Taiwan Closed Correlations

TWN Fund

USD 56.07 0.23 0.41%

The current 90-days correlation between Taiwan Closed and Oklahoma College Savings is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Taiwan Closed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taiwan Closed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Taiwan Closed Correlation With Market

Modest diversification

The correlation between Taiwan Closed and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taiwan Closed 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 Taiwan Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Taiwan Fund

0.8	CHI	Calamos Convertible	Pair Corr
0.63	CSQ	Calamos Strategic Total	Pair Corr
0.87	CHY	Calamos Convertible And	Pair Corr
0.67	STFGX	State Farm Growth	Pair Corr
0.68	ACCHX	Invesco Porate Bond	Pair Corr
0.89	TILIX	Tiaa-cref Large-cap	Pair Corr
0.84	TADAX	Transamerica Growth	Pair Corr
0.82	FLTNX	Franklin Lifesmart 2055	Pair Corr
0.71	PJFQX	Prudential Jennison	Pair Corr
0.69	PNOPX	Putnam Multi Cap	Pair Corr
0.61	RYTTX	Sp 500 2x	Pair Corr
0.88	NDXKX	Nasdaq 100 Index	Pair Corr
0.87	CDHAX	Calvert Developed Market	Pair Corr
0.73	SHIEX	Catalyst/exceed Defined	Pair Corr
0.86	GEMNX	Gmo Emerging Markets	Pair Corr
0.66	SLWGX	Slow Capital Growth	Pair Corr
0.83	UTVTX	My529 Total Stock	Pair Corr
0.69	VWENX	Vanguard Wellington	Pair Corr
0.88	APDEX	Artisan Sustainable	Pair Corr

Related Correlations Analysis

	FODJX	ABRTX	SWSFX	ARTNX	LMUSX	SMPSX	TROZX
FODJX		0.48	0.76	0.89	0.73	0.4	0.87	FODJX
ABRTX	0.48		0.67	0.72	0.81	0.9	0.63	ABRTX
SWSFX	0.76	0.67		0.85	0.74	0.67	0.75	SWSFX
ARTNX	0.89	0.72	0.85		0.9	0.65	0.91	ARTNX
LMUSX	0.73	0.81	0.74	0.9		0.82	0.86	LMUSX
SMPSX	0.4	0.9	0.67	0.65	0.82		0.6	SMPSX
TROZX	0.87	0.63	0.75	0.91	0.86	0.6		TROZX
	FODJX	ABRTX	SWSFX	ARTNX	LMUSX	SMPSX	TROZX

Risk-Adjusted Indicators

There is a big difference between Taiwan Fund performing well and Taiwan Closed 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 Taiwan Closed'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
FODJX	0.49	0.00	(0.04)	0.06	0.49	(0.57)	1.13	(0.77)	3.03
ABRTX	0.43	0.02	(0.02)	0.12	0.60	(0.43)	0.99	(1.07)	3.81
SWSFX	0.05	0.01	(0.59)	1.01	0.00	(0.19)	0.10	(0.10)	0.49
ARTNX	0.53	0.04	0.04	0.11	0.57	(0.55)	1.22	(0.97)	3.81
LMUSX	0.54	0.03	0.02	0.10	0.76	(0.50)	1.25	(1.38)	3.58
SMPSX	2.28	0.24	0.09	0.20	2.96	(2.40)	6.53	(5.47)	14.78
TROZX	0.55	0.04	0.03	0.12	0.60	(0.59)	1.16	(1.04)	3.09

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Taiwan Closed Correlations

Taiwan Closed Correlation With Market

Modest diversification

Moving together with Taiwan Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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