Touchstone Large Correlations

TACLX Fund

USD 19.30 0.07 0.36%

The current 90-days correlation between Touchstone Large Cap and Dunham Emerging Markets is 0.06 (i.e., Significant diversification). The correlation of Touchstone Large 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 Large Correlation With Market

Average diversification

The correlation between Touchstone Large Cap 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 Large 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 Large 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 bureau of economic analysis.

Moving together with Touchstone Mutual Fund

0.9	TVOYX	Touchstone Small Cap	Pair Corr
0.67	TEGAX	Mid Cap Growth	Pair Corr
0.7	TEGIX	Mid Cap Growth	Pair Corr
0.7	TEGYX	Mid Cap Growth	Pair Corr
0.92	SAGWX	Sentinel Small Pany	Pair Corr
0.92	SSCOX	Sentinel Small Pany	Pair Corr
1.0	TFCCX	Touchstone Large Cap	Pair Corr
0.96	SSRRX	Sentinel Small	Pair Corr
0.63	TFFCX	Touchstone Focused	Pair Corr
0.69	TFGRX	Touchstone Mid Cap	Pair Corr
0.63	TFFIX	Touchstone Focused	Pair Corr
0.63	TFFYX	Touchstone Focused	Pair Corr
0.69	SBACX	Sentinel Balanced	Pair Corr
0.62	TFOAX	Touchstone Focused	Pair Corr
0.77	TGVCX	Growth Opportunities	Pair Corr
0.75	TGVFX	Growth Opportunities	Pair Corr
0.7	TGVVX	Growth Opportunities	Pair Corr
0.69	THIYX	High Yield Fund	Pair Corr
0.7	THYAX	High Yield Fund	Pair Corr
0.7	THYYX	High Yield Fund	Pair Corr
0.96	TICSX	Touchstone Small Pany	Pair Corr
1.0	TLCIX	Touchstone Large Cap	Pair Corr
1.0	TLCYX	Touchstone Large Cap	Pair Corr
0.64	TLGYX	Touchstone Large Pany	Pair Corr

Related Correlations Analysis

	DNEMX	SPMIX	IGIEX	FGWMX	POEIX	SEKRX	OFVIX
DNEMX		0.16	0.55	0.4	0.72	0.91	-0.07	DNEMX
SPMIX	0.16		0.27	0.09	-0.21	0.23	0.76	SPMIX
IGIEX	0.55	0.27		0.94	0.39	0.63	0.33	IGIEX
FGWMX	0.4	0.09	0.94		0.37	0.49	0.27	FGWMX
POEIX	0.72	-0.21	0.39	0.37		0.74	-0.41	POEIX
SEKRX	0.91	0.23	0.63	0.49	0.74		0.0	SEKRX
OFVIX	-0.07	0.76	0.33	0.27	-0.41	0.0		OFVIX
	DNEMX	SPMIX	IGIEX	FGWMX	POEIX	SEKRX	OFVIX

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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

FGWMX	+ 0.94	IGIEX
SEKRX	+ 0.91	DNEMX
OFVIX	+ 0.76	SPMIX
SEKRX	+ 0.74	POEIX
POEIX	+ 0.72	DNEMX
SEKRX	+ 0.63	IGIEX

High negative correlations

OFVIX	- 0.41	POEIX
POEIX	- 0.21	SPMIX
OFVIX	- 0.07	DNEMX
OFVIX	- 0.0	SEKRX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Large 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 Large'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DNEMX	0.62	(0.12)	(0.68)	1.24	(1.76)	3.67
SPMIX	0.81	(0.11)	(0.29)	1.63	(1.19)	12.44
IGIEX	0.25	(0.06)	(1.02)	0.48	(0.71)	2.16
FGWMX	0.24	(0.05)	(0.85)	0.47	(0.47)	2.04
POEIX	0.56	(0.03)	2.30	1.24	(1.23)	3.55
SEKRX	0.64	(0.09)	(0.46)	1.57	(1.47)	4.23
OFVIX	0.77	(0.12)	(0.39)	1.14	(0.88)	15.73

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