ICON EQUITY Correlations

Market Correlation - ICON EQUITY

Review Risk vs Return Analysis for context on portfolio diversification. Portfolio-level transparency adds depth to allocation analysis. A position in Icon Equity Income appears within the mix. The allocation reflects this within the position set. Position sizing reflects the allocation methodology applied to the portfolio. This summary reflects available observations without forecasting intent. 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 nation.

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 LGLSX + 0.97 QCLGX WISGX + 0.94 PRNHX CHASX + 0.91 WISGX CHASX + 0.91 LWLAX CHASX + 0.89 PRNHX UIGIX + 0.89 WISGX

High negative correlations QCLGX - 0.13 LWLAX QCLGX - 0.12 WISGX CHASX - 0.03 QCLGX LGLSX - 0.03 LWLAX UIGIX - 0.0 QCLGX

Risk-Adjusted Indicators

There is a big difference between ICON Mutual Fund performing well and ICON EQUITY 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 EQUITY'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.