Nt Non Correlations

ANTGX Fund

USD 9.34 0.02 0.21%

The current 90-days correlation between Nt Non Intrinsic and Metropolitan West High is 0.17 (i.e., Average diversification). The correlation of Nt Non 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.

Nt Non Correlation With Market

Good diversification

The correlation between Nt Non US Intrinsic and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nt Non US Intrinsic and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nt Non US Intrinsic. 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 price.

Moving together with ANTGX Mutual Fund

0.74	CDBCX	Diversified Bond	Pair Corr
0.66	TWACX	Short Term Government	Pair Corr
0.89	TWGAX	International Growth	Pair Corr
0.89	TWIEX	International Growth	Pair Corr

Moving against ANTGX Mutual Fund

0.73	TWHIX	Heritage Fund Investor	Pair Corr
0.64	AMEIX	Equity Growth	Pair Corr
0.63	TWCCX	Ultra Fund C	Pair Corr
0.63	TWCUX	Ultra Fund Investor	Pair Corr
0.6	AMGIX	Income Growth	Pair Corr
0.6	TWADX	Value Fund A	Pair Corr
0.58	TWCIX	Select Fund Investor	Pair Corr
0.57	AMDVX	Mid Cap Value	Pair Corr
0.57	TWCAX	Select Fund A	Pair Corr
0.57	AMVYX	Mid Cap Value	Pair Corr
0.57	TWGIX	Growth Fund I	Pair Corr
0.57	TWRCX	Growth Fund C	Pair Corr
0.56	TWCGX	Growth Fund Investor	Pair Corr
0.56	AMVGX	Mid Cap Value	Pair Corr
0.55	AMVRX	Mid Cap Value	Pair Corr
0.51	TWEIX	Equity Income	Pair Corr
0.47	TWEAX	Equity Income	Pair Corr
0.41	TWSAX	Strategic Allocation	Pair Corr
0.34	TWSMX	Strategic Allocation	Pair Corr
0.64	TWUIX	Ultra Fund I	Pair Corr
0.63	TWUAX	Ultra Fund A	Pair Corr
0.58	TWSIX	Select Fund I	Pair Corr
0.58	ANONX	Small Cap Growth	Pair Corr
0.58	ANOGX	Small Cap Growth	Pair Corr
0.58	ANOHX	American Century Small	Pair Corr
0.58	ANODX	Small Cap Growth	Pair Corr
0.58	ANOYX	Small Cap Growth	Pair Corr

Related Correlations Analysis

	MWHIX	CYBAX	AGDAX	NEAIX	RSHMX	GHYSX	AGTFX
MWHIX		0.9	0.89	0.08	0.64	0.74	0.48	MWHIX
CYBAX	0.9		0.95	0.2	0.5	0.51	0.6	CYBAX
AGDAX	0.89	0.95		0.24	0.37	0.46	0.72	AGDAX
NEAIX	0.08	0.2	0.24		0.0	-0.03	0.64	NEAIX
RSHMX	0.64	0.5	0.37	0.0		0.85	-0.02	RSHMX
GHYSX	0.74	0.51	0.46	-0.03	0.85		0.07	GHYSX
AGTFX	0.48	0.6	0.72	0.64	-0.02	0.07		AGTFX
	MWHIX	CYBAX	AGDAX	NEAIX	RSHMX	GHYSX	AGTFX

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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

AGDAX	+ 0.95	CYBAX
CYBAX	+ 0.9	MWHIX
AGDAX	+ 0.89	MWHIX
GHYSX	+ 0.85	RSHMX
GHYSX	+ 0.74	MWHIX
AGTFX	+ 0.72	AGDAX

High negative correlations

GHYSX	- 0.03	NEAIX
AGTFX	- 0.02	RSHMX
RSHMX	- 0.0	NEAIX

Risk-Adjusted Indicators

There is a big difference between ANTGX Mutual Fund performing well and Nt Non 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 Nt Non'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
MWHIX	0.10	0.01	(0.73)	(0.72)	0.00	(0.19)	0.22	(0.21)	0.65
CYBAX	0.10	0.01	(0.87)	(2.24)	0.00	(0.13)	0.24	(0.16)	0.73
AGDAX	0.11	0.03	(0.44)	(2.32)	0.00	(0.23)	0.29	(0.28)	0.87
NEAIX	1.08	0.00	(0.07)	0.11	1.33	(1.15)	2.62	(2.27)	6.76
RSHMX	0.24	0.02	(0.23)	(0.06)	0.37	(0.27)	0.42	(0.52)	1.98
GHYSX	0.16	0.00	(0.25)	0.03	0.26	(0.23)	0.43	(0.43)	1.72
AGTFX	0.53	(0.03)	(0.08)	0.08	0.57	(0.62)	1.20	(0.88)	3.40

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