Tweedy Browne Correlations

TBGVX Fund

USD 26.04 0.22 0.85%

The current 90-days correlation between Tweedy Browne Global and Tweedy Browne Value is 0.98 (i.e., Almost no diversification). The correlation of Tweedy Browne 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.

Tweedy Browne Correlation With Market

Average diversification

The correlation between Tweedy Browne Global and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tweedy Browne Global 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 Tweedy Browne Global. 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 real.

Moving together with Tweedy Mutual Fund

1.0	TWEBX	Tweedy Browne Value	Pair Corr
0.98	TBCUX	Tweedy Browne Global	Pair Corr
0.99	TBHDX	Tweedy Browne Worldwide	Pair Corr
0.91	DOXFX	Dodge Cox International	Pair Corr
0.61	OANIX	Oakmark International	Pair Corr
0.91	DODFX	Dodge International Stock	Pair Corr
0.61	OAKIX	Oakmark International	Pair Corr
0.61	OAYIX	Oakmark International	Pair Corr
0.61	OAZIX	Oakmark International	Pair Corr
0.85	FINVX	Fidelity Series Inte	Pair Corr
0.92	VTRIX	Vanguard International	Pair Corr
0.76	RRIGX	T Rowe Price	Pair Corr
0.92	CSJZX	Cohen Steers Realty	Pair Corr
0.92	CSRSX	Cohen Steers Realty	Pair Corr

Moving against Tweedy Mutual Fund

0.67	FGNSX	Strategic Advisers Tax	Pair Corr
0.64	ETV	Eaton Vance Tax	Pair Corr
0.37	SMFPX	Salient Mlp Energy	Pair Corr
0.37	BGB	Blackstone Gso Strategic	Pair Corr
0.31	SAXIX	Sa Global Fixed	Pair Corr
0.87	QMHNX	Aqr Managed Futures	Pair Corr
0.82	DULTX	Delaware Investments	Pair Corr
0.62	RCGTX	Allianzgi Technology	Pair Corr
0.62	VIGAX	Vanguard Growth Index	Pair Corr

Related Correlations Analysis

	TWEBX	LLPFX	TAVFX	CFIMX	ARTIX
TWEBX		0.88	0.98	0.84	0.95	TWEBX
LLPFX	0.88		0.85	0.9	0.86	LLPFX
TAVFX	0.98	0.85		0.79	0.96	TAVFX
CFIMX	0.84	0.9	0.79		0.79	CFIMX
ARTIX	0.95	0.86	0.96	0.79		ARTIX
	TWEBX	LLPFX	TAVFX	CFIMX	ARTIX

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Risk-Adjusted Indicators

There is a big difference between Tweedy Mutual Fund performing well and Tweedy Browne 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 Tweedy Browne'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
TWEBX	0.59	(0.17)	(0.69)	0.76	(1.18)	10.43
LLPFX	0.50	(0.05)	(0.29)	0.95	(1.12)	4.37
TAVFX	0.72	(0.16)	(0.32)	1.36	(1.60)	7.29
CFIMX	0.78	(0.05)	(0.08)	1.18	(1.45)	12.43
ARTIX	0.66	(0.14)	(0.41)	0.96	(1.25)	10.14

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