Towpath Focus Correlations

TOWFX Fund

USD 19.52 0.06 0.31%

The current 90-days correlation between Towpath Focus and Tiaa Cref Large Cap Value is 0.12 (i.e., Average diversification). The correlation of Towpath Focus 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.

Towpath Focus Correlation With Market

Modest diversification

The correlation between Towpath Focus and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Towpath Focus 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 Towpath Focus. 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 Towpath Mutual Fund

0.67	TOWTX	Towpath Technology	Pair Corr
0.83	VVIAX	Vanguard Value Index	Pair Corr
0.71	AWSHX	Washington Mutual	Pair Corr
0.7	WSHCX	Washington Mutual	Pair Corr
0.77	WSHFX	Washington Mutual	Pair Corr
0.64	DODGX	Dodge Stock Fund	Pair Corr
0.68	AMFFX	American Mutual	Pair Corr
0.68	AMFCX	American Mutual	Pair Corr
0.64	PNYPX	Pimco New York	Pair Corr
0.76	GMSWX	Goldman Sachs Managed	Pair Corr
0.91	PANDX	Pimco Short Asset	Pair Corr
0.83	BXHCX	Barings High Yield	Pair Corr
0.94	JNGLX	Janus Global Life	Pair Corr
0.73	NNY	Nuveen New York	Pair Corr
0.9	TIHPX	Tiaa-cref High-yield	Pair Corr
0.94	JFNIX	Janus Global Life	Pair Corr
0.91	EMLBX	Mfs Emerging Markets	Pair Corr
0.78	GQLIX	Gmo Quality Fund	Pair Corr
0.67	VHIAX	Jpmorgan Growth Advantage	Pair Corr
0.88	MDLMX	Blackrock S Term	Pair Corr

Moving against Towpath Mutual Fund

0.83	TCTGX	Transamerica Cleartrack	Pair Corr
0.83	TCTJX	Transamerica Cleartrack	Pair Corr
0.82	TDKTX	Cleartrack 2015 Class	Pair Corr
0.8	TCSUX	Cleartrack 2020 Class	Pair Corr
0.45	USPSX	Profunds Ultrashort	Pair Corr
0.37	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.72	UIPIX	Ultrashort Mid Cap	Pair Corr
0.7	CESGX	Coho Relative Value	Pair Corr
0.43	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	TRCPX	CBLSX	ALCEX	OCLVX	AMFFX	TAGRX
TRCPX		0.95	0.94	0.98	0.93	0.87	TRCPX
CBLSX	0.95		0.89	0.93	0.98	0.9	CBLSX
ALCEX	0.94	0.89		0.95	0.87	0.83	ALCEX
OCLVX	0.98	0.93	0.95		0.9	0.84	OCLVX
AMFFX	0.93	0.98	0.87	0.9		0.93	AMFFX
TAGRX	0.87	0.9	0.83	0.84	0.93		TAGRX
	TRCPX	CBLSX	ALCEX	OCLVX	AMFFX	TAGRX

Risk-Adjusted Indicators

There is a big difference between Towpath Mutual Fund performing well and Towpath Focus 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 Towpath Focus' 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
TRCPX	0.64	0.19	0.25	0.38	0.07	(0.82)	1.36	(1.06)	8.07
CBLSX	0.79	0.24	0.24	0.49	0.26	(1.03)	1.41	(1.00)	14.02
ALCEX	0.68	0.12	0.14	0.23	0.50	(0.80)	1.62	(1.08)	3.48
OCLVX	0.65	0.12	0.19	0.23	0.19	(0.86)	1.11	(0.97)	10.13
AMFFX	0.58	0.14	0.04	(4.27)	0.53	(0.64)	0.87	(1.03)	6.50
TAGRX	0.85	0.24	0.17	1.05	0.54	(0.99)	1.48	(1.03)	14.80

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

2026 Macroaxis LLC