Icon Information Correlations

ICTTX Fund

USD 14.52 0.16 1.11%

The current 90-days correlation between Icon Information Tec and Icon Financial Fund is 0.9 (i.e., Almost no diversification). The correlation of Icon Information 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 Information Correlation With Market

Very poor diversification

The correlation between Icon Information Technology and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icon Information Technology 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 Information Technology. 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 persons.

Moving together with Icon Mutual Fund

0.79	IOBAX	Icon Bond Fund	Pair Corr
0.76	IOBZX	Icon Bond Fund	Pair Corr
0.73	IOEZX	Icon Equity Income	Pair Corr
0.94	IOLZX	Icon Long/short	Pair Corr
0.95	ISTAX	Icon Long/short	Pair Corr
0.89	ICBAX	Icon Natural Resources	Pair Corr
0.89	ICBMX	Icon Natural Resources	Pair Corr
0.96	ICFAX	Icon Financial	Pair Corr
0.96	ICFSX	Icon Financial	Pair Corr
1.0	ICTEX	Icon Information Tec	Pair Corr
0.73	IEQAX	Icon Equity Income	Pair Corr
0.75	FSELX	Fidelity Select Semi	Pair Corr
0.84	SLMCX	Columbia Seligman	Pair Corr
0.84	SCICX	Columbia Seligman	Pair Corr
0.83	CCIFX	Columbia Seligman	Pair Corr
0.79	PRSCX	T Rowe Price	Pair Corr
0.82	JAGTX	Janus Global Technology	Pair Corr
0.74	GAAKX	Gmo Alternative Allo	Pair Corr
0.73	GAAGX	Gmo Alternative Allo	Pair Corr
0.73	GPMFX	Guidepath Managed Futures	Pair Corr
0.7	PQTAX	Pimco Trends Managed	Pair Corr
0.7	PQTNX	Pimco Trends Managed	Pair Corr
0.7	PQTIX	Aa Pimco Tr	Pair Corr
0.61	WARCX	Wells Fargo Advantage	Pair Corr
0.65	DEMCX	Delaware Emerging Markets	Pair Corr
0.8	VFINX	Vanguard 500 Index	Pair Corr
0.71	PCGLX	Pace International Fixed	Pair Corr
0.69	TFAGX	Tfa Alphagen Growth	Pair Corr
0.78	AMGIX	Income Growth	Pair Corr
0.76	RTLCX	Tax Managed Large	Pair Corr
0.61	JEGRX	Janus Henderson Global	Pair Corr
0.62	EMQCX	Ashmore Emerging Markets	Pair Corr
0.77	TTOIX	Target 2060 Fund	Pair Corr

Related Correlations Analysis

	IOBAX	IOBZX	IOEZX	IOLZX	ISTAX	ICBAX	ICBMX	ICFAX	ICFSX
IOBAX		1.0	0.96	0.92	0.92	0.97	0.97	0.72	0.72	IOBAX
IOBZX	1.0		0.96	0.9	0.9	0.95	0.95	0.7	0.7	IOBZX
IOEZX	0.96	0.96		0.9	0.9	0.95	0.95	0.68	0.68	IOEZX
IOLZX	0.92	0.9	0.9		1.0	0.98	0.98	0.92	0.92	IOLZX
ISTAX	0.92	0.9	0.9	1.0		0.98	0.98	0.93	0.93	ISTAX
ICBAX	0.97	0.95	0.95	0.98	0.98		1.0	0.84	0.84	ICBAX
ICBMX	0.97	0.95	0.95	0.98	0.98	1.0		0.83	0.83	ICBMX
ICFAX	0.72	0.7	0.68	0.92	0.93	0.84	0.83		1.0	ICFAX
ICFSX	0.72	0.7	0.68	0.92	0.93	0.84	0.83	1.0		ICFSX
	IOBAX	IOBZX	IOEZX	IOLZX	ISTAX	ICBAX	ICBMX	ICFAX	ICFSX

Risk-Adjusted Indicators

There is a big difference between Icon Mutual Fund performing well and Icon Information 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 Information'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IOBAX	0.07	0.02	(0.31)	0.41	0.00	(0.14)	0.12	(0.12)	0.36
IOBZX	0.07	0.02	(0.31)	0.36	0.00	(0.13)	0.12	(0.12)	0.36
IOEZX	0.63	0.19	0.33	0.33	0.00	(0.83)	1.52	(0.81)	2.81
IOLZX	1.13	0.29	0.28	0.26	0.70	(1.32)	2.29	(1.83)	13.91
ISTAX	1.15	0.31	0.30	0.27	0.69	(1.39)	2.27	(1.86)	14.99
ICBAX	1.19	0.34	0.30	0.35	0.73	(1.43)	2.82	(1.76)	12.87
ICBMX	1.18	0.34	0.30	0.35	0.73	(1.42)	2.83	(1.79)	12.60
ICFAX	0.90	0.20	0.25	0.26	0.36	(1.26)	1.66	(0.98)	14.63
ICFSX	0.89	0.19	0.24	0.26	0.39	(1.25)	1.70	(1.05)	14.29

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Icon Information Correlations

Icon Information Correlation With Market

Very poor diversification

Moving together with Icon Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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