Tcw Funds Correlations

TGEPX Fund

USD 6.64 0.01 0.15%

The current 90-days correlation between Tcw Funds and Prudential Government Income is -0.01 (i.e., Good diversification). The correlation of Tcw Funds 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.

Tcw Funds Correlation With Market

Significant diversification

The correlation between Tcw Funds and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Funds 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 Tcw Funds . 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 american community survey.

Moving together with Tcw Mutual Fund

0.99	TGEIX	Tcw Emerging Markets	Pair Corr
0.92	TGINX	Tcw Emerging Markets	Pair Corr
0.89	TGPCX	Tcw Servative Allocation	Pair Corr
0.65	TGRYX	Tcw Global Real	Pair Corr
0.97	FGBMX	Fidelity New Markets	Pair Corr
0.9	FGZMX	Fidelity New Markets	Pair Corr
0.9	FGWMX	Fidelity New Markets	Pair Corr
0.9	FGVMX	Fidelity New Markets	Pair Corr
0.9	FGYMX	Fidelity New Markets	Pair Corr
0.89	MEDIX	Mfs Emerging Markets	Pair Corr
0.94	MEDCX	Mfs Emerging Markets	Pair Corr
0.95	MEDAX	Mfs Emerging Markets	Pair Corr
0.94	MEDBX	Mfs Emerging Markets	Pair Corr
0.95	MEDEX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	PGIQX	CGTCX	USGFX	LCCXX	SMAAX	FHNFX
PGIQX		0.97	0.97	0.0	0.88	1.0	PGIQX
CGTCX	0.97		1.0	0.0	0.84	0.97	CGTCX
USGFX	0.97	1.0		0.0	0.84	0.97	USGFX
LCCXX	0.0	0.0	0.0		0.0	0.0	LCCXX
SMAAX	0.88	0.84	0.84	0.0		0.87	SMAAX
FHNFX	1.0	0.97	0.97	0.0	0.87		FHNFX
	PGIQX	CGTCX	USGFX	LCCXX	SMAAX	FHNFX

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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

FHNFX	+ 1.0	PGIQX
USGFX	+ 1.0	CGTCX
CGTCX	+ 0.97	PGIQX
USGFX	+ 0.97	PGIQX
FHNFX	+ 0.97	CGTCX
FHNFX	+ 0.97	USGFX

High negative correlations

FHNFX	- 0.0	LCCXX
SMAAX	- 0.0	LCCXX
LCCXX	- 0.0	USGFX
LCCXX	- 0.0	CGTCX
LCCXX	- 0.0	PGIQX

Risk-Adjusted Indicators

There is a big difference between Tcw Mutual Fund performing well and Tcw Funds 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 Tcw Funds' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PGIQX	0.23	(0.04)	(0.48)	0.50	(0.64)	1.41
CGTCX	0.23	(0.03)	0.60	0.34	(0.51)	1.49
USGFX	0.22	(0.03)	0.54	0.34	(0.42)	1.48
LCCXX	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.12	(0.02)	(0.31)	0.20	(0.30)	0.99
FHNFX	0.24	(0.04)	(0.45)	0.54	(0.54)	1.63

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