Touchstone Sustainability Correlations

TIQIX Fund

USD 26.95 0.10 0.37%

The current 90-days correlation between Touchstone Sustainability and Mid Cap Growth is -0.09 (i.e., Good diversification). The correlation of Touchstone Sustainability 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 Sustainability Correlation With Market

Very weak diversification

The correlation between Touchstone Sustainability And and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Sustainability And 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 Sustainability And. 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 gross domestic product.

Moving together with Touchstone Mutual Fund

0.71	TEGCX	Touchstone Sands Capital	Pair Corr
0.84	TEQCX	Touchstone Sustainability	Pair Corr
1.0	TEQAX	Touchstone Sustainability	Pair Corr
0.88	SWFCX	Sentinel International	Pair Corr
0.88	SWRLX	Sentinel International	Pair Corr

Moving against Touchstone Mutual Fund

0.45	TFCCX	Touchstone Large Cap	Pair Corr
0.45	SSSGX	Sentinel Low Duration	Pair Corr
0.42	TEGAX	Mid Cap Growth	Pair Corr
0.39	TEGIX	Mid Cap Growth	Pair Corr
0.39	TEGYX	Mid Cap Growth	Pair Corr
0.32	SAGWX	Sentinel Small Pany	Pair Corr
0.31	TVOYX	Touchstone Small Cap	Pair Corr
0.36	CFSIX	Touchstone Sands Capital	Pair Corr
0.32	TICSX	Touchstone Small Pany	Pair Corr
0.45	TLCIX	Touchstone Large Cap	Pair Corr
0.45	TLCYX	Touchstone Large Cap	Pair Corr
0.35	CISGX	Touchstone Sands Capital	Pair Corr

Related Correlations Analysis

	TEGAX	TGVFX	SWRLX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
TEGAX		0.94	-0.28	0.0	0.52	0.61	0.64	0.56	0.64	0.6	TEGAX
TGVFX	0.94		-0.11	0.0	0.65	0.6	0.54	0.59	0.5	0.62	TGVFX
SWRLX	-0.28	-0.11		0.0	0.62	0.11	-0.66	0.42	-0.58	-0.31	SWRLX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.52	0.65	0.62	0.0		0.67	-0.11	0.81	-0.02	0.15	MSTSX
LBHIX	0.61	0.6	0.11	0.0	0.67		0.19	0.71	0.27	0.09	LBHIX
VIASP	0.64	0.54	-0.66	0.0	-0.11	0.19		-0.01	0.79	0.53	VIASP
RRTLX	0.56	0.59	0.42	0.0	0.81	0.71	-0.01		0.05	0.01	RRTLX
OSHDF	0.64	0.5	-0.58	0.0	-0.02	0.27	0.79	0.05		0.35	OSHDF
70082LAB3	0.6	0.62	-0.31	0.0	0.15	0.09	0.53	0.01	0.35		70082LAB3
	TEGAX	TGVFX	SWRLX	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

TGVFX	+ 0.94	TEGAX
RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.79	VIASP
RRTLX	+ 0.71	LBHIX
LBHIX	+ 0.67	MSTSX
MSTSX	+ 0.65	TGVFX

High negative correlations

VIASP	- 0.66	SWRLX
OSHDF	- 0.58	SWRLX
70082LAB3	- 0.31	SWRLX
SWRLX	- 0.28	TEGAX
VIASP	- 0.11	MSTSX
SWRLX	- 0.11	TGVFX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Sustainability 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 Sustainability'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
TEGAX	0.82	0.24	0.15	1.55	0.62	(0.96)	1.98	(1.17)	4.78
TGVFX	0.71	(0.01)	(0.01)	0.11	1.06	(0.67)	1.48	(1.85)	4.86
SWRLX	0.61	(0.10)	0.00	(0.19)	0.00	0.00	1.27	(1.63)	4.03
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.05)	(0.15)	0.04	0.53	(0.58)	1.03	(1.02)	2.80
LBHIX	0.11	0.01	(0.40)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.74	0.08	(0.03)	(2.22)	1.13	(0.80)	2.28	(1.20)	7.18
RRTLX	0.24	0.01	(0.30)	0.50	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.61	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.03	(0.04)	1.56	2.25	(1.07)	1.75	(1.69)	24.27

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