Touchstone Focused Correlations

Mutual Funds . USA . 
Fund . Touchstone Focused Fund
TFFCX Fund  USD 67.91  0.24  0.35%   
The current 90-days correlation between Touchstone Focused and Tiaa Cref High Yield is 0.09 (i.e., Significant 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

Weak diversification

The correlation between Touchstone Focused Fund and DJI is 0.37 (i.e., Weak 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

  0.7TVOYX Touchstone Small CapPairCorr
  0.82TEGAX Mid Cap GrowthPairCorr
  0.84TEGIX Mid Cap GrowthPairCorr
  0.79TEGYX Mid Cap GrowthPairCorr
  0.83TFGRX Touchstone Mid CapPairCorr
  1.0TFOAX Touchstone FocusedPairCorr
  0.65TFSLX Touchstone FlexiblePairCorr
  0.72CFSIX Touchstone Sands CapitalPairCorr
  0.64TGVCX Growth OpportunitiesPairCorr
  0.67TGVFX Growth OpportunitiesPairCorr
  0.69TGVYX Growth OpportunitiesPairCorr
  0.7TGVVX Growth OpportunitiesPairCorr
  0.99SCSCX Sentinel Mon StockPairCorr
  0.75THIYX High Yield FundPairCorr
  0.78THYCX High Yield FundPairCorr
  0.79THYAX High Yield FundPairCorr
  0.98SEBLX Sentinel BalancedPairCorr
  0.99SENCX Sentinel Mon StockPairCorr
  0.82CISGX Touchstone Sands CapitalPairCorr
  0.85TLGYX Touchstone Large PanyPairCorr
  0.61TMACX Touchstone ArbitragePairCorr
  0.68TMCPX Touchstone Mid CapPairCorr

Related Correlations Analysis

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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.

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