Icon Financial Correlations

ICFSX Fund

USD 9.95 0.09 0.90%

The current 90-days correlation between Icon Financial and Barings Active Short is 0.06 (i.e., Significant 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

Poor diversification

The correlation between Icon Financial Fund and DJI is 0.71 (i.e., 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 main economic indicators.

Moving together with Icon Mutual Fund

1.0	ICFAX	Icon Financial	Pair Corr
0.83	VFAIX	Vanguard Financials Index	Pair Corr
0.88	FRBCX	Regional Bank	Pair Corr
0.87	JRGRX	Regional Bank	Pair Corr
0.86	PRISX	T Rowe Price	Pair Corr
0.86	FIDCX	Financial Industries	Pair Corr
0.85	JFDRX	Financial Industries	Pair Corr
0.86	TFIFX	T Rowe Price	Pair Corr

Moving against Icon Mutual Fund

0.61	ICTEX	Icon Information Tec	Pair Corr
0.61	ICTTX	Icon Information Tec	Pair Corr
0.56	ICTUX	Icon Utilities And	Pair Corr
0.55	ICTVX	Icon Utilities	Pair Corr
0.37	IOBAX	Icon Bond Fund	Pair Corr
0.36	ICBMX	Icon Natural Resources	Pair Corr
0.35	IOBZX	Icon Bond Fund	Pair Corr
0.35	ICBAX	Icon Natural Resources	Pair Corr
0.75	KF	Korea Closed	Pair Corr
0.7	SPGSX	State Street Premier	Pair Corr
0.66	SCFVX	Pgim Securitized Credit	Pair Corr
0.65	GIRPX	Goldman Sachs Emerging	Pair Corr
0.63	QCGLIX	College Retirement	Pair Corr
0.61	VWELX	Vanguard Wellington	Pair Corr
0.61	FMNIX	Franklin Minnesota Tax	Pair Corr
0.57	LIWIX	Blackrock Lifepath Index	Pair Corr
0.55	FLMFX	Muirfield Fund Retail	Pair Corr
0.51	BRUFX	Bruce Fund Bruce	Pair Corr
0.33	RYRRX	Russell 2000	Pair Corr

Related Correlations Analysis

	BXDCX	FABWX	HDCAX	FBANJX	SGICX	LMUSX	GMLVX	OPTCX
BXDCX		0.81	0.85	0.87	0.75	0.84	0.85	0.87	BXDCX
FABWX	0.81		0.96	0.98	0.76	0.98	0.96	0.94	FABWX
HDCAX	0.85	0.96		0.96	0.72	0.95	0.98	0.9	HDCAX
FBANJX	0.87	0.98	0.96		0.8	0.96	0.96	0.95	FBANJX
SGICX	0.75	0.76	0.72	0.8		0.78	0.77	0.79	SGICX
LMUSX	0.84	0.98	0.95	0.96	0.78		0.95	0.96	LMUSX
GMLVX	0.85	0.96	0.98	0.96	0.77	0.95		0.91	GMLVX
OPTCX	0.87	0.94	0.9	0.95	0.79	0.96	0.91		OPTCX
	BXDCX	FABWX	HDCAX	FBANJX	SGICX	LMUSX	GMLVX	OPTCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXDCX	0.07	0.01	(0.52)	3.14	0.00	(0.14)	0.11	(0.11)	0.43
FABWX	0.56	(0.01)	(0.02)	0.05	0.83	(0.55)	1.14	(1.41)	4.22
HDCAX	0.48	0.05	0.03	0.15	0.51	(0.54)	1.01	(0.99)	2.95
FBANJX	0.43	(0.01)	(0.03)	0.05	0.58	(0.45)	0.96	(0.68)	3.78
SGICX	0.35	0.00	(0.05)	0.07	0.45	(0.38)	0.86	(0.92)	2.54
LMUSX	0.50	0.02	0.01	0.08	0.65	(0.49)	1.25	(0.96)	4.03
GMLVX	0.62	0.07	0.05	0.16	0.72	(0.68)	1.35	(0.90)	4.57
OPTCX	0.18	0.00	(0.23)	0.06	0.08	(0.25)	0.41	(0.21)	1.53

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