Touchstone Large Correlations

Mutual Funds . USA . 
Fund . Touchstone Large Pany
TCGLX Fund  USD 50.78  0.78  1.51%   
The current 90-days correlation between Touchstone Large Pany and L Abbett Growth is 0.9 (i.e., Almost no 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

Weak diversification

The correlation between Touchstone Large Pany and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Large Pany 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 Pany. 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

  0.65TVOYX Touchstone Small CapPairCorr
  0.66TEGCX Touchstone Sands CapitalPairCorr
  0.87TEGAX Mid Cap GrowthPairCorr
  0.84TEGIX Mid Cap GrowthPairCorr
  0.87TEGYX Mid Cap GrowthPairCorr
  0.64SAGWX Sentinel Small PanyPairCorr
  0.73TFFCX Touchstone FocusedPairCorr
  0.71TFFIX Touchstone FocusedPairCorr
  0.71TFFYX Touchstone FocusedPairCorr
  0.77SBACX Sentinel BalancedPairCorr
  0.61FRACX Touchstone FlexiblePairCorr
  0.64CFSIX Touchstone Sands CapitalPairCorr
  0.82TGVCX Growth OpportunitiesPairCorr
  0.83TGVFX Growth OpportunitiesPairCorr
  0.71SCRLX Sentinel Mon StockPairCorr
  0.74SCSCX Sentinel Mon StockPairCorr
  0.76SEBLX Sentinel BalancedPairCorr
  0.72SENCX Sentinel Mon StockPairCorr
  0.64CISGX Touchstone Sands CapitalPairCorr
  0.99TLGYX Touchstone Large PanyPairCorr
  0.61TMCPX Touchstone Mid CapPairCorr
  0.71SICWX Sentinel Mon StockPairCorr
  0.66SIGWX Sentinel Small PanyPairCorr
  0.87TOECX Mid Cap GrowthPairCorr

Related Correlations Analysis

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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.

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