Icm Small Correlations

ICSCX Fund

USD 28.88 0.29 1.01%

The current 90-days correlation between Icm Small Pany and Amg Managers Montag is 0.31 (i.e., Weak 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

Very weak diversification

The correlation between Icm Small Pany and DJI is 0.48 (i.e., Very weak 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

0.98	WSMDX	William Blair Small	Pair Corr
0.95	WSMRX	William Blair Small	Pair Corr
0.98	WSMNX	William Blair Small	Pair Corr
0.87	WBCIX	William Blair Small	Pair Corr
0.87	WBCRX	William Blair Small	Pair Corr
0.94	WBGSX	William Blair Growth	Pair Corr
0.8	WBIIX	William Blair Instit	Pair Corr
0.8	WBIGX	William Blair Intern	Pair Corr
0.72	WBIRX	William Blair Intern	Pair Corr
0.98	WBSNX	William Blair Small	Pair Corr
0.98	WBSIX	William Blair Small	Pair Corr
0.98	WBSRX	William Blair Small	Pair Corr
0.97	WBVNX	William Blair Small	Pair Corr
1.0	WBVRX	William Blair Small	Pair Corr
0.71	WVMIX	William Blair Mid	Pair Corr
0.7	WVMRX	William Blair Mid	Pair Corr
0.93	WGGNX	William Blair Global	Pair Corr
0.93	WGFIX	William Blair Global	Pair Corr
0.95	BGFRX	William Blair Growth	Pair Corr
0.95	BGFIX	William Blair Growth	Pair Corr
0.93	BGGIX	William Blair Global	Pair Corr
0.79	BIGIX	William Blair Intern	Pair Corr

Moving against Icm Mutual Fund

0.44	WRCGX	William Blair China	Pair Corr
0.43	WICGX	William Blair China	Pair Corr

Related Correlations Analysis

	MCGIX	RERFX	HACAX	CRIMX	CIVVX
MCGIX		0.6	0.82	0.72	0.53	MCGIX
RERFX	0.6		0.69	0.41	0.95	RERFX
HACAX	0.82	0.69		0.55	0.59	HACAX
CRIMX	0.72	0.41	0.55		0.39	CRIMX
CIVVX	0.53	0.95	0.59	0.39		CIVVX
	MCGIX	RERFX	HACAX	CRIMX	CIVVX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MCGIX	0.86	(0.16)	0.00	(0.27)	0.00	0.00	1.26	(1.71)	9.90
RERFX	0.64	0.00	0.02	(0.01)	1.11	(0.57)	1.04	(1.35)	4.86
HACAX	1.11	(0.12)	0.00	(0.22)	0.00	0.00	1.77	(2.60)	10.90
CRIMX	0.80	(0.17)	0.00	(0.23)	0.00	0.00	1.30	(1.76)	10.30
CIVVX	0.75	0.06	0.05	0.12	1.41	(0.73)	1.69	(1.71)	7.47

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