Tcw Core Correlations

TGCFX Fund

USD 9.72 0.02 0.21%

The current 90-days correlation between Tcw E Fixed and Guidemark Large Cap is -0.09 (i.e., Good diversification). The correlation of Tcw Core 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 Core Correlation With Market

Average diversification

The correlation between Tcw E Fixed and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw E Fixed 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 E Fixed. 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 census.

Moving together with Tcw Mutual Fund

0.96	TGCPX	Tcw Core Fixed	Pair Corr
1.0	TGFNX	Tcw E Fixed	Pair Corr
1.0	TGMNX	Tcw Total Return	Pair Corr
0.9	VBTLX	Vanguard Total Bond	Pair Corr
0.95	VBMFX	Vanguard Total Bond	Pair Corr
0.88	VBTIX	Vanguard Total Bond	Pair Corr
1.0	VTBSX	Vanguard Total Bond	Pair Corr
1.0	VTBIX	Vanguard Total Bond	Pair Corr
0.88	VTBNX	Vanguard Total Bond	Pair Corr
0.99	FBOFX	American Funds	Pair Corr
0.88	FFBOX	American Funds	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
0.88	ABNDX	Bond Fund	Pair Corr
0.84	PDI	Pimco Dynamic Income	Pair Corr
0.62	UIPIX	Ultrashort Mid Cap	Pair Corr
0.76	FTCAX	Templeton Strained Bond	Pair Corr
0.79	WCCFX	Wealthbuilder Conservative	Pair Corr
0.88	ACCSX	Access Capital Munity	Pair Corr
0.71	CITEX	American High Income	Pair Corr
0.61	PCCFX	Prudential Income Builder	Pair Corr
0.74	IRFIX	Cohen Steers Interna	Pair Corr
0.89	FLRRX	Franklin Low Duration	Pair Corr

Moving against Tcw Mutual Fund

0.46	TGCEX	Tcw Select Equities	Pair Corr
0.42	TGCNX	Tcw Select Equities	Pair Corr
0.45	TCTGX	Transamerica Cleartrack	Pair Corr
0.44	TCTJX	Transamerica Cleartrack	Pair Corr
0.43	TDKTX	Cleartrack 2015 Class	Pair Corr
0.35	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	GMLVX	VAAGX	SMVLX	AMFFX	TACLX	PAFDX	ALCEX	TRCPX
GMLVX		0.18	-0.19	0.55	0.57	0.57	0.03	0.5	GMLVX
VAAGX	0.18		0.7	0.84	0.75	0.58	0.82	0.77	VAAGX
SMVLX	-0.19	0.7		0.35	0.23	0.38	0.94	0.41	SMVLX
AMFFX	0.55	0.84	0.35		0.92	0.71	0.56	0.86	AMFFX
TACLX	0.57	0.75	0.23	0.92		0.78	0.49	0.91	TACLX
PAFDX	0.57	0.58	0.38	0.71	0.78		0.6	0.82	PAFDX
ALCEX	0.03	0.82	0.94	0.56	0.49	0.6		0.65	ALCEX
TRCPX	0.5	0.77	0.41	0.86	0.91	0.82	0.65		TRCPX
	GMLVX	VAAGX	SMVLX	AMFFX	TACLX	PAFDX	ALCEX	TRCPX

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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

ALCEX	+ 0.94	SMVLX
TACLX	+ 0.92	AMFFX
TRCPX	+ 0.91	TACLX
TRCPX	+ 0.86	AMFFX
AMFFX	+ 0.84	VAAGX
ALCEX	+ 0.82	VAAGX

High negative correlations

SMVLX

- 0.19

GMLVX

Risk-Adjusted Indicators

There is a big difference between Tcw Mutual Fund performing well and Tcw Core 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 Core'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
GMLVX	0.69	0.06	0.10	0.06	0.90	(0.75)	1.57	(1.62)	5.51
VAAGX	0.70	(0.11)	0.00	0.81	0.00	0.00	1.22	(1.63)	3.33
SMVLX	0.80	(0.05)	0.00	(0.14)	0.00	0.00	1.31	(1.85)	3.48
AMFFX	0.63	(0.10)	0.00	0.51	0.00	0.00	1.09	(1.46)	5.17
TACLX	0.68	(0.08)	0.00	0.85	0.00	0.00	1.26	(1.49)	3.10
PAFDX	0.71	(0.03)	0.00	(0.12)	0.00	0.00	1.23	(1.30)	6.65
ALCEX	0.72	(0.04)	0.00	(0.12)	0.00	0.00	1.09	(1.91)	3.41
TRCPX	0.65	(0.04)	0.00	0.32	0.00	0.00	1.21	(1.53)	3.55

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