Iconic Brands Stock Market Value
| ICNB Stock | USD 0.0001 0.00 0.00% |
| Symbol | Iconic |
Iconic Brands '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 Iconic Brands' pink sheet 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 Iconic Brands.
| 11/14/2023 |
| 11/08/2024 |
If you would invest 0.00 in Iconic Brands on November 14, 2023 and sell it all today you would earn a total of 0.00 from holding Iconic Brands or generate 0.0% return on investment in Iconic Brands over 360 days. Iconic Brands is related to or competes with Diageo Plc, Diageo PLC, Pernod Ricard, Constellation Brands, Brown Forman, and Thai Beverage. Iconic Brands, Inc. develops, markets, and distributes alcoholic beverages in the United States More
Iconic Brands 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 Iconic Brands' pink sheet 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 Iconic Brands upside and downside potential and time the market with a certain degree of confidence.
Iconic Brands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iconic Brands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iconic Brands' standard deviation. In reality, there are many statistical measures that can use Iconic Brands historical prices to predict the future Iconic Brands' volatility.Iconic Brands Backtested Returns
We have found three technical indicators for Iconic Brands, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Iconic Brands are completely uncorrelated.
Auto-correlation | 0.04 |
Virtually no predictability
Iconic Brands has virtually no predictability. Overlapping area represents the amount of predictability between Iconic Brands time series from 14th of November 2023 to 12th of May 2024 and 12th of May 2024 to 8th 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 Iconic Brands price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Iconic Brands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Iconic Brands lagged returns against current returns
Autocorrelation, which is Iconic Brands pink sheet'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 Iconic Brands' pink sheet expected returns. We can calculate the autocorrelation of Iconic Brands returns to help us make a trade decision. For example, suppose you find that Iconic Brands has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Iconic Brands 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 Iconic Brands pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iconic Brands pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iconic Brands pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Iconic Brands Lagged Returns
When evaluating Iconic Brands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iconic Brands pink sheet have on its future price. Iconic Brands 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, Iconic Brands autocorrelation shows the relationship between Iconic Brands pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Iconic Brands.
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 Iconic Pink Sheet
Iconic Brands financial ratios help investors to determine whether Iconic Pink Sheet 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 Iconic with respect to the benefits of owning Iconic Brands security.