Touchstone Flexible Correlations

Mutual Funds USA . 
Fund . Touchstone Flexible Income
FRACX Fund  USD 10.07  0.02  0.20%   
The current 90-days correlation between Touchstone Flexible and Global Technology Portfolio is 0.08 (i.e., Significant 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

Average diversification

The correlation between Touchstone Flexible Income and DJI is 0.18 (i.e., Average 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 main economic indicators.

Moving together with Touchstone Mutual Fund

  0.7TVOYX Touchstone Small CapPairCorr
  0.61TEGAX Mid Cap GrowthPairCorr
  0.62TEGYX Mid Cap GrowthPairCorr
  0.7SAGWX Sentinel Small PanyPairCorr
  0.67TEQCX Touchstone SustainabilityPairCorr
  0.67TEQAX Touchstone SustainabilityPairCorr
  0.71SSCOX Sentinel Small PanyPairCorr
  0.69TFCCX Touchstone Large CapPairCorr
  0.71SSRRX Sentinel SmallPairCorr
  0.72SBACX Sentinel BalancedPairCorr
  0.99TFSLX Touchstone FlexiblePairCorr
  0.71TGVCX Growth OpportunitiesPairCorr
  0.72TGVFX Growth OpportunitiesPairCorr
  0.7TGVYX Growth OpportunitiesPairCorr
  0.69TGVVX Growth OpportunitiesPairCorr
  0.71TICSX Touchstone Small PanyPairCorr
  0.71SEBLX Sentinel BalancedPairCorr
  0.99TIMPX Touchstone FundsPairCorr
  0.67TIQIX Touchstone SustainabilityPairCorr
  0.69TLCIX Touchstone Large CapPairCorr

Related Correlations Analysis

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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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