Tfa Alphagen Correlations

Mutual Funds . USA . 
Fund . Tfa Alphagen Growth
TFAGX Fund  USD 11.86  0.02  0.17%   
The current 90-days correlation between Tfa Alphagen Growth and Blackrock Conservative Prprdptfinstttnl is 0.74 (i.e., Poor diversification). The correlation of Tfa Alphagen 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.

Tfa Alphagen Correlation With Market

Very poor diversification

The correlation between Tfa Alphagen Growth 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 Tfa Alphagen Growth 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 Tfa Alphagen Growth. 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 Tfa Mutual Fund

  0.66TFAFX Tactical Growth AlloPairCorr
  1.0TFAQX Tfa QuantitativePairCorr
  0.68TFAZX Tfa Tactical IncomePairCorr
  0.68CGRGX American Funds GrowthPairCorr
  0.68FGPGX American Funds GrowthPairCorr
  0.69MUTHX Franklin Mutual SharesPairCorr
  0.69TESRX Franklin Mutual SharesPairCorr
  0.77GWPCX American Funds GrowthPairCorr
  0.77GWPFX American Funds GrowthPairCorr
  0.68GWPAX American Funds GrowthPairCorr
  0.68CGQGX American Funds GrowthPairCorr
  0.68FTYPX Fidelity Freedom IndexPairCorr
  0.68FFBTX Fidelity Freedom BlendPairCorr
  0.67GCAVX Gmo Small CapPairCorr
  0.79GQLOX Gmo Quality FundPairCorr
  0.98GHVIX Gmo High YieldPairCorr
  1.0GMCQX Gmo Equity AllocationPairCorr
  0.68LEKKX Blackrock Lifepath EsgPairCorr
  0.77PRVDX Versatile Bond PortfolioPairCorr
  0.67SWCGX Schwab MarkettrackPairCorr
  0.97SMGAX Saat Servative StrategyPairCorr
  0.95VWINX Vanguard Wellesley IncomePairCorr
  0.97SMHYX Aim Counselor SeriesPairCorr
  1.0FBKFX Fidelity BalancedPairCorr
  1.0FLMFX Muirfield Fund RetailPairCorr
  0.64MHYIX Mainstay High YieldPairCorr
  0.98GEMZX Emerging Markets EquityPairCorr
  0.98MIFIX Miller Intermediate BondPairCorr
  0.99FSELX Fidelity Select SemiPairCorr
  0.67ISGAX Voya Solution BalancedPairCorr
  0.77FIFRX Franklin GrowthPairCorr
  0.96AOFAX Alger Small CapPairCorr
  0.96TEDTX Tiaa Cref EmergingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tfa Mutual Fund performing well and Tfa Alphagen 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 Tfa Alphagen'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.

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