Financial mutual fund to make a market-neutral strategy. Peer analysis of Icon Financial could also be used in its relative valuation, which is a method of valuing Icon Financial by comparing valuation metrics with similar companies.
Peers
Icon Financial Related Equities
ICTTX | Icon Information | 0.07 | ||||
ICTEX | Icon Information | 0.06 | ||||
IOEZX | Icon Equity | 0.24 | ||||
IOLZX | Icon Longshort | 0.50 | ||||
ISTAX | Icon Longshort | 0.50 | ||||
ICTVX | Icon Utilities | 0.53 | ||||
ICBMX | Icon Natural | 0.92 | ||||
ICBAX | Icon Natural | 0.94 | ||||
ICFAX | Icon Financial | 1.01 |
Other Information on Investing in Icon Mutual Fund
Icon Financial 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 Financial security.
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