Taiwan Closed Correlations

TWN Fund

USD 63.48 0.76 1.21%

The current 90-days correlation between Taiwan Closed and Liberty All Star is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Taiwan Closed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taiwan Closed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Taiwan Closed Correlation With Market

Poor diversification

The correlation between Taiwan Closed and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taiwan Closed 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 Taiwan Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Taiwan Fund

0.77	FWMMX	American Funds Washington	Pair Corr
0.77	FWWMX	American Funds Washington	Pair Corr
0.95	FKIQX	Franklin Income	Pair Corr
0.84	FFMMX	American Funds American	Pair Corr
0.84	FFFMX	American Funds American	Pair Corr
0.94	TFILX	T Rowe Price	Pair Corr
0.87	CRFIX	Calvert Fund	Pair Corr
0.62	RICHX	Investment Of America	Pair Corr
0.93	MBAPX	Praxis Genesis Balanced	Pair Corr
0.7	ISGAX	Voya Solution Balanced	Pair Corr
0.74	WASAX	Ivy Asset Strategy	Pair Corr
0.9	FCNSX	Fidelity Series Canada	Pair Corr
0.93	PREQX	Ubs Pace Global	Pair Corr
0.94	AEDMX	Emerging Markets	Pair Corr
0.82	CXXRX	Columbia Small Cap	Pair Corr
0.96	RSDTX	Short Duration Bond	Pair Corr
0.92	PURAX	Prudential Global Real	Pair Corr
0.94	FAFPX	Nuveen Missouri Municipal	Pair Corr
0.9	FFNOX	Fidelity Four-in-one	Pair Corr
0.91	NBCRX	American Funds Retirement	Pair Corr
0.91	HLRRX	Rems Real Estate	Pair Corr
0.87	UJPIX	Ultrajapan Profund	Pair Corr
0.94	FSTZX	Fidelity Series 0	Pair Corr
0.73	GAPUX	Goldman Sachs Equity	Pair Corr
0.87	LIGRX	Loomis Sayles Investment	Pair Corr
0.93	DAIOX	Dunham International	Pair Corr
0.75	CUTYX	Columbia Treasury Index	Pair Corr
0.92	RYJTX	Japan 2x Strategy	Pair Corr
0.79	TITRX	Tiaa Cref Managed	Pair Corr
0.78	SZCIX	Deutsche Small Cap	Pair Corr
0.87	TEQAX	Touchstone Sustainability	Pair Corr

Moving against Taiwan Fund

0.63

WCMJX

Wcm Focused Small

Pair Corr

Related Correlations Analysis

	FOF	ASG	HAMVX	BIGFX	CSSZX	EDD	GSXIX	TDF
FOF		-0.16	0.91	0.87	0.86	0.93	0.81	0.7	FOF
ASG	-0.16		-0.16	0.07	-0.22	-0.2	-0.19	0.41	ASG
HAMVX	0.91	-0.16		0.91	0.97	0.95	0.93	0.66	HAMVX
BIGFX	0.87	0.07	0.91		0.85	0.9	0.81	0.75	BIGFX
CSSZX	0.86	-0.22	0.97	0.85		0.9	0.9	0.6	CSSZX
EDD	0.93	-0.2	0.95	0.9	0.9		0.88	0.67	EDD
GSXIX	0.81	-0.19	0.93	0.81	0.9	0.88		0.45	GSXIX
TDF	0.7	0.41	0.66	0.75	0.6	0.67	0.45		TDF
	FOF	ASG	HAMVX	BIGFX	CSSZX	EDD	GSXIX	TDF

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

CSSZX	+ 0.97	HAMVX
EDD	+ 0.95	HAMVX
EDD	+ 0.93	FOF
GSXIX	+ 0.93	HAMVX
HAMVX	+ 0.91	FOF
BIGFX	+ 0.91	HAMVX

High negative correlations

CSSZX	- 0.22	ASG
EDD	- 0.2	ASG
GSXIX	- 0.19	ASG
HAMVX	- 0.16	ASG
ASG	- 0.16	FOF

Risk-Adjusted Indicators

There is a big difference between Taiwan Fund performing well and Taiwan Closed 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 Taiwan Closed'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
FOF	0.69	0.14	0.12	0.52	0.73	(0.74)	1.59	(1.31)	6.26
ASG	0.69	(0.06)	0.00	(0.05)	0.00	0.00	1.57	(1.36)	4.11
HAMVX	0.63	0.10	0.12	0.14	0.53	(0.71)	1.35	(1.14)	3.97
BIGFX	0.65	0.04	0.03	0.08	0.92	(0.69)	1.32	(1.41)	6.48
CSSZX	0.84	0.27	0.30	0.37	0.48	(1.03)	1.85	(1.45)	9.81
EDD	0.65	0.09	0.06	0.36	0.89	(0.73)	1.46	(1.37)	5.61
GSXIX	0.78	0.03	0.04	0.07	0.87	(0.85)	1.56	(1.64)	4.59
TDF	0.73	0.02	0.01	0.07	0.81	(0.88)	1.54	(1.40)	5.83

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