Touchstone Large Correlations

TFCCX Fund

USD 19.83 0.34 1.74%

The current 90-days correlation between Touchstone Large Cap and Financials Ultrasector Profund is 0.72 (i.e., Poor diversification). The correlation of Touchstone Large 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 Large Correlation With Market

Poor diversification

The correlation between Touchstone Large Cap and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Large Cap 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 Touchstone Large Cap. 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 Touchstone Mutual Fund

0.64

Home Depot

Pair Corr

Moving against Touchstone Mutual Fund

0.44	SMPSX	Semiconductor Ultrasector	Pair Corr
0.37	SMPIX	Semiconductor Ultrasector	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.59	KO	Coca Cola Aggressive Push	Pair Corr
0.49	DD	Dupont De Nemours	Pair Corr
0.46	JNJ	Johnson Johnson	Pair Corr
0.44	MMM	3M Company	Pair Corr
0.41	MRK	Merck Company Aggressive Push	Pair Corr
0.38	GPICX	Guidepath Conservative	Pair Corr
0.36	AXP	American Express	Pair Corr
0.32	IBM	International Business	Pair Corr

Related Correlations Analysis

	FNPIX	MCBXX	FTIXX	SBFAX	RMBLX	PSSRX
FNPIX		0.0	0.0	0.84	0.72	0.94	FNPIX
MCBXX	0.0		0.0	0.0	0.0	0.0	MCBXX
FTIXX	0.0	0.0		0.0	0.0	0.0	FTIXX
SBFAX	0.84	0.0	0.0		0.71	0.87	SBFAX
RMBLX	0.72	0.0	0.0	0.71		0.85	RMBLX
PSSRX	0.94	0.0	0.0	0.87	0.85		PSSRX
	FNPIX	MCBXX	FTIXX	SBFAX	RMBLX	PSSRX

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

PSSRX	+ 0.94	FNPIX
PSSRX	+ 0.87	SBFAX
PSSRX	+ 0.85	RMBLX
SBFAX	+ 0.84	FNPIX
RMBLX	+ 0.72	FNPIX
RMBLX	+ 0.71	SBFAX

High negative correlations

PSSRX	- 0.0	FTIXX
RMBLX	- 0.0	FTIXX
SBFAX	- 0.0	FTIXX
PSSRX	- 0.0	MCBXX
RMBLX	- 0.0	MCBXX
SBFAX	- 0.0	MCBXX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Large 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 Large'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FNPIX	0.94	(0.11)	(0.06)	1.63	(2.71)	6.62
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00
SBFAX	0.66	(0.07)	(20.67)	1.36	(1.77)	5.79
RMBLX	0.93	(0.04)	(0.02)	2.47	(1.59)	7.69
PSSRX	0.69	(0.10)	(0.07)	1.26	(1.74)	5.14

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