Tanaka Growth Correlations

Mutual Funds . USA . 
Fund . Tanaka Growth Fund
TGFRX Fund  USD 46.85  3.92  7.72%   
The current 90-days correlation between Tanaka Growth and Jacob Micro Cap is 0.51 (i.e., Very weak diversification). The correlation of Tanaka Growth 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.

Tanaka Growth Correlation With Market

Modest diversification

The correlation between Tanaka Growth Fund and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tanaka Growth Fund 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 Tanaka Growth Fund. 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 metropolitan statistical area.

Moving together with Tanaka Mutual Fund

  0.8FAFGX American FundsPairCorr
  0.8FFAFX American FundsPairCorr
  0.78GFACX Growth FundPairCorr
  0.8GFAFX Growth FundPairCorr
  0.76AGTHX Growth FundPairCorr
  0.79CGFFX Growth FundPairCorr
  0.78CGFCX Growth FundPairCorr
  0.8CGFAX Growth FundPairCorr
  0.8CGFEX Growth FundPairCorr
  0.8RGAEX Growth FundPairCorr
  0.79OSPPX Oppenheimer Steelpath MlpPairCorr
  0.79SPMPX Invesco Steelpath MlpPairCorr
  0.79SPMJX Invesco Steelpath MlpPairCorr
  0.79MLPNX Oppenheimer Steelpath MlpPairCorr
  0.79MLPLX Oppenheimer Steelpath MlpPairCorr
  0.79MLPMX Oppenheimer Steelpath MlpPairCorr
  0.77OLGAX Jpmorgan Large CapPairCorr
  0.84VTCLX Vanguard Tax ManagedPairCorr
  0.8EGLAX Eagle Mlp StrategyPairCorr
  0.88BTO John Hancock FinancialPairCorr
  0.84DCFGX Dunham Focused LargePairCorr
  0.74MIGOX Marsico GlobalPairCorr
  0.88CRBRX Columbia AcornPairCorr
  0.72FDYNX Franklin DynatechPairCorr
  0.79ELFNX Elfun Trusts ElfunPairCorr
  0.86HTDIX Hanlon Tactical DividendPairCorr
  0.65VSPGX Vanguard Sp 500PairCorr
  0.86AMGCX Alger Midcap GrowthPairCorr
  0.63BGAFX Baron Global AdvantagePairCorr
  0.95DWTNX Arrow Dwa TacticalPairCorr
  0.87SCSCX Sentinel Mon StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Tanaka Mutual Fund performing well and Tanaka Growth 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 Tanaka Growth'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.

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