Tfa Quantitative Correlations

TFAQX Fund

USD 11.30 0.01 0.09%

The current 90-days correlation between Tfa Quantitative and Calamos Dynamic Convertible is 0.56 (i.e., Very weak diversification). The correlation of Tfa Quantitative 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 Quantitative Correlation With Market

Very weak diversification

The correlation between Tfa Quantitative and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tfa Quantitative 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 Quantitative. 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 inflation.

Moving together with Tfa Mutual Fund

0.93	TFAGX	Tfa Alphagen Growth	Pair Corr
0.68	TFAFX	Tactical Growth Allo	Pair Corr
0.9	TFAZX	Tfa Tactical Income	Pair Corr
0.61	PAALX	All Asset Fund	Pair Corr
0.62	PATRX	Pimco All Asset	Pair Corr
0.61	PASAX	All Asset Fund	Pair Corr
0.62	PASCX	All Asset Fund	Pair Corr
0.61	PAANX	Pimco All Asset	Pair Corr

Related Correlations Analysis

	CCD	ARBOX	FSAWX	NCIDX	PBXIX	LCFYX
CCD		-0.08	-0.24	0.92	0.53	0.87	CCD
ARBOX	-0.08		0.7	-0.02	0.06	0.07	ARBOX
FSAWX	-0.24	0.7		-0.14	0.03	-0.14	FSAWX
NCIDX	0.92	-0.02	-0.14		0.66	0.94	NCIDX
PBXIX	0.53	0.06	0.03	0.66		0.67	PBXIX
LCFYX	0.87	0.07	-0.14	0.94	0.67		LCFYX
	CCD	ARBOX	FSAWX	NCIDX	PBXIX	LCFYX

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

LCFYX	+ 0.94	NCIDX
NCIDX	+ 0.92	CCD
LCFYX	+ 0.87	CCD
FSAWX	+ 0.7	ARBOX
LCFYX	+ 0.67	PBXIX
PBXIX	+ 0.66	NCIDX

High negative correlations

FSAWX	- 0.24	CCD
LCFYX	- 0.14	FSAWX
NCIDX	- 0.14	FSAWX
ARBOX	- 0.08	CCD
NCIDX	- 0.02	ARBOX

Risk-Adjusted Indicators

There is a big difference between Tfa Mutual Fund performing well and Tfa Quantitative 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 Quantitative'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
CCD	0.86	0.00	0.00	0.05	1.06	(0.89)	1.87	(2.08)	4.70
ARBOX	0.14	(0.06)	0.00	(0.41)	0.00	0.00	0.09	(0.09)	3.34
FSAWX	0.25	(0.09)	0.00	(16.55)	0.00	0.00	0.26	(0.26)	7.53
NCIDX	0.77	(0.02)	(0.02)	0.03	1.00	(0.74)	1.29	(1.76)	4.78
PBXIX	0.37	(0.05)	0.00	(0.06)	0.00	0.00	0.63	(0.90)	2.34
LCFYX	0.79	(0.01)	(0.02)	0.03	0.98	(0.86)	1.41	(1.77)	4.63

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