Icon Bond Fund Market Value
| IOBZX Fund | USD 8.74 0.01 0.11% |
| Symbol | Icon |
Icon Bond '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 Bond's mutual fund 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 Bond.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Icon Bond on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Icon Bond Fund or generate 0.0% return on investment in Icon Bond over 30 days. Icon Bond is related to or competes with Pimco Income, Pimco Income, Pimco Income, Pimco Income, Pimco Incme, Pimco Income, and Pimco Income. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in a broad... More
Icon Bond 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 Bond's mutual fund 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 Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1625 | |||
| Information Ratio | (0.88) | |||
| Maximum Drawdown | 0.4608 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.2302 |
Icon Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Icon Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Icon Bond's standard deviation. In reality, there are many statistical measures that can use Icon Bond historical prices to predict the future Icon Bond's volatility.| Risk Adjusted Performance | 0.1068 | |||
| Jensen Alpha | 0.0127 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.62) | |||
| Treynor Ratio | 0.9028 |
Icon Bond Fund Backtested Returns
At this stage we consider Icon Mutual Fund to be very steady. Icon Bond Fund holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Icon Bond Fund, which you can use to evaluate the volatility of the entity. Please check out Icon Bond's Risk Adjusted Performance of 0.1068, coefficient of variation of 469.13, and Market Risk Adjusted Performance of 0.9128 to validate if the risk estimate we provide is consistent with the expected return of 0.0239%. The fund retains a Market Volatility (i.e., Beta) of 0.0161, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Icon Bond's returns are expected to increase less than the market. However, during the bear market, the loss of holding Icon Bond is expected to be smaller as well.
Auto-correlation | 0.64 |
Good predictability
Icon Bond Fund has good predictability. Overlapping area represents the amount of predictability between Icon Bond time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Bond Fund price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Icon Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Icon Bond Fund lagged returns against current returns
Autocorrelation, which is Icon Bond mutual fund'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 Bond's mutual fund expected returns. We can calculate the autocorrelation of Icon Bond returns to help us make a trade decision. For example, suppose you find that Icon Bond has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Bond 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 Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Icon Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Icon Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Icon Bond Lagged Returns
When evaluating Icon Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Icon Bond mutual fund have on its future price. Icon Bond 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 Bond autocorrelation shows the relationship between Icon Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Icon Bond Fund.
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 Mutual Fund
Icon Bond 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 Bond security.
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