Thompson Midcap Correlations

THPMX Fund

USD 14.86 0.03 0.20%

The current 90-days correlation between Thompson Midcap and Amg Fq Long Short is 0.79 (i.e., Poor diversification). The correlation of Thompson Midcap 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.

Thompson Midcap Correlation With Market

Good diversification

The correlation between Thompson Midcap Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thompson Midcap Fund 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 Thompson Midcap Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Thompson Mutual Fund

0.93	VIMAX	Vanguard Mid Cap	Pair Corr
0.93	VIMSX	Vanguard Mid Cap	Pair Corr
0.93	VMCPX	Vanguard Mid Cap	Pair Corr
0.94	VMCIX	Vanguard Mid Cap	Pair Corr
0.96	VEXAX	Vanguard Extended Market	Pair Corr
0.96	VEMPX	Vanguard Extended Market	Pair Corr
0.96	VIEIX	Vanguard Extended Market	Pair Corr
0.96	VEXMX	Vanguard Extended Market	Pair Corr
0.96	FSMAX	Fidelity Extended Market	Pair Corr
0.73	GPBFX	Gmo E Plus	Pair Corr
0.76	GPMFX	Guidepath Managed Futures	Pair Corr
0.85	PQTAX	Pimco Trends Managed	Pair Corr
0.85	PQTNX	Pimco Trends Managed	Pair Corr
0.85	PQTIX	Aa Pimco Tr	Pair Corr
0.79	WARCX	Wells Fargo Advantage	Pair Corr
0.81	RYATX	Nasdaq 100 Fund	Pair Corr
0.91	FAUTX	American Funds 2040	Pair Corr
0.84	CSFAX	Cohen Steers Global	Pair Corr
0.94	PVFAX	Paradigm Value	Pair Corr
0.9	POSKX	Primecap Odyssey Stock	Pair Corr
0.75	DOXIX	Dodge Cox Income	Pair Corr
0.63	MMM	3M Company Earnings Call This Week	Pair Corr
0.73	XOM	Exxon Mobil Corp	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr
0.86	AXP	American Express	Pair Corr
0.63	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr

Moving against Thompson Mutual Fund

0.68	KO	Coca Cola Earnings Call This Week	Pair Corr
0.48	BA	Boeing	Pair Corr
0.42	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	FQUAX	ARRFX	SWYAX	MMCFX	SEMG	RPXFX	TQMVX	LOGBX	AGLOX	FLYCX
FQUAX		0.75	-0.03	0.01	0.29	0.12	0.24	-0.03	0.11	0.11	FQUAX
ARRFX	0.75		0.35	0.34	0.3	0.32	0.61	0.28	0.47	0.45	ARRFX
SWYAX	-0.03	0.35		0.93	0.58	0.89	0.91	0.94	0.92	0.96	SWYAX
MMCFX	0.01	0.34	0.93		0.69	0.92	0.92	0.92	0.91	0.94	MMCFX
SEMG	0.29	0.3	0.58	0.69		0.82	0.69	0.68	0.61	0.66	SEMG
RPXFX	0.12	0.32	0.89	0.92	0.82		0.87	0.88	0.87	0.93	RPXFX
TQMVX	0.24	0.61	0.91	0.92	0.69	0.87		0.87	0.91	0.95	TQMVX
LOGBX	-0.03	0.28	0.94	0.92	0.68	0.88	0.87		0.92	0.9	LOGBX
AGLOX	0.11	0.47	0.92	0.91	0.61	0.87	0.91	0.92		0.94	AGLOX
FLYCX	0.11	0.45	0.96	0.94	0.66	0.93	0.95	0.9	0.94		FLYCX
	FQUAX	ARRFX	SWYAX	MMCFX	SEMG	RPXFX	TQMVX	LOGBX	AGLOX	FLYCX

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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

FLYCX	+ 0.96	SWYAX
FLYCX	+ 0.95	TQMVX
LOGBX	+ 0.94	SWYAX
FLYCX	+ 0.94	MMCFX
FLYCX	+ 0.94	AGLOX
MMCFX	+ 0.93	SWYAX

High negative correlations

LOGBX	- 0.03	FQUAX
SWYAX	- 0.03	FQUAX

Risk-Adjusted Indicators

There is a big difference between Thompson Mutual Fund performing well and Thompson Midcap 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 Thompson Midcap'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
FQUAX	0.63	0.01	(0.07)	0.00	0.68	(0.80)	1.63	(1.22)	3.34
ARRFX	0.63	0.04	(0.02)	(0.19)	0.67	(0.75)	1.69	(1.11)	3.34
SWYAX	0.20	0.06	0.01	(0.53)	0.00	(0.27)	0.45	(0.30)	1.43
MMCFX	1.13	0.19	0.08	87.21	1.66	(1.20)	2.45	(2.29)	10.17
SEMG	0.50	0.01	(0.06)	0.00	0.77	(0.48)	0.95	(1.28)	3.51
RPXFX	0.59	0.04	(0.02)	(0.14)	0.83	(0.59)	1.42	(0.99)	4.74
TQMVX	0.45	0.07	0.02	(0.39)	0.45	(0.58)	1.18	(0.82)	3.57
LOGBX	0.34	0.07	0.04	(0.70)	0.26	(0.38)	0.80	(0.65)	2.18
AGLOX	0.45	0.08	0.05	(7.11)	0.55	(0.51)	1.00	(0.86)	3.93
FLYCX	0.51	0.08	0.03	(0.37)	0.66	(0.53)	1.37	(0.76)	4.45

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