Touchstone Focused Correlations

Mutual Funds . USA . 
Fund . Touchstone Focused Fund
TFFYX Fund  USD 76.15  0.82  1.09%   
The current 90-days correlation between Touchstone Focused and Commodities Strategy Fund is -0.07 (i.e., Good 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

Significant diversification

The correlation between Touchstone Focused Fund and DJI is 0.05 (i.e., Significant 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 manufacturing.

Moving together with Touchstone Mutual Fund

  0.67TVOYX Touchstone Small CapPairCorr
  0.74VTSAX Vanguard Total StockPairCorr
  0.73VFIAX Vanguard 500 IndexPairCorr
  0.74VTSMX Vanguard Total StockPairCorr
  0.74VITSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.73VFINX Vanguard 500 IndexPairCorr
  0.73VFFSX Vanguard 500 IndexPairCorr
  0.82VINIX Vanguard InstitutionalPairCorr
  0.82VIIIX Vanguard InstitutionalPairCorr
  0.63RMQHX Monthly RebalancePairCorr
  0.62ETILX Eventide GileadPairCorr
  0.66VSGAX Vanguard Small CapPairCorr
  0.79ATACX Atac Inflation RotationPairCorr

Moving against Touchstone Mutual Fund

  0.65HIMUX Pioneer Map HighPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
LEQCX
+ 0.77
UOPSX
VFFIX
+ 0.61
UOPSX
BIGTX
+ 0.61
LEQCX
VFFIX
+ 0.56
LEQCX
BIGTX
+ 0.48
NQQQX
VFFIX
+ 0.4
RYMBX
  
High negative correlations   
VFFIX
- 0.63
NQQQX
BIGTX
- 0.53
RYMBX
NQQQX
- 0.53
RYMBX
LEQCX
- 0.19
NQQQX
UOPSX
- 0.1
NQQQX
VFFIX
- 0.04
BIGTX

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY