Icon Information Correlations

ICTTX Fund

USD 15.20 0.01 0.07%

The current 90-days correlation between Icon Information Tec and Tekla Healthcare Investors 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 0.78 (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 housing.

Moving together with Icon Mutual Fund

0.77	YB	Yuanbao American Dep Tech Boost	Pair Corr
0.84	ETWO	E2open Parent Holdings	Pair Corr
0.9	DBD	Diebold Nixdorf,	Pair Corr
0.74	GENVR	Gen Digital Contingent	Pair Corr
0.67	BULLW	Webull Warrants	Pair Corr
0.63	BZAIW	Blaize Holdings, Warrants Symbol Change	Pair Corr
0.85	MIND	Mind Technology	Pair Corr
0.88	HPE-PC	Hewlett Packard Ente	Pair Corr
0.8	DAICW	CID HoldCo, Warrants	Pair Corr
0.75	CORZZ	Core Scientific, Tranche	Pair Corr
0.78	RZLVW	Rezolve AI Limited	Pair Corr
0.86	SGMA	SigmaTron International	Pair Corr

Moving against Icon Mutual Fund

0.81	NOVA	Sunnova Energy Inter	Pair Corr
0.81	NUAI	New Era Energy	Pair Corr
0.79	DVLT	Datavault AI Symbol Change	Pair Corr
0.79	FAASW	DigiAsia Corp	Pair Corr
0.76	VSTE	Vast Renewables	Pair Corr
0.73	HPAIW	Helport AI Limited	Pair Corr
0.72	VISL	Vislink Technologies	Pair Corr
0.62	ODYS	Odysightai Common Stock	Pair Corr
0.53	VBIX	Viewbix Common Stock	Pair Corr
0.5	MYSE	Myseum,	Pair Corr
0.49	APCXW	AppTech Payments Corp	Pair Corr
0.83	SMTK	SmartKem, Common Stock	Pair Corr
0.62	APCX	Apptech Corp	Pair Corr

Related Correlations Analysis

	XHQHX	BHCHX	DLRHX	AHSCX	SCHLX	PGHAX
XHQHX		0.71	0.88	0.43	0.5	0.56	XHQHX
BHCHX	0.71		0.83	0.74	0.65	0.72	BHCHX
DLRHX	0.88	0.83		0.69	0.64	0.74	DLRHX
AHSCX	0.43	0.74	0.69		0.56	0.73	AHSCX
SCHLX	0.5	0.65	0.64	0.56		0.93	SCHLX
PGHAX	0.56	0.72	0.74	0.73	0.93		PGHAX
	XHQHX	BHCHX	DLRHX	AHSCX	SCHLX	PGHAX

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
XHQHX	0.95	0.01	(0.06)	0.17	1.22	(0.98)	2.02	(1.92)	4.54
BHCHX	0.63	0.04	(0.08)	(2.41)	0.81	(0.64)	1.37	(1.47)	3.71
DLRHX	0.74	0.11	(0.01)	10.98	0.84	(0.81)	1.45	(1.64)	4.74
AHSCX	0.59	0.06	(0.07)	(0.95)	0.70	(0.62)	1.23	(1.15)	3.03
SCHLX	0.72	(0.04)	(0.06)	0.07	0.86	(0.76)	1.56	(1.63)	4.73
PGHAX	0.70	(0.01)	(0.05)	0.10	0.78	(0.76)	1.37	(1.59)	4.16

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