Tcw Relative Correlations
| TGVOX Fund | USD 28.94 0.24 0.84% |
The correlation of Tcw Relative 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 Relative Correlation With Market
Very weak diversification
The correlation between Tcw Relative Value and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Relative Value and DJI in the same portfolio, assuming nothing else is changed.
Tcw |
Moving together with Tcw Mutual Fund
| 0.94 | TGDIX | Tcw Relative Value | PairCorr |
| 0.94 | TGDVX | Tcw Relative Value | PairCorr |
| 0.9 | TGCEX | Tcw Select Equities | PairCorr |
| 0.89 | TGCNX | Tcw Select Equities | PairCorr |
| 0.88 | TGPCX | Tcw Servative Allocation | PairCorr |
| 0.88 | TGPNX | Tcw Servative Allocation | PairCorr |
| 0.82 | TGREX | Tcw Global Real | PairCorr |
| 0.82 | TGRYX | Tcw Global Real | PairCorr |
| 1.0 | TGVNX | Tcw Relative Value | PairCorr |
| 0.83 | FLPKX | Fidelity Low Priced | PairCorr |
| 0.79 | FLPSX | Fidelity Low Priced | PairCorr |
| 0.86 | VMVAX | Vanguard Mid Cap | PairCorr |
| 0.91 | JVMAX | John Hancock Disciplined | PairCorr |
| 0.91 | JVMIX | John Hancock Disciplined | PairCorr |
| 0.86 | VMVIX | Vanguard Mid Cap | PairCorr |
| 0.86 | JMVZX | Jpmorgan Mid Cap | PairCorr |
| 0.86 | JMVRX | Jpmorgan Mid Cap | PairCorr |
| 0.86 | JMVQX | Jpmorgan Mid Cap | PairCorr |
| 0.86 | JMVYX | Jpmorgan Mid Cap | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Tcw Mutual Fund performing well and Tcw Relative 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 Relative'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TGABX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TGDFX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TGDIX | 0.70 | (0.05) | 0.00 | (0.09) | 0.00 | 1.29 | 7.55 | |||
| TGDVX | 0.70 | (0.05) | 0.00 | (0.09) | 0.00 | 1.30 | 7.59 | |||
| TGCEX | 1.17 | (0.21) | 0.00 | (0.23) | 0.00 | 1.79 | 16.28 | |||
| TGCNX | 1.23 | (0.26) | 0.00 | (0.27) | 0.00 | 1.76 | 19.66 | |||
| TGCFX | 0.27 | 0.03 | 0.14 | 0.25 | 0.24 | 0.63 | 1.89 | |||
| TGCPX | 0.27 | 0.03 | 0.14 | 0.25 | 0.23 | 0.63 | 1.77 | |||
| TGFNX | 0.28 | 0.03 | 0.14 | 0.26 | 0.23 | 0.63 | 1.89 |