Tcw Total Correlations

Mutual Funds USA . 
Fund . Tcw Total Return
TGLMX Fund  USD 7.72  0.01  0.13%   
The current 90-days correlation between Tcw Total Return and Tcw Relative Value is 0.15 (i.e., Average diversification). The correlation of Tcw Total 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.

Tcw Total Correlation With Market

Modest diversification

The correlation between Tcw Total Return and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Total Return 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 Tcw Total Return. 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 population.

Moving together with Tcw Mutual Fund

  0.69TGDIX Tcw Relative ValuePairCorr
  0.69TGDVX Tcw Relative ValuePairCorr
  0.88TGCFX Tcw E FixedPairCorr
  0.97TGCPX Tcw Core FixedPairCorr
  0.98TGFNX Tcw E FixedPairCorr
  0.94TGGBX Tcw Global BondPairCorr
  0.78TGEIX Tcw Emerging MarketsPairCorr
  0.77TGEPX Tcw FundsPairCorr
  0.94TGGFX Tcw Global BondPairCorr
  0.77TGINX Tcw Emerging MarketsPairCorr
  1.0TGLSX Tcw Total ReturnPairCorr
  1.0TGMNX Tcw Total ReturnPairCorr
  0.8TGPCX Tcw Servative AllocationPairCorr
  0.73TGREX Tcw Global RealPairCorr
  0.73TGRYX Tcw Global RealPairCorr
  0.78TGWIX Tcw Emerging MarketsPairCorr
  0.78TGWNX Tcw Emerging MarketsPairCorr
  0.63TGVNX Tcw Relative ValuePairCorr
  0.63TGVOX Tcw Relative ValuePairCorr
  0.99MWTNX Metropolitan West TotalPairCorr
  0.99MWTSX Metropolitan West TotalPairCorr
  0.99PTTPX Pimco Total ReturnPairCorr
  0.99PTRRX Total ReturnPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.99PTTRX Total ReturnPairCorr
  0.99FIWGX Strategic AdvisersPairCorr
  0.99DODIX Dodge IncomePairCorr
  0.99MWTIX Metropolitan West TotalPairCorr
  0.99MWTRX Metropolitan West TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tcw Mutual Fund performing well and Tcw Total 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 Tcw Total'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TGDIX  0.62  0.11  0.10  0.26  0.50 
(0.67)
 1.82 
(1.43)
 4.99 
TGDVX  0.61  0.11  0.10  0.26  0.50 
(0.67)
 1.76 
(1.44)
 5.02 
TGCEX  0.84  0.15  0.14  0.28  0.74 
(0.96)
 2.42 
(1.35)
 5.41 
TGCNX  0.83  0.15  0.14  0.28  0.75 
(0.96)
 2.41 
(1.36)
 5.40 
TGCFX  0.26  0.01 (0.34) 1.12  0.27 
(0.30)
 0.42 
(0.63)
 1.37 
TGCPX  0.27  0.00 (0.31) 0.17  0.29 
(0.32)
 0.52 
(0.62)
 1.67 
TGFNX  0.27  0.00 (0.31) 0.15  0.29 
(0.31)
 0.53 
(0.63)
 1.37 
TGGBX  0.27  0.02 (0.27)(3.20) 0.32 
(0.29)
 0.59 
(0.59)
 1.55 
TGEIX  0.19  0.07 (0.22) 0.77  0.00 
(0.30)
 0.61 
(0.31)
 0.95 
TGEPX  0.20  0.07 (0.15) 0.64  0.00 
(0.29)
 0.47 
(0.32)
 1.25 

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