Tcm Small Correlations

TCMSX Fund

USD 48.83 0.80 1.61%

The current 90-days correlation between Tcm Small Cap and Goldman Sachs Mlp is 0.15 (i.e., Average 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 0.93 (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

0.93	VSGAX	Vanguard Small Cap	Pair Corr
0.93	VSGIX	Vanguard Small Cap	Pair Corr
0.93	VISGX	Vanguard Small Cap	Pair Corr
0.93	VEXPX	Vanguard Explorer	Pair Corr
0.93	VEXRX	Vanguard Explorer	Pair Corr
0.9	JGMIX	Janus Triton	Pair Corr
0.89	JGMRX	Janus Triton	Pair Corr
0.89	JGMAX	Janus Triton	Pair Corr
0.88	JGMCX	Janus Triton	Pair Corr
0.91	JGMNX	Janus Triton	Pair Corr
0.85	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.84	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.86	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.85	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.87	PSPFX	Global Resources Steady Growth	Pair Corr
0.87	UJPIX	Ultrajapan Profund Steady Growth	Pair Corr
0.86	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.75	KF	Korea Closed	Pair Corr
0.85	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.9	UNWPX	World Precious Minerals	Pair Corr
0.89	CVSCX	Calamos Market Neutral	Pair Corr
0.81	GIMCX	Nationwide Investor	Pair Corr
0.89	MNCRX	Pro-blend(r) Conservative	Pair Corr
0.72	RAPAX	Cohen Steers Real	Pair Corr
0.71	TWTIX	Intermediate Term Tax	Pair Corr
0.87	PHYGX	Pgim High Yield	Pair Corr
0.88	RNGAX	New Economy Fund	Pair Corr
0.93	GCEYX	Ab Global E	Pair Corr
0.84	VCIEX	International Equities	Pair Corr
0.64	APPLX	Appleseed Fund Appleseed	Pair Corr
0.84	EMRGX	Emerging Markets Growth	Pair Corr
0.88	SGDIX	Deutsche Gold Precious Steady Growth	Pair Corr
0.78	FXAIX	Fidelity 500 Index	Pair Corr
0.91	JGHTX	J Hancock Ii	Pair Corr
0.85	BBTIX	Bridge Builder Tax	Pair Corr
0.84	EPSRX	Mainstay Epoch Global	Pair Corr

Related Correlations Analysis

	CSMVX	RYPRX	RYPNX	FEVIX	FSLVX	ILLLX	USWGX	CIPSX	NWKCX	GLPIX
CSMVX		0.91	0.95	0.86	0.88	-0.52	0.7	0.69	0.9	0.76	CSMVX
RYPRX	0.91		0.96	0.93	0.94	-0.74	0.78	0.41	0.7	0.92	RYPRX
RYPNX	0.95	0.96		0.93	0.97	-0.59	0.82	0.57	0.79	0.85	RYPNX
FEVIX	0.86	0.93	0.93		0.92	-0.65	0.78	0.41	0.66	0.87	FEVIX
FSLVX	0.88	0.94	0.97	0.92		-0.56	0.89	0.55	0.74	0.81	FSLVX
ILLLX	-0.52	-0.74	-0.59	-0.65	-0.56		-0.4	0.15	-0.22	-0.83	ILLLX
USWGX	0.7	0.78	0.82	0.78	0.89	-0.4		0.51	0.64	0.63	USWGX
CIPSX	0.69	0.41	0.57	0.41	0.55	0.15	0.51		0.88	0.12	CIPSX
NWKCX	0.9	0.7	0.79	0.66	0.74	-0.22	0.64	0.88		0.45	NWKCX
GLPIX	0.76	0.92	0.85	0.87	0.81	-0.83	0.63	0.12	0.45		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	+ 0.97	RYPNX
RYPNX	+ 0.96	RYPRX
RYPNX	+ 0.95	CSMVX
FSLVX	+ 0.94	RYPRX
FEVIX	+ 0.93	RYPRX
FEVIX	+ 0.93	RYPNX

High negative correlations

GLPIX	- 0.83	ILLLX
ILLLX	- 0.74	RYPRX
ILLLX	- 0.65	FEVIX
ILLLX	- 0.59	RYPNX
ILLLX	- 0.56	FSLVX
ILLLX	- 0.52	CSMVX

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	0.94	0.04	0.07	0.14	0.83	(1.01)	2.62	(1.78)	6.00
RYPRX	0.85	0.17	0.21	0.25	0.42	(1.05)	2.53	(1.41)	4.57
RYPNX	0.95	0.19	0.20	0.25	0.74	(1.13)	2.61	(1.80)	6.03
FEVIX	0.82	0.11	0.05	0.25	1.50	(0.81)	1.38	(1.33)	18.28
FSLVX	0.50	0.07	0.07	0.20	0.33	(0.58)	1.32	(1.01)	3.09
ILLLX	1.53	(0.09)	0.00	0.42	0.00	0.00	2.89	(3.56)	10.53
USWGX	0.69	0.34	0.26	(1.47)	0.19	(0.84)	1.13	(1.22)	12.37
CIPSX	0.86	(0.03)	0.00	0.09	0.89	(0.93)	2.32	(1.84)	5.60
NWKCX	0.75	0.00	0.00	0.11	0.73	(0.87)	2.19	(1.41)	4.84
GLPIX	0.52	0.18	0.10	3.20	0.32	(0.59)	1.20	(0.89)	2.71

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