Tfa Tactical Correlations

TFAZX Fund

USD 8.17 0.03 0.37%

The current 90-days correlation between Tfa Tactical Income and Rreef Property Trust is -0.09 (i.e., Good diversification). The correlation of Tfa Tactical 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 Tactical Correlation With Market

Poor diversification

The correlation between Tfa Tactical Income 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 Tactical Income 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 Tactical Income. 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 nation.

Moving together with Tfa Mutual Fund

0.95	TFAGX	Tfa Alphagen Growth	Pair Corr
0.85	TFAFX	Tactical Growth Allo	Pair Corr
0.86	TFAQX	Tfa Quantitative	Pair Corr
0.61	FHYCX	Federated High Yield	Pair Corr
0.61	PRPZX	Prudential Jennison Mlp	Pair Corr
0.67	SAAAX	Simt Multi Asset	Pair Corr

Moving against Tfa Mutual Fund

0.31	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.51	RYWBX	Weakening Dollar	Pair Corr
0.36	FHNFX	Fidelity Series Gove	Pair Corr
0.31	PPFFX	American Funds Prese	Pair Corr
0.31	MBFAX	Total Return Bond	Pair Corr

Related Correlations Analysis

	ZRPTUX	SAREX	VGSIX	PAREX	DFREX	NMMRF
ZRPTUX		0.6	0.62	0.66	0.61	0.24	ZRPTUX
SAREX	0.6		0.99	0.96	1.0	0.37	SAREX
VGSIX	0.62	0.99		0.95	0.99	0.35	VGSIX
PAREX	0.66	0.96	0.95		0.96	0.38	PAREX
DFREX	0.61	1.0	0.99	0.96		0.39	DFREX
NMMRF	0.24	0.37	0.35	0.38	0.39		NMMRF
	ZRPTUX	SAREX	VGSIX	PAREX	DFREX	NMMRF

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Risk-Adjusted Indicators

There is a big difference between Tfa Mutual Fund performing well and Tfa Tactical 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 Tactical'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
ZRPTUX	0.08	(0.01)	(0.92)	0.15	(0.45)	0.98
SAREX	0.92	(0.02)	(0.10)	1.64	(1.86)	4.54
VGSIX	0.92	0.00	(0.07)	1.73	(1.97)	4.57
PAREX	1.02	(0.08)	(0.19)	1.65	(2.30)	6.34
DFREX	0.90	(0.01)	(0.08)	1.65	(1.87)	4.48
NMMRF	0.07	0.02	(1.43)	0.00	0.00	2.35

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