Touchstone Focused Correlations

TFFCX Fund

USD 66.27 0.15 0.23%

The current 90-days correlation between Touchstone Focused and Touchstone Small Cap is 0.74 (i.e., Poor diversification). The correlation of Touchstone Focused 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 Focused Correlation With Market

Very poor diversification

The correlation between Touchstone Focused Fund and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Focused Fund 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 Focused Fund. 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

0.91	TVOYX	Touchstone Small Cap	Pair Corr
0.94	TEGAX	Mid Cap Growth	Pair Corr
0.91	TFCCX	Touchstone Large Cap	Pair Corr
1.0	TFFIX	Touchstone Focused	Pair Corr
1.0	SCSCX	Sentinel Mon Stock	Pair Corr
1.0	SENCX	Sentinel Mon Stock	Pair Corr
0.94	CISGX	Touchstone Sands Capital	Pair Corr
1.0	SICWX	Sentinel Mon Stock	Pair Corr
0.76	TSDCX	Touchstone Ultra Short	Pair Corr
0.94	PTSGX	Touchstone Sands Capital	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.99	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.99	VITSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.99	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.99	VINIX	Vanguard Institutional	Pair Corr
0.99	VIIIX	Vanguard Institutional	Pair Corr
0.65	WHIYX	Ivy High Income	Pair Corr
0.7	IVHIX	Ivy High Income	Pair Corr
0.69	IHIFX	Ivy High Income	Pair Corr
0.65	WRHIX	Ivy High Income	Pair Corr
0.65	WHIAX	Ivy High Income	Pair Corr
0.74	RIV	Rivernorth Opportunities	Pair Corr
0.73	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.83	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.88	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Touchstone Mutual Fund

0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.74	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.71	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.51	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	TVOYX	TEGCX	TEGAX	TEGIX	TEGYX	SAGWX	TEQCX	TEQAX	SSCOX	TFCCX
TVOYX		0.06	0.95	0.95	0.95	0.98	-0.31	-0.28	0.98	0.96	TVOYX
TEGCX	0.06		0.1	0.1	0.1	0.06	0.68	0.69	0.06	-0.03	TEGCX
TEGAX	0.95	0.1		1.0	1.0	0.92	-0.39	-0.37	0.91	0.96	TEGAX
TEGIX	0.95	0.1	1.0		1.0	0.92	-0.39	-0.37	0.91	0.96	TEGIX
TEGYX	0.95	0.1	1.0	1.0		0.92	-0.39	-0.37	0.91	0.96	TEGYX
SAGWX	0.98	0.06	0.92	0.92	0.92		-0.25	-0.22	1.0	0.92	SAGWX
TEQCX	-0.31	0.68	-0.39	-0.39	-0.39	-0.25		1.0	-0.24	-0.45	TEQCX
TEQAX	-0.28	0.69	-0.37	-0.37	-0.37	-0.22	1.0		-0.21	-0.42	TEQAX
SSCOX	0.98	0.06	0.91	0.91	0.91	1.0	-0.24	-0.21		0.91	SSCOX
TFCCX	0.96	-0.03	0.96	0.96	0.96	0.92	-0.45	-0.42	0.91		TFCCX
	TVOYX	TEGCX	TEGAX	TEGIX	TEGYX	SAGWX	TEQCX	TEQAX	SSCOX	TFCCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

TEGIX	+ 1.0	TEGAX
TEGYX	+ 1.0	TEGAX
TEGYX	+ 1.0	TEGIX
SSCOX	+ 1.0	SAGWX
TEQAX	+ 1.0	TEQCX
SAGWX	+ 0.98	TVOYX

High negative correlations

TFCCX	- 0.45	TEQCX
TFCCX	- 0.42	TEQAX
TEQCX	- 0.39	TEGYX
TEQCX	- 0.39	TEGIX
TEQCX	- 0.39	TEGAX
TEQAX	- 0.37	TEGYX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Focused 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 Focused'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
TVOYX	0.81	0.00	0.05	0.12	0.65	(1.00)	1.71	(1.42)	6.73
TEGCX	0.68	(0.06)	(0.11)	0.00	0.95	(0.69)	1.58	(1.67)	4.99
TEGAX	0.82	0.12	0.15	0.22	0.62	(0.96)	1.98	(1.17)	4.78
TEGIX	0.81	0.12	0.15	0.22	0.62	(0.96)	1.99	(1.18)	4.78
TEGYX	0.81	0.12	0.15	0.22	0.62	(0.96)	2.00	(1.18)	4.77
SAGWX	0.76	(0.02)	0.01	0.11	0.82	(0.88)	1.65	(1.28)	7.02
TEQCX	0.69	(0.11)	0.00	(0.07)	0.00	0.00	1.45	(1.53)	4.09
TEQAX	0.70	(0.11)	0.00	(0.07)	0.00	0.00	1.46	(1.54)	4.13
SSCOX	0.74	(0.02)	0.01	0.10	0.83	(0.86)	1.69	(1.41)	6.85
TFCCX	0.51	0.02	(0.01)	0.15	0.37	(0.59)	0.99	(0.98)	3.59

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC