Touchstone Dynamic Correlations
| TDI Etf | USD 41.62 0.00 0.00% |
The current 90-days correlation between Touchstone Dynamic and Kyivstar Group Ltd is 0.33 (i.e., Weak diversification). The correlation of Touchstone Dynamic 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.
Touchstone Dynamic Correlation With Market
Very poor diversification
The correlation between Touchstone Dynamic Internation and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Dynamic Internation and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Touchstone Etf
| 0.99 | VEA | Vanguard FTSE Developed | PairCorr |
| 0.99 | IEFA | iShares Core MSCI | PairCorr |
| 0.99 | VEU | Vanguard FTSE All | PairCorr |
| 0.99 | EFA | iShares MSCI EAFE | PairCorr |
| 0.99 | IXUS | iShares Core MSCI | PairCorr |
| 0.99 | SPDW | SPDR SP World | PairCorr |
| 0.99 | IDEV | iShares Core MSCI | PairCorr |
| 0.98 | ESGD | iShares ESG Aware | PairCorr |
| 0.98 | JIRE | JP Morgan Exchange | PairCorr |
| 1.0 | DFAX | Dimensional World | PairCorr |
| 0.93 | CPST | Calamos ETF Trust | PairCorr |
| 0.95 | ITDD | iShares Trust | PairCorr |
| 0.94 | RCGE | RockCreek Global Equality | PairCorr |
| 0.63 | PFE | Pfizer Inc Earnings Call Tomorrow | PairCorr |
| 0.91 | BA | Boeing | PairCorr |
| 0.92 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.78 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.89 | CAT | Caterpillar | PairCorr |
Moving against Touchstone Etf
| 0.77 | MPAY | Exchange Traded Concepts | PairCorr |
| 0.66 | MSFT | Microsoft | PairCorr |
| 0.83 | HPQ | HP Inc Aggressive Push | PairCorr |
| 0.57 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.46 | MMM | 3M Company | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Touchstone Dynamic Constituents Risk-Adjusted Indicators
There is a big difference between Touchstone Etf performing well and Touchstone Dynamic 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 Dynamic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KORE | 2.77 | 0.47 | 0.14 | 0.75 | 2.73 | 7.19 | 18.82 | |||
| NAMI | 5.23 | (0.29) | 0.00 | (0.08) | 0.00 | 14.63 | 57.29 | |||
| BZFD | 3.45 | (0.91) | 0.00 | (0.41) | 0.00 | 6.67 | 37.49 | |||
| LVO | 3.18 | (0.14) | 0.00 | (0.06) | 0.00 | 5.13 | 20.00 | |||
| FNGR | 3.51 | (0.23) | 0.00 | (0.10) | 0.00 | 9.86 | 28.83 | |||
| KYIV | 2.86 | (0.24) | 0.00 | (0.08) | 0.00 | 7.07 | 20.31 | |||
| MDIA | 3.26 | (0.85) | 0.00 | 2.23 | 0.00 | 6.25 | 17.86 | |||
| MNY | 2.77 | (0.07) | 0.00 | (0.05) | 0.00 | 9.76 | 39.95 | |||
| PODC | 4.14 | 0.66 | 0.14 | 0.66 | 4.34 | 12.62 | 24.81 | |||
| SEAT | 3.85 | (0.79) | 0.00 | (0.67) | 0.00 | 6.34 | 22.35 |