Touchstone Mid Correlations

TMAPX Fund

USD 56.23 0.52 0.92%

The current 90-days correlation between Touchstone Mid Cap and Blackrock Emerging Markets is 0.04 (i.e., Significant diversification). The correlation of Touchstone Mid 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 Mid Correlation With Market

Poor diversification

The correlation between Touchstone Mid Cap and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Mid 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 Mid 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 state.

Moving together with Touchstone Mutual Fund

0.63	SSRRX	Sentinel Small	Pair Corr
0.87	TFFCX	Touchstone Focused	Pair Corr
0.62	TFGRX	Touchstone Mid Cap	Pair Corr
0.87	TFFIX	Touchstone Focused	Pair Corr
0.7	SBACX	Sentinel Balanced	Pair Corr
0.65	TFSLX	Touchstone Flexible	Pair Corr
0.78	CFSIX	Touchstone Sands Capital	Pair Corr
0.66	TGVYX	Growth Opportunities	Pair Corr
0.72	SCRLX	Sentinel Mon Stock	Pair Corr
0.72	THIYX	High Yield Fund	Pair Corr
0.86	THYCX	High Yield Fund	Pair Corr
0.84	THYYX	High Yield Fund	Pair Corr
0.77	TICSX	Touchstone Small Pany	Pair Corr
0.62	SWFCX	Sentinel International	Pair Corr
0.75	TLCIX	Touchstone Large Cap	Pair Corr

Related Correlations Analysis

	MKDCX	FGWMX	LIGFX	EPASX	DBELX	FEMDX
MKDCX		0.91	0.92	0.94	0.96	0.93	MKDCX
FGWMX	0.91		0.98	0.94	0.94	1.0	FGWMX
LIGFX	0.92	0.98		0.93	0.95	0.98	LIGFX
EPASX	0.94	0.94	0.93		0.94	0.95	EPASX
DBELX	0.96	0.94	0.95	0.94		0.95	DBELX
FEMDX	0.93	1.0	0.98	0.95	0.95		FEMDX
	MKDCX	FGWMX	LIGFX	EPASX	DBELX	FEMDX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Mid 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 Mid'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
MKDCX	0.54	0.12	0.01	11.87	0.41	(0.62)	1.32	(1.28)	4.07
FGWMX	0.17	0.08	(0.22)	(1.68)	0.00	(0.23)	0.45	(0.23)	0.93
LIGFX	0.21	0.04	(0.17)	0.25	0.00	(0.27)	0.66	(0.36)	1.36
EPASX	0.45	0.16	0.08	22.60	0.26	(0.54)	1.20	(0.85)	2.82
DBELX	0.28	0.07	(0.12)	0.83	0.00	(0.36)	0.66	(0.34)	1.75
FEMDX	0.14	0.08	(0.27)	(2.23)	0.00	(0.21)	0.40	(0.17)	0.91

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Touchstone Mid Correlations

Touchstone Mid Correlation With Market

Poor diversification

Moving together with Touchstone Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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