Thompson Midcap Correlations

Mutual Funds . USA . 
Fund . Thompson Midcap Fund
THPMX Fund  USD 14.41  0.16  1.12%   
The current 90-days correlation between Thompson Midcap and Thompson Largecap Fund is 0.18 (i.e., Average diversification). The correlation of Thompson Midcap 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 Midcap Correlation With Market

Good diversification

The correlation between Thompson Midcap Fund and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thompson Midcap 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 Midcap 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 population.

Moving together with Thompson Mutual Fund

  0.7THPGX Thompson LargecapPairCorr
  0.98VIMAX Vanguard Mid CapPairCorr
  0.98VIMSX Vanguard Mid CapPairCorr
  0.7VMCPX Vanguard Mid CapPairCorr
  0.98VMCIX Vanguard Mid CapPairCorr
  0.98VEXAX Vanguard Extended MarketPairCorr
  0.98VEMPX Vanguard Extended MarketPairCorr
  0.98VIEIX Vanguard Extended MarketPairCorr
  0.66VSEMX Vanguard Extended MarketPairCorr
  0.98VEXMX Vanguard Extended MarketPairCorr
  0.98FSMAX Fidelity Extended MarketPairCorr
  0.95SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.95SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.67OSPPX Oppenheimer Steelpath MlpPairCorr
  0.67MLPNX Oppenheimer Steelpath MlpPairCorr
  0.66MLPLX Oppenheimer Steelpath MlpPairCorr
  0.84EMO Clearbridge Energy MlpPairCorr
  0.96RSNYX Victory Global NaturalPairCorr
  0.96RSNRX Victory Global NaturalPairCorr
  0.66SPMPX Invesco Steelpath MlpPairCorr
  0.65MLPMX Oppenheimer Steelpath MlpPairCorr
  0.71CGQYX Columbia DisciplinedPairCorr
  0.71APHKX Artisan InternationalPairCorr
  0.73NWJCX Nationwide Ziegler NysePairCorr
  0.97LTAFX Altst Strgs FdPairCorr
  0.97JDBRX Janus BalancedPairCorr
  0.91JENRX Jensen PortfolioPairCorr
  0.94CIPMX Champlain Mid CapPairCorr
  0.94NCITX Northern CaliforniaPairCorr
  0.97RTSCX Tax Managed MidPairCorr
  0.97PRZIX T Rowe PricePairCorr
  0.96RLBFX American BalancedPairCorr
  0.75SALXX State Street MasterPairCorr
  0.7FFEFX Nuveen Dividend ValuePairCorr
  0.99ARBIX Absolute ConvertiblePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY