Tax Exempt Correlations

TECCX Fund

USD 16.77 0.01 0.06%

The current 90-days correlation between Tax Exempt Fund and Dunham Porategovernment Bond is 0.21 (i.e., Modest diversification). The correlation of Tax Exempt 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.

Tax Exempt Correlation With Market

Significant diversification

The correlation between Tax Exempt Fund Of and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tax Exempt Fund Of 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 Tax Exempt Fund Of. 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 private.

Moving together with Tax Mutual Fund

0.83	AMHIX	American High Income	Pair Corr
0.89	TEBCX	Tax Exempt Bond	Pair Corr
0.89	TECFX	Tax Exempt Fund	Pair Corr
0.71	AMUSX	Us Government Securities	Pair Corr
0.67	ANBEX	American Funds Strategic	Pair Corr
0.68	ANBAX	American Funds Strategic	Pair Corr
0.67	ANFCX	New Economy Fund	Pair Corr
0.68	ANEFX	New Economy Fund	Pair Corr
0.81	ANFFX	New Economy Fund	Pair Corr
0.68	BALFX	American Balanced	Pair Corr
0.61	FAETX	American Funds 2030	Pair Corr

Moving against Tax Mutual Fund

0.36

CWBCX

Capital World Bond

Pair Corr

Related Correlations Analysis

	DNCGX	USGFX	NUSAX	GVTFX	SNGYX	JGBZX	SIGVX	MXGMX
DNCGX		0.88	0.66	0.88	0.88	0.92	0.64	0.91	DNCGX
USGFX	0.88		0.72	1.0	0.95	0.94	0.77	0.95	USGFX
NUSAX	0.66	0.72		0.71	0.79	0.67	0.94	0.7	NUSAX
GVTFX	0.88	1.0	0.71		0.95	0.94	0.76	0.95	GVTFX
SNGYX	0.88	0.95	0.79	0.95		0.93	0.79	0.95	SNGYX
JGBZX	0.92	0.94	0.67	0.94	0.93		0.67	0.99	JGBZX
SIGVX	0.64	0.77	0.94	0.76	0.79	0.67		0.7	SIGVX
MXGMX	0.91	0.95	0.7	0.95	0.95	0.99	0.7		MXGMX
	DNCGX	USGFX	NUSAX	GVTFX	SNGYX	JGBZX	SIGVX	MXGMX

Risk-Adjusted Indicators

There is a big difference between Tax Mutual Fund performing well and Tax Exempt 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 Exempt'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DNCGX	0.14	(0.38)	0.12	0.09	(0.17)	0.32	(0.24)	0.63
USGFX	0.16	(0.29)	0.12	0.12	(0.18)	0.33	(0.25)	0.91
NUSAX	0.02	0.00	0.00	0.00	0.00	0.10	0.00	0.10
GVTFX	0.15	(0.28)	0.11	0.12	(0.19)	0.33	(0.25)	0.91
SNGYX	0.14	(0.35)	0.12	0.00	(0.19)	0.29	(0.19)	0.77
JGBZX	0.16	(0.27)	0.08	0.13	(0.19)	0.31	(0.31)	1.03
SIGVX	0.06	(0.63)	0.31	0.00	(0.14)	0.10	(0.10)	0.51
MXGMX	0.17	(0.27)	0.09	0.13	(0.19)	0.35	(0.35)	0.97

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