Icon Financial Correlations

Mutual Funds . USA . 
Fund . Icon Financial Fund
ICFAX Fund  USD 9.54  0.08  0.85%   
The current 90-days correlation between Icon Financial and Icon Bond Fund is 0.5 (i.e., Very weak 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

Very poor diversification

The correlation between Icon Financial Fund and DJI is 0.86 (i.e., Very 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 nation.

Moving together with Icon Mutual Fund

  0.88IOBAX Icon Bond FundPairCorr
  0.88IOBZX Icon Bond FundPairCorr
  0.89IOEZX Icon Equity IncomePairCorr
  0.95IOLZX Icon Long/shortPairCorr
  0.95ISTAX Icon Long/shortPairCorr
  0.88ICBAX Icon Natural ResourcesPairCorr
  0.88ICBMX Icon Natural ResourcesPairCorr
  1.0ICFSX Icon FinancialPairCorr
  0.96ICTEX Icon Information TecPairCorr
  0.96ICTTX Icon Information TecPairCorr
  0.89IEQAX Icon Equity IncomePairCorr
  0.95VFAIX Vanguard Financials IndexPairCorr
  0.87FRBCX Regional BankPairCorr
  0.87JRGRX Regional BankPairCorr
  0.95PRISX T Rowe PricePairCorr
  0.98FIDCX Financial IndustriesPairCorr
  0.97JFDRX Financial IndustriesPairCorr
  0.95TFIFX T Rowe PricePairCorr
  0.93DVFYX Davis FinancialPairCorr
  0.93RPFGX Davis FinancialPairCorr
  0.93DFFCX Davis FinancialPairCorr
  0.76FSMMX Fs Multi StrategyPairCorr
  0.93BTMPX Ishares Msci EafePairCorr
  0.93BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr
  0.64SPMPX Invesco Steelpath MlpPairCorr
  0.65MLPNX Oppenheimer Steelpath MlpPairCorr
  0.63MLPMX Oppenheimer Steelpath MlpPairCorr
  0.63SPMJX Invesco Steelpath MlpPairCorr
  0.94GVALX Gotham Large ValuePairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.93BSPSX Blackrock Sp 500PairCorr
  0.73PYSIX Payden Strategic IncomePairCorr
  0.94NTDSX Nationwide DestinationPairCorr
  0.91AMFCX American MutualPairCorr
  0.88PSHAX 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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