Nt Non-us Correlations

Mutual Funds USA . 
Fund . Nt Non US Intrinsic
ANTGX Fund  USD 10.40  0.06  0.58%   
The current 90-days correlation between Nt Non Intrinsic and Mid Cap Value is -0.04 (i.e., Good diversification). The correlation of Nt Non-us 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.

Nt Non-us Correlation With Market

Very weak diversification

The correlation between Nt Non US Intrinsic and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nt Non US Intrinsic and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nt Non US Intrinsic. 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 price.

Moving together with ANTGX Mutual Fund

  0.93AMDVX Mid Cap ValuePairCorr
  0.98AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.68CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.66TWACX Short Term GovernmentPairCorr
  0.96TWADX Value Fund APairCorr
  0.97TWCCX Ultra Fund CPairCorr
  0.96TWCAX Select Fund APairCorr
  0.96TWCIX Select Fund InvestorPairCorr
  0.97TWCGX Growth Fund InvestorPairCorr
  0.71TWARX Short Term GovernmentPairCorr
  0.77TWAVX Short Term GovernmentPairCorr
  0.93AMVYX Mid Cap ValuePairCorr
  0.94AMVRX Mid Cap ValuePairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.94AMVGX Mid Cap ValuePairCorr
  0.94TWEAX Equity IncomePairCorr
  0.94TWEIX Equity IncomePairCorr
  0.97TWCUX Ultra Fund InvestorPairCorr
  0.91TWGAX International GrowthPairCorr
  0.98TWGIX Growth Fund IPairCorr
  0.97TWGGX Global GrowthPairCorr
  0.92TWIEX International GrowthPairCorr
  0.96TWHIX Heritage Fund InvestorPairCorr
  0.98TWMIX Emerging MarketsPairCorr
  0.97TWRCX Growth Fund CPairCorr
  0.84TWTCX Intermediate Term TaxPairCorr
  0.87TWTIX Intermediate Term TaxPairCorr
  0.99TWSCX Strategic Allocation:PairCorr
  0.99TWSAX Strategic Allocation:PairCorr
  0.99TWSMX Strategic Allocation:PairCorr
  0.96TWSIX Select Fund IPairCorr
  0.78TWUSX Short Term GovernmentPairCorr
  0.97TWVLX Value Fund InvestorPairCorr
  0.96TWUAX Ultra Fund APairCorr
  0.97TWUIX Ultra Fund IPairCorr
  0.77TWUOX Short Term GovernmentPairCorr
  0.87TWWOX Intermediate Term TaxPairCorr
  0.98NPHIX High Income FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ANTGX Mutual Fund performing well and Nt Non-us 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 Nt Non-us' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.70  0.13 (0.03)(1.02) 0.76 
(0.74)
 1.96 
(1.39)
 4.36 
AMEIX  0.66  0.12  0.12  0.26  0.56 
(0.73)
 2.06 
(1.41)
 5.23 
AMGIX  0.62  0.16  0.01 (1.14) 0.58 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.26  0.01 (0.34) 3.69  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.54  0.26  0.19  37.62  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.09  0.00 (0.91) 0.15  0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.65  0.14 (0.02)(0.98) 0.64 
(0.74)
 1.63 
(1.08)
 3.73 
TWCCX  0.85  0.13  0.13  0.27  0.75 
(0.93)
 2.46 
(1.34)
 6.00 
TWCAX  0.85  0.29  0.13 (3.45) 0.73 
(1.00)
 2.56 
(1.36)
 6.01 
TWCIX  0.85  0.29  0.13 (3.44) 0.73 
(0.98)
 2.56 
(1.36)
 6.01 

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