Touchstone Mid Correlations

TMCTX Fund

USD 57.62 0.41 0.72%

The current 90-days correlation between Touchstone Mid Cap and Principal Capital Appreciation is 0.26 (i.e., Modest 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 0.67 (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 real.

Moving together with Touchstone Mutual Fund

0.64	TVOYX	Touchstone Small Cap	Pair Corr
0.78	TEGAX	Mid Cap Growth	Pair Corr
0.77	TEGIX	Mid Cap Growth	Pair Corr
0.88	TEGYX	Mid Cap Growth	Pair Corr
0.84	SAGWX	Sentinel Small Pany	Pair Corr
0.8	TEQAX	Touchstone Sustainability	Pair Corr
0.85	TFCCX	Touchstone Large Cap	Pair Corr
0.8	TFFCX	Touchstone Focused	Pair Corr
0.83	SBACX	Sentinel Balanced	Pair Corr
0.77	SCRLX	Sentinel Mon Stock	Pair Corr
0.77	SCSCX	Sentinel Mon Stock	Pair Corr
0.79	THYCX	High Yield Fund	Pair Corr
0.93	SEBLX	Sentinel Balanced	Pair Corr
0.92	TIQIX	Touchstone Sustainability	Pair Corr
0.77	SENCX	Sentinel Mon Stock	Pair Corr
0.85	SWFCX	Sentinel International	Pair Corr
0.85	SWRLX	Sentinel International	Pair Corr
0.89	TLCIX	Touchstone Large Cap	Pair Corr
1.0	TMAPX	Touchstone Mid Cap	Pair Corr
0.9	TMCPX	Touchstone Mid Cap	Pair Corr
0.94	SIBLX	Sentinel Balanced	Pair Corr
0.89	SICWX	Sentinel Mon Stock	Pair Corr
0.99	SIGWX	Sentinel Small Pany	Pair Corr
0.92	SIIEX	Sentinel International	Pair Corr
0.77	TOECX	Mid Cap Growth	Pair Corr
0.68	TOIIX	Touchstone International	Pair Corr
0.92	TROCX	Touchstone Sustainability	Pair Corr
0.84	TACLX	Touchstone Large Cap	Pair Corr
0.71	TSDCX	Touchstone Ultra Short	Pair Corr
0.63	TSDAX	Touchstone Ultra Short	Pair Corr

Related Correlations Analysis

	CMNWX	GSSIX	PRIJX	STLYX	TMLCX	FEGOX	SGGDX	BALPX	HQIAX	HQIYX
CMNWX		0.81	0.79	0.79	0.79	0.63	0.63	0.79	0.69	0.68	CMNWX
GSSIX	0.81		0.62	0.79	0.79	0.74	0.75	0.91	0.84	0.83	GSSIX
PRIJX	0.79	0.62		0.74	0.69	0.36	0.36	0.62	0.52	0.52	PRIJX
STLYX	0.79	0.79	0.74		0.85	0.61	0.61	0.74	0.8	0.78	STLYX
TMLCX	0.79	0.79	0.69	0.85		0.63	0.64	0.9	0.9	0.91	TMLCX
FEGOX	0.63	0.74	0.36	0.61	0.63		0.96	0.69	0.79	0.73	FEGOX
SGGDX	0.63	0.75	0.36	0.61	0.64	0.96		0.69	0.8	0.73	SGGDX
BALPX	0.79	0.91	0.62	0.74	0.9	0.69	0.69		0.91	0.91	BALPX
HQIAX	0.69	0.84	0.52	0.8	0.9	0.79	0.8	0.91		1.0	HQIAX
HQIYX	0.68	0.83	0.52	0.78	0.91	0.73	0.73	0.91	1.0		HQIYX
	CMNWX	GSSIX	PRIJX	STLYX	TMLCX	FEGOX	SGGDX	BALPX	HQIAX	HQIYX

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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
CMNWX	0.74	0.12	0.12	0.26	0.60	(0.86)	1.26	(1.38)	11.01
GSSIX	1.23	0.35	0.40	0.30	0.32	(1.57)	2.18	(1.61)	24.00
PRIJX	0.62	0.15	0.15	0.42	0.43	(0.77)	1.38	(0.97)	3.60
STLYX	0.51	0.03	(0.01)	0.14	0.50	(0.54)	0.96	(0.88)	2.27
TMLCX	0.50	0.07	0.00	0.56	0.48	(0.53)	0.94	(0.86)	2.24
FEGOX	1.69	0.23	0.08	0.31	2.34	(1.82)	3.45	(3.65)	11.36
SGGDX	1.70	0.25	0.07	0.75	2.32	(1.79)	3.44	(3.64)	11.37
BALPX	0.14	0.02	(0.22)	0.20	0.00	(0.20)	0.31	(0.31)	1.12
HQIAX	0.50	0.05	(0.03)	0.31	0.56	(0.52)	1.17	(1.01)	2.76
HQIYX	0.52	0.07	0.00	0.80	0.53	(0.56)	1.20	(0.99)	2.81

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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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