Tcw Global Correlations

TGGFX Fund

USD 8.14 0.01 0.12%

The current 90-days correlation between Tcw Global Bond and Barings Global Floating is -0.04 (i.e., Good diversification). The correlation of Tcw Global 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 Global Correlation With Market

Average diversification

The correlation between Tcw Global Bond and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Global Bond 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 Global Bond. 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 census.

Moving together with TCW Mutual Fund

0.99	TGCFX	Tcw E Fixed	Pair Corr
0.96	TGCPX	Tcw Core Fixed	Pair Corr
0.99	TGFNX	Tcw E Fixed	Pair Corr
0.98	TGGBX	Tcw Global Bond	Pair Corr
0.99	TGLSX	Tcw Total Return	Pair Corr
0.99	TGMNX	Tcw Total Return	Pair Corr
0.96	TGLMX	Tcw Total Return	Pair Corr
0.61	TGPNX	Tcw Servative Allocation	Pair Corr
0.89	TGREX	Tcw Global Real	Pair Corr
0.9	TGRYX	Tcw Global Real	Pair Corr
0.92	TGWIX	Tcw Emerging Markets	Pair Corr
0.92	TGWNX	Tcw Emerging Markets	Pair Corr
0.97	FGBRX	Templeton Global Bond	Pair Corr
0.97	FBNRX	Templeton Global Bond	Pair Corr
1.0	FCWBX	Capital World Bond	Pair Corr
1.0	RCWBX	Capital World Bond	Pair Corr
0.98	CCWFX	Capital World Bond	Pair Corr
0.98	CCWCX	Capital World Bond	Pair Corr
0.98	RCWEX	Capital World Bond	Pair Corr
0.98	CCWEX	Capital World Bond	Pair Corr
0.98	RCWCX	Capital World Bond	Pair Corr

Moving against TCW Mutual Fund

0.81	TGCEX	Tcw Select Equities	Pair Corr
0.81	TGCNX	Tcw Select Equities	Pair Corr
0.69	TGHYX	Tcw High Yield	Pair Corr
0.68	TGDIX	Tcw Relative Value	Pair Corr
0.67	TGDVX	Tcw Relative Value	Pair Corr
0.9	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.88	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.78	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.78	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.78	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.78	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	TGVNX	Tcw Relative Value	Pair Corr
0.7	TGVOX	Tcw Relative Value	Pair Corr

Related Correlations Analysis

	BXFIX	DODWX	ANAZX	MFIRX	EQTYX	TRGLX
BXFIX		0.25	-0.55	0.28	-0.2	0.3	BXFIX
DODWX	0.25		0.01	0.42	0.17	0.83	DODWX
ANAZX	-0.55	0.01		0.5	0.32	-0.27	ANAZX
MFIRX	0.28	0.42	0.5		0.15	0.26	MFIRX
EQTYX	-0.2	0.17	0.32	0.15		0.23	EQTYX
TRGLX	0.3	0.83	-0.27	0.26	0.23		TRGLX
	BXFIX	DODWX	ANAZX	MFIRX	EQTYX	TRGLX

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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

TRGLX	+ 0.83	DODWX
MFIRX	+ 0.5	ANAZX
MFIRX	+ 0.42	DODWX
EQTYX	+ 0.32	ANAZX
TRGLX	+ 0.3	BXFIX
MFIRX	+ 0.28	BXFIX

High negative correlations

ANAZX	- 0.55	BXFIX
TRGLX	- 0.27	ANAZX
EQTYX	- 0.2	BXFIX

Risk-Adjusted Indicators

There is a big difference between TCW Mutual Fund performing well and Tcw Global 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 Global'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
BXFIX	0.07	0.03	0.00	(0.69)	0.00	0.00	0.12	(0.11)	0.81
DODWX	0.53	(0.08)	(0.16)	0.01	0.66	(0.57)	1.08	(1.09)	3.17
ANAZX	0.18	(0.02)	0.00	1.56	0.00	0.00	0.29	(0.29)	1.01
MFIRX	0.09	0.00	(0.53)	0.07	0.00	(0.24)	0.19	(0.19)	0.76
EQTYX	0.41	(0.03)	0.00	(0.10)	0.00	0.00	1.11	(0.91)	2.53
TRGLX	0.65	(0.09)	(0.12)	0.01	0.92	(0.65)	1.27	(1.44)	4.15

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