Tcw Select Correlations

TGCEX Fund

USD 32.24 0.19 0.59%

The current 90-days correlation between Tcw Select Equities and Rbc China Equity is 0.13 (i.e., Average diversification). The correlation of Tcw Select 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.

Tcw Select Correlation With Market

Modest diversification

The correlation between Tcw Select Equities and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Select Equities 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 Tcw Select Equities. 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 income.

Moving together with Tcw Mutual Fund

0.86	TGDIX	Tcw Relative Value	Pair Corr
0.86	TGDVX	Tcw Relative Value	Pair Corr
1.0	TGCNX	Tcw Select Equities	Pair Corr
0.61	TGGFX	Tcw Global Bond	Pair Corr
0.89	TGPCX	Tcw Servative Allocation	Pair Corr
0.89	TGPNX	Tcw Servative Allocation	Pair Corr
0.7	TGREX	Tcw Global Real	Pair Corr
0.7	TGRYX	Tcw Global Real	Pair Corr
0.9	TGVNX	Tcw Relative Value	Pair Corr
0.9	TGVOX	Tcw Relative Value	Pair Corr
0.66	FAFGX	American Funds	Pair Corr
0.75	FFAFX	American Funds	Pair Corr
0.68	GFACX	Growth Fund	Pair Corr
0.67	GFAFX	Growth Fund	Pair Corr
0.67	CGFFX	Growth Fund	Pair Corr
0.68	CGFCX	Growth Fund	Pair Corr
0.67	CGFAX	Growth Fund	Pair Corr
0.67	CGFEX	Growth Fund	Pair Corr
0.76	RGAEX	Growth Fund	Pair Corr

Moving against Tcw Mutual Fund

0.46	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.37	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.37	EAD	Allspring Income Opp	Pair Corr
0.36	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.36	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.31	FSMMX	Fs Multi Strategy	Pair Corr

Related Correlations Analysis

	RBCIX	ARTNX	MSTFX	SMYIX	DDCFX	VDEQX
RBCIX		0.67	0.82	0.53	0.64	0.47	RBCIX
ARTNX	0.67		0.84	0.78	0.75	0.52	ARTNX
MSTFX	0.82	0.84		0.87	0.87	0.72	MSTFX
SMYIX	0.53	0.78	0.87		0.85	0.85	SMYIX
DDCFX	0.64	0.75	0.87	0.85		0.73	DDCFX
VDEQX	0.47	0.52	0.72	0.85	0.73		VDEQX
	RBCIX	ARTNX	MSTFX	SMYIX	DDCFX	VDEQX

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Risk-Adjusted Indicators

There is a big difference between Tcw Mutual Fund performing well and Tcw Select 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 Tcw Select'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RBCIX	1.17	0.19	0.13	(0.93)	1.13	(1.49)	2.72	(1.88)	9.84
ARTNX	0.51	0.07	0.09	0.15	0.64	(0.59)	1.19	(0.93)	3.97
MSTFX	0.55	0.06	0.07	0.24	0.74	(0.56)	1.35	(1.28)	2.95
SMYIX	0.65	0.02	0.02	0.04	1.09	(0.60)	1.07	(1.35)	4.20
DDCFX	0.20	0.01	0.02	0.08	0.16	(0.29)	0.55	(0.33)	1.43
VDEQX	0.67	0.00	0.00	0.01	1.27	(0.59)	1.09	(1.37)	5.29

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