Tfa Quantitative Correlations

TFAQX Fund

USD 11.19 0.03 0.27%

The current 90-days correlation between Tfa Quantitative and Tfa Alphagen Growth is 0.98 (i.e., Almost no 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

Poor diversification

The correlation between Tfa Quantitative and DJI is 0.74 (i.e., Poor 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 producer price index.

Moving together with Tfa Mutual Fund

1.0	TFAGX	Tfa Alphagen Growth	Pair Corr
1.0	TFAFX	Tactical Growth Allo	Pair Corr
0.72	PFN	Pimco Income Strategy	Pair Corr
0.82	XNKGX	Nuveen Georgia Quality	Pair Corr
0.8	XPPRX	Voya Prime Rate	Pair Corr
0.79	PCF	Putnam High Income	Pair Corr
0.99	NUESX	Northern Quality Esg	Pair Corr
0.96	BMSYX	Mfs Blended Research	Pair Corr
0.89	MUTHX	Franklin Mutual Shares	Pair Corr
0.75	SIYYX	Simt High Yield	Pair Corr
0.91	OAKBX	Oakmark Equity And	Pair Corr
0.82	PHDTX	Pace High Yield	Pair Corr
0.98	FINFX	American Funds Funda	Pair Corr
0.84	CAACX	Calvert Aggressive	Pair Corr
0.76	BSCXX	Northern Institutional	Pair Corr
0.77	RULFX	Rbc Ultra Short	Pair Corr
0.83	ASVNX	Small Cap Value	Pair Corr
0.99	AULYX	Ultra Fund Y	Pair Corr
0.97	HCMNX	Hcm Dividend Sector	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr

Moving against Tfa Mutual Fund

0.7	XNXJX	Nuveen New Jersey	Pair Corr
0.54	PAUPX	Pimco All Asset	Pair Corr
0.51	PAUIX	Pimco All Asset	Pair Corr
0.38	XDSMX	Dreyfus Strategic	Pair Corr
0.32	TFAZX	Tfa Tactical Income	Pair Corr
0.64	XNBHX	Neuberger Berman Int	Pair Corr
0.33	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	TFAGX	TFAFX	TFAZX	USA	FTAGX	VIGAX	VFIAX	PEVAX	SMGXX
TFAGX		0.99	-0.35	0.96	0.95	0.98	0.99	0.95	0.22	TFAGX
TFAFX	0.99		-0.31	0.97	0.95	0.99	1.0	0.94	0.3	TFAFX
TFAZX	-0.35	-0.31		-0.28	-0.17	-0.36	-0.3	-0.25	0.11	TFAZX
USA	0.96	0.97	-0.28		0.97	0.96	0.98	0.94	0.39	USA
FTAGX	0.95	0.95	-0.17	0.97		0.95	0.97	0.96	0.38	FTAGX
VIGAX	0.98	0.99	-0.36	0.96	0.95		0.99	0.93	0.27	VIGAX
VFIAX	0.99	1.0	-0.3	0.98	0.97	0.99		0.95	0.33	VFIAX
PEVAX	0.95	0.94	-0.25	0.94	0.96	0.93	0.95		0.23	PEVAX
SMGXX	0.22	0.3	0.11	0.39	0.38	0.27	0.33	0.23		SMGXX
	TFAGX	TFAFX	TFAZX	USA	FTAGX	VIGAX	VFIAX	PEVAX	SMGXX

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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

VFIAX	+ 1.0	TFAFX
TFAFX	+ 0.99	TFAGX
VFIAX	+ 0.99	TFAGX
VIGAX	+ 0.99	TFAFX
VFIAX	+ 0.99	VIGAX
VIGAX	+ 0.98	TFAGX

High negative correlations

VIGAX	- 0.36	TFAZX
TFAZX	- 0.35	TFAGX
TFAZX	- 0.31	TFAFX
VFIAX	- 0.3	TFAZX
USA	- 0.28	TFAZX
PEVAX	- 0.25	TFAZX

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
TFAGX	0.61	(0.02)	(0.03)	0.10	0.82	(0.66)	1.32	(1.38)	4.35
TFAFX	0.57	(0.01)	(0.04)	0.11	0.71	(0.63)	1.15	(1.62)	3.90
TFAZX	0.17	(0.02)	(0.46)	(0.02)	0.19	(0.20)	0.35	(0.36)	0.95
USA	0.71	0.05	0.02	0.19	0.67	(0.83)	1.62	(1.55)	3.71
FTAGX	0.31	0.00	(0.17)	0.12	0.23	(0.35)	0.63	(0.64)	2.05
VIGAX	0.71	0.01	0.00	0.13	1.01	(0.67)	1.64	(2.01)	5.18
VFIAX	0.56	0.00	(0.02)	0.12	0.65	(0.57)	1.17	(1.31)	3.84
PEVAX	0.79	0.00	0.04	0.12	0.65	(0.97)	1.93	(1.23)	5.73
SMGXX	0.03	0.00	0.00	0.48	0.00	0.00	0.00	0.00	1.01

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