Icm Small Correlations

ICSCX Fund  USD 27.72  0.18  0.65%   
The current 90-days correlation between Icm Small Pany and Amg Managers Montag is -0.17 (i.e., Good diversification). The correlation of Icm Small 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.

Icm Small Correlation With Market

Good diversification

The correlation between Icm Small Pany and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icm Small Pany 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 Icm Small Pany. 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 Icm Mutual Fund

  0.93WSMDX William Blair SmallPairCorr
  0.93WSMRX William Blair SmallPairCorr
  0.93WSMNX William Blair SmallPairCorr
  0.98WBCIX William Blair SmallPairCorr
  0.92WBCRX William Blair SmallPairCorr
  0.97WBGSX William Blair GrowthPairCorr
  0.93WBSNX William Blair SmallPairCorr
  0.93WBSIX William Blair SmallPairCorr
  0.92WBSRX William Blair SmallPairCorr
  0.94WBVNX William Blair SmallPairCorr
  1.0WBVRX William Blair SmallPairCorr
  0.76WVMIX William Blair MidPairCorr
  0.76WVMRX William Blair MidPairCorr
  0.86WGGNX William Blair GlobalPairCorr
  0.77WGFIX William Blair GlobalPairCorr
  0.97BGFRX William Blair GrowthPairCorr
  0.91BGFIX William Blair GrowthPairCorr
  0.86BGGIX William Blair GlobalPairCorr

Moving against Icm Mutual Fund

  0.7WRCGX William Blair ChinaPairCorr
  0.58WEDRX William Blair EmergingPairCorr
  0.57WEDIX William Blair EmergingPairCorr
  0.69WICGX William Blair ChinaPairCorr

Related Correlations Analysis

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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   
CRIMXMCGIX
CRIMXHACAX
HACAXMCGIX
CIVVXRERFX
CRIMXRERFX
  
High negative correlations   
CIVVXHACAX
CIVVXMCGIX
CIVVXCRIMX
HACAXRERFX
RERFXMCGIX

Risk-Adjusted Indicators

There is a big difference between Icm Mutual Fund performing well and Icm Small 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 Icm Small'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.