Tocqueville Fund Correlations

The current 90-days correlation between Tocqueville Fund and Equity Series Class is 0.1 (i.e., Average diversification). The correlation of Tocqueville Fund 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.

Tocqueville Fund Correlation With Market

Poor diversification

The correlation between The Tocqueville Fund and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Tocqueville 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. 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 producer price index.

Moving together with Tocqueville Mutual Fund

0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.71	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.76	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr
0.75	VFFSX	Vanguard 500 Index	Pair Corr
0.75	VINIX	Vanguard Institutional	Pair Corr
0.75	VIIIX	Vanguard Institutional	Pair Corr
0.73	KMKCX	Kinetics Market Oppo	Pair Corr
0.73	KSCYX	Kinetics Small Cap	Pair Corr
0.73	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.73	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.73	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.73	KSOCX	Kinetics Small Cap	Pair Corr
0.72	KINCX	Kinetics Internet	Pair Corr
0.73	KSCOX	Kinetics Small Cap	Pair Corr
0.73	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.73	FBALX	Fidelity Balanced	Pair Corr
0.66	SRORX	Calamos Antetokounmpo	Pair Corr
0.64	VASGX	Vanguard Lifestrategy	Pair Corr
0.78	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.61	FSELX	Fidelity Select Semi	Pair Corr
0.81	ANCIX	Ancora Microcap	Pair Corr
0.74	VIGAX	Vanguard Growth Index	Pair Corr
0.95	RGRYX	Victory Rs Growth	Pair Corr
0.78	RYMDX	Mid Cap 15x	Pair Corr
0.7	DFMGX	Df Dent Midcap	Pair Corr
0.71	SWPPX	Schwab Sp 500	Pair Corr
0.74	LGWIX	Ladenburg Growth	Pair Corr
0.76	RYRUX	Russell 2000 2x Steady Growth	Pair Corr
0.76	IMOPX	Voya Midcap Opportunities	Pair Corr

Related Correlations Analysis

	EXEYX	FMIHX	TIVFX	HRVIX	WWNPX
EXEYX		0.76	-0.36	0.81	0.81	EXEYX
FMIHX	0.76		-0.11	0.83	0.75	FMIHX
TIVFX	-0.36	-0.11		-0.39	-0.66	TIVFX
HRVIX	0.81	0.83	-0.39		0.88	HRVIX
WWNPX	0.81	0.75	-0.66	0.88		WWNPX
	EXEYX	FMIHX	TIVFX	HRVIX	WWNPX

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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

WWNPX	+ 0.88	HRVIX
HRVIX	+ 0.83	FMIHX
HRVIX	+ 0.81	EXEYX
WWNPX	+ 0.81	EXEYX
FMIHX	+ 0.76	EXEYX
WWNPX	+ 0.75	FMIHX

High negative correlations

WWNPX	- 0.66	TIVFX
HRVIX	- 0.39	TIVFX
TIVFX	- 0.36	EXEYX
TIVFX	- 0.11	FMIHX

Risk-Adjusted Indicators

There is a big difference between Tocqueville Mutual Fund performing well and Tocqueville Fund 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 Tocqueville Fund'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
EXEYX	0.50	0.08	(0.04)	0.74	0.56	(0.55)	1.03	(1.12)	3.99
FMIHX	0.57	(0.04)	(0.10)	0.07	0.54	(0.66)	1.40	(0.94)	3.23
TIVFX	0.57	(0.09)	0.00	(1.65)	0.00	0.00	0.95	(1.12)	3.60
HRVIX	0.82	0.12	0.00	1.16	0.73	(0.90)	1.63	(1.41)	7.46
WWNPX	1.56	0.65	0.30	0.67	1.39	(1.81)	3.90	(2.20)	16.52

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