Icon Information Correlations

ICTTX Fund

USD 13.27 0.18 1.34%

The current 90-days correlation between Icon Information Tec and Western Asset E is -0.04 (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

Poor diversification

The correlation between Icon Information Technology and DJI is 0.74 (i.e., Poor 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 estimate.

Moving together with Icon Mutual Fund

0.71	VEEA	Veea Inc Symbol Change	Pair Corr
0.67	VISL	Vislink Technologies Earnings Call This Week	Pair Corr
0.81	YAAS	Youxin Technology	Pair Corr
0.66	ZSPC	zSpace, Common stock	Pair Corr
0.79	INGM	Ingram Micro Holding	Pair Corr
0.68	MIND	Mind Technology	Pair Corr
0.88	HPE-PC	Hewlett Packard Ente	Pair Corr
0.72	VEEAW	Veea Inc Symbol Change	Pair Corr
0.7	NOVA	Sunnova Energy Inter	Pair Corr
0.69	NXXT	NextNRG Symbol Change	Pair Corr
0.64	ODYS	Odysightai Common Stock Tech Boost	Pair Corr
0.74	CORZZ	Core Scientific, Tranche	Pair Corr
0.83	SLNHP	Soluna Holdings Preferred	Pair Corr
0.71	PENG	Penguin Solutions, Symbol Change	Pair Corr

Moving against Icon Mutual Fund

0.76	INFN	Infinera	Pair Corr
0.76	MTTR	Matterport	Pair Corr
0.59	EMKR	EMCORE	Pair Corr
0.39	HPAIW	Helport AI Limited	Pair Corr
0.61	ICTUX	Icon Utilities And	Pair Corr
0.6	ICTVX	Icon Utilities	Pair Corr
0.48	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.42	IOBZX	Icon Bond Fund	Pair Corr
0.38	IOEZX	Icon Equity Income	Pair Corr
0.37	IOBAX	Icon Bond Fund	Pair Corr
0.35	IEQAX	Icon Equity Income	Pair Corr
0.32	AMBR	Amber Road, Symbol Change	Pair Corr

Related Correlations Analysis

	WACIX	CSBCX	OWFIX	DBLFX	MBSAX	TTRBX	GHVIX	RULFX
WACIX		1.0	0.99	0.95	0.96	0.99	0.88	0.89	WACIX
CSBCX	1.0		0.99	0.96	0.96	0.99	0.84	0.88	CSBCX
OWFIX	0.99	0.99		0.97	0.96	0.98	0.83	0.89	OWFIX
DBLFX	0.95	0.96	0.97		0.98	0.95	0.83	0.86	DBLFX
MBSAX	0.96	0.96	0.96	0.98		0.96	0.9	0.87	MBSAX
TTRBX	0.99	0.99	0.98	0.95	0.96		0.88	0.91	TTRBX
GHVIX	0.88	0.84	0.83	0.83	0.9	0.88		0.85	GHVIX
RULFX	0.89	0.88	0.89	0.86	0.87	0.91	0.85		RULFX
	WACIX	CSBCX	OWFIX	DBLFX	MBSAX	TTRBX	GHVIX	RULFX

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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
WACIX	0.25	0.02	0.07	0.39	0.21	(0.30)	0.55	(0.43)	1.56
CSBCX	0.22	0.02	0.08	0.56	0.18	(0.25)	0.49	(0.41)	1.42
OWFIX	0.17	0.02	0.09	2.58	0.06	(0.22)	0.40	(0.30)	1.01
DBLFX	0.22	0.01	0.06	(0.23)	0.19	(0.26)	0.54	(0.33)	1.33
MBSAX	0.18	0.01	0.04	(0.16)	0.20	(0.21)	0.36	(0.30)	1.34
TTRBX	0.15	0.01	0.08	0.92	0.02	(0.19)	0.40	(0.30)	0.82
GHVIX	0.16	0.01	0.06	(0.25)	0.14	(0.17)	0.30	(0.35)	1.01
RULFX	0.05	0.01	0.00	(0.47)	0.00	0.00	0.10	(0.10)	0.60

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