Tcw Emerging Correlations

TGWIX Fund

USD 7.13 0.04 0.56%

The current 90-days correlation between Tcw Emerging Markets and Angel Oak Multi Strategy is -0.13 (i.e., Good diversification). The correlation of Tcw Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Tcw Emerging Markets and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Emerging Markets 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 Emerging Markets. 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 gross domestic product.

Moving together with Tcw Mutual Fund

0.79	TGCFX	Tcw E Fixed	Pair Corr
0.78	TGCPX	Tcw Core Fixed	Pair Corr
0.77	TGFNX	Tcw E Fixed	Pair Corr
0.81	TGGBX	Tcw Global Bond	Pair Corr
0.83	TGEIX	Tcw Emerging Markets	Pair Corr
0.94	TGEPX	Tcw Funds	Pair Corr
0.87	TGGFX	Tcw Global Bond	Pair Corr
0.87	TGINX	Tcw Emerging Markets	Pair Corr
0.8	TGLSX	Tcw Total Return	Pair Corr
0.79	TGMNX	Tcw Total Return	Pair Corr
0.8	TGLMX	Tcw Total Return	Pair Corr
0.76	TGREX	Tcw Global Real	Pair Corr
0.76	TGRYX	Tcw Global Real	Pair Corr
0.93	TGWNX	Tcw Emerging Markets	Pair Corr
0.8	PLMPX	Pimco Emerging Markets	Pair Corr
0.79	PLMIX	Pimco Emerging Markets	Pair Corr
0.96	PELPX	Pimco Emerging Local	Pair Corr
0.88	PELBX	Pimco Emerging Local	Pair Corr
0.88	PELAX	Pimco Emerging Local	Pair Corr
0.97	PELCX	Pimco Emerging Local	Pair Corr
0.88	PELNX	Pimco Emerging Local	Pair Corr
0.94	EEIAX	Eaton Vance Emerging	Pair Corr
0.94	EEIIX	Eaton Vance Emerging	Pair Corr
0.93	EEICX	Eaton Vance Emerging	Pair Corr

Related Correlations Analysis

	ANGCX	REMVX	EGLNX	JFAMX	SEDAX	PLMPX	DODEX	IGIEX
ANGCX		0.71	0.24	0.61	0.86	0.8	0.73	0.86	ANGCX
REMVX	0.71		0.18	0.9	0.84	0.77	0.97	0.85	REMVX
EGLNX	0.24	0.18		0.39	0.44	0.5	0.26	0.24	EGLNX
JFAMX	0.61	0.9	0.39		0.83	0.85	0.91	0.73	JFAMX
SEDAX	0.86	0.84	0.44	0.83		0.94	0.9	0.94	SEDAX
PLMPX	0.8	0.77	0.5	0.85	0.94		0.84	0.8	PLMPX
DODEX	0.73	0.97	0.26	0.91	0.9	0.84		0.87	DODEX
IGIEX	0.86	0.85	0.24	0.73	0.94	0.8	0.87		IGIEX
	ANGCX	REMVX	EGLNX	JFAMX	SEDAX	PLMPX	DODEX	IGIEX

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Risk-Adjusted Indicators

There is a big difference between Tcw Mutual Fund performing well and Tcw Emerging 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 Emerging'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
ANGCX	0.13	0.02	0.46	12.31	0.00	(0.22)	0.35	(0.24)	0.94
REMVX	0.69	0.06	0.11	0.12	0.82	(0.74)	1.47	(1.54)	3.39
EGLNX	1.06	0.02	0.00	(0.02)	0.00	0.00	1.88	(2.57)	6.25
JFAMX	0.77	0.02	0.04	(0.02)	1.10	(0.72)	1.51	(1.86)	4.22
SEDAX	0.26	0.04	0.29	0.77	0.17	(0.33)	0.60	(0.36)	1.56
PLMPX	0.23	0.03	0.28	0.40	0.13	(0.34)	0.56	(0.42)	1.42
DODEX	0.58	0.04	0.10	0.09	0.71	(0.65)	1.08	(1.52)	3.07
IGIEX	0.26	0.04	0.22	0.58	0.22	(0.35)	0.72	(0.49)	1.57

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Tcw Emerging Correlations

Tcw Emerging Correlation With Market

Weak diversification

Moving together with Tcw Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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