1290 Unconstrained Correlations

TNUIX Fund

USD 8.39 0.01 0.12%

The current 90-days correlation between 1290 Unconstrained Bond and 1290 Essex Small is 0.01 (i.e., Significant diversification). The correlation of 1290 Unconstrained 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.

1290 Unconstrained Correlation With Market

Average diversification

The correlation between 1290 Unconstrained 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 1290 Unconstrained 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 1290 Unconstrained 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 gross domestic product.

Moving together with 1290 Mutual Fund

0.98	TNURX	1290 Unconstrained Bond	Pair Corr
0.98	TNUAX	1290 Unconstrained Bond	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.96	PTTPX	Pimco Total Return	Pair Corr
0.96	PTRRX	Total Return	Pair Corr
0.98	PTRAX	Total Return	Pair Corr
0.96	PTTRX	Total Return	Pair Corr

Moving against 1290 Mutual Fund

0.75	TNRAX	1290 Funds	Pair Corr
0.71	ESCKX	1290 Funds	Pair Corr
0.71	ESCJX	1290 Essex Small	Pair Corr
0.7	ESCFX	1290 Funds	Pair Corr
0.66	TNVAX	1290 Gamco Smallmid	Pair Corr
0.62	TNBCX	1290 Smartbeta Equity	Pair Corr
0.61	TNVCX	1290 Gamco Smallmid	Pair Corr
0.47	TNBIX	1290 Smartbeta Equity	Pair Corr
0.46	TNBAX	1290 Smartbeta Equity	Pair Corr
0.45	TNBRX	1290 Smartbeta Equity	Pair Corr
0.45	TNQIX	1290 Retirement 2055	Pair Corr
0.39	TNHIX	1290 High Yield	Pair Corr
0.38	TNHAX	1290 High Yield	Pair Corr
0.34	TNOIX	1290 Retirement 2045	Pair Corr
0.32	TNHRX	1290 High Yield	Pair Corr
0.31	TNMIX	1290 Multi Alternative	Pair Corr
0.86	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.75	SMPIX	Semiconductor Ultrasector	Pair Corr
0.73	TNXIX	1290 Retirement 2060	Pair Corr
0.72	RMQAX	Monthly Rebalance	Pair Corr
0.71	SMPSX	Semiconductor Ultrasector	Pair Corr
0.67	TNVIX	1290 Gamco Smallmid	Pair Corr
0.67	RSNRX	Victory Global Natural	Pair Corr
0.66	TNVRX	1290 Gamco Smallmid	Pair Corr
0.64	FIKGX	Fidelity Advisor Sem	Pair Corr
0.63	RSNYX	Victory Global Natural	Pair Corr
0.63	RGNCX	Victory Global Natural	Pair Corr
0.4	TNWIX	1290 Retirement 2050	Pair Corr

Related Correlations Analysis

	ESCJX	ESCFX	TNBIX	TNBCX	TNBAX	TNIIX	TNHAX	TNHIX	TNHCX	TNHRX
ESCJX		0.92	0.7	0.64	0.7	0.17	0.57	0.6	0.4	0.55	ESCJX
ESCFX	0.92		0.75	0.62	0.75	0.25	0.54	0.58	0.39	0.51	ESCFX
TNBIX	0.7	0.75		0.83	1.0	0.64	0.81	0.81	0.73	0.8	TNBIX
TNBCX	0.64	0.62	0.83		0.83	0.34	0.83	0.81	0.82	0.8	TNBCX
TNBAX	0.7	0.75	1.0	0.83		0.65	0.81	0.8	0.72	0.8	TNBAX
TNIIX	0.17	0.25	0.64	0.34	0.65		0.53	0.53	0.52	0.58	TNIIX
TNHAX	0.57	0.54	0.81	0.83	0.81	0.53		0.99	0.95	0.99	TNHAX
TNHIX	0.6	0.58	0.81	0.81	0.8	0.53	0.99		0.94	0.99	TNHIX
TNHCX	0.4	0.39	0.73	0.82	0.72	0.52	0.95	0.94		0.95	TNHCX
TNHRX	0.55	0.51	0.8	0.8	0.8	0.58	0.99	0.99	0.95		TNHRX
	ESCJX	ESCFX	TNBIX	TNBCX	TNBAX	TNIIX	TNHAX	TNHIX	TNHCX	TNHRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between 1290 Mutual Fund performing well and 1290 Unconstrained 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 1290 Unconstrained'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
ESCJX	1.07	0.14	0.02	1.75	1.25	(1.25)	2.57	(2.19)	7.79
ESCFX	1.07	0.01	0.05	0.12	1.16	(1.26)	2.58	(2.28)	7.91
TNBIX	0.43	(0.01)	(0.11)	0.10	0.39	(0.54)	1.12	(0.66)	2.67
TNBCX	0.30	0.05	(0.14)	(0.36)	0.26	(0.57)	0.88	(0.61)	2.35
TNBAX	0.43	(0.01)	(0.11)	0.10	0.39	(0.54)	1.12	(0.66)	2.74
TNIIX	0.23	(0.02)	(0.34)	0.05	0.21	(0.32)	0.55	(0.46)	1.47
TNHAX	0.11	0.00	(0.62)	0.00	0.00	(0.16)	0.24	(0.12)	0.70
TNHIX	0.10	0.02	(0.67)	3.00	0.00	(0.16)	0.24	(0.12)	0.59
TNHCX	0.06	0.01	(0.69)	(0.95)	0.00	(0.20)	0.24	(0.12)	0.58
TNHRX	0.09	0.02	(0.68)	(6.03)	0.00	(0.17)	0.24	(0.12)	0.59

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC