Tortoise Energy Correlations

Mutual Funds . USA . 
Fund . Tortoise Energy Infrastructure
XTYGX Fund  USD 45.30  0.12  0.27%   
The current 90-days correlation between Tortoise Energy Infr and Vanguard Total Stock is 0.54 (i.e., Very weak diversification). The correlation of Tortoise Energy 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.

Tortoise Energy Correlation With Market

Good diversification

The correlation between Tortoise Energy Infrastructure and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tortoise Energy Infrastructure and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Tortoise Energy Infrastructure. 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 Tortoise Mutual Fund

  0.84VTSAX Vanguard Total StockPairCorr
  0.81VFIAX Vanguard 500 IndexPairCorr
  0.84VTSMX Vanguard Total StockPairCorr
  0.81VITSX Vanguard Total StockPairCorr
  0.84VSTSX Vanguard Total StockPairCorr
  0.84VSMPX Vanguard Total StockPairCorr
  0.82VFINX Vanguard 500 IndexPairCorr
  0.84VFFSX Vanguard 500 IndexPairCorr
  0.85VGTSX Vanguard Total InterPairCorr
  0.85VTIAX Vanguard Total InterPairCorr
  0.63RYMBX Commodities StrategyPairCorr
  0.72BRUFX Bruce Fund BrucePairCorr
  0.82SPGSX State Street PremierPairCorr
  0.72KF Korea ClosedPairCorr
  0.79GCIGX Gamco InternationalPairCorr
  0.82MRLSX Amg Renaissance LargePairCorr
  0.85TNBIX 1290 Smartbeta EquityPairCorr
  0.8WPGTX Wpg Partners SmallmicroPairCorr
  0.75KAMIX Kensington Managed IncomePairCorr
  0.82MXCCX Federated Max CapPairCorr
  0.84LRAGX Lord Abbett InternationalPairCorr
  0.87MSEGX Growth Portfolio Class Steady GrowthPairCorr
  0.83ANZAX Allianzgi ConvertiblePairCorr
  0.81VEMPX Vanguard Extended MarketPairCorr
  0.86FSTBX Federated Global AllPairCorr
  0.82EKSRX Wells Fargo DiversifiedPairCorr
  0.82AVCNX American Century EtfPairCorr
  0.84RMVRX Rbc Emerging MarketsPairCorr
  0.73MLXIX Catalyst Mlp InfrastPairCorr
  0.83NWASX Nationwide DestinationPairCorr
  0.86ICTEX Icon Information TecPairCorr
  0.78BISCX Ubs Small CapPairCorr
  0.76ASVCX American Beacon SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tortoise Mutual Fund performing well and Tortoise Energy 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 Tortoise Energy'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.67  0.26  0.12 (3.44) 0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.67  0.26  0.13 (2.75) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VSMPX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.66  0.25  0.12 (3.24) 0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.47  0.23  0.14 (4.35) 0.08 
(0.54)
 1.31 
(0.84)
 3.09 
VTIAX  0.47  0.23  0.13 (4.21) 0.00 
(0.54)
 1.35 
(0.86)
 3.10 

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