Tactical Multi-purpose Correlations

TMPFX Fund

USD 9.95 0.01 0.10%

The current 90-days correlation between Tactical Multi Purpose and Touchstone International Equity is 0.15 (i.e., Average diversification). The correlation of Tactical Multi-purpose 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.

Tactical Multi-purpose Correlation With Market

Significant diversification

The correlation between Tactical Multi Purpose Fund and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tactical Multi Purpose 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 Tactical Multi Purpose 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 census.

Moving together with Tactical Mutual Fund

0.94	IAFEX	Fisher All Foreign	Pair Corr
0.9	QDIBX	Fisher Fixed Income	Pair Corr
0.89	QDVBX	Fisher Investments	Pair Corr
0.94	PTSPX	Pimco Short Term	Pair Corr
0.95	PTSHX	Short Term Fund	Pair Corr
0.95	PSFAX	Short Term Fund	Pair Corr
0.94	PTSRX	Short Term Fund	Pair Corr
0.95	PSDNX	Putnam Ultra Short	Pair Corr
0.94	LUSNX	Lord Abbett Ultra	Pair Corr
0.98	VUBFX	Vanguard Ultra-short-term	Pair Corr
0.95	PSDRX	Putnam Short Duration	Pair Corr
0.94	PSDYX	Putnam Short Duration	Pair Corr
0.91	UGPSX	Ultrachina Profund	Pair Corr
0.91	UGPIX	Ultrachina Profund	Pair Corr
0.95	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.95	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.84	SHOAX	American Beacon Sim	Pair Corr
0.82	LOMAX	Edgar Lomax Value	Pair Corr
0.85	RIMOX	City National Rochdale	Pair Corr
0.65	IOEBX	Ioebx	Pair Corr
0.61	AWF	Alliancebernstein	Pair Corr
0.95	MGICX	Mfs International Value	Pair Corr
0.89	MWTRX	Metropolitan West Total	Pair Corr
0.89	CRAIX	Community Reinvestment	Pair Corr
0.75	ABDAX	Columbia Capital All	Pair Corr
0.96	DVRCX	Mfs Global Alternative	Pair Corr
0.66	AQRRX	Aqr Risk Parity	Pair Corr
0.88	IDPYX	Alliancebernstein	Pair Corr
0.8	JEMWX	Jpmorgan Emerging Markets	Pair Corr
0.64	UIPIX	Ultrashort Mid Cap	Pair Corr
0.94	PCCRX	Pimco Credit Absolute	Pair Corr

Moving against Tactical Mutual Fund

0.77	IUSCX	Fisher Investments	Pair Corr
0.6	ILESX	Fisher Investments	Pair Corr
0.34	CISGX	Touchstone Sands Capital	Pair Corr

Related Correlations Analysis

	TOIIX	GIEAX	QLENX	OWFIX	ARTNX	RTIUX	PWITX
TOIIX		0.99	0.92	0.93	0.69	0.97	0.98	TOIIX
GIEAX	0.99		0.93	0.92	0.75	0.99	0.99	GIEAX
QLENX	0.92	0.93		0.87	0.85	0.95	0.94	QLENX
OWFIX	0.93	0.92	0.87		0.67	0.89	0.94	OWFIX
ARTNX	0.69	0.75	0.85	0.67		0.82	0.76	ARTNX
RTIUX	0.97	0.99	0.95	0.89	0.82		0.99	RTIUX
PWITX	0.98	0.99	0.94	0.94	0.76	0.99		PWITX
	TOIIX	GIEAX	QLENX	OWFIX	ARTNX	RTIUX	PWITX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Tactical Mutual Fund performing well and Tactical Multi-purpose 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 Tactical Multi-purpose'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
TOIIX	0.62	0.25	0.31	0.42	0.45	(0.70)	1.51	(0.99)	5.44
GIEAX	0.58	0.17	0.22	0.28	0.57	(0.63)	1.34	(1.10)	4.95
QLENX	0.42	0.14	0.27	0.30	0.34	(0.48)	0.81	(0.60)	3.11
OWFIX	0.17	0.02	0.21	1.58	0.00	(0.22)	0.40	(0.30)	1.01
ARTNX	0.59	0.11	0.18	(1.18)	0.61	(0.68)	1.23	(1.14)	3.96
RTIUX	0.58	0.13	0.17	0.21	0.63	(0.64)	1.47	(1.41)	5.02
PWITX	0.57	0.17	0.24	0.31	0.53	(0.61)	1.52	(1.01)	4.93

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