Icon Financial Correlations

ICFSX Fund

USD 9.73 0.08 0.83%

The current 90-days correlation between Icon Financial and Icon Bond Fund is 0.49 (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 state.

Moving together with Icon Mutual Fund

0.88	IOBAX	Icon Bond Fund	Pair Corr
0.88	IOBZX	Icon Bond Fund	Pair Corr
0.89	IOEZX	Icon Equity Income	Pair Corr
0.95	IOLZX	Icon Long/short	Pair Corr
0.95	ISTAX	Icon Long/short	Pair Corr
0.89	ICBAX	Icon Natural Resources	Pair Corr
0.89	ICBMX	Icon Natural Resources	Pair Corr
0.76	ICFAX	Icon Financial	Pair Corr
0.96	ICTEX	Icon Information Tec	Pair Corr
0.96	ICTTX	Icon Information Tec	Pair Corr
0.89	IEQAX	Icon Equity Income	Pair Corr
0.63	VFAIX	Vanguard Financials Index	Pair Corr
0.64	PRISX	T Rowe Price	Pair Corr
0.98	FIDCX	Financial Industries	Pair Corr
0.98	JFDRX	Financial Industries	Pair Corr
0.94	DVFYX	Davis Financial	Pair Corr
0.94	RPFGX	Davis Financial	Pair Corr
0.94	DFFCX	Davis Financial	Pair Corr
0.71	BTMPX	Ishares Msci Eafe	Pair Corr
0.71	BTMKX	Blackrock International	Pair Corr
0.71	MDIIX	Blackrock Intern Index	Pair Corr
0.93	VFINX	Vanguard 500 Index	Pair Corr
0.64	BSPSX	Blackrock Sp 500	Pair Corr
0.73	PYSIX	Payden Strategic Income	Pair Corr
0.66	NTDSX	Nationwide Destination	Pair Corr
0.63	AMFCX	American Mutual	Pair Corr

Related Correlations Analysis

	IOBAX	IOBZX	IOEZX	IOLZX	ISTAX	ICBAX	ICBMX	ICFSX	ICTEX
IOBAX		1.0	0.92	0.94	0.94	0.93	0.93	0.88	0.96	IOBAX
IOBZX	1.0		0.92	0.94	0.94	0.93	0.93	0.88	0.96	IOBZX
IOEZX	0.92	0.92		0.97	0.97	0.97	0.97	0.89	0.91	IOEZX
IOLZX	0.94	0.94	0.97		1.0	0.97	0.97	0.95	0.96	IOLZX
ISTAX	0.94	0.94	0.97	1.0		0.97	0.97	0.95	0.96	ISTAX
ICBAX	0.93	0.93	0.97	0.97	0.97		1.0	0.89	0.92	ICBAX
ICBMX	0.93	0.93	0.97	0.97	0.97	1.0		0.89	0.92	ICBMX
ICFSX	0.88	0.88	0.89	0.95	0.95	0.89	0.89		0.96	ICFSX
ICTEX	0.96	0.96	0.91	0.96	0.96	0.92	0.92	0.96		ICTEX
	IOBAX	IOBZX	IOEZX	IOLZX	ISTAX	ICBAX	ICBMX	ICFSX	ICTEX

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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
IOBAX	0.10	0.02	(0.46)	0.44	0.00	(0.15)	0.24	(0.12)	0.72
IOBZX	0.09	0.02	(0.47)	0.44	0.00	(0.15)	0.24	(0.23)	0.71
IOEZX	0.65	0.04	0.01	0.18	0.59	(0.73)	1.73	(1.25)	4.17
IOLZX	0.88	0.14	0.15	0.26	0.72	(1.00)	2.21	(1.77)	6.71
ISTAX	0.88	0.14	0.15	0.26	0.72	(1.00)	2.24	(1.74)	6.71
ICBAX	0.93	0.12	0.10	0.26	0.80	(1.05)	2.15	(1.75)	5.13
ICBMX	0.94	0.12	0.10	0.26	0.81	(1.06)	2.11	(1.72)	5.15
ICFSX	0.80	0.05	0.04	0.18	0.82	(0.94)	2.14	(1.85)	5.60
ICTEX	0.90	0.12	0.12	0.24	0.75	(1.05)	2.48	(1.79)	5.89

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Icon Financial Correlations

Icon Financial Correlation With Market

Very poor diversification

Moving together with Icon Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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