Touchstone Large Correlations

Mutual Funds . USA . 
Fund . Touchstone Large Cap
TLCYX Fund  USD 21.05  0.17  0.81%   
The current 90-days correlation between Touchstone Large Cap and Transamerica Emerging Markets is -0.12 (i.e., Good diversification). The correlation of Touchstone Large 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 Large Correlation With Market

Very poor diversification

The correlation between Touchstone Large Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Large Cap 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 Large Cap. 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

  0.96TVOYX Touchstone Small CapPairCorr
  0.95TEGAX Mid Cap GrowthPairCorr
  0.96TEGIX Mid Cap GrowthPairCorr
  0.96TEGYX Mid Cap GrowthPairCorr
  0.88SAGWX Sentinel Small PanyPairCorr
  0.9SSCOX Sentinel Small PanyPairCorr
  1.0TFCCX Touchstone Large CapPairCorr
  0.91SSRRX Sentinel SmallPairCorr
  0.92TFFCX Touchstone FocusedPairCorr
  0.95TFGRX Touchstone Mid CapPairCorr
  0.92TFFIX Touchstone FocusedPairCorr
  0.77SSSGX Sentinel Low DurationPairCorr
  0.92TFFYX Touchstone FocusedPairCorr
  0.83SBACX Sentinel BalancedPairCorr
  0.92TFOAX Touchstone FocusedPairCorr
  0.92CFSIX Touchstone Sands CapitalPairCorr
  0.92TGVCX Growth OpportunitiesPairCorr
  0.93TGVFX Growth OpportunitiesPairCorr
  0.93TGVYX Growth OpportunitiesPairCorr
  0.93TGVVX Growth OpportunitiesPairCorr
  0.9SCRLX Sentinel Mon StockPairCorr
  0.92SCSCX Sentinel Mon StockPairCorr
  0.64THIYX High Yield FundPairCorr
  0.63THYAX High Yield FundPairCorr
  0.65THYYX High Yield FundPairCorr
  0.88TICSX Touchstone Small PanyPairCorr
  0.81SEBLX Sentinel BalancedPairCorr
  0.89SENCX Sentinel Mon StockPairCorr
  0.92CISGX Touchstone Sands CapitalPairCorr
  1.0TLCIX Touchstone Large CapPairCorr

Moving against Touchstone Mutual Fund

  0.63FRACX Touchstone FlexiblePairCorr
  0.4TEQCX Touchstone SustainabilityPairCorr
  0.4TEQAX Touchstone SustainabilityPairCorr
  0.8TIMPX Touchstone FundsPairCorr
  0.53TFSLX Touchstone FlexiblePairCorr
  0.39TIQIX Touchstone SustainabilityPairCorr
  0.54FFSAX Touchstone FlexiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Large 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 Large'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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