Turner Emerging Correlations

TMCGX Fund

USD 14.23 0.37 2.67%

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

Poor diversification

The correlation between Turner Emerging Growth and DJI is 0.72 (i.e., Poor 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

0.97	THLCX	Thrivent Large Cap	Pair Corr
0.91	THMAX	Thrivent Moderate	Pair Corr
0.97	AAAGX	Thrivent Large Cap	Pair Corr
0.73	AALGX	Thrivent Large Cap	Pair Corr
0.98	AASCX	Thrivent Mid Cap	Pair Corr
0.95	AASMX	Thrivent Small Cap	Pair Corr
0.9	TMAIX	Thrivent Moderate	Pair Corr
0.9	TMAFX	Thrivent Moderately	Pair Corr
0.91	TMAAX	Thrivent Moderately	Pair Corr
0.96	TMCVX	Thrivent Mid Cap	Pair Corr
0.98	TMSIX	Thrivent Mid Cap	Pair Corr
0.96	TAAAX	Thrivent Aggressive	Pair Corr
0.96	TAAIX	Thrivent Aggressive	Pair Corr
0.97	TSCGX	Thrivent Small Cap	Pair Corr
0.93	TSCSX	Thrivent Small Cap	Pair Corr
0.72	IILGX	Thrivent Large Cap	Pair Corr

Moving against Turner Mutual Fund

0.65	THLIX	Thrivent Limited Maturity	Pair Corr
0.47	AAINX	Thrivent Opportunity	Pair Corr
0.44	TWAAX	Thrivent Partner Wor	Pair Corr
0.44	TWAIX	Thrivent Partner Wor	Pair Corr
0.69	TBFAX	Thrivent Government Bond	Pair Corr
0.69	TBFIX	Thrivent Government Bond	Pair Corr
0.64	LBLAX	Thrivent Limited Maturity	Pair Corr
0.58	LUBIX	Thrivent Income	Pair Corr
0.57	LBIIX	Thrivent Income	Pair Corr
0.46	IIINX	Thrivent Opportunity	Pair Corr
0.39	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	DBELX	JOEAX	ANGCX	PIEFX	RYACX	UUPIX
DBELX		0.87	0.87	0.91	0.58	0.87	DBELX
JOEAX	0.87		0.67	0.98	0.26	0.97	JOEAX
ANGCX	0.87	0.67		0.75	0.74	0.71	ANGCX
PIEFX	0.91	0.98	0.75		0.36	0.96	PIEFX
RYACX	0.58	0.26	0.74	0.36		0.26	RYACX
UUPIX	0.87	0.97	0.71	0.96	0.26		UUPIX
	DBELX	JOEAX	ANGCX	PIEFX	RYACX	UUPIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DBELX	0.33	0.02	0.16	2.30	0.28	(0.44)	0.71	(0.58)	1.78
JOEAX	0.85	0.08	0.09	0.15	1.08	(0.85)	1.65	(1.78)	6.33
ANGCX	0.13	0.01	0.24	1.24	0.00	(0.23)	0.36	(0.24)	0.83
PIEFX	0.98	0.10	0.09	0.19	1.27	(0.97)	2.06	(2.04)	6.94
RYACX	1.09	0.10	0.14	(0.14)	1.10	(1.24)	2.78	(1.58)	6.30
UUPIX	2.27	0.27	0.09	0.23	2.87	(2.32)	4.92	(4.93)	14.16

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC