Tweedy Browne Correlations

TWEBX Fund

USD 19.31 0.02 0.10%

The current 90-days correlation between Tweedy Browne Value and Tweedy Browne Global is 0.88 (i.e., Very poor diversification). The correlation of Tweedy Browne 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.

Tweedy Browne Correlation With Market

Poor diversification

The correlation between Tweedy Browne Value and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tweedy Browne Value 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 Tweedy Browne Value. 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 bureau of labor statistics.

Moving together with Tweedy Mutual Fund

0.9	TBCUX	Tweedy Browne Global	Pair Corr
0.97	TBGVX	Tweedy Browne Global	Pair Corr
0.91	TBHDX	Tweedy Browne Worldwide	Pair Corr
0.72	TEDRX	Franklin Mutual Global	Pair Corr
0.69	FMDRX	Franklin Mutual Global	Pair Corr
0.71	TEDIX	Franklin Mutual Global	Pair Corr
0.69	MDISX	Franklin Mutual Global	Pair Corr
0.74	TEDSX	Franklin Mutual Global	Pair Corr

Moving against Tweedy Mutual Fund

0.43	AMEIX	Equity Growth	Pair Corr
0.64	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.64	GUMPX	Guggenheim Market Neutral	Pair Corr
0.64	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.56	FSRBX	Banking Portfolio Banking	Pair Corr
0.55	TEGYX	Mid Cap Growth	Pair Corr
0.52	WCPSX	Mobile Telecommunicatio	Pair Corr
0.51	MUSDX	Us Real Estate	Pair Corr
0.46	SDGTX	Deutsche Capital Growth	Pair Corr
0.43	CPLIX	Calamos Phineus Longshort	Pair Corr
0.43	NAESX	Vanguard Small Cap	Pair Corr
0.41	LGPIX	Large Cap Growth	Pair Corr
0.4	WCEYX	Ivy E Equity	Pair Corr
0.4	VSEQX	Vanguard Strategic Equity	Pair Corr
0.4	PWTAX	Ubs Allocation	Pair Corr

Related Correlations Analysis

	TWEBX	TBCUX	TBGVX	TBHDX	GAB	MIEYX	TASMX	NTDAX	SPXUX	SBI
TWEBX		0.9	0.97	0.91	-0.39	-0.41	-0.3	-0.15	-0.45	0.09	TWEBX
TBCUX	0.9		0.94	0.99	-0.6	-0.7	-0.62	-0.46	-0.73	0.16	TBCUX
TBGVX	0.97	0.94		0.95	-0.48	-0.47	-0.42	-0.21	-0.51	0.18	TBGVX
TBHDX	0.91	0.99	0.95		-0.55	-0.65	-0.57	-0.41	-0.69	0.24	TBHDX
GAB	-0.39	-0.6	-0.48	-0.55		0.76	0.88	0.73	0.77	0.21	GAB
MIEYX	-0.41	-0.7	-0.47	-0.65	0.76		0.85	0.95	1.0	0.13	MIEYX
TASMX	-0.3	-0.62	-0.42	-0.57	0.88	0.85		0.81	0.86	0.07	TASMX
NTDAX	-0.15	-0.46	-0.21	-0.41	0.73	0.95	0.81		0.93	0.26	NTDAX
SPXUX	-0.45	-0.73	-0.51	-0.69	0.77	1.0	0.86	0.93		0.11	SPXUX
SBI	0.09	0.16	0.18	0.24	0.21	0.13	0.07	0.26	0.11		SBI
	TWEBX	TBCUX	TBGVX	TBHDX	GAB	MIEYX	TASMX	NTDAX	SPXUX	SBI

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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

SPXUX	+ 1.0	MIEYX
TBHDX	+ 0.99	TBCUX
TBGVX	+ 0.97	TWEBX
TBHDX	+ 0.95	TBGVX
NTDAX	+ 0.95	MIEYX
TBGVX	+ 0.94	TBCUX

High negative correlations

SPXUX	- 0.73	TBCUX
MIEYX	- 0.7	TBCUX
SPXUX	- 0.69	TBHDX
MIEYX	- 0.65	TBHDX
TASMX	- 0.62	TBCUX
GAB	- 0.6	TBCUX

Risk-Adjusted Indicators

There is a big difference between Tweedy Mutual Fund performing well and Tweedy Browne 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 Tweedy Browne'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
TWEBX	0.48	(0.12)	0.00	(0.12)	0.00	0.00	0.81	(1.31)	2.86
TBCUX	0.50	(0.17)	0.00	(0.34)	0.00	0.00	1.03	(1.05)	3.55
TBGVX	0.45	(0.12)	0.00	(0.18)	0.00	0.00	0.89	(1.14)	3.00
TBHDX	0.48	(0.14)	0.00	(0.22)	0.00	0.00	0.98	(1.13)	2.70
GAB	0.64	0.11	(0.02)	(1.85)	0.79	(0.66)	1.25	(1.29)	3.28
MIEYX	0.55	0.00	(0.03)	0.11	0.67	(0.62)	1.12	(1.34)	3.87
TASMX	0.65	0.06	(0.06)	0.73	0.61	(0.75)	1.28	(1.15)	4.88
NTDAX	0.50	(0.03)	(0.10)	0.07	0.64	(0.52)	0.99	(0.91)	2.86
SPXUX	0.57	0.01	(0.01)	0.13	0.65	(0.65)	1.22	(1.35)	3.95
SBI	0.32	0.03	(0.19)	(0.65)	0.35	(0.39)	0.63	(0.61)	2.50

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