Total Income Correlations

TIPWX Fund

USD 27.36 0.01 0.04%

The current 90-days correlation between Total Income Real and Gamco Natural Resources is 0.11 (i.e., Average diversification). The correlation of Total Income 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.

Total Income Correlation With Market

Average diversification

The correlation between Total Income Real and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Income Real 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 Total Income Real. 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 housing.

Moving together with Total Mutual Fund

0.78	VGTSX	Vanguard Total Inter	Pair Corr
0.79	VTIAX	Vanguard Total Inter	Pair Corr
0.89	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.95	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.97	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.63	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.92	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Total Mutual Fund

0.92	MEGIX	Msvif Growth Port	Pair Corr
0.86	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VTSMX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.85	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VFINX	Vanguard 500 Index	Pair Corr
0.84	BSDAX	Blackrock Smid Cap	Pair Corr
0.78	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VFFSX	Vanguard 500 Index	Pair Corr
0.75	CGSAX	Columbia Growth 529	Pair Corr
0.74	ELFNX	Elfun Trusts Elfun	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.87	DIS	Walt Disney	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	WMT	Walmart	Pair Corr
0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.51	HD	Home Depot	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	XGNTX	SBMBX	PEO	FRNRX	IEFCX	ENPSX
XGNTX		0.47	-0.18	0.08	-0.37	-0.44	XGNTX
SBMBX	0.47		0.65	0.84	0.51	0.46	SBMBX
PEO	-0.18	0.65		0.91	0.94	0.88	PEO
FRNRX	0.08	0.84	0.91		0.87	0.8	FRNRX
IEFCX	-0.37	0.51	0.94	0.87		0.94	IEFCX
ENPSX	-0.44	0.46	0.88	0.8	0.94		ENPSX
	XGNTX	SBMBX	PEO	FRNRX	IEFCX	ENPSX

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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

IEFCX	+ 0.94	PEO
ENPSX	+ 0.94	IEFCX
FRNRX	+ 0.91	PEO
ENPSX	+ 0.88	PEO
IEFCX	+ 0.87	FRNRX
FRNRX	+ 0.84	SBMBX

High negative correlations

ENPSX	- 0.44	XGNTX
IEFCX	- 0.37	XGNTX
PEO	- 0.18	XGNTX

Risk-Adjusted Indicators

There is a big difference between Total Mutual Fund performing well and Total Income 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 Total Income'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
XGNTX	0.55	(0.05)	0.00	(0.23)	0.00	0.00	1.23	(1.38)	3.27
SBMBX	0.70	(0.09)	0.00	(0.13)	0.00	0.00	1.34	(1.49)	3.99
PEO	0.72	0.02	(0.03)	0.13	0.94	(0.73)	1.63	(1.59)	4.73
FRNRX	0.73	(0.01)	(0.06)	0.07	0.94	(0.75)	1.58	(1.57)	4.12
IEFCX	0.81	0.05	0.00	0.22	1.07	(0.76)	1.64	(1.84)	5.20
ENPSX	1.26	0.02	0.00	0.12	1.77	(1.32)	2.58	(3.15)	9.31

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