Tglix Correlations

TGLIX Fund

USD 76.16 0.50 0.65%

The current 90-days correlation between Tglix and Vanguard Total Stock is -0.52 (i.e., Excellent diversification). The correlation of Tglix 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.

Tglix Correlation With Market

Very good diversification

The correlation between Tglix and DJI is -0.49 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tglix 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 Tglix. 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 gross domestic product.

Moving together with Tglix Mutual Fund

0.62	VGTSX	Vanguard Total Inter	Pair Corr
0.62	VTIAX	Vanguard Total Inter	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.64	IBM	International Business Earnings Call This Week	Pair Corr
0.61	DIS	Walt Disney	Pair Corr

Moving against Tglix Mutual Fund

0.45

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.98	0.98	VTSAX
VFIAX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	0.98	0.98	VFIAX
VTSMX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	0.98	0.98	VTSMX
VITSX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	0.98	0.98	VITSX
VSTSX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.98	0.98	VSTSX
VSMPX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	0.98	0.98	VSMPX
VFINX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	0.98	0.98	VFINX
VFFSX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.98	0.98	VFFSX
VGTSX	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98		1.0	VGTSX
VTIAX	0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.98	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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Risk-Adjusted Indicators

There is a big difference between Tglix Mutual Fund performing well and Tglix 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 Tglix'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
VTSAX	0.66	0.12	0.11	0.27	0.54	(0.76)	2.07	(1.17)	5.05
VFIAX	0.65	0.11	0.11	0.25	0.56	(0.75)	2.02	(1.11)	4.88
VTSMX	0.66	0.12	0.12	0.26	0.55	(0.75)	2.08	(1.17)	5.04
VITSX	0.66	0.12	0.11	0.26	0.55	(0.75)	2.07	(1.17)	5.05
VSTSX	0.66	0.12	0.12	0.26	0.55	(0.73)	2.08	(1.17)	5.04
VSMPX	0.66	0.12	0.12	0.26	0.55	(0.75)	2.08	(1.17)	5.04
VFINX	0.66	0.12	0.11	0.26	0.54	(0.77)	2.02	(1.11)	4.88
VFFSX	0.65	0.11	0.11	0.25	0.56	(0.72)	2.02	(1.11)	4.88
VGTSX	0.46	0.15	0.11	0.52	0.17	(0.52)	1.31	(0.84)	3.09
VTIAX	0.46	0.15	0.10	0.52	0.19	(0.52)	1.35	(0.86)	3.10

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