Touchstone Focused Correlations

Mutual Funds . USA . 
Fund . Touchstone Focused Fund
TFOAX Fund  USD 76.20  0.27  0.35%   
The current 90-days correlation between Touchstone Focused and Lgm Risk Managed is 0.18 (i.e., Average 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 nation.

Moving together with TOUCHSTONE Mutual Fund

  0.68TVOYX Touchstone Small CapPairCorr
  0.81TEGAX Mid Cap GrowthPairCorr
  0.85TEGIX Mid Cap GrowthPairCorr
  0.79TEGYX Mid Cap GrowthPairCorr
  0.82TFGRX Touchstone Mid CapPairCorr
  0.63TFSLX Touchstone FlexiblePairCorr
  0.74CFSIX Touchstone Sands CapitalPairCorr
  0.62TGVCX Growth OpportunitiesPairCorr
  0.65TGVFX Growth OpportunitiesPairCorr
  0.67TGVYX Growth OpportunitiesPairCorr
  0.68TGVVX Growth OpportunitiesPairCorr
  0.99SCSCX Sentinel Mon StockPairCorr
  0.77THIYX High Yield FundPairCorr
  0.8THYCX High Yield FundPairCorr
  0.81THYAX High Yield FundPairCorr
  0.97SEBLX Sentinel BalancedPairCorr
  1.0SENCX Sentinel Mon StockPairCorr
  0.84CISGX Touchstone Sands CapitalPairCorr
  0.84TLGYX Touchstone Large PanyPairCorr
  0.63TMARX Touchstone ArbitragePairCorr
  0.62TMAYX Touchstone ArbitragePairCorr
  0.65TMACX Touchstone ArbitragePairCorr
  0.65TMCPX 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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