Touchstone Flexible Correlations

Mutual Funds . USA . 
Fund . Touchstone Flexible Income
FFSAX Fund  USD 10.40  0.01  0.1%   
The current 90-days correlation between Touchstone Flexible and Mfs Lifetime Retirement is -0.1 (i.e., Good diversification). The correlation of Touchstone Flexible 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.

Touchstone Flexible Correlation With Market

Good diversification

The correlation between Touchstone Flexible Income and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Flexible Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Touchstone Flexible Income. 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 nation.

Moving together with Touchstone Mutual Fund

  0.84TVOYX Touchstone Small CapPairCorr
  0.83TEGAX Mid Cap GrowthPairCorr
  0.81TEGIX Mid Cap GrowthPairCorr
  0.81TEGYX Mid Cap GrowthPairCorr
  0.81SAGWX Sentinel Small PanyPairCorr
  0.72TEQCX Touchstone SustainabilityPairCorr
  0.74TEQAX Touchstone SustainabilityPairCorr
  0.79SSCOX Sentinel Small PanyPairCorr
  0.74TFCCX Touchstone Large CapPairCorr
  0.81SSRRX Sentinel SmallPairCorr
  0.9TFFCX Touchstone FocusedPairCorr
  0.81TFGRX Touchstone Mid CapPairCorr
  0.91TFFIX Touchstone FocusedPairCorr
  0.94SSSGX Sentinel Low DurationPairCorr
  0.91TFFYX Touchstone FocusedPairCorr
  0.93SBACX Sentinel BalancedPairCorr
  0.97FRACX Touchstone FlexiblePairCorr
  0.9TFOAX Touchstone FocusedPairCorr
  0.97TFSLX Touchstone FlexiblePairCorr
  0.9CFSIX Touchstone Sands CapitalPairCorr
  0.93TGVCX Growth OpportunitiesPairCorr
  0.93TGVFX Growth OpportunitiesPairCorr
  0.93TGVYX Growth OpportunitiesPairCorr
  0.93TGVVX Growth OpportunitiesPairCorr
  0.92SCRLX Sentinel Mon StockPairCorr
  0.91SCSCX Sentinel Mon StockPairCorr
  0.95THIYX High Yield FundPairCorr
  0.93THYCX High Yield FundPairCorr
  0.95THYAX High Yield FundPairCorr
  0.95THYYX High Yield FundPairCorr
  0.81TICSX Touchstone Small PanyPairCorr
  0.94SEBLX Sentinel BalancedPairCorr
  0.99TIMPX Touchstone FundsPairCorr
  0.74TIQIX Touchstone SustainabilityPairCorr
  0.91SENCX Sentinel Mon StockPairCorr
  0.91SWFCX Sentinel InternationalPairCorr
  0.91SWRLX Sentinel InternationalPairCorr
  0.9CISGX Touchstone Sands CapitalPairCorr
  0.77TLCIX Touchstone Large CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Flexible 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 Touchstone Flexible'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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