ICON Project Financials
| ICX Crypto | USD 0.25 0.02 8.70% |
ICON |
Please note, the presentation of ICON Project's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ICON Project's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of ICON Project's management manipulating its earnings.
ICON Project Crypto Summary
ICON Project competes with Ethereum, Cardano, Avalanche, Hedera Hashgraph, and Near. ICON Project is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | Dow Jones Industrial |
| Currency | USD - US Dollar |
ICON Project Systematic Risk
ICON Project's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ICON Project volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Beta measures systematic risk based on how returns on ICON Project correlated with the market. If Beta is less than 0 ICON Project generally moves in the opposite direction as compared to the market. If ICON Project Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ICON Project is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ICON Project is generally in the same direction as the market. If Beta > 1 ICON Project moves generally in the same direction as, but more than the movement of the benchmark.
ICON Project December 3, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of ICON Project help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ICON Project. We use our internally-developed statistical techniques to arrive at the intrinsic value of ICON Project based on widely used predictive technical indicators. In general, we focus on analyzing ICON Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ICON Project's daily price indicators and compare them against related drivers.
| Downside Deviation | 7.23 | |||
| Information Ratio | 0.2321 | |||
| Maximum Drawdown | 16.03 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 8.33 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICON Project. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.