Tcm Small Correlations

TCMSX Fund

USD 49.97 2.09 4.37%

The current 90-days correlation between Tcm Small Cap and Goldman Sachs Mlp is 0.2 (i.e., Modest diversification). The correlation of Tcm Small 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.

Tcm Small Correlation With Market

Almost no diversification

The correlation between Tcm Small Cap and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcm Small Cap 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 Tcm Small Cap. 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 main economic indicators.

Moving together with Tcm Mutual Fund

0.95	VSGAX	Vanguard Small Cap	Pair Corr
0.95	VSGIX	Vanguard Small Cap	Pair Corr
0.95	VISGX	Vanguard Small Cap	Pair Corr
0.95	VEXPX	Vanguard Explorer	Pair Corr
0.95	VEXRX	Vanguard Explorer	Pair Corr
0.93	JGMIX	Janus Triton	Pair Corr
0.93	JGMRX	Janus Triton	Pair Corr
0.92	JGMAX	Janus Triton	Pair Corr
0.92	JGMCX	Janus Triton	Pair Corr
0.94	JGMNX	Janus Triton	Pair Corr
0.77	LIIAX	Columbia Porate Income	Pair Corr
0.74	SRINX	Columbia Porate Income	Pair Corr
0.87	WRHIX	Ivy High Income	Pair Corr
0.89	WHIAX	Ivy High Income	Pair Corr
0.88	IHIFX	Ivy High Income	Pair Corr
0.88	IVHIX	Ivy High Income	Pair Corr
0.92	JOMMX	Johcm Emerging Markets	Pair Corr
0.9	FCNKX	Fidelity Trafund Class	Pair Corr
0.92	TCIWX	Tiaa Cref International	Pair Corr
0.86	PFRMX	Pimco Inflation Response	Pair Corr
0.87	JAARX	Alternative Asset	Pair Corr
0.9	TEGAX	Mid Cap Growth	Pair Corr
0.89	PGFEX	Pgim Enhanced Retirement	Pair Corr
0.79	CVMAX	Calvert Emerging Markets	Pair Corr
0.92	FTGWX	Salient Tactical Growth	Pair Corr
0.92	TRRVX	T Rowe Price	Pair Corr
0.92	TFBAX	American Beacon Twen	Pair Corr
0.93	PFIAX	Pimco Floating Income	Pair Corr
0.93	CGRWX	Oppenheimer Value	Pair Corr
0.93	OIEPX	Jpmorgan Equity Income	Pair Corr
0.94	CFJAX	Calvert Large Cap	Pair Corr
0.75	SHMMX	Western Asset Managed	Pair Corr
0.92	TBLKX	T Rowe Price	Pair Corr
0.85	NSITX	Northern Short-intermedia	Pair Corr
0.91	VASIX	Vanguard Lifestrategy	Pair Corr
0.89	SGMAX	Siit Global Managed	Pair Corr
0.89	NTAUX	Northern Tax Advantaged	Pair Corr
0.96	ALFQX	Lord Abbett Alpha	Pair Corr
0.91	OCRDX	Oppenheimer Rising	Pair Corr

Related Correlations Analysis

	CSMVX	RYPRX	RYPNX	FEVIX	FSLVX	ILLLX	USWGX	CIPSX	NWKCX	GLPIX
CSMVX		0.76	0.91	0.76	0.74	-0.2	0.65	0.85	0.88	0.67	CSMVX
RYPRX	0.76		0.92	0.88	0.95	-0.41	0.95	0.75	0.9	0.78	RYPRX
RYPNX	0.91	0.92		0.9	0.9	-0.35	0.84	0.8	0.91	0.83	RYPNX
FEVIX	0.76	0.88	0.9		0.88	-0.49	0.82	0.69	0.84	0.87	FEVIX
FSLVX	0.74	0.95	0.9	0.88		-0.37	0.95	0.75	0.92	0.75	FSLVX
ILLLX	-0.2	-0.41	-0.35	-0.49	-0.37		-0.31	0.01	-0.28	-0.7	ILLLX
USWGX	0.65	0.95	0.84	0.82	0.95	-0.31		0.69	0.86	0.68	USWGX
CIPSX	0.85	0.75	0.8	0.69	0.75	0.01	0.69		0.9	0.45	CIPSX
NWKCX	0.88	0.9	0.91	0.84	0.92	-0.28	0.86	0.9		0.69	NWKCX
GLPIX	0.67	0.78	0.83	0.87	0.75	-0.7	0.68	0.45	0.69		GLPIX
	CSMVX	RYPRX	RYPNX	FEVIX	FSLVX	ILLLX	USWGX	CIPSX	NWKCX	GLPIX

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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

FSLVX	+ 0.95	RYPRX
USWGX	+ 0.95	RYPRX
USWGX	+ 0.95	FSLVX
RYPNX	+ 0.92	RYPRX
NWKCX	+ 0.92	FSLVX
RYPNX	+ 0.91	CSMVX

High negative correlations

GLPIX	- 0.7	ILLLX
ILLLX	- 0.49	FEVIX
ILLLX	- 0.41	RYPRX
ILLLX	- 0.37	FSLVX
ILLLX	- 0.35	RYPNX
USWGX	- 0.31	ILLLX

Risk-Adjusted Indicators

There is a big difference between Tcm Mutual Fund performing well and Tcm Small 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 Tcm Small'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
CSMVX	1.03	(0.04)	(0.01)	0.05	1.17	(1.07)	2.62	(2.04)	5.21
RYPRX	1.13	0.35	0.41	0.30	0.25	(1.45)	2.86	(1.41)	16.01
RYPNX	1.08	0.07	0.07	0.13	1.12	(1.20)	2.61	(2.58)	5.40
FEVIX	0.83	0.12	0.05	0.22	1.56	(0.83)	1.38	(1.01)	18.28
FSLVX	0.63	0.15	0.21	0.27	0.29	(0.75)	1.36	(1.05)	7.57
ILLLX	1.41	(0.43)	0.00	9.77	0.00	0.00	2.46	(3.56)	6.87
USWGX	0.68	0.23	0.19	(4.38)	0.45	(0.80)	1.13	(1.22)	12.37
CIPSX	0.90	(0.06)	(0.04)	0.03	1.02	(0.98)	2.32	(1.87)	4.92
NWKCX	0.82	0.03	0.03	0.11	0.77	(0.96)	2.23	(1.49)	5.14
GLPIX	0.50	0.16	0.12	2.43	0.37	(0.56)	1.20	(0.89)	3.01

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