Taiwan Closed Correlations

TWN Fund

USD 35.36 0.66 1.90%

The current 90-days correlation between Taiwan Closed and Mexico Closed is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Taiwan Closed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taiwan Closed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Taiwan Closed Correlation With Market

Modest diversification

The correlation between Taiwan Closed and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taiwan Closed 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 Taiwan Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving against Taiwan Fund

0.82	ASBFX	Short Term Bond	Pair Corr
0.78	FLRRX	Franklin Low Duration	Pair Corr
0.78	SNGYX	Sit Government Securities	Pair Corr
0.75	MSPHX	Massmutual Select Total	Pair Corr
0.75	PDINX	Putnam Diversified Income	Pair Corr
0.73	NECRX	Loomis Sayles E	Pair Corr
0.68	JSEAX	Jpmorgan International	Pair Corr
0.64	XSWZX	Swiss Helvetia	Pair Corr
0.61	NWJJX	Nationwide Highmark Bond	Pair Corr
0.58	CCLFX	Cliffwater Corporate	Pair Corr
0.58	REMVX	Rbc Emerging Markets	Pair Corr
0.57	NHS	Neuberger Berman High	Pair Corr
0.46	CKKRX	Columbia Income Builder	Pair Corr
0.43	RBBCX	Columbia Income Builder	Pair Corr
0.43	TIDDX	T Rowe Price	Pair Corr
0.42	FHYIX	Franklin High Yield	Pair Corr
0.41	WCCFX	Wealthbuilder Conservative	Pair Corr
0.37	CBURX	Columbia Income Builder	Pair Corr
0.33	JTOIX	Multimanager Lifestyle	Pair Corr
0.33	PCCFX	Prudential Income Builder	Pair Corr
0.84	RYUHX	Inverse Sp 500 Potential Growth	Pair Corr
0.79	WATCX	Western Asset Interm	Pair Corr
0.76	IIBAX	Voya Intermediate Bond	Pair Corr
0.74	UTDIX	My529 International Value	Pair Corr
0.66	FXIDX	Fixed Income Shares	Pair Corr
0.66	TEDPX	Tiaa Cref Emerging	Pair Corr
0.65	PUGCX	Putnam Global Equity	Pair Corr
0.61	GIGGX	Deutsche Gnma	Pair Corr
0.53	MINFX	Mfs International Value	Pair Corr
0.52	OWCIX	Old Westbury Credit	Pair Corr
0.51	DURIX	Deutsche European Equity	Pair Corr
0.5	NHIEX	Neuberger Berman Income	Pair Corr
0.48	MCTAX	Massmutual Retiresmart	Pair Corr
0.45	RIRFX	Capital Income Builder	Pair Corr
0.4	MNCIX	Pro-blend(r) Conservative	Pair Corr

Related Correlations Analysis

	MXF	NXG	CEE	JOF	MCR	EEA	JEQ	KF	SWZ	GF
MXF		0.42	0.9	0.79	0.58	0.9	0.68	0.85	0.78	0.79	MXF
NXG	0.42		0.54	0.36	0.68	0.45	0.28	0.61	0.68	0.3	NXG
CEE	0.9	0.54		0.82	0.64	0.93	0.64	0.91	0.91	0.81	CEE
JOF	0.79	0.36	0.82		0.36	0.86	0.87	0.73	0.73	0.94	JOF
MCR	0.58	0.68	0.64	0.36		0.57	0.13	0.61	0.7	0.29	MCR
EEA	0.9	0.45	0.93	0.86	0.57		0.7	0.85	0.9	0.91	EEA
JEQ	0.68	0.28	0.64	0.87	0.13	0.7		0.59	0.56	0.88	JEQ
KF	0.85	0.61	0.91	0.73	0.61	0.85	0.59		0.85	0.73	KF
SWZ	0.78	0.68	0.91	0.73	0.7	0.9	0.56	0.85		0.76	SWZ
GF	0.79	0.3	0.81	0.94	0.29	0.91	0.88	0.73	0.76		GF
	MXF	NXG	CEE	JOF	MCR	EEA	JEQ	KF	SWZ	GF

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Risk-Adjusted Indicators

There is a big difference between Taiwan Fund performing well and Taiwan Closed 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 Taiwan Closed'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
MXF	1.07	0.11	0.11	0.22	1.32	(1.04)	2.49	(2.03)	5.85
NXG	1.60	0.10	0.06	0.52	2.73	(1.48)	3.26	(4.66)	13.35
CEE	2.15	0.46	0.18	0.75	2.41	(2.36)	5.96	(3.67)	20.37
JOF	0.76	0.16	0.25	0.45	0.67	(0.86)	1.83	(1.29)	3.72
MCR	0.40	0.00	0.00	(0.06)	0.00	0.00	0.66	(0.94)	3.88
EEA	0.66	0.16	0.20	0.31	0.78	(0.74)	1.47	(1.32)	5.11
JEQ	0.82	0.24	0.28	0.67	0.78	(0.98)	1.36	(1.22)	8.02
KF	0.93	0.16	0.17	0.20	1.00	(1.03)	2.36	(1.84)	5.73
SWZ	0.81	0.26	0.34	0.46	0.58	(1.02)	1.92	(1.39)	7.18
GF	0.98	0.42	0.36	0.56	0.78	(1.18)	2.80	(1.56)	7.35

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Taiwan Closed Correlations

Taiwan Closed Correlation With Market

Modest diversification

Moving against Taiwan Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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