Tarkio Fund Correlations

TARKX Fund

USD 27.04 0.21 0.77%

The current 90-days correlation between Tarkio Fund Tarkio and Ultramid Cap Profund Ultramid Cap is 0.88 (i.e., Very poor diversification). The correlation of Tarkio Fund 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.

Tarkio Fund Correlation With Market

Poor diversification

The correlation between Tarkio Fund Tarkio and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tarkio Fund Tarkio 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 Tarkio Fund Tarkio. 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 industry.

Moving together with Tarkio Mutual Fund

0.85	VIMAX	Vanguard Mid Cap	Pair Corr
0.85	VIMSX	Vanguard Mid Cap	Pair Corr
0.85	VMCPX	Vanguard Mid Cap	Pair Corr
0.85	VMCIX	Vanguard Mid Cap	Pair Corr
0.94	VEXAX	Vanguard Extended Market	Pair Corr
0.94	VEMPX	Vanguard Extended Market	Pair Corr
0.94	VIEIX	Vanguard Extended Market	Pair Corr
0.94	VSEMX	Vanguard Extended Market	Pair Corr
0.94	VEXMX	Vanguard Extended Market	Pair Corr
0.94	FSMAX	Fidelity Extended Market	Pair Corr

Moving against Tarkio Mutual Fund

0.69	USGDX	Morgan Stanley Government	Pair Corr
0.52	SAEMX	Sa Emerging Markets	Pair Corr
0.47	BRUFX	Bruce Fund Bruce	Pair Corr
0.38	UTF	Cohen And Steers	Pair Corr
0.36	KF	Korea Closed	Pair Corr
0.73	GF	New Germany Closed	Pair Corr
0.69	PSDNX	Putnam Ultra Short	Pair Corr
0.66	ABNOX	Ab Bond Inflation	Pair Corr
0.66	HRBDX	Harbor Bond Fund	Pair Corr
0.65	BISMX	Brandes International	Pair Corr
0.62	ARBOX	Absolute Convertible	Pair Corr
0.62	VICSX	Vanguard Intermediate-ter	Pair Corr
0.62	EMBAX	Unconstrained Emerging	Pair Corr
0.56	GIOIX	Guggenheim Macro Opp	Pair Corr
0.54	DLDFX	Destinations Low Duration	Pair Corr
0.41	RMDUX	American Funds Multi	Pair Corr
0.39	SGDLX	Sprott Gold Equity	Pair Corr
0.39	HTD	John Hancock Tax	Pair Corr
0.31	TIMUX	Transamerica Intermediate	Pair Corr

Related Correlations Analysis

	UMPSX	RYLDX	RYCYX	RMBNX	RMBKX
UMPSX		0.84	0.85	0.85	0.84	UMPSX
RYLDX	0.84		1.0	0.89	0.89	RYLDX
RYCYX	0.85	1.0		0.89	0.9	RYCYX
RMBNX	0.85	0.89	0.89		1.0	RMBNX
RMBKX	0.84	0.89	0.9	1.0		RMBKX
	UMPSX	RYLDX	RYCYX	RMBNX	RMBKX

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Risk-Adjusted Indicators

There is a big difference between Tarkio Mutual Fund performing well and Tarkio Fund 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 Tarkio Fund'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
UMPSX	1.68	(0.21)	(0.18)	2.58	(4.39)	8.04
RYLDX	1.37	(0.04)	(0.09)	2.51	(3.31)	7.38
RYCYX	1.37	(0.04)	(0.09)	2.51	(3.31)	7.38
RMBNX	1.12	(0.13)	(0.20)	2.17	(3.10)	6.79
RMBKX	1.12	(0.13)	(0.20)	2.19	(3.08)	6.79

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