Tfa Tactical Correlations

TFAZX Fund

USD 8.53 0.03 0.35%

The current 90-days correlation between Tfa Tactical Income and Astor Longshort Fund is 0.04 (i.e., Significant diversification). The correlation of Tfa Tactical 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 Tactical Correlation With Market

Poor diversification

The correlation between Tfa Tactical Income and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tfa Tactical Income 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 Tactical Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Tfa Mutual Fund

0.83	BSICX	Blackrock Strategic Opps	Pair Corr
0.83	BASIX	Blackrock Strategic Opps	Pair Corr
0.86	BSIIX	Blackrock Strategic	Pair Corr
0.85	BSIKX	Blackrock Strategic	Pair Corr
0.71	JSORX	Jpmorgan Strategic Income	Pair Corr
0.77	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.77	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.77	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.71	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.71	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.84	PDI	Pimco Dynamic Income	Pair Corr
0.66	INTC	Intel	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr

Moving against Tfa Mutual Fund

0.88	UIPIX	Ultrashort Mid Cap	Pair Corr
0.86	USPSX	Profunds Ultrashort	Pair Corr
0.85	USPIX	Profunds Ultrashort	Pair Corr
0.32	HPQ	HP Inc	Pair Corr
0.31	MMM	3M Company	Pair Corr

Related Correlations Analysis

	BXDCX	PRMDX	QLENX	TSDCX	ASTIX
BXDCX		0.95	0.72	0.94	0.94	BXDCX
PRMDX	0.95		0.64	0.92	0.97	PRMDX
QLENX	0.72	0.64		0.78	0.64	QLENX
TSDCX	0.94	0.92	0.78		0.86	TSDCX
ASTIX	0.94	0.97	0.64	0.86		ASTIX
	BXDCX	PRMDX	QLENX	TSDCX	ASTIX

Risk-Adjusted Indicators

There is a big difference between Tfa Mutual Fund performing well and Tfa Tactical 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 Tactical'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
BXDCX	0.05	0.00	(0.24)	0.64	0.00	(0.15)	0.11	(0.11)	0.54
PRMDX	0.03	0.00	0.00	(0.29)	0.00	0.00	0.19	0.00	0.39
QLENX	0.33	0.07	0.12	0.37	0.16	(0.39)	0.85	(0.51)	1.88
TSDCX	0.04	0.00	0.00	(2.21)	0.00	0.00	0.11	(0.11)	0.44
ASTIX	0.34	0.06	0.09	0.18	0.18	(0.41)	0.65	(0.64)	4.65

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