Tfa Tactical Correlations

TFAZX Fund

USD 8.58 0.01 0.12%

The current 90-days correlation between Tfa Tactical Income and New Perspective Fund is 0.85 (i.e., Very poor 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

Almost no diversification

The correlation between Tfa Tactical Income and DJI is 0.9 (i.e., Almost no 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 signals in nation.

Moving together with Tfa Mutual Fund

0.77	TFAGX	Tfa Alphagen Growth	Pair Corr
0.7	TFAFX	Tactical Growth Allo	Pair Corr
0.86	BSICX	Blackrock Strategic Opps	Pair Corr
0.86	BASIX	Blackrock Strategic Opps	Pair Corr
0.87	BSIIX	Blackrock Strategic	Pair Corr
0.87	BSIKX	Blackrock Strategic	Pair Corr
0.81	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.82	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.8	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.81	JSORX	Jpmorgan Strategic Income	Pair Corr
0.82	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.85	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.8	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.77	VFFSX	Vanguard 500 Index	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.88	VTSNX	Vanguard Total Inter	Pair Corr
0.85	VTISX	Vanguard Total Inter	Pair Corr
0.88	VTPSX	Vanguard Total Inter	Pair Corr
0.87	VINIX	Vanguard Institutional	Pair Corr
0.92	SSDYX	State Street Target	Pair Corr
0.84	CPCCX	Comstock Capital Value	Pair Corr
0.82	EMLBX	Mfs Emerging Markets	Pair Corr
0.76	ARIDX	Amg River Road	Pair Corr
0.88	AAAIX	Strategic Allocation:	Pair Corr
0.81	JTAIX	Multimanager Lifestyle	Pair Corr
0.81	WSHNX	Short Duration Income	Pair Corr
0.88	ANFFX	New Economy Fund	Pair Corr
0.96	FAJTX	American Funds 2055	Pair Corr
0.89	WFPRX	Wells Fargo Special	Pair Corr
0.96	VGSTX	Vanguard Star	Pair Corr
0.85	DPLTX	Dreyfus High Yield	Pair Corr
0.88	PGGAX	American Funds Global	Pair Corr
0.85	AMECX	Income Fund	Pair Corr
0.93	RNHIX	Rivernorthoaktree High	Pair Corr
0.89	CVSCX	Calamos Market Neutral	Pair Corr

Related Correlations Analysis

	TFAGX	TFAFX	TFAQX	PFOAX	IOFIX	PAADX	ANFFX	WSHNX	RNPBX
TFAGX		0.57	0.31	0.65	0.12	0.8	0.92	0.8	0.89	TFAGX
TFAFX	0.57		0.91	0.12	-0.06	0.65	0.78	0.3	0.8	TFAFX
TFAQX	0.31	0.91		-0.21	-0.32	0.34	0.54	-0.05	0.55	TFAQX
PFOAX	0.65	0.12	-0.21		0.66	0.72	0.58	0.86	0.57	PFOAX
IOFIX	0.12	-0.06	-0.32	0.66		0.5	0.18	0.57	0.2	IOFIX
PAADX	0.8	0.65	0.34	0.72	0.5		0.89	0.88	0.92	PAADX
ANFFX	0.92	0.78	0.54	0.58	0.18	0.89		0.72	0.98	ANFFX
WSHNX	0.8	0.3	-0.05	0.86	0.57	0.88	0.72		0.74	WSHNX
RNPBX	0.89	0.8	0.55	0.57	0.2	0.92	0.98	0.74		RNPBX
	TFAGX	TFAFX	TFAQX	PFOAX	IOFIX	PAADX	ANFFX	WSHNX	RNPBX

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

RNPBX	+ 0.98	ANFFX
ANFFX	+ 0.92	TFAGX
RNPBX	+ 0.92	PAADX
TFAQX	+ 0.91	TFAFX
RNPBX	+ 0.89	TFAGX
ANFFX	+ 0.89	PAADX

High negative correlations

IOFIX	- 0.32	TFAQX
PFOAX	- 0.21	TFAQX
IOFIX	- 0.06	TFAFX
WSHNX	- 0.05	TFAQX

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
TFAGX	0.83	0.19	0.06	(0.55)	0.90	(0.93)	1.10	(1.58)	10.48
TFAFX	0.61	(0.03)	(0.05)	0.06	0.80	(0.65)	1.09	(1.39)	3.95
TFAQX	0.77	(0.06)	(0.05)	0.04	1.13	(0.73)	1.27	(1.82)	5.04
PFOAX	0.10	0.01	(0.45)	(8.79)	0.00	(0.15)	0.20	(0.20)	0.71
IOFIX	0.14	0.01	(0.36)	0.30	0.03	(0.22)	0.27	(0.27)	0.96
PAADX	0.36	0.03	(0.04)	0.16	0.31	(0.39)	0.72	(0.76)	2.15
ANFFX	0.81	0.05	0.03	0.15	1.06	(0.74)	1.72	(1.65)	4.54
WSHNX	0.05	0.01	(1.01)	(2.37)	0.00	(0.15)	0.08	(0.08)	0.50
RNPBX	0.60	0.02	(0.01)	0.12	0.71	(0.62)	1.13	(1.26)	3.62

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