Tcw Total Correlations

TGMNX Fund

USD 8.05 0.02 0.25%

The current 90-days correlation between Tcw Total Return and Doubleline Total Return is 0.94 (i.e., Almost no diversification). The correlation of Tcw Total 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 Total Correlation With Market

Average diversification

The correlation between Tcw Total Return and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Total Return 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 Total Return. 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 board of governors.

Moving together with Tcw Mutual Fund

1.0	TGCFX	Tcw E Fixed	Pair Corr
0.98	TGCPX	Tcw Core Fixed	Pair Corr
1.0	TGFNX	Tcw E Fixed	Pair Corr
0.97	TGGBX	Tcw Global Bond	Pair Corr
0.99	TGGFX	Tcw Global Bond	Pair Corr
1.0	TGLSX	Tcw Total Return	Pair Corr
0.98	TGLMX	Tcw Total Return	Pair Corr
0.61	TGPNX	Tcw Servative Allocation	Pair Corr
0.87	TGREX	Tcw Global Real	Pair Corr
0.87	TGRYX	Tcw Global Real	Pair Corr
0.89	TGWIX	Tcw Emerging Markets	Pair Corr
0.88	TGWNX	Tcw Emerging Markets	Pair Corr
1.0	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.97	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.97	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
0.97	DODIX	Dodge Income	Pair Corr
1.0	MWTIX	Metropolitan West Total	Pair Corr

Moving against Tcw Mutual Fund

0.8	TGCEX	Tcw Select Equities	Pair Corr
0.8	TGCNX	Tcw Select Equities	Pair Corr
0.7	TGDIX	Tcw Relative Value	Pair Corr
0.68	TGDVX	Tcw Relative Value	Pair Corr
0.61	TGHYX	Tcw High Yield	Pair Corr
0.88	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.87	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.85	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.85	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.85	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.85	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.85	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.74	SMPSX	Semiconductor Ultrasector	Pair Corr
0.7	LETRX	Voya Russia Fund	Pair Corr
0.7	JDCAX	Janus Forty Fund	Pair Corr
0.69	TGVNX	Tcw Relative Value	Pair Corr
0.69	TGVOX	Tcw Relative Value	Pair Corr

Related Correlations Analysis

	DLTNX	TGINX	MWTRX	THOPX	TGFNX
DLTNX		0.49	0.97	-0.35	1.0	DLTNX
TGINX	0.49		0.43	0.42	0.48	TGINX
MWTRX	0.97	0.43		-0.39	0.98	MWTRX
THOPX	-0.35	0.42	-0.39		-0.39	THOPX
TGFNX	1.0	0.48	0.98	-0.39		TGFNX
	DLTNX	TGINX	MWTRX	THOPX	TGFNX

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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

TGFNX	+ 1.0	DLTNX
TGFNX	+ 0.98	MWTRX
MWTRX	+ 0.97	DLTNX
TGINX	+ 0.49	DLTNX
TGFNX	+ 0.48	TGINX
MWTRX	+ 0.43	TGINX

High negative correlations

TGFNX	- 0.39	THOPX
THOPX	- 0.39	MWTRX
THOPX	- 0.35	DLTNX

Risk-Adjusted Indicators

There is a big difference between Tcw Mutual Fund performing well and Tcw Total 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 Total'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
DLTNX	0.22	(0.05)	0.00	(0.66)	0.00	0.00	0.45	(0.45)	1.45
TGINX	0.21	0.00	(0.41)	0.03	0.21	(0.27)	0.36	(0.47)	1.76
MWTRX	0.24	(0.03)	0.00	0.63	0.00	0.00	0.43	(0.77)	1.56
THOPX	0.07	0.02	(0.79)	(0.89)	0.00	(0.12)	0.19	(0.10)	0.39
TGFNX	0.23	(0.05)	0.00	(1.17)	0.00	0.00	0.41	(0.72)	1.66

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