Icon (Israel) Market Value
| ICON Stock | 455.00 5.50 1.22% |
| Symbol | Icon |
Icon 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Icon's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Icon.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in Icon on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Icon Group or generate 0.0% return on investment in Icon over 720 days. Icon is related to or competes with Adgar Investments, Clal Biotechnology, Terminal X, GODM Investments, Aura Investments, and Harel Insurance. More
Icon Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Icon's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Icon Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.75 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.45 |
Icon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon's standard deviation. In reality, there are many statistical measures that can use Icon historical prices to predict the future Icon's volatility.| Risk Adjusted Performance | 0.0233 | |||
| Jensen Alpha | 0.062 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.14) |
Icon Group Backtested Returns
Icon appears to be very steady, given 3 months investment horizon. Icon Group holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Icon Group, which you can use to evaluate the volatility of the firm. Please utilize Icon's Downside Deviation of 2.31, market risk adjusted performance of (0.13), and Risk Adjusted Performance of 0.0233 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Icon holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Icon are expected to decrease at a much lower rate. During the bear market, Icon is likely to outperform the market. Please check Icon's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Icon's current trending patterns will revert.
Auto-correlation | -0.23 |
Weak reverse predictability
Icon Group has weak reverse predictability. Overlapping area represents the amount of predictability between Icon time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Icon Group price movement. The serial correlation of -0.23 indicates that over 23.0% of current Icon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 790.6 |
Icon Group lagged returns against current returns
Autocorrelation, which is Icon stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Icon's stock expected returns. We can calculate the autocorrelation of Icon returns to help us make a trade decision. For example, suppose you find that Icon has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Icon regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Icon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icon stock over time.
Current vs Lagged Prices |
| Timeline |
Icon Lagged Returns
When evaluating Icon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon stock have on its future price. Icon autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Icon autocorrelation shows the relationship between Icon stock current value and its past values and can show if there is a momentum factor associated with investing in Icon Group.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Icon Stock
Icon 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 security.