Toews Tactical Correlations

Mutual Funds . USA . 
Fund . Toews Tactical Monument
THLGX Fund  USD 14.27  0.09  0.63%   
The current 90-days correlation between Toews Tactical Monument and Mfs Technology Fund is 0.67 (i.e., Poor diversification). The correlation of Toews Tactical 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.

Toews Tactical Correlation With Market

Poor diversification

The correlation between Toews Tactical Monument and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toews Tactical Monument 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 Toews Tactical Monument. 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 Toews Mutual Fund

  0.97THHYX Toews Tactical IncomePairCorr
  0.93THIDX Toews Tactical OceanaPairCorr
  0.97THSMX Toews Tactical OpporPairCorr
  0.94TTDAX Toews Tactical DefensivePairCorr
  0.94TUIFX Toews UnconstrainedPairCorr
  0.94JHQCX Jpmorgan Hedged EquityPairCorr
  0.93JHEQX Jpmorgan Hedged EquityPairCorr
  0.93JHQAX Jpmorgan Hedged EquityPairCorr
  0.96GTENX Gateway Fund ClassPairCorr
  0.95GTECX Gateway Fund ClassPairCorr
  0.96GTEYX Gateway Fund ClassPairCorr
  0.96GATEX Gateway Fund ClassPairCorr
  0.97JHDCX Jpmorgan Hedged EquityPairCorr
  0.97JHDRX Jpmorgan Hedged EquityPairCorr
  0.98JHDAX Jpmorgan Hedged EquityPairCorr
  0.89FSMMX Fs Multi StrategyPairCorr
  0.87BTMPX Ishares Msci EafePairCorr
  0.89BTMKX Blackrock InternationalPairCorr
  0.89MDIIX Blackrock Intern IndexPairCorr
  0.65SPMPX Invesco Steelpath MlpPairCorr
  0.64MLPNX Oppenheimer Steelpath MlpPairCorr
  0.61MLPMX Oppenheimer Steelpath MlpPairCorr
  0.64SPMJX Invesco Steelpath MlpPairCorr
  0.82SREAX Prudential Select RealPairCorr
  0.95CMDQX Columbia ModeratePairCorr
  0.96ISGAX Voya Solution BalancedPairCorr
  0.96RWIEX Capital World GrowthPairCorr
  0.96JAAYX Jpmorgan SmartretirementPairCorr
  0.96QSMNX Aqr Small CapPairCorr
  0.95LIRIX Blackrock Lifepath IdxPairCorr
  0.89ALMAX Alger Smidcap FocusPairCorr
  0.96JSGCX John Hancock StrategicPairCorr
  0.96RBFTX American Funds 2035PairCorr
  0.89NSCFX Nuveen Nwq SmallPairCorr
  0.95TAARX Transamerica AssetPairCorr
  0.95VAFNX Invesco American FraPairCorr
  0.96GMWZX Mydestination 2025PairCorr
  0.95RNCOX Rivernorth E OpportunityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Toews Mutual Fund performing well and Toews Tactical 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 Toews Tactical'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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