Icon Financial Correlations

Mutual Funds . USA . 
Fund . Icon Financial Fund
ICFSX Fund  USD 9.73  0.08  0.83%   
The current 90-days correlation between Icon Financial and Ubs Money Series is 0.11 (i.e., Average 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

Good diversification

The correlation between Icon Financial Fund and DJI is -0.14 (i.e., Good 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 state.

Moving together with Icon Mutual Fund

  0.88IOBAX Icon Bond FundPairCorr
  0.89IOBZX Icon Bond FundPairCorr
  0.86IOEZX Icon Equity IncomePairCorr
  0.93IOLZX Icon Long/shortPairCorr
  0.93ISTAX Icon Long/shortPairCorr
  0.89ICBAX Icon Natural ResourcesPairCorr
  0.87ICBMX Icon Natural ResourcesPairCorr
  0.97ICFAX Icon FinancialPairCorr
  0.96ICTEX Icon Information TecPairCorr
  0.94ICTTX Icon Information TecPairCorr
  0.9IEQAX Icon Equity IncomePairCorr
  0.92VFAIX Vanguard Financials IndexPairCorr
  0.88FRBCX Regional BankPairCorr
  0.84JRGRX Regional BankPairCorr
  0.96PRISX T Rowe PricePairCorr
  0.98FIDCX Financial IndustriesPairCorr
  0.94JFDRX Financial IndustriesPairCorr
  0.96TFIFX T Rowe PricePairCorr
  0.94DVFYX Davis FinancialPairCorr
  0.91RPFGX Davis FinancialPairCorr
  0.91DFFCX Davis FinancialPairCorr
  0.76FSMMX Fs Multi StrategyPairCorr
  0.94BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.92MDIIX Blackrock Intern IndexPairCorr
  0.64SPMPX Invesco Steelpath MlpPairCorr
  0.65MLPNX Oppenheimer Steelpath MlpPairCorr
  0.63MLPMX Oppenheimer Steelpath MlpPairCorr
  0.64SPMJX Invesco Steelpath MlpPairCorr
  0.95GVALX Gotham Large ValuePairCorr
  0.92VFINX Vanguard 500 IndexPairCorr
  0.93BSPSX Blackrock Sp 500PairCorr
  0.73PYSIX Payden Strategic IncomePairCorr
  0.93NTDSX Nationwide DestinationPairCorr
  0.92AMFCX American MutualPairCorr
  0.89PSHAX Short Term FundPairCorr

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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