Touchstone Mid Correlations

TCVYX Fund

USD 25.72 0.06 0.23%

The current 90-days correlation between Touchstone Mid Cap and Aig Government Money is 0.15 (i.e., Average 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

Very poor diversification

The correlation between Touchstone Mid Cap and DJI is 0.89 (i.e., Very 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 manufacturing.

Moving together with Touchstone Mutual Fund

0.99	TVOYX	Touchstone Small Cap	Pair Corr
0.95	TEGAX	Mid Cap Growth	Pair Corr
0.96	TEGIX	Mid Cap Growth	Pair Corr
0.96	TEGYX	Mid Cap Growth	Pair Corr
0.98	SAGWX	Sentinel Small Pany	Pair Corr
0.97	SSCOX	Sentinel Small Pany	Pair Corr
0.98	TFCCX	Touchstone Large Cap	Pair Corr
0.98	SSRRX	Sentinel Small	Pair Corr
0.91	TFFCX	Touchstone Focused	Pair Corr
0.96	TFGRX	Touchstone Mid Cap	Pair Corr
0.91	TFFIX	Touchstone Focused	Pair Corr
0.76	SSSGX	Sentinel Low Duration	Pair Corr
0.91	TFFYX	Touchstone Focused	Pair Corr
0.85	SBACX	Sentinel Balanced	Pair Corr
0.91	TFOAX	Touchstone Focused	Pair Corr
0.93	CFSIX	Touchstone Sands Capital	Pair Corr
0.92	TGVCX	Growth Opportunities	Pair Corr
0.92	TGVFX	Growth Opportunities	Pair Corr
0.93	TGVYX	Growth Opportunities	Pair Corr
0.93	TGVVX	Growth Opportunities	Pair Corr
0.91	SCRLX	Sentinel Mon Stock	Pair Corr
0.91	SCSCX	Sentinel Mon Stock	Pair Corr
0.7	THIYX	High Yield Fund	Pair Corr
0.64	THYCX	High Yield Fund	Pair Corr
0.67	THYAX	High Yield Fund	Pair Corr
0.7	THYYX	High Yield Fund	Pair Corr
0.98	TICSX	Touchstone Small Pany	Pair Corr
0.82	SEBLX	Sentinel Balanced	Pair Corr
0.91	SENCX	Sentinel Mon Stock	Pair Corr
0.93	CISGX	Touchstone Sands Capital	Pair Corr
0.98	TLCIX	Touchstone Large Cap	Pair Corr

Moving against Touchstone Mutual Fund

0.56	FRACX	Touchstone Flexible	Pair Corr
0.47	TFSLX	Touchstone Flexible	Pair Corr
0.4	TEQCX	Touchstone Sustainability	Pair Corr
0.38	TEQAX	Touchstone Sustainability	Pair Corr
0.71	TIMPX	Touchstone Funds	Pair Corr
0.49	FFSAX	Touchstone Flexible	Pair Corr
0.38	SWFCX	Sentinel International	Pair Corr
0.37	TIQIX	Touchstone Sustainability	Pair Corr
0.37	SWRLX	Sentinel International	Pair Corr

Related Correlations Analysis

	SMAAX	ICAXX	AIEXX	RYAQX	UIGSX	CGTCX	BIGLX
SMAAX		0.0	0.0	-0.81	0.85	0.84	0.85	SMAAX
ICAXX	0.0		0.0	0.0	0.0	0.0	0.0	ICAXX
AIEXX	0.0	0.0		0.0	0.0	0.0	0.0	AIEXX
RYAQX	-0.81	0.0	0.0		-0.96	-0.96	-0.96	RYAQX
UIGSX	0.85	0.0	0.0	-0.96		0.99	1.0	UIGSX
CGTCX	0.84	0.0	0.0	-0.96	0.99		0.99	CGTCX
BIGLX	0.85	0.0	0.0	-0.96	1.0	0.99		BIGLX
	SMAAX	ICAXX	AIEXX	RYAQX	UIGSX	CGTCX	BIGLX

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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

BIGLX	+ 1.0	UIGSX
CGTCX	+ 0.99	UIGSX
BIGLX	+ 0.99	CGTCX
UIGSX	+ 0.85	SMAAX
BIGLX	+ 0.85	SMAAX
CGTCX	+ 0.84	SMAAX

High negative correlations

BIGLX	- 0.96	RYAQX
CGTCX	- 0.96	RYAQX
UIGSX	- 0.96	RYAQX
RYAQX	- 0.81	SMAAX
BIGLX	- 0.0	AIEXX
CGTCX	- 0.0	AIEXX

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
SMAAX	0.11	(0.01)	(0.45)	(0.24)	0.19	(0.16)	0.20	(0.30)	0.99
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AIEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYAQX	0.61	0.10	(0.05)	(0.81)	0.65	(0.70)	1.52	(1.27)	5.23
UIGSX	0.18	(0.01)	0.00	0.31	0.00	0.00	0.34	(0.45)	1.03
CGTCX	0.23	(0.02)	0.00	0.47	0.00	0.00	0.34	(0.51)	1.49
BIGLX	0.24	(0.02)	0.00	0.47	0.00	0.00	0.33	(0.55)	1.44

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