Touchstone Sands Correlations

TEGCX Fund

USD 14.35 0.08 0.56%

The current 90-days correlation between Touchstone Sands Capital and Touchstone Small Cap is 0.01 (i.e., Significant diversification). The correlation of Touchstone Sands 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 Sands Correlation With Market

Good diversification

The correlation between Touchstone Sands Capital and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Sands Capital 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 Sands Capital. 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 main economic indicators.

Moving together with Touchstone Mutual Fund

0.68	TEQCX	Touchstone Sustainability	Pair Corr
0.7	TIQIX	Touchstone Sustainability	Pair Corr
0.86	SWFCX	Sentinel International	Pair Corr
0.87	SWRLX	Sentinel International	Pair Corr

Related Correlations Analysis

	TVOYX	TEGAX	TEGIX	TEGYX	SAGWX	TEQCX	TEQAX	SSCOX	TFCCX
TVOYX		0.93	0.8	0.8	0.85	-0.35	-0.35	0.8	0.97	TVOYX
TEGAX	0.93		0.77	0.77	0.72	-0.39	-0.41	0.67	0.95	TEGAX
TEGIX	0.8	0.77		1.0	0.92	-0.32	-0.4	0.92	0.77	TEGIX
TEGYX	0.8	0.77	1.0		0.92	-0.32	-0.4	0.92	0.77	TEGYX
SAGWX	0.85	0.72	0.92	0.92		-0.21	-0.31	1.0	0.77	SAGWX
TEQCX	-0.35	-0.39	-0.32	-0.32	-0.21		0.76	-0.19	-0.47	TEQCX
TEQAX	-0.35	-0.41	-0.4	-0.4	-0.31	0.76		-0.29	-0.46	TEQAX
SSCOX	0.8	0.67	0.92	0.92	1.0	-0.19	-0.29		0.72	SSCOX
TFCCX	0.97	0.95	0.77	0.77	0.77	-0.47	-0.46	0.72		TFCCX
	TVOYX	TEGAX	TEGIX	TEGYX	SAGWX	TEQCX	TEQAX	SSCOX	TFCCX

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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

TEGYX	+ 1.0	TEGIX
SSCOX	+ 1.0	SAGWX
TFCCX	+ 0.97	TVOYX
TFCCX	+ 0.95	TEGAX
TEGAX	+ 0.93	TVOYX
SAGWX	+ 0.92	TEGIX

High negative correlations

TFCCX	- 0.47	TEQCX
TFCCX	- 0.46	TEQAX
TEQAX	- 0.41	TEGAX
TEQAX	- 0.4	TEGYX
TEQAX	- 0.4	TEGIX
TEQCX	- 0.39	TEGAX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Sands 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 Sands' 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
TVOYX	0.79	(0.01)	0.03	0.11	0.66	(0.96)	1.70	(1.42)	6.73
TEGAX	0.82	0.24	0.15	1.55	0.62	(0.96)	1.98	(1.17)	4.78
TEGIX	0.80	0.15	0.17	0.25	0.61	(0.95)	1.99	(1.18)	4.78
TEGYX	0.80	0.15	0.17	0.25	0.61	(0.95)	2.00	(1.18)	4.77
SAGWX	0.75	(0.02)	0.00	0.10	0.86	(0.84)	1.46	(1.28)	7.02
TEQCX	0.69	(0.03)	0.00	0.60	0.00	0.00	1.45	(1.53)	4.09
TEQAX	0.68	(0.05)	0.00	1.46	0.00	0.00	1.30	(1.54)	4.13
SSCOX	0.76	(0.01)	0.02	0.11	0.88	(0.85)	1.53	(1.41)	6.85
TFCCX	0.50	0.02	(0.02)	0.14	0.38	(0.58)	0.93	(0.98)	3.59

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