Tcw Core Correlations

TGFNX Fund

USD 9.71 0.01 0.10%

The current 90-days correlation between Tcw E Fixed and Pear Tree Polaris is 0.29 (i.e., Modest diversification). The correlation of Tcw Core 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.

Tcw Core Correlation With Market

Good diversification

The correlation between Tcw E Fixed and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw E Fixed 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 Tcw E Fixed. 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 board of governors.

Moving together with Tcw Mutual Fund

1.0	TGCFX	Tcw E Fixed	Pair Corr
1.0	TGCPX	Tcw Core Fixed	Pair Corr
0.98	TGGBX	Tcw Global Bond	Pair Corr
0.98	TGGFX	Tcw Global Bond	Pair Corr
1.0	TGLSX	Tcw Total Return	Pair Corr
1.0	TGMNX	Tcw Total Return	Pair Corr
1.0	TGLMX	Tcw Total Return	Pair Corr
0.88	TGREX	Tcw Global Real	Pair Corr
0.88	TGRYX	Tcw Global Real	Pair Corr
0.88	TGWIX	Tcw Emerging Markets	Pair Corr
0.87	TGWNX	Tcw Emerging Markets	Pair Corr
0.99	VBTLX	Vanguard Total Bond	Pair Corr
0.99	VBMFX	Vanguard Total Bond	Pair Corr
0.99	VBTIX	Vanguard Total Bond	Pair Corr
0.99	VTBSX	Vanguard Total Bond	Pair Corr
0.99	VTBIX	Vanguard Total Bond	Pair Corr
0.99	VTBNX	Vanguard Total Bond	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
1.0	BFACX	Bond Fund	Pair Corr

Moving against Tcw Mutual Fund

0.8	TGCEX	Tcw Select Equities	Pair Corr
0.8	TGCNX	Tcw Select Equities	Pair Corr
0.71	TGDIX	Tcw Relative Value	Pair Corr
0.71	TGDVX	Tcw Relative Value	Pair Corr
0.61	TGHYX	Tcw High Yield	Pair Corr
0.81	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.81	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.78	SMPSX	Semiconductor Ultrasector	Pair Corr
0.78	SMPIX	Semiconductor Ultrasector	Pair Corr
0.71	RSNYX	Victory Global Natural	Pair Corr
0.67	TGVNX	Tcw Relative Value	Pair Corr
0.67	TGVOX	Tcw Relative Value	Pair Corr

Related Correlations Analysis

	QFVOX	PAXHX	TGMNX	BAGSX	TGIGX
QFVOX		-0.04	0.76	0.75	0.0	QFVOX
PAXHX	-0.04		0.07	0.12	0.0	PAXHX
TGMNX	0.76	0.07		1.0	0.0	TGMNX
BAGSX	0.75	0.12	1.0		0.0	BAGSX
TGIGX	0.0	0.0	0.0	0.0		TGIGX
	QFVOX	PAXHX	TGMNX	BAGSX	TGIGX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BAGSX	+ 1.0	TGMNX
TGMNX	+ 0.76	QFVOX
BAGSX	+ 0.75	QFVOX
BAGSX	+ 0.12	PAXHX
TGMNX	+ 0.07	PAXHX
TGIGX	+ 0.0	QFVOX

High negative correlations

PAXHX	- 0.04	QFVOX
TGIGX	- 0.0	BAGSX
TGIGX	- 0.0	TGMNX
TGIGX	- 0.0	PAXHX
TGIGX	- 0.0	QFVOX

Risk-Adjusted Indicators

There is a big difference between Tcw Mutual Fund performing well and Tcw Core 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 Tcw Core'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
QFVOX	0.59	(0.15)	0.00	(0.32)	0.00	1.31	(1.48)	3.35
PAXHX	0.12	0.01	(0.52)	0.25	(0.21)	0.33	(0.17)	0.83
TGMNX	0.28	(0.03)	0.00	0.63	0.00	0.60	(0.85)	1.86
BAGSX	0.23	(0.01)	0.00	0.31	0.00	0.49	(0.58)	1.28
TGIGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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