Icon Financial Correlations

Mutual Funds . USA . 
Fund . Icon Financial Fund
ICFAX Fund  USD 11.52  0.16  1.41%   
The current 90-days correlation between Icon Financial and Loomis Sayles Inflation is -0.03 (i.e., Good diversification). The correlation of Icon Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Icon Financial Correlation With Market

Very poor diversification

The correlation between Icon Financial Fund and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icon Financial Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icon Financial Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Icon Mutual Fund

  0.61IOBZX Icon Bond FundPairCorr
  0.84IOEZX Icon Equity IncomePairCorr
  0.93IOLZX Icon Long/shortPairCorr
  0.93ISTAX Icon Long/shortPairCorr
  0.93ICBAX Icon Natural ResourcesPairCorr
  0.93ICBMX Icon Natural ResourcesPairCorr
  1.0ICFSX Icon FinancialPairCorr
  0.78ICTEX Icon Information TecPairCorr
  0.77ICTTX Icon Information TecPairCorr
  0.83IEQAX Icon Equity IncomePairCorr
  0.91VFAIX Vanguard Financials IndexPairCorr
  0.87FRBCX Regional BankPairCorr
  0.87JRGRX Regional BankPairCorr
  0.91PRISX T Rowe PricePairCorr
  0.91FIDCX Financial IndustriesPairCorr
  0.91JFDRX Financial IndustriesPairCorr
  0.91TFIFX T Rowe PricePairCorr
  0.92DVFYX Davis FinancialPairCorr
  0.92RPFGX Davis FinancialPairCorr
  0.92DFFCX Davis FinancialPairCorr
  0.91ASG Liberty All StarPairCorr
  0.88CII Blackrock EnhancedPairCorr
  0.87ETV Eaton Vance TaxPairCorr
  0.85CLM Cornerstone StrategicPairCorr
  0.83CRF Cornerstone StrategicPairCorr
  0.91USA Liberty All StarPairCorr
  0.85ETY Eaton Vance TaxPairCorr
  0.74NFJ Virtus Dividend InterestPairCorr
  0.93LTFOX Lord Abbett AffiliatedPairCorr
  0.9FBALX Fidelity BalancedPairCorr
  0.82RQECX Resq Dynamic AllocationPairCorr
  0.88GAB Gabelli Equity TrustPairCorr
  0.91SCRYX Small Cap CorePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Icon Mutual Fund performing well and Icon Financial Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Icon Financial's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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