Nt Non-us Correlations

ANTUX Fund

USD 9.17 0.11 1.19%

The current 90-days correlation between Nt Non Intrinsic and Focused International Growth is 0.48 (i.e., Very weak diversification). The correlation of Nt Non-us 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.

Nt Non-us Correlation With Market

Very weak diversification

The correlation between Nt Non US Intrinsic and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nt Non US Intrinsic and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nt Non US Intrinsic. 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 employment.

Moving together with ANTUX Mutual Fund

0.86	CDBCX	Diversified Bond	Pair Corr
0.75	AMKIX	Emerging Markets	Pair Corr
0.84	TWACX	Short Term Government	Pair Corr
0.64	TWADX	Value Fund A	Pair Corr
0.84	TWARX	Short Term Government	Pair Corr
0.85	TWAVX	Short Term Government	Pair Corr
0.74	TWEAX	Equity Income	Pair Corr
0.74	TWEIX	Equity Income	Pair Corr
0.75	TWGAX	International Growth	Pair Corr
0.75	TWIEX	International Growth	Pair Corr
0.75	TWMIX	Emerging Markets	Pair Corr
0.66	TWTIX	Intermediate Term Tax	Pair Corr
0.84	TWUSX	Short Term Government	Pair Corr
0.64	TWVLX	Value Fund Investor	Pair Corr
0.83	TWUOX	Short Term Government	Pair Corr
0.66	TWWOX	Intermediate Term Tax	Pair Corr
0.71	NPHIX	High Income Fund	Pair Corr

Moving against ANTUX Mutual Fund

0.64	TWCCX	Ultra Fund C	Pair Corr
0.62	TWCAX	Select Fund A	Pair Corr
0.62	TWCIX	Select Fund Investor	Pair Corr
0.6	TWCGX	Growth Fund Investor	Pair Corr
0.54	AMEIX	Equity Growth	Pair Corr
0.49	TWBIX	Balanced Fund Investor	Pair Corr
0.31	AMGIX	Income Growth	Pair Corr
0.7	TWCUX	Ultra Fund Investor	Pair Corr
0.62	TWSIX	Select Fund I	Pair Corr
0.6	TWGIX	Growth Fund I	Pair Corr
0.59	TWRCX	Growth Fund C	Pair Corr
0.33	TWHIX	Heritage Fund Investor	Pair Corr
0.66	TWUAX	Ultra Fund A	Pair Corr
0.66	TWUIX	Ultra Fund I	Pair Corr
0.56	ANOCX	Small Cap Growth	Pair Corr
0.55	ANORX	Small Cap Growth	Pair Corr
0.55	ANONX	Small Cap Growth	Pair Corr
0.55	ANOGX	Small Cap Growth	Pair Corr

Related Correlations Analysis

	AFCNX	ANOIX	ADSIX	ALVIX	AGCVX
AFCNX		0.23	0.14	0.72	0.2	AFCNX
ANOIX	0.23		0.51	-0.03	0.97	ANOIX
ADSIX	0.14	0.51		0.28	0.61	ADSIX
ALVIX	0.72	-0.03	0.28		-0.09	ALVIX
AGCVX	0.2	0.97	0.61	-0.09		AGCVX
	AFCNX	ANOIX	ADSIX	ALVIX	AGCVX

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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

AGCVX	+ 0.97	ANOIX
ALVIX	+ 0.72	AFCNX
AGCVX	+ 0.61	ADSIX
ADSIX	+ 0.51	ANOIX
ALVIX	+ 0.28	ADSIX
ANOIX	+ 0.23	AFCNX

High negative correlations

AGCVX	- 0.09	ALVIX
ALVIX	- 0.03	ANOIX

Risk-Adjusted Indicators

There is a big difference between ANTUX Mutual Fund performing well and Nt Non-us 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 Nt Non-us' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
AFCNX	0.82	0.03	(0.02)	1.62	(1.99)	6.05
ANOIX	1.01	(0.08)	(0.14)	1.80	(2.96)	5.02
ADSIX	1.66	(0.45)	(0.25)	1.71	(2.95)	31.11
ALVIX	0.70	(0.02)	(0.09)	1.23	(1.59)	7.27
AGCVX	0.96	(0.08)	(0.15)	1.48	(2.17)	5.50

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