Tfa Alphagen Correlations

TFAGX Fund

USD 11.36 0.10 0.87%

The current 90-days correlation between Tfa Alphagen Growth and Sp Smallcap 600 is 0.15 (i.e., Average diversification). The correlation of Tfa Alphagen 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.

Tfa Alphagen Correlation With Market

Significant diversification

The correlation between Tfa Alphagen Growth and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tfa Alphagen Growth 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 Tfa Alphagen Growth. 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 Tfa Mutual Fund

0.83	TFAFX	Tactical Growth Allo	Pair Corr
0.83	TFAQX	Tfa Quantitative	Pair Corr
0.75	TFAZX	Tfa Tactical Income	Pair Corr
0.73	JCE	Nuveen Core Equity	Pair Corr
0.66	CFIPX	Qs Global Equity	Pair Corr
0.84	SCRUX	Invesco Low Volatility	Pair Corr
0.78	CICVX	Calamos Vertible	Pair Corr
0.67	FLAPX	Fidelity Flex Mid	Pair Corr
0.76	CMCGX	Columbia Moderate 529	Pair Corr
0.74	RSCYX	Victory Rs Small	Pair Corr
0.76	VRRJX	Voya Target Retirement	Pair Corr
0.79	VAPPX	Valic Company I	Pair Corr
0.78	CMTPX	Future Scholar 529	Pair Corr
0.64	QNZRX	Aqr Sustainable Long	Pair Corr
0.75	MSEGX	Growth Portfolio Class Steady Growth	Pair Corr
0.8	GAB	Gabelli Equity Trust	Pair Corr
0.72	TNBMX	T Rowe Price	Pair Corr
0.9	MBSAX	Multisector Bond Sma	Pair Corr

Moving against Tfa Mutual Fund

0.55

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	RYYCX	NESGX	DFDSX	GLVIX	PSBMX	QUAZX	QLMSIX	VYRDX
RYYCX		0.66	0.93	0.48	0.88	0.91	0.83	0.87	RYYCX
NESGX	0.66		0.47	0.69	0.49	0.71	0.43	0.41	NESGX
DFDSX	0.93	0.47		0.31	0.95	0.91	0.91	0.94	DFDSX
GLVIX	0.48	0.69	0.31		0.3	0.54	0.34	0.26	GLVIX
PSBMX	0.88	0.49	0.95	0.3		0.92	0.91	0.92	PSBMX
QUAZX	0.91	0.71	0.91	0.54	0.92		0.88	0.85	QUAZX
QLMSIX	0.83	0.43	0.91	0.34	0.91	0.88		0.95	QLMSIX
VYRDX	0.87	0.41	0.94	0.26	0.92	0.85	0.95		VYRDX
	RYYCX	NESGX	DFDSX	GLVIX	PSBMX	QUAZX	QLMSIX	VYRDX

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Risk-Adjusted Indicators

There is a big difference between Tfa Mutual Fund performing well and Tfa Alphagen 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 Tfa Alphagen'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
RYYCX	0.94	0.04	0.00	0.18	1.12	(0.98)	1.99	(1.76)	10.89
NESGX	1.31	0.04	0.00	0.16	1.72	(1.34)	2.41	(2.39)	9.74
DFDSX	0.81	0.00	(0.04)	0.08	1.02	(0.84)	1.67	(1.53)	8.01
GLVIX	0.79	0.10	0.03	0.40	0.90	(0.87)	1.53	(1.18)	5.26
PSBMX	0.88	0.00	(0.03)	0.10	1.24	(0.86)	1.72	(1.55)	9.63
QUAZX	1.07	0.03	0.00	0.14	1.41	(1.03)	1.93	(2.13)	9.06
QLMSIX	0.96	0.07	0.00	0.35	1.22	(0.95)	1.75	(1.65)	9.23
VYRDX	0.79	0.04	(0.04)	0.37	1.00	(0.89)	1.66	(1.25)	10.40

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