Taiwan Closed Correlations

TWN Fund

USD 60.39 1.11 1.87%

The current 90-days correlation between Taiwan Closed and Liberty All Star is 0.25 (i.e., Modest 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

Very poor diversification

The correlation between Taiwan Closed and DJI is 0.88 (i.e., Very 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 child.

Moving together with Taiwan Fund

0.87	PDI	Pimco Dynamic Income	Pair Corr
0.78	CSIBX	Calvert Bond Portfolio	Pair Corr
0.72	PGUCX	Virtus Global Infras	Pair Corr
0.92	PBPNX	Pimco Realpath Blend	Pair Corr
0.93	FLRTX	Franklin Lifesmart 2030	Pair Corr
0.9	GIIGX	Gamco International	Pair Corr
0.82	FBNIX	Fidelity Short Term	Pair Corr
0.82	FKTQX	Franklin California Tax	Pair Corr
0.74	NRCRX	Neuberger Berman Core	Pair Corr
0.87	AREOX	One Choice 2055	Pair Corr
0.9	PMAPX	Midcap Sp 400	Pair Corr
0.81	SNPTX	Dws Equity Sector	Pair Corr
0.92	SWEGX	Schwab Markettrack All	Pair Corr
0.87	IASRX	Ivy Asset Strategy	Pair Corr
0.86	FNKIX	Frank Value Fund	Pair Corr
0.87	EVGRX	Evaluator Growth Rms	Pair Corr
0.91	KGGAX	Kopernik Global All	Pair Corr
0.84	FAFCX	Fidelity Advisor Fin	Pair Corr
0.92	RRTIX	T Rowe Price	Pair Corr
0.89	MHOVX	Mfs Global High	Pair Corr
0.92	0P000070L2	Rbc Money Market	Pair Corr
0.84	AISHX	Aristotle Funds Series	Pair Corr
0.9	TTRHX	Tiaa Cref Lifecycle	Pair Corr
0.89	CNSCX	Invesco Vertible Sec	Pair Corr
0.9	FASRX	K2 Alternative Strategies	Pair Corr
0.75	RSFMX	Victory Floating Rate	Pair Corr
0.96	MKVBX	Mfs International Large	Pair Corr
0.92	BDMKX	Blackrock Global Lon	Pair Corr
0.89	CUSOX	Columbia Ultra Short	Pair Corr
0.81	OCSGX	Optimum Small Mid	Pair Corr
0.94	RYCEX	Europe 125x Strategy	Pair Corr
0.94	TRGZX	T Rowe Price	Pair Corr

Moving against Taiwan Fund

0.89	UIPIX	Ultrashort Mid Cap Downward Rally	Pair Corr
0.83	CESGX	Coho Relative Value	Pair Corr
0.78	TCSUX	Cleartrack 2020 Class	Pair Corr
0.77	TCTGX	Transamerica Cleartrack	Pair Corr
0.77	TDKTX	Cleartrack 2015 Class	Pair Corr
0.77	TCTJX	Transamerica Cleartrack	Pair Corr
0.38	USPSX	Profunds Ultrashort	Pair Corr
0.36	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	FOF	ASG	HAMVX	BIGFX	CSSZX	EDD	GSXIX	TDF
FOF		0.37	0.85	0.83	0.79	0.91	0.7	0.77	FOF
ASG	0.37		0.48	0.69	0.46	0.4	0.53	0.63	ASG
HAMVX	0.85	0.48		0.79	0.97	0.95	0.92	0.72	HAMVX
BIGFX	0.83	0.69	0.79		0.73	0.79	0.61	0.93	BIGFX
CSSZX	0.79	0.46	0.97	0.73		0.92	0.91	0.66	CSSZX
EDD	0.91	0.4	0.95	0.79	0.92		0.85	0.72	EDD
GSXIX	0.7	0.53	0.92	0.61	0.91	0.85		0.52	GSXIX
TDF	0.77	0.63	0.72	0.93	0.66	0.72	0.52		TDF
	FOF	ASG	HAMVX	BIGFX	CSSZX	EDD	GSXIX	TDF

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	0.67	0.14	0.10	0.48	0.67	(0.72)	1.34	(1.30)	6.22
ASG	0.76	(0.11)	0.00	(0.06)	0.00	0.00	1.72	(1.69)	3.91
HAMVX	0.69	0.13	0.16	0.23	0.44	(0.79)	2.15	(1.11)	3.50
BIGFX	0.65	(0.02)	(0.04)	0.06	0.75	(0.69)	1.21	(1.38)	3.10
CSSZX	0.93	0.29	0.30	0.41	0.51	(1.16)	2.19	(1.45)	9.81
EDD	0.57	0.19	0.16	0.82	0.42	(0.69)	1.46	(1.08)	3.29
GSXIX	0.88	0.06	0.07	0.13	0.79	(1.05)	2.18	(1.69)	4.58
TDF	0.77	0.03	(0.01)	0.12	0.78	(0.93)	1.56	(1.40)	5.71

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