Tax-managed Correlations

Mutual Funds USA . 
Fund . Tax Managed Large Cap
RTMTX Fund  USD 81.42  0.12  0.14%   
The correlation of Tax-managed 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.
  
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Moving together with Tax-managed Mutual Fund

  0.92VTSAX Vanguard Total StockPairCorr
  0.92VFIAX Vanguard 500 IndexPairCorr
  0.92VTSMX Vanguard Total StockPairCorr
  0.92VITSX Vanguard Total StockPairCorr
  0.92VSMPX Vanguard Total StockPairCorr
  0.92VSTSX Vanguard Total StockPairCorr
  0.92VFINX Vanguard 500 IndexPairCorr
  0.92VFFSX Vanguard 500 IndexPairCorr
  0.92VINIX Vanguard InstitutionalPairCorr
  0.92VIIIX Vanguard InstitutionalPairCorr
  0.65PFN Pimco Income StrategyPairCorr
  0.78CIF Mfs Intermediate HighPairCorr
  0.8XPPRX Voya Prime RatePairCorr
  0.7PCF Putnam High IncomePairCorr
  0.7BA Boeing Aggressive PushPairCorr
  0.85HPQ HP Inc Earnings Call This WeekPairCorr
  0.85JPM JPMorgan ChasePairCorr
  0.76HD Home Depot Earnings Call TodayPairCorr
  0.81IBM International BusinessPairCorr
  0.75MMM 3M CompanyPairCorr
  0.74GE GE AerospacePairCorr
  0.89DIS Walt Disney Aggressive PushPairCorr
  0.63MSFT Microsoft Aggressive PushPairCorr
  0.85CSCO Cisco Systems Aggressive PushPairCorr

Moving against Tax-managed Mutual Fund

  0.44KO Coca Cola Sell-off TrendPairCorr
  0.31VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

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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   
ZEMIX
+ 0.99
QTERX
TEOJX
+ 0.94
HLEMX
TEOJX
+ 0.92
QTERX
HLEMX
+ 0.92
ZEMIX
TEOJX
+ 0.91
ZEMIX
HLEMX
+ 0.9
QTERX
  
High negative correlations   
HLEMX
- 0.26
BXECX
ZEMIX
- 0.13
BXECX
BXECX
- 0.06
QTERX

Risk-Adjusted Indicators

There is a big difference between Tax-managed Mutual Fund performing well and Tax-managed 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 Tax-managed'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.

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