Icon Information Correlations

ICTEX Fund

USD 16.30 0.12 0.74%

The current 90-days correlation between Icon Information Tec and Yuanbao American Depositary is -0.06 (i.e., Good 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

Good diversification

The correlation between Icon Information Technology and DJI is -0.13 (i.e., Good 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 income.

Moving together with Icon Mutual Fund

0.7	VVPR	VivoPower International Tech Boost	Pair Corr
0.89	DBD	Diebold Nixdorf,	Pair Corr
0.68	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.71	BULLW	Webull Warrants Trending	Pair Corr
0.74	MIND	Mind Technology	Pair Corr
0.87	HPE-PC	Hewlett Packard Ente	Pair Corr
0.9	CORZZ	Core Scientific, Tranche	Pair Corr
0.76	RZLVW	Rezolve AI Limited	Pair Corr
0.79	SATX	SatixFy Communications	Pair Corr
0.83	STRF	MicroStrategy Incorporated	Pair Corr
0.71	IOBAX	Icon Bond Fund	Pair Corr
0.95	IOBZX	Icon Bond Fund	Pair Corr
0.61	IOEZX	Icon Equity Income	Pair Corr

Moving against Icon Mutual Fund

0.8	VSTE	Vast Renewables	Pair Corr
0.79	HPAIW	Helport AI Limited	Pair Corr
0.79	NOVA	Sunnova Energy Inter	Pair Corr
0.75	VISL	Vislink Technologies	Pair Corr
0.59	EXOD	Exodus Movement, Tech Boost	Pair Corr
0.56	APCXW	AppTech Payments Corp	Pair Corr
0.45	ODYS	Odysightai Common Stock	Pair Corr
0.37	VBIX	Viewbix Common Stock	Pair Corr
0.35	MRIN	Marin Software Tech Boost	Pair Corr
0.88	SMTK	SmartKem, Common Stock	Pair Corr
0.69	APCX	Apptech Corp	Pair Corr
0.5	SLNHP	Soluna Holdings Preferred	Pair Corr
0.34	AXIL	AXIL Brands, Trending	Pair Corr

Related Correlations Analysis

	YB	VBIX	DVLT	VVPR	EXOD	IOBAX	IOBZX	IOEZX	IOLZX	ISTAX
YB		-0.17	-0.54	-0.19	-0.04	0.32	0.07	0.29	0.05	0.05	YB
VBIX	-0.17		0.32	0.08	0.27	-0.28	-0.49	-0.02	-0.3	-0.3	VBIX
DVLT	-0.54	0.32		0.0	0.03	-0.48	-0.35	-0.48	-0.3	-0.3	DVLT
VVPR	-0.19	0.08	0.0		-0.44	0.35	0.6	0.39	0.73	0.73	VVPR
EXOD	-0.04	0.27	0.03	-0.44		-0.54	-0.64	-0.35	-0.56	-0.56	EXOD
IOBAX	0.32	-0.28	-0.48	0.35	-0.54		0.7	0.79	0.71	0.71	IOBAX
IOBZX	0.07	-0.49	-0.35	0.6	-0.64	0.7		0.58	0.94	0.94	IOBZX
IOEZX	0.29	-0.02	-0.48	0.39	-0.35	0.79	0.58		0.68	0.68	IOEZX
IOLZX	0.05	-0.3	-0.3	0.73	-0.56	0.71	0.94	0.68		1.0	IOLZX
ISTAX	0.05	-0.3	-0.3	0.73	-0.56	0.71	0.94	0.68	1.0		ISTAX
	YB	VBIX	DVLT	VVPR	EXOD	IOBAX	IOBZX	IOEZX	IOLZX	ISTAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ISTAX	+ 1.0	IOLZX
IOLZX	+ 0.94	IOBZX
ISTAX	+ 0.94	IOBZX
IOEZX	+ 0.79	IOBAX
IOLZX	+ 0.73	VVPR
ISTAX	+ 0.73	VVPR

High negative correlations

IOBZX	- 0.64	EXOD
ISTAX	- 0.56	EXOD
IOLZX	- 0.56	EXOD
IOBAX	- 0.54	EXOD
DVLT	- 0.54	YB
IOBZX	- 0.49	VBIX

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
YB	3.76	1.07	0.27	4.66	3.01	(4.85)	14.01	(6.02)	27.13
VBIX	7.96	(0.07)	0.00	0.09	12.24	(8.38)	14.34	(20.18)	88.20
DVLT	5.15	(0.01)	0.00	0.12	5.83	(6.44)	12.33	(9.89)	33.36
VVPR	7.94	1.85	0.18	(19.07)	8.43	(9.98)	22.54	(11.48)	62.08
EXOD	6.56	0.03	0.00	0.18	8.48	(6.66)	16.85	(10.55)	43.33
IOBAX	0.09	0.02	(0.43)	0.34	0.00	(0.14)	0.24	(0.12)	0.72
IOBZX	0.10	0.04	(0.45)	(1.99)	0.00	(0.16)	0.24	(0.23)	0.95
IOEZX	0.63	0.20	0.05	(0.78)	0.52	(0.74)	1.73	(1.18)	4.17
IOLZX	0.88	0.32	0.16	(2.51)	0.73	(1.02)	2.21	(1.77)	6.71
ISTAX	0.88	0.32	0.16	(2.51)	0.73	(1.02)	2.24	(1.74)	6.71

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