Thompson Largecap Correlations

THPGX Fund

USD 98.24 2.55 2.53%

The current 90-days correlation between Thompson Largecap and Clipper Fund Inc is 0.26 (i.e., Modest diversification). The correlation of Thompson Largecap 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.

Thompson Largecap Correlation With Market

Modest diversification

The correlation between Thompson Largecap Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thompson Largecap Fund 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 Thompson Largecap Fund. 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 price.

Moving together with THOMPSON Mutual Fund

0.98	THPMX	Thompson Midcap	Pair Corr
0.65	AFMFX	American Mutual	Pair Corr
0.65	FFMMX	American Funds American	Pair Corr
0.65	FFFMX	American Funds American	Pair Corr
0.65	AMRMX	American Mutual	Pair Corr
0.66	AMFFX	American Mutual	Pair Corr
0.67	AMFCX	American Mutual	Pair Corr
0.65	DODGX	Dodge Stock Fund	Pair Corr

Moving against THOMPSON Mutual Fund

0.81	RYAFX	Inverse Russell 2000 Steady Growth	Pair Corr
0.36	THOPX	Thompson Bond	Pair Corr
0.7	CSACX	Credit Suisse Managed	Pair Corr
0.58	EGRAX	Eaton Vance Global	Pair Corr
0.49	AMFIX	Aama Income Fund	Pair Corr
0.46	GBMBX	Gmo Benchmark Free	Pair Corr
0.43	JUCRX	Janus Global Unconst	Pair Corr
0.32	RAMBX	Short Term Bond	Pair Corr
0.56	QMHRX	Aqr Managed Futures	Pair Corr
0.52	FAUZX	Franklin Adjustable	Pair Corr
0.45	CFAMX	Short Term Bond	Pair Corr
0.41	ASYDX	Short Duration Strategic	Pair Corr

Related Correlations Analysis

	CFIMX	MVALX	MERDX	MUHLX	RYOCX
CFIMX		0.71	0.73	0.71	0.72	CFIMX
MVALX	0.71		0.87	0.88	0.92	MVALX
MERDX	0.73	0.87		0.68	0.86	MERDX
MUHLX	0.71	0.88	0.68		0.8	MUHLX
RYOCX	0.72	0.92	0.86	0.8		RYOCX
	CFIMX	MVALX	MERDX	MUHLX	RYOCX

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Risk-Adjusted Indicators

There is a big difference between THOMPSON Mutual Fund performing well and Thompson Largecap 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 Thompson Largecap'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CFIMX	0.77	(0.09)	(0.19)	1.17	(1.63)	8.65
MVALX	0.91	(0.19)	(0.33)	1.31	(2.31)	4.73
MERDX	0.75	(0.11)	(0.21)	1.24	(1.95)	4.47
MUHLX	0.80	(0.13)	(0.23)	1.47	(1.48)	8.25
RYOCX	1.11	(0.09)	(0.19)	1.68	(2.79)	9.22

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