Thomas White Correlations

Mutual Funds . USA . 
Fund . Thomas White Emerging
TWEMX Fund  USD 11.63  0.02  0.17%   
The current 90-days correlation between Thomas White Emerging and Tax Managed Large Cap is 0.65 (i.e., Poor diversification). The correlation of Thomas White 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.

Thomas White Correlation With Market

Very weak diversification

The correlation between Thomas White Emerging and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thomas White Emerging 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 Thomas White Emerging. 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 Thomas Mutual Fund

  1.0VEMAX Vanguard Emerging MarketsPairCorr
  1.0VEIEX Vanguard Emerging MarketsPairCorr
  1.0VEMIX Vanguard Emerging MarketsPairCorr
  1.0VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.99NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  0.99ODVYX Oppenheimer DevelopingPairCorr
  0.82LIIAX Columbia Porate IncomePairCorr
  0.82SRINX Columbia Porate IncomePairCorr
  0.94WRHIX Ivy High IncomePairCorr
  0.94WHIAX Ivy High IncomePairCorr
  0.94IHIFX Ivy High IncomePairCorr
  0.94IVHIX Ivy High IncomePairCorr
  0.99FAWTX American Funds 2060PairCorr
  0.99FFTYX Ab Flexfee ThematicPairCorr
  0.97RTISX Select InternationalPairCorr
  0.98AOBLX Pioneer Classic BalancedPairCorr
  0.93AVGYX Dynamic Total ReturnPairCorr
  0.95VSOIX Victory Sycamore SmallPairCorr
  0.96QASOX Q3 All SeasonPairCorr
  0.98GGFRX Nationwide GrowthPairCorr
  0.98RSEGX Victory Rs SmallPairCorr
  0.92ERSGX Eaton Vance SmallPairCorr
  0.97BRBCX Blackrock TacticalPairCorr
  0.96HLMIX Harding Loevner IntePairCorr
  0.98QSMNX Aqr Small CapPairCorr
  0.97AFRAX Invesco Floating RatePairCorr
  0.85SETMX Columbia Amt FreePairCorr
  0.98GCFSX Gabelli Global FinancialPairCorr
  0.99MLRMX Mainstay Winslow LargePairCorr
  0.97HCMKX Hcm Income PlusPairCorr
  0.84RMBKX Rmb Mendon FinancialPairCorr
  0.85RSDTX Short Duration BondPairCorr
  0.97VTMSX Vanguard Tax ManagedPairCorr
  0.99CDWCX American Funds DevelopingPairCorr
  0.94ICFAX Icon FinancialPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Thomas Mutual Fund performing well and Thomas White 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 Thomas White'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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