Toews Tactical Correlations

THHYX Fund

USD 9.96 0.02 0.20%

The current 90-days correlation between Toews Tactical Income and Lord Abbett Health is 0.38 (i.e., Weak diversification). The correlation of Toews 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.

Toews Tactical Correlation With Market

Poor diversification

The correlation between Toews Tactical Income and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toews 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 Toews 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 private.

Moving together with Toews Mutual Fund

0.74

TUIFX

Toews Unconstrained

Pair Corr

Moving against Toews Mutual Fund

0.59	JSORX	Jpmorgan Strategic Income	Pair Corr
0.59	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.55	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.48	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.46	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.46	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.58	ARMLX	Western Asset Adjustable	Pair Corr
0.52	NNJAX	Nuveen New Jersey	Pair Corr
0.5	MISHX	Ab Municipal Income	Pair Corr
0.42	HLDTX	Hartford Emerging	Pair Corr
0.41	FTHRX	Fidelity Intermediate	Pair Corr
0.38	HLDIX	Hartford Emerging	Pair Corr
0.38	HLDRX	Hartford Emerging	Pair Corr
0.37	HLDAX	Hartford Emerging	Pair Corr
0.34	HLDCX	Hartford Emerging	Pair Corr
0.58	PYSFX	Payden Securitized Income	Pair Corr
0.56	FYMNX	Nuveen Minnesota Mun	Pair Corr

Related Correlations Analysis

	LHCCX	HCPIX	RAGHX	AHSCX	FHCCX	DLRHX	BHSRX
LHCCX		0.97	0.97	0.96	0.99	0.84	0.92	LHCCX
HCPIX	0.97		0.99	0.94	0.97	0.84	0.94	HCPIX
RAGHX	0.97	0.99		0.94	0.97	0.83	0.94	RAGHX
AHSCX	0.96	0.94	0.94		0.94	0.91	0.95	AHSCX
FHCCX	0.99	0.97	0.97	0.94		0.85	0.92	FHCCX
DLRHX	0.84	0.84	0.83	0.91	0.85		0.93	DLRHX
BHSRX	0.92	0.94	0.94	0.95	0.92	0.93		BHSRX
	LHCCX	HCPIX	RAGHX	AHSCX	FHCCX	DLRHX	BHSRX

Risk-Adjusted Indicators

There is a big difference between Toews Mutual Fund performing well and Toews 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 Toews 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
LHCCX	0.74	0.19	0.19	0.36	0.56	(0.87)	1.89	(1.24)	4.51
HCPIX	1.01	0.22	0.17	0.30	0.90	(1.17)	3.31	(1.93)	7.66
RAGHX	0.74	0.15	0.17	0.27	0.56	(0.93)	2.07	(1.56)	4.55
AHSCX	0.77	0.19	0.15	0.39	0.67	(0.87)	1.85	(1.53)	5.46
FHCCX	0.71	0.17	0.16	0.31	0.58	(0.83)	1.67	(1.39)	5.11
DLRHX	0.85	0.31	0.34	0.43	0.33	(1.04)	2.09	(1.15)	7.14
BHSRX	0.66	0.24	0.28	0.52	0.25	(0.82)	2.04	(1.12)	4.57

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