Icon Information Correlations

ICTTX Fund

USD 16.54 0.08 0.49%

The current 90-days correlation between Icon Information Tec and Putnam Global Health is -0.2 (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

Very good diversification

The correlation between Icon Information Technology and DJI is -0.25 (i.e., Very 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 housing.

Moving together with Icon Mutual Fund

0.93	HPE-PC	Hewlett Packard Ente	Pair Corr
0.73	CORZZ	Core Scientific, Tranche	Pair Corr
0.81	RZLVW	Rezolve AI Limited	Pair Corr
0.61	ACFN	Acorn Energy, Common	Pair Corr
0.69	SMTK	SmartKem, Common Stock	Pair Corr

Moving against Icon Mutual Fund

0.76	VBIX	Viewbix Common Stock Downward Rally	Pair Corr
0.74	YB	Yuanbao American Dep	Pair Corr
0.7	RCT	RedCloud Holdings plc Earnings Call This Week	Pair Corr
0.67	OUSTZ	Ouster, Warrants	Pair Corr
0.57	OUSTW	Ouster, Warrants	Pair Corr
0.55	RAL	Ralliant Common	Pair Corr
0.46	EXOD	Exodus Movement,	Pair Corr
0.39	MYSE	Myseum, Symbol Change	Pair Corr
0.38	GENVR	Gen Digital Contingent	Pair Corr
0.38	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.38	ODYS	Odysightai Common Stock	Pair Corr
0.78	ARAI	Arrive AI	Pair Corr
0.67	BNAIW	Brand Engagement Network	Pair Corr
0.59	STRD	MicroStrategy Incorporated	Pair Corr
0.44	STRF	MicroStrategy Incorporated	Pair Corr

Related Correlations Analysis

	PGHAX	XHQHX	ETAHX	HIAHX	HCPIX	FHCCX
PGHAX		0.71	0.81	0.62	0.76	0.83	PGHAX
XHQHX	0.71		0.67	0.39	0.45	0.54	XHQHX
ETAHX	0.81	0.67		0.34	0.33	0.62	ETAHX
HIAHX	0.62	0.39	0.34		0.79	0.73	HIAHX
HCPIX	0.76	0.45	0.33	0.79		0.86	HCPIX
FHCCX	0.83	0.54	0.62	0.73	0.86		FHCCX
	PGHAX	XHQHX	ETAHX	HIAHX	HCPIX	FHCCX

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
PGHAX	0.74	0.05	0.04	0.11	0.78	(0.76)	1.75	(1.59)	4.16
XHQHX	1.04	0.22	0.15	0.84	0.93	(1.18)	2.06	(1.87)	4.37
ETAHX	0.98	0.28	0.19	17.03	0.93	(1.09)	2.20	(1.87)	5.93
HIAHX	0.81	0.15	0.07	(2.06)	0.88	(0.83)	1.84	(1.63)	4.43
HCPIX	1.20	0.06	0.06	0.10	1.35	(1.29)	2.87	(2.29)	7.26
FHCCX	0.81	0.08	0.08	0.13	0.82	(0.87)	1.67	(1.52)	3.90

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