Tfa Quantitative Correlations

TFAQX Fund

USD 11.06 0.03 0.27%

The current 90-days correlation between Tfa Quantitative and Oppenheimer Global is 0.15 (i.e., Average 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 0.47 (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 main economic indicators.

Moving together with Tfa Mutual Fund

0.92	TFAFX	Tactical Growth Allo	Pair Corr
0.65	TFAZX	Tfa Tactical Income	Pair Corr

Moving against Tfa Mutual Fund

0.38

SOAEX

Spirit Of America

Pair Corr

Related Correlations Analysis

	TFAGX	TFAFX	TFAQX	TFAZX	ACMIX	IPOAX	TTFRX	RYSEX	SOAAX	OGLCX
TFAGX		0.69	0.49	0.83	0.86	0.85	0.91	0.77	0.45	0.74	TFAGX
TFAFX	0.69		0.92	0.86	0.67	0.49	0.65	0.48	0.16	0.51	TFAFX
TFAQX	0.49	0.92		0.65	0.39	0.17	0.38	0.21	-0.12	0.32	TFAQX
TFAZX	0.83	0.86	0.65		0.9	0.78	0.84	0.76	0.56	0.68	TFAZX
ACMIX	0.86	0.67	0.39	0.9		0.92	0.91	0.9	0.66	0.76	ACMIX
IPOAX	0.85	0.49	0.17	0.78	0.92		0.93	0.92	0.63	0.81	IPOAX
TTFRX	0.91	0.65	0.38	0.84	0.91	0.93		0.87	0.52	0.83	TTFRX
RYSEX	0.77	0.48	0.21	0.76	0.9	0.92	0.87		0.49	0.94	RYSEX
SOAAX	0.45	0.16	-0.12	0.56	0.66	0.63	0.52	0.49		0.22	SOAAX
OGLCX	0.74	0.51	0.32	0.68	0.76	0.81	0.83	0.94	0.22		OGLCX
	TFAGX	TFAFX	TFAQX	TFAZX	ACMIX	IPOAX	TTFRX	RYSEX	SOAAX	OGLCX

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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

OGLCX	+ 0.94	RYSEX
TTFRX	+ 0.93	IPOAX
TFAQX	+ 0.92	TFAFX
IPOAX	+ 0.92	ACMIX
RYSEX	+ 0.92	IPOAX
TTFRX	+ 0.91	TFAGX

High negative correlations

SOAAX

- 0.12

TFAQX

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	0.86	0.02	0.01	0.08	1.05	(0.97)	1.10	(1.99)	10.48
TFAFX	0.61	(0.08)	0.00	(0.05)	0.00	0.00	1.09	(1.83)	3.95
TFAQX	0.78	(0.12)	0.00	(0.07)	0.00	0.00	1.27	(2.13)	5.04
TFAZX	0.20	(0.01)	(0.17)	0.00	0.24	(0.25)	0.47	(0.36)	1.19
ACMIX	0.30	0.01	(0.04)	0.09	0.27	(0.37)	0.68	(0.61)	1.92
IPOAX	0.77	0.30	0.25	0.94	0.49	(0.88)	1.93	(1.16)	10.98
TTFRX	0.60	0.10	0.12	0.21	0.44	(0.73)	1.00	(1.14)	8.66
RYSEX	0.91	0.28	0.41	0.30	0.00	(1.25)	1.83	(1.05)	15.38
SOAAX	0.56	0.07	0.05	0.25	0.69	(0.56)	1.35	(1.09)	2.94
OGLCX	1.68	0.54	0.55	0.29	0.36	(2.18)	1.48	(1.72)	52.48

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