Trillium Small/mid Correlations

TSMDX Fund

USD 17.15 0.03 0.18%

The current 90-days correlation between Trillium Smallmid Cap and Portfolio 21 Global is 0.04 (i.e., Significant diversification). The correlation of Trillium Small/mid 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.

Trillium Small/mid Correlation With Market

Very poor diversification

The correlation between Trillium Smallmid Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trillium Smallmid Cap 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 Trillium Smallmid Cap. 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 unemployment.

Moving together with Trillium Mutual Fund

0.97	VIMAX	Vanguard Mid Cap	Pair Corr
0.97	VIMSX	Vanguard Mid Cap	Pair Corr
0.97	VMCPX	Vanguard Mid Cap	Pair Corr
0.97	VMCIX	Vanguard Mid Cap	Pair Corr
0.96	VEXAX	Vanguard Extended Market	Pair Corr
0.98	VEMPX	Vanguard Extended Market	Pair Corr
0.96	VIEIX	Vanguard Extended Market	Pair Corr
0.98	VSEMX	Vanguard Extended Market	Pair Corr
0.98	VEXMX	Vanguard Extended Market	Pair Corr
0.96	FSMAX	Fidelity Extended Market	Pair Corr
0.94	KSOCX	Kinetics Small Cap	Pair Corr
0.94	KSCYX	Kinetics Small Cap	Pair Corr
0.94	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.94	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.92	KINAX	Kinetics Internet	Pair Corr
0.94	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.94	KSCOX	Kinetics Small Cap	Pair Corr
0.94	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.92	KINCX	Kinetics Internet	Pair Corr
0.94	PRMTX	T Rowe Price	Pair Corr
0.68	MDLOX	Blackrock Gbl Alloc	Pair Corr
0.96	AMGOX	Alger Mid Cap	Pair Corr
0.78	PCF	Putnam High Income	Pair Corr
0.95	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.97	LGWIX	Ladenburg Growth	Pair Corr
0.96	PRCCX	Putnam Convertible Incm	Pair Corr
0.93	VIGAX	Vanguard Growth Index	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.94	WWLAX	Westwood Largecap Value	Pair Corr
0.98	PRDSX	T Rowe Price	Pair Corr
0.93	FBALX	Fidelity Balanced	Pair Corr

Related Correlations Analysis

	PORIX	PORTX	TSMDX	FIKAX	FMSGX	TAIAX	MUTHX	VASGX	VFIAX	NBGIX
PORIX		0.83	0.13	0.16	0.65	0.65	0.09	0.55	0.31	0.18	PORIX
PORTX	0.83		0.2	0.11	0.75	0.75	0.16	0.67	0.25	0.26	PORTX
TSMDX	0.13	0.2		0.61	0.49	0.6	0.97	0.78	0.91	0.98	TSMDX
FIKAX	0.16	0.11	0.61		0.15	0.49	0.65	0.57	0.67	0.69	FIKAX
FMSGX	0.65	0.75	0.49	0.15		0.85	0.4	0.84	0.58	0.48	FMSGX
TAIAX	0.65	0.75	0.6	0.49	0.85		0.58	0.95	0.68	0.65	TAIAX
MUTHX	0.09	0.16	0.97	0.65	0.4	0.58		0.75	0.89	0.98	MUTHX
VASGX	0.55	0.67	0.78	0.57	0.84	0.95	0.75		0.81	0.82	VASGX
VFIAX	0.31	0.25	0.91	0.67	0.58	0.68	0.89	0.81		0.9	VFIAX
NBGIX	0.18	0.26	0.98	0.69	0.48	0.65	0.98	0.82	0.9		NBGIX
	PORIX	PORTX	TSMDX	FIKAX	FMSGX	TAIAX	MUTHX	VASGX	VFIAX	NBGIX

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Risk-Adjusted Indicators

There is a big difference between Trillium Mutual Fund performing well and Trillium Small/mid 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 Trillium Small/mid'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
PORIX	0.47	(0.02)	0.00	(2.09)	0.00	0.00	0.93	(1.15)	2.88
PORTX	0.47	(0.07)	(0.19)	0.00	0.64	(0.48)	0.93	(1.16)	2.91
TSMDX	0.65	0.00	0.00	0.13	0.63	(0.73)	1.58	(1.19)	4.44
FIKAX	0.95	0.02	(0.07)	0.63	1.35	(0.90)	2.07	(2.13)	5.82
FMSGX	0.44	(0.01)	(0.15)	0.10	0.52	(0.47)	0.86	(1.00)	2.45
TAIAX	0.25	(0.01)	(0.27)	0.09	0.27	(0.26)	0.50	(0.61)	1.28
MUTHX	0.51	(0.01)	(0.05)	0.12	0.38	(0.58)	0.98	(0.89)	4.02
VASGX	0.43	(0.02)	(0.13)	0.09	0.52	(0.44)	0.94	(0.81)	2.61
VFIAX	0.55	0.10	(0.04)	(4.14)	0.66	(0.56)	1.17	(1.31)	3.84
NBGIX	0.83	(0.03)	0.02	0.11	0.89	(0.86)	1.80	(1.28)	6.46

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Trillium Small/mid Correlations

Trillium Small/mid Correlation With Market

Very poor diversification

Moving together with Trillium Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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