Toews Tactical Correlations

TTDAX Fund

USD 10.17 0.01 0.1%

The current 90-days correlation between Toews Tactical Defensive and Toews Tactical Income is 0.48 (i.e., Very weak 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

Very poor diversification

The correlation between Toews Tactical Defensive 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 Toews Tactical Defensive 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 Defensive. 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 nation.

Moving together with Toews Mutual Fund

0.94	THHYX	Toews Tactical Income	Pair Corr
0.91	THIDX	Toews Tactical Oceana	Pair Corr
0.95	THSMX	Toews Tactical Oppor	Pair Corr
0.93	TUIFX	Toews Unconstrained	Pair Corr
0.94	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.94	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.96	GTENX	Gateway Fund Class	Pair Corr
0.96	GTECX	Gateway Fund Class	Pair Corr
0.96	GTEYX	Gateway Fund Class	Pair Corr
0.96	GATEX	Gateway Fund Class	Pair Corr
0.96	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.96	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.96	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.62	RYMEX	Commodities Strategy	Pair Corr
0.62	RYMJX	Commodities Strategy	Pair Corr
0.63	RYMBX	Commodities Strategy	Pair Corr
0.89	BRUFX	Bruce Fund Bruce	Pair Corr
0.96	SPGSX	State Street Premier	Pair Corr
0.92	KF	Korea Closed	Pair Corr
0.95	CNPCX	New Perspective	Pair Corr
0.96	USDIX	Ubs Ultra Short	Pair Corr
0.97	MCYIX	Mainstay Candriam	Pair Corr
0.91	FMFIX	Free Market Fixed	Pair Corr
0.74	IFBFX	Intermediate Bond	Pair Corr
0.97	BSPSX	Blackrock Sp 500	Pair Corr
0.86	PUDCX	Prudential Real Assets	Pair Corr
0.97	VLSMX	Valic Company I	Pair Corr
0.94	PYSIX	Payden Strategic Income	Pair Corr
0.96	FSDIX	Fidelity Strategic	Pair Corr
0.83	PRTCX	Real Return Fund	Pair Corr
0.97	TBLPX	T Rowe Price	Pair Corr
0.73	OWFIX	Old Westbury Fixed	Pair Corr
0.94	AMTOX	Ab All Market	Pair Corr
0.97	WLCAX	Wells Fargo Large	Pair Corr
0.98	DOPIX	Dreyfus Opportunistic	Pair Corr
0.92	KNGLX	Cboe Vest Sp	Pair Corr
0.95	SENYX	Stet New York	Pair Corr

Related Correlations Analysis

	THHYX	THIDX	THLGX	THSMX	TTDAX	TUIFX
THHYX		0.87	0.0	0.94	0.94	0.99	THHYX
THIDX	0.87		0.0	0.86	0.91	0.86	THIDX
THLGX	0.0	0.0		0.0	0.0	0.0	THLGX
THSMX	0.94	0.86	0.0		0.95	0.92	THSMX
TTDAX	0.94	0.91	0.0	0.95		0.93	TTDAX
TUIFX	0.99	0.86	0.0	0.92	0.93		TUIFX
	THHYX	THIDX	THLGX	THSMX	TTDAX	TUIFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TUIFX	+ 0.99	THHYX
TTDAX	+ 0.95	THSMX
THSMX	+ 0.94	THHYX
TTDAX	+ 0.94	THHYX
TUIFX	+ 0.93	TTDAX
TUIFX	+ 0.92	THSMX

High negative correlations

TUIFX	- 0.0	THLGX
TTDAX	- 0.0	THLGX
THSMX	- 0.0	THLGX
THLGX	- 0.0	THIDX
THLGX	- 0.0	THHYX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
THHYX	0.14	0.02	(0.38)	0.28	0.00	(0.20)	0.30	(0.30)	1.43
THIDX	0.49	0.12	0.06	0.44	0.34	(0.56)	1.18	(0.95)	3.09
THLGX	0.50	0.18	0.06	(2.97)	0.20	(0.64)	1.04	(0.79)	4.95
THSMX	0.67	0.04	0.01	0.19	0.66	(0.88)	1.45	(1.31)	6.16
TTDAX	0.30	0.05	(0.06)	0.25	0.16	(0.36)	0.72	(0.71)	2.21
TUIFX	0.12	0.01	(0.51)	0.20	0.00	(0.16)	0.22	(0.22)	0.99

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