Thompson Largecap Correlations

Mutual Funds . USA . 
Fund . Thompson Largecap Fund
THPGX Fund  USD 108.94  0.16  0.15%   
The current 90-days correlation between Thompson Largecap and Clipper Fund Inc is 0.96 (i.e., Almost no diversification). The correlation of Thompson Largecap 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.

Thompson Largecap Correlation With Market

Almost no diversification

The correlation between Thompson Largecap Fund and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thompson Largecap Fund 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 Thompson Largecap Fund. 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 Thompson Mutual Fund

  0.99THPMX Thompson MidcapPairCorr
  0.92THOPX Thompson BondPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  1.0AFMFX American MutualPairCorr
  1.0FFMMX American Funds AmericanPairCorr
  1.0FFFMX American Funds AmericanPairCorr
  0.99AMRMX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  1.0AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.8GAAKX Gmo Alternative AlloPairCorr
  0.79GAAGX Gmo Alternative AlloPairCorr
  0.69GPBFX Gmo E PlusPairCorr
  0.74ADVYX Diversified BondPairCorr
  0.98AFLIX Anfield Universal FixedPairCorr
  0.99ASLAX Ab Select LongshortPairCorr
  0.98DFFVX Us Targeted ValuePairCorr
  0.72EICTX Eaton Vance ConnecticutPairCorr
  0.85RMBNX Rmb Mendon FinancialPairCorr
  0.72FREEX Franklin Real EstatePairCorr
  0.97ARZMX Amg River RoadPairCorr
  0.98BOPCX Sterling Capital SpecialPairCorr
  0.99SWNRX Schwab Target 2050PairCorr
  0.97SEMCX Simt Mid CapPairCorr
  0.99VQNPX Vanguard Growth AndPairCorr
  0.99ACIHX American Century GrowthPairCorr
  0.99MRMLX Massmutual RetiresmartPairCorr
  0.98SSCVX Columbia Select SmallerPairCorr
  0.99JIIOX Lifestyle Ii AggressivePairCorr
  0.98APDMX Artisan Mid CapPairCorr
  0.62URGSX Government SecuritiesPairCorr
  0.69PRTXX T Rowe PricePairCorr

Moving against Thompson Mutual Fund

  0.42GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Thompson Mutual Fund performing well and Thompson Largecap 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 Thompson Largecap'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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