Touchstone Funds Correlations

Mutual Funds . USA . 
Fund . Touchstone Funds Group
TIMPX Fund  USD 9.10  0.01  0.11%   
The current 90-days correlation between Touchstone Funds and Touchstone Small Cap is -0.04 (i.e., Good diversification). The correlation of Touchstone Funds 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 Funds Correlation With Market

Significant diversification

The correlation between Touchstone Funds Group and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Funds Group 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 Funds Group. 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 metropolitan statistical area.

Moving together with Touchstone Mutual Fund

  0.78TVOYX Touchstone Small CapPairCorr
  0.73TEGAX Mid Cap GrowthPairCorr
  0.73TEGIX Mid Cap GrowthPairCorr
  0.73TEGYX Mid Cap GrowthPairCorr
  0.73SAGWX Sentinel Small PanyPairCorr
  0.64TEQCX Touchstone SustainabilityPairCorr
  0.66TEQAX Touchstone SustainabilityPairCorr
  0.72SSCOX Sentinel Small PanyPairCorr
  0.66TFCCX Touchstone Large CapPairCorr
  0.75SSRRX Sentinel SmallPairCorr
  0.81TFFCX Touchstone FocusedPairCorr
  0.73TFGRX Touchstone Mid CapPairCorr
  0.83TFFIX Touchstone FocusedPairCorr
  0.89SSSGX Sentinel Low DurationPairCorr
  0.83TFFYX Touchstone FocusedPairCorr
  0.87SBACX Sentinel BalancedPairCorr
  0.95FRACX Touchstone FlexiblePairCorr
  0.81TFOAX Touchstone FocusedPairCorr
  0.95TFSLX Touchstone FlexiblePairCorr
  0.82CFSIX Touchstone Sands CapitalPairCorr
  0.86TGVCX Growth OpportunitiesPairCorr
  0.86TGVFX Growth OpportunitiesPairCorr
  0.87TGVYX Growth OpportunitiesPairCorr
  0.87TGVVX Growth OpportunitiesPairCorr
  0.84SCRLX Sentinel Mon StockPairCorr
  0.83SCSCX Sentinel Mon StockPairCorr
  0.89THIYX High Yield FundPairCorr
  0.87THYCX High Yield FundPairCorr
  0.9THYAX High Yield FundPairCorr
  0.89THYYX High Yield FundPairCorr
  0.75TICSX Touchstone Small PanyPairCorr
  0.86SEBLX Sentinel BalancedPairCorr
  0.71TIQIX Touchstone SustainabilityPairCorr
  0.83SENCX Sentinel Mon StockPairCorr
  0.84SWFCX Sentinel InternationalPairCorr
  0.85SWRLX Sentinel InternationalPairCorr
  0.83CISGX Touchstone Sands CapitalPairCorr
  0.7TLCIX Touchstone Large CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Funds 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 Funds' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TVOYX  0.74  0.03  0.06  0.13  0.69 
(0.89)
 1.89 
(1.38)
 4.20 
TEGCX  0.60 (0.06)(0.13) 0.03  0.63 
(0.71)
 1.33 
(1.13)
 3.90 
TEGAX  0.73  0.16  0.02 (0.43) 0.63 
(0.84)
 1.53 
(1.24)
 4.05 
TEGIX  0.72  0.02  0.00  0.14  0.62 
(0.81)
 1.53 
(1.22)
 4.06 
TEGYX  0.72  0.02  0.00  0.14  0.62 
(0.81)
 1.54 
(1.22)
 4.06 
SAGWX  0.70  0.14  0.01 (0.69) 0.71 
(0.86)
 1.68 
(1.49)
 3.71 
TEQCX  0.62  0.06 (0.09)(0.24) 0.63 
(0.67)
 1.63 
(1.14)
 3.29 
TEQAX  0.62  0.07 (0.09)(0.26) 0.63 
(0.68)
 1.62 
(1.11)
 3.30 
SSCOX  0.73  0.15  0.01 (0.57) 0.72 
(0.88)
 1.73 
(1.50)
 3.64 
TFCCX  0.51  0.08 (0.05)(1.86) 0.57 
(0.56)
 1.07 
(1.12)
 2.49 

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