Touchstone Strategic Correlations

SIO Etf

USD 25.94 0.01 0.04%

The current 90-days correlation between Touchstone Strategic and Valued Advisers Trust is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Touchstone Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Strategic Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Touchstone Strategic Correlation With Market

Significant diversification

The correlation between Touchstone Strategic Income and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Strategic Income 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 Strategic Income. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Touchstone Etf

0.63	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.96	DEED	First Trust TCW	Pair Corr
0.83	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.94	MUSI	American Century Mul	Pair Corr
0.81	KO	Coca Cola Sell-off Trend	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.66	VZ	Verizon Communications Aggressive Push	Pair Corr
0.63	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against Touchstone Etf

0.64	GBTC	Grayscale Bitcoin Trust Buyout Trend	Pair Corr
0.55	VTI	Vanguard Total Stock	Pair Corr
0.55	VBK	Vanguard Small Cap	Pair Corr
0.44	JPST	JPMorgan Ultra Short	Pair Corr
0.44	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr
0.68	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.53	DIS	Walt Disney Aggressive Push	Pair Corr
0.42	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.34	T	ATT Inc Aggressive Push	Pair Corr
0.32	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	MBSF	DIAL	IG	DMBS	VABS	VBND	MINT	VCRB	DUKZ
MBSF		-0.54	-0.44	-0.59	0.72	-0.54	0.86	-0.57	0.27	MBSF
DIAL	-0.54		0.98	0.98	-0.06	0.98	-0.77	0.98	0.47	DIAL
IG	-0.44	0.98		0.97	0.08	0.99	-0.68	0.97	0.55	IG
DMBS	-0.59	0.98	0.97		-0.1	0.99	-0.81	0.99	0.4	DMBS
VABS	0.72	-0.06	0.08	-0.1		-0.04	0.64	-0.08	0.69	VABS
VBND	-0.54	0.98	0.99	0.99	-0.04		-0.77	0.99	0.44	VBND
MINT	0.86	-0.77	-0.68	-0.81	0.64	-0.77		-0.8	0.12	MINT
VCRB	-0.57	0.98	0.97	0.99	-0.08	0.99	-0.8		0.41	VCRB
DUKZ	0.27	0.47	0.55	0.4	0.69	0.44	0.12	0.41		DUKZ
	MBSF	DIAL	IG	DMBS	VABS	VBND	MINT	VCRB	DUKZ

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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

VBND	+ 0.99	IG
VBND	+ 0.99	DMBS
VCRB	+ 0.99	DMBS
VCRB	+ 0.99	VBND
IG	+ 0.98	DIAL
DMBS	+ 0.98	DIAL

High negative correlations

MINT	- 0.81	DMBS
VCRB	- 0.8	MINT
MINT	- 0.77	VBND
MINT	- 0.77	DIAL
MINT	- 0.68	IG
DMBS	- 0.59	MBSF

Touchstone Strategic Constituents Risk-Adjusted Indicators

There is a big difference between Touchstone Etf performing well and Touchstone Strategic ETF 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 Strategic'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
MBSF	0.15	0.00	(0.52)	0.12	0.20	(0.17)	0.31	(0.39)	1.10
DIAL	0.23	(0.03)	0.00	(0.86)	0.00	0.00	0.55	(0.50)	1.54
IG	0.25	0.00	0.00	0.00	0.00	0.00	0.53	(0.61)	1.88
DMBS	0.24	(0.03)	0.00	0.88	0.00	0.00	0.41	(0.45)	1.24
VABS	0.08	0.01	(0.98)	(0.38)	0.00	(0.10)	0.17	(0.12)	0.54
VBND	0.23	(0.02)	0.00	0.53	0.00	0.00	0.39	(0.63)	1.59
MINT	0.02	0.01	(2.02)	8.13	0.00	(0.03)	0.06	(0.02)	0.24
VCRB	0.24	(0.02)	0.00	0.38	0.00	0.00	0.45	(0.53)	1.31
DUKZ	0.18	0.00	(0.45)	0.22	0.17	(0.20)	0.31	(0.39)	0.98

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