Tcw Relative Correlations

TGDVX Fund

USD 17.73 0.30 1.72%

The current 90-days correlation between Tcw Relative Value and Columbia Large Cap is -0.21 (i.e., Very good diversification). The correlation of Tcw Relative 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.

Tcw Relative Correlation With Market

Good diversification

The correlation between Tcw Relative Value and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Relative Value and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tcw Relative Value. 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 unemployment.

Moving together with Tcw Mutual Fund

0.83	TGDIX	Tcw Relative Value	Pair Corr
0.66	TGCEX	Tcw Select Equities	Pair Corr
0.65	TGCNX	Tcw Select Equities	Pair Corr
0.74	TGCFX	Tcw E Fixed	Pair Corr
0.77	TGCPX	Tcw Core Fixed	Pair Corr
0.75	TGFNX	Tcw E Fixed	Pair Corr
0.86	TGEIX	Tcw Emerging Markets	Pair Corr
0.87	TGEPX	Tcw Funds	Pair Corr
0.86	TGINX	Tcw Emerging Markets	Pair Corr
0.72	TGLSX	Tcw Total Return	Pair Corr
0.73	TGMNX	Tcw Total Return	Pair Corr
0.76	TGLMX	Tcw Total Return	Pair Corr
0.77	TGPCX	Tcw Servative Allocation	Pair Corr
0.81	TGPNX	Tcw Servative Allocation	Pair Corr
0.69	TGWIX	Tcw Emerging Markets	Pair Corr
0.7	TGWNX	Tcw Emerging Markets	Pair Corr
0.7	FWWMX	American Funds Washington	Pair Corr
0.7	FWMMX	American Funds Washington	Pair Corr
0.69	AWSHX	Washington Mutual	Pair Corr
0.66	WSHCX	Washington Mutual	Pair Corr
0.69	WSHFX	Washington Mutual	Pair Corr
0.75	VVIAX	Vanguard Value Index	Pair Corr
0.66	RWMAX	Washington Mutual	Pair Corr
0.69	CWMAX	Washington Mutual	Pair Corr
0.7	RWMGX	Washington Mutual	Pair Corr
0.63	CWMCX	Washington Mutual	Pair Corr
0.78	SMPSX	Semiconductor Ultrasector	Pair Corr
0.81	SMPIX	Semiconductor Ultrasector	Pair Corr
0.87	FELIX	Fidelity Advisor Sem	Pair Corr
0.75	ONERX	One Rock Fund	Pair Corr
0.85	RYVYX	Nasdaq 100 2x	Pair Corr

Moving against Tcw Mutual Fund

0.46

CEE

Central Europe Russia

Pair Corr

Related Correlations Analysis

	NMIAX	PRCNX	OMAH	STLAX	PRPZX	HRMDX	ADSIX	HNMDX	SSQSX	SIVIX
NMIAX		0.77	0.3	0.92	-0.2	-0.27	0.89	-0.27	-0.23	-0.22	NMIAX
PRCNX	0.77		0.35	0.91	0.11	0.22	0.74	0.22	0.19	0.19	PRCNX
OMAH	0.3	0.35		0.3	0.31	0.19	0.16	0.19	0.29	0.29	OMAH
STLAX	0.92	0.91	0.3		-0.06	-0.06	0.86	-0.05	-0.03	-0.03	STLAX
PRPZX	-0.2	0.11	0.31	-0.06		0.71	-0.06	0.71	0.69	0.69	PRPZX
HRMDX	-0.27	0.22	0.19	-0.06	0.71		-0.13	1.0	0.93	0.93	HRMDX
ADSIX	0.89	0.74	0.16	0.86	-0.06	-0.13		-0.13	-0.1	-0.1	ADSIX
HNMDX	-0.27	0.22	0.19	-0.05	0.71	1.0	-0.13		0.93	0.93	HNMDX
SSQSX	-0.23	0.19	0.29	-0.03	0.69	0.93	-0.1	0.93		1.0	SSQSX
SIVIX	-0.22	0.19	0.29	-0.03	0.69	0.93	-0.1	0.93	1.0		SIVIX
	NMIAX	PRCNX	OMAH	STLAX	PRPZX	HRMDX	ADSIX	HNMDX	SSQSX	SIVIX

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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

HNMDX	+ 1.0	HRMDX
SIVIX	+ 1.0	SSQSX
SSQSX	+ 0.93	HRMDX
SIVIX	+ 0.93	HRMDX
SSQSX	+ 0.93	HNMDX
SIVIX	+ 0.93	HNMDX

High negative correlations

HNMDX	- 0.27	NMIAX
HRMDX	- 0.27	NMIAX
SSQSX	- 0.23	NMIAX
SIVIX	- 0.22	NMIAX
PRPZX	- 0.2	NMIAX
HNMDX	- 0.13	ADSIX

Risk-Adjusted Indicators

There is a big difference between Tcw Mutual Fund performing well and Tcw Relative 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 Tcw Relative'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
NMIAX	0.56	(0.01)	(0.01)	0.03	0.89	(0.51)	1.16	(1.27)	3.61
PRCNX	0.59	(0.04)	(0.06)	(0.01)	0.75	(0.59)	0.85	(1.24)	2.80
OMAH	0.41	(0.03)	(0.07)	0.00	0.57	(0.42)	1.12	(1.10)	2.59
STLAX	0.28	(0.01)	(0.06)	0.03	0.39	(0.28)	0.50	(0.69)	1.78
PRPZX	0.64	(0.12)	0.00	(0.56)	0.00	0.00	0.96	(1.46)	6.56
HRMDX	0.60	(0.12)	0.00	(0.09)	0.00	0.00	1.11	(1.22)	3.82
ADSIX	0.75	0.05	0.00	(0.64)	1.15	(0.68)	1.32	(1.74)	4.32
HNMDX	0.60	(0.12)	0.00	(0.09)	0.00	0.00	1.10	(1.22)	3.79
SSQSX	0.81	(0.13)	0.00	(0.07)	0.00	0.00	1.55	(1.88)	4.62
SIVIX	0.80	(0.13)	0.00	(0.07)	0.00	0.00	1.54	(1.87)	4.60

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