Tcw Global Correlations
TGGFX Fund | USD 8.29 0.01 0.12% |
The current 90-days correlation between Tcw Global Bond and City National Rochdale is 0.58 (i.e., Very weak diversification). The correlation of Tcw Global 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 Global Correlation With Market
Average diversification
The correlation between Tcw Global Bond and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Global Bond and DJI in the same portfolio, assuming nothing else is changed.
Tcw |
Moving together with Tcw Mutual Fund
0.97 | TGCFX | Tcw E Fixed | PairCorr |
0.94 | TGCPX | Tcw Core Fixed | PairCorr |
0.97 | TGFNX | Tcw E Fixed | PairCorr |
1.0 | TGGBX | Tcw Global Bond | PairCorr |
0.91 | TGEIX | Tcw Emerging Markets | PairCorr |
0.92 | TGEPX | Tcw Funds | PairCorr |
0.92 | TGINX | Tcw Emerging Markets | PairCorr |
0.95 | TGLSX | Tcw Total Return | PairCorr |
0.97 | TGMNX | Tcw Total Return | PairCorr |
0.95 | TGLMX | Tcw Total Return | PairCorr |
0.95 | TGWIX | Tcw Emerging Markets | PairCorr |
0.95 | TGWNX | Tcw Emerging Markets | PairCorr |
0.96 | FGBRX | Templeton Global Bond | PairCorr |
0.96 | FBNRX | Templeton Global Bond | PairCorr |
0.95 | RCWBX | Capital World Bond | PairCorr |
0.98 | CCWFX | Capital World Bond | PairCorr |
0.99 | CCWCX | Capital World Bond | PairCorr |
0.99 | RCWEX | Capital World Bond | PairCorr |
0.98 | CCWEX | Capital World Bond | PairCorr |
0.99 | RCWCX | Capital World Bond | PairCorr |
0.98 | RCWGX | Capital World Bond | PairCorr |
0.98 | RCWFX | Capital World Bond | PairCorr |
Moving against Tcw Mutual Fund
0.39 | TGCEX | Tcw Select Equities | PairCorr |
0.35 | TGCNX | Tcw Select Equities | PairCorr |
0.67 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.63 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.55 | RGNCX | Victory Global Natural | PairCorr |
0.54 | RSNYX | Victory Global Natural | PairCorr |
0.54 | RSNRX | Victory Global Natural | PairCorr |
0.37 | TGVNX | Tcw Relative Value | PairCorr |
0.37 | TGVOX | Tcw Relative Value | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Tcw Mutual Fund performing well and Tcw Global 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 Global'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
RIMOX | 0.06 | 0.01 | 0.76 | 0.37 | 0.00 | 0.15 | 0.36 | |||
ARTFX | 0.12 | (0.01) | 0.35 | 0.24 | 0.13 | 0.44 | 0.89 | |||
FEHIX | 0.23 | (0.02) | 0.00 | (0.90) | 0.00 | 0.46 | 1.52 | |||
SGYAX | 0.16 | 0.01 | 0.31 | 0.03 | 0.13 | 0.56 | 1.57 | |||
GHVIX | 0.16 | (0.01) | 0.31 | 0.10 | 0.18 | 0.24 | 1.01 | |||
BOHAX | 0.12 | 0.00 | 0.29 | (0.04) | 0.16 | 0.30 | 1.02 | |||
TFHAX | 0.12 | (0.01) | 0.00 | (0.66) | 0.00 | 0.21 | 0.82 | |||
PYRLX | 0.12 | (0.01) | 0.24 | 1.03 | 0.16 | 0.32 | 1.11 |