Thompson Largecap Correlations

THPGX Fund

USD 100.20 0.39 0.39%

The current 90-days correlation between Thompson Largecap and Clipper Fund Inc is 0.48 (i.e., Very weak diversification). The correlation of Thompson Largecap 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.

Thompson Largecap Correlation With Market

Weak diversification

The correlation between Thompson Largecap Fund and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thompson Largecap 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 Thompson Largecap 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 price.

Moving together with Thompson Mutual Fund

0.95

THPMX

Thompson Midcap

Pair Corr

Moving against Thompson Mutual Fund

0.48	DPFAX	Deer Park Total	Pair Corr
0.4	THOPX	Thompson Bond	Pair Corr
0.52	VSBSX	Vanguard Short Term	Pair Corr
0.5	FSHBX	Fidelity Short Term	Pair Corr
0.42	LIFTX	Lord Abbett Inflation	Pair Corr
0.39	VFIUX	Vanguard Intermediate-ter	Pair Corr
0.33	HIPCX	The Hartford Inflation	Pair Corr
0.33	VFIJX	Vanguard Gnma	Pair Corr
0.33	NOIAX	Natixis Oakmark Inte	Pair Corr
0.32	MSTUX	Mainstay Mackay Short	Pair Corr
0.32	FCBCX	Nuveen Strategic Income	Pair Corr
0.31	VBTLX	Vanguard Total Bond	Pair Corr
0.66	URPSX	Ultrabear Profund	Pair Corr
0.44	HOSGX	Short Term Government	Pair Corr
0.41	VSCSX	Vanguard Short Term	Pair Corr
0.38	SIEYX	International Equity	Pair Corr
0.36	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.33	RSFYX	Victory Floating Rate	Pair Corr

Related Correlations Analysis

	CFIMX	MVALX	MERDX	MUHLX	RYOCX
CFIMX		0.4	0.62	0.36	0.45	CFIMX
MVALX	0.4		0.89	0.57	0.94	MVALX
MERDX	0.62	0.89		0.54	0.9	MERDX
MUHLX	0.36	0.57	0.54		0.44	MUHLX
RYOCX	0.45	0.94	0.9	0.44		RYOCX
	CFIMX	MVALX	MERDX	MUHLX	RYOCX

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Risk-Adjusted Indicators

There is a big difference between Thompson Mutual Fund performing well and Thompson Largecap 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 Thompson Largecap'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
CFIMX	0.76	0.04	0.05	0.01	0.96	(0.86)	1.54	(1.63)	4.37
MVALX	1.04	(0.20)	0.00	0.93	0.00	0.00	1.39	(2.45)	4.74
MERDX	0.85	(0.08)	0.00	(0.12)	0.00	0.00	1.49	(2.52)	4.47
MUHLX	0.84	(0.05)	0.00	(0.09)	0.00	0.00	1.48	(1.78)	8.25
RYOCX	1.08	(0.16)	0.00	0.53	0.00	0.00	1.65	(2.79)	6.13

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