Tcw Relative Correlations

Mutual Funds . USA . 
Fund . Tcw Relative Value
TGVNX Fund  USD 28.83  0.07  0.24%   
The current 90-days correlation between Tcw Relative Value and Tcw Relative Value is 0.94 (i.e., Almost no diversification). The correlation of Tcw Relative 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 Relative Correlation With Market

Very poor diversification

The correlation between Tcw Relative Value and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Relative Value 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 Relative Value. 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 board of governors.

Moving together with Tcw Mutual Fund

  0.99TGDIX Tcw Relative ValuePairCorr
  0.99TGDVX Tcw Relative ValuePairCorr
  0.98TGCEX Tcw Select EquitiesPairCorr
  0.98TGCNX Tcw Select EquitiesPairCorr
  0.95TGEIX Tcw Emerging MarketsPairCorr
  0.95TGEPX Tcw FundsPairCorr
  0.96TGINX Tcw Emerging MarketsPairCorr
  0.63TGLSX Tcw Total ReturnPairCorr
  0.63TGLMX Tcw Total ReturnPairCorr
  0.96TGPCX Tcw Servative AllocationPairCorr
  0.96TGPNX Tcw Servative AllocationPairCorr
  0.93TGREX Tcw Global RealPairCorr
  0.93TGRYX Tcw Global RealPairCorr
  0.91TGWIX Tcw Emerging MarketsPairCorr
  0.91TGWNX Tcw Emerging MarketsPairCorr
  1.0TGVOX Tcw Relative ValuePairCorr
  0.99VMVAX Vanguard Mid CapPairCorr
  1.0JVMAX John Hancock DisciplinedPairCorr
  1.0JVMIX John Hancock DisciplinedPairCorr
  0.99VMVIX Vanguard Mid CapPairCorr
  0.98JMVZX Jpmorgan Mid CapPairCorr
  0.98JMVRX Jpmorgan Mid CapPairCorr
  0.98JMVQX Jpmorgan Mid CapPairCorr
  0.98JMVYX Jpmorgan Mid CapPairCorr
  0.98JMVPX Jpmorgan Mid CapPairCorr
  0.98VETAX Victory Sycamore EstPairCorr
  0.95CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr

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 Relative 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 Relative'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  0.00 (0.34) 0.14  0.27 
(0.29)
 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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