Turner Emerging Correlations

TMCGX Fund

USD 14.88 0.07 0.47%

The current 90-days correlation between Turner Emerging Growth and Artisan High Income is -0.02 (i.e., Good diversification). The correlation of Turner 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.

Turner Emerging Correlation With Market

Very weak diversification

The correlation between Turner Emerging Growth and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turner Emerging Growth 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 Turner Emerging Growth. 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 TURNER Mutual Fund

0.78	THLCX	Thrivent Large Cap	Pair Corr
0.73	THMAX	Thrivent Moderate	Pair Corr
0.64	THYFX	Thrivent Diversified	Pair Corr
0.76	AAAGX	Thrivent Large Cap	Pair Corr
0.75	AABFX	Thrivent Balanced Income	Pair Corr
0.66	AAHYX	Thrivent Diversified	Pair Corr
0.67	AALGX	Thrivent Large Cap Potential Growth	Pair Corr
0.79	AASCX	Thrivent Mid Cap	Pair Corr
0.76	AASMX	Thrivent Small Cap	Pair Corr
0.71	AAUTX	Thrivent Large Cap	Pair Corr
0.71	TLVIX	Thrivent Large Cap	Pair Corr
0.73	TMAIX	Thrivent Moderate	Pair Corr
0.75	IBBFX	Thrivent Balanced Income	Pair Corr
0.76	TMAFX	Thrivent Moderately	Pair Corr
0.76	TMAAX	Thrivent Moderately	Pair Corr
0.75	TMCVX	Thrivent Mid Cap	Pair Corr
0.81	TMSIX	Thrivent Mid Cap	Pair Corr
0.74	TAAAX	Thrivent Aggressive	Pair Corr
0.74	TAAIX	Thrivent Aggressive	Pair Corr
0.9	TSCGX	Thrivent Small Cap	Pair Corr
0.77	TSCSX	Thrivent Small Cap	Pair Corr
0.67	IILGX	Thrivent Large Cap	Pair Corr
0.77	TCAAX	Thrivent Moderately	Pair Corr
0.76	TCAIX	Thrivent Moderately	Pair Corr

Related Correlations Analysis

	ARTFX	PBHAX	PHDTX	MRHYX	MWHIX	VRHYX	SGYAX
ARTFX		0.92	0.9	0.92	0.85	0.98	0.95	ARTFX
PBHAX	0.92		0.95	0.96	0.95	0.93	0.96	PBHAX
PHDTX	0.9	0.95		0.98	0.91	0.92	0.91	PHDTX
MRHYX	0.92	0.96	0.98		0.92	0.93	0.94	MRHYX
MWHIX	0.85	0.95	0.91	0.92		0.87	0.89	MWHIX
VRHYX	0.98	0.93	0.92	0.93	0.87		0.95	VRHYX
SGYAX	0.95	0.96	0.91	0.94	0.89	0.95		SGYAX
	ARTFX	PBHAX	PHDTX	MRHYX	MWHIX	VRHYX	SGYAX

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Risk-Adjusted Indicators

There is a big difference between TURNER Mutual Fund performing well and Turner 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 Turner 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTFX	0.11	0.02	0.12	(1.30)	(0.20)	0.44	(0.22)	1.22
PBHAX	0.15	0.03	0.12	1.06	(0.32)	0.63	(0.21)	1.06
PHDTX	0.11	0.03	0.15	0.54	(0.15)	0.23	(0.23)	0.79
MRHYX	0.12	0.02	0.13	0.32	(0.16)	0.24	(0.24)	0.59
MWHIX	0.12	0.01	0.10	0.41	(0.21)	0.54	(0.22)	0.98
VRHYX	0.16	0.02	0.09	5.44	(0.34)	0.52	(0.26)	1.05
SGYAX	0.15	0.04	0.20	1.16	(0.28)	0.57	(0.28)	1.28

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Turner Emerging Correlations

Turner Emerging Correlation With Market

Very weak diversification

Moving together with TURNER Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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