Tfa Alphagen Correlations

TFAGX Fund

USD 10.53 0.03 0.28%

The current 90-days correlation between Tfa Alphagen Growth and Advent Claymore Convertible is 0.85 (i.e., Very poor diversification). The correlation of Tfa Alphagen 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.

Tfa Alphagen Correlation With Market

Poor diversification

The correlation between Tfa Alphagen Growth and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tfa Alphagen Growth 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 Tfa Alphagen Growth. 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 Tfa Mutual Fund

0.94	TFAFX	Tactical Growth Allo	Pair Corr
0.95	TFAQX	Tfa Quantitative	Pair Corr
0.95	TFAZX	Tfa Tactical Income	Pair Corr
0.85	CGRGX	American Funds Growth	Pair Corr
0.85	FPGGX	American Funds Growth	Pair Corr
0.85	FGPGX	American Funds Growth	Pair Corr
0.83	GWPCX	American Funds Growth	Pair Corr
0.85	GWPFX	American Funds Growth	Pair Corr
0.85	GWPAX	American Funds Growth	Pair Corr
0.85	CGQGX	American Funds Growth	Pair Corr

Moving against Tfa Mutual Fund

0.51	AMUSX	Us Government Securities	Pair Corr
0.87	UIPIX	Ultrashort Mid Cap	Pair Corr
0.61	SDFCX	Swan Defined Risk	Pair Corr
0.47	AGVCX	Invesco Government	Pair Corr
0.47	JBOIX	John Hancock Esg	Pair Corr
0.43	JMTCX	Jpmorgan Total Return	Pair Corr
0.43	GILHX	Guggenheim Limited	Pair Corr
0.42	VUSIX	Invesco Quality Income	Pair Corr
0.4	FMSCX	Fidelity Advisor Mortgage	Pair Corr
0.35	FAIJX	Faijx	Pair Corr
0.33	VEDIX	Vanguard Extended	Pair Corr
0.46	ABTAX	Government Bond	Pair Corr
0.42	JSNCX	Jhancock Short Duration	Pair Corr
0.42	NECRX	Loomis Sayles E	Pair Corr
0.41	THCAX	Thornburg Core Plus	Pair Corr
0.41	MAHQX	Blackrock Total Ret	Pair Corr
0.41	AVBNX	American Century Etf	Pair Corr

Related Correlations Analysis

	XAVKX	GCV	CCD	ARBOX	FSAWX	PBXIX
XAVKX		0.51	0.83	-0.35	-0.5	0.96	XAVKX
GCV	0.51		0.24	0.31	0.2	0.55	GCV
CCD	0.83	0.24		-0.66	-0.75	0.79	CCD
ARBOX	-0.35	0.31	-0.66		0.98	-0.28	ARBOX
FSAWX	-0.5	0.2	-0.75	0.98		-0.42	FSAWX
PBXIX	0.96	0.55	0.79	-0.28	-0.42		PBXIX
	XAVKX	GCV	CCD	ARBOX	FSAWX	PBXIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FSAWX	+ 0.98	ARBOX
PBXIX	+ 0.96	XAVKX
CCD	+ 0.83	XAVKX
PBXIX	+ 0.79	CCD
PBXIX	+ 0.55	GCV
GCV	+ 0.51	XAVKX

High negative correlations

FSAWX	- 0.75	CCD
ARBOX	- 0.66	CCD
FSAWX	- 0.5	XAVKX
PBXIX	- 0.42	FSAWX
ARBOX	- 0.35	XAVKX
PBXIX	- 0.28	ARBOX

Risk-Adjusted Indicators

There is a big difference between Tfa Mutual Fund performing well and Tfa Alphagen 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 Tfa Alphagen'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XAVKX	0.53	(0.04)	0.00	(0.17)	0.00	0.90	(1.14)	2.56
GCV	0.92	0.01	0.00	(0.05)	0.00	2.17	(2.14)	6.16
CCD	0.77	(0.08)	0.00	(0.26)	0.00	1.41	(1.67)	7.13
ARBOX	0.05	0.02	0.00	0.89	0.00	0.09	0.00	0.18
FSAWX	0.08	0.04	1.09	(1.82)	(0.14)	0.19	(0.10)	0.38
PBXIX	0.43	(0.03)	0.00	(0.14)	0.00	0.81	(0.90)	2.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC