Texton Property Correlations

VUVAF Fund

USD 0.14 0.00 0.00%

The current 90-days correlation between Texton Property and Transamerica Emerging Markets is 0.13 (i.e., Average diversification). The correlation of Texton Property 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.

Texton Property Correlation With Market

Average diversification

The correlation between Texton Property and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Texton Property 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 Texton Property. Also, note that the market value of any otc fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Texton OTC Fund

0.62	VFIAX	Vanguard 500 Index	Pair Corr
0.62	VFINX	Vanguard 500 Index	Pair Corr
0.65	VFFSX	Vanguard 500 Index	Pair Corr
0.79	AXP	American Express Sell-off Trend	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.72	BAC	Bank of America	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.67	MRK	Merck Company Aggressive Push	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr
0.86	DD	Dupont De Nemours	Pair Corr

Moving against Texton OTC Fund

0.56	DIS	Walt Disney	Pair Corr
0.5	CSJZX	Cohen Steers Realty	Pair Corr
0.48	CSRSX	Cohen Steers Realty	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.55	MSFT	Microsoft	Pair Corr
0.4	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	TEOJX	EMILX	FEMDX	GMAQX	IGIEX	ANGCX	RYAHX
TEOJX		0.68	-0.04	0.51	0.06	0.02	0.49	TEOJX
EMILX	0.68		0.44	0.85	0.55	0.55	0.15	EMILX
FEMDX	-0.04	0.44		0.72	0.94	0.89	0.22	FEMDX
GMAQX	0.51	0.85	0.72		0.79	0.76	0.3	GMAQX
IGIEX	0.06	0.55	0.94	0.79		0.92	0.1	IGIEX
ANGCX	0.02	0.55	0.89	0.76	0.92		0.06	ANGCX
RYAHX	0.49	0.15	0.22	0.3	0.1	0.06		RYAHX
	TEOJX	EMILX	FEMDX	GMAQX	IGIEX	ANGCX	RYAHX

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

IGIEX	+ 0.94	FEMDX
ANGCX	+ 0.92	IGIEX
ANGCX	+ 0.89	FEMDX
GMAQX	+ 0.85	EMILX
IGIEX	+ 0.79	GMAQX
ANGCX	+ 0.76	GMAQX

High negative correlations

FEMDX

- 0.04

TEOJX

Risk-Adjusted Indicators

There is a big difference between Texton OTC Fund performing well and Texton Property OTC 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 Texton Property'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
TEOJX	0.68	(0.05)	(0.06)	0.00	1.04	(0.71)	1.23	(1.50)	5.51
EMILX	0.75	(0.06)	0.00	(0.01)	0.00	0.00	1.61	(1.16)	4.99
FEMDX	0.15	0.03	(0.12)	0.38	0.00	(0.19)	0.39	(0.31)	0.86
GMAQX	0.59	(0.02)	(0.05)	0.03	0.80	(0.62)	1.18	(1.07)	4.09
IGIEX	0.21	0.03	(0.09)	0.29	0.00	(0.26)	0.46	(0.34)	1.12
ANGCX	0.08	0.01	(0.46)	0.44	0.00	(0.17)	0.23	(0.12)	0.58
RYAHX	1.13	(0.02)	(0.03)	0.02	1.53	(1.11)	2.76	(2.39)	6.23

Be your own money manager

Our tools can tell you how much better you can do entering a position in Texton Property without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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