Touchstone Arbitrage Correlations

TMARX Fund

USD 9.13 0.01 0.11%

The current 90-days correlation between Touchstone Arbitrage and Great West Loomis Sayles is 0.3 (i.e., Weak diversification). The correlation of Touchstone Arbitrage 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 Arbitrage Correlation With Market

Average diversification

The correlation between Touchstone Arbitrage Fund and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Arbitrage 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 Arbitrage 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 metropolitan statistical area.

Moving together with Touchstone Mutual Fund

0.71	TEGIX	Mid Cap Growth	Pair Corr
0.64	TFFIX	Touchstone Focused	Pair Corr
0.89	SSSGX	Sentinel Low Duration	Pair Corr
0.64	TFFYX	Touchstone Focused	Pair Corr
0.63	TFOAX	Touchstone Focused	Pair Corr
0.85	CFSIX	Touchstone Sands Capital	Pair Corr
0.67	SCRLX	Sentinel Mon Stock	Pair Corr
0.64	SCSCX	Sentinel Mon Stock	Pair Corr
0.93	THIYX	High Yield Fund	Pair Corr
0.89	THYCX	High Yield Fund	Pair Corr
0.89	THYAX	High Yield Fund	Pair Corr
0.92	THYYX	High Yield Fund	Pair Corr
0.66	SENCX	Sentinel Mon Stock	Pair Corr
0.85	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Touchstone Mutual Fund

0.6	TEGCX	Touchstone Sands Capital	Pair Corr
0.61	SWFCX	Sentinel International	Pair Corr
0.6	SWRLX	Sentinel International	Pair Corr

Related Correlations Analysis

	MXLSX	BRSVX	BOSVX	MAVKX	ASVIX	FCPVX	AFDVX	WBVNX
MXLSX		0.87	0.84	0.92	0.91	0.97	0.9	0.95	MXLSX
BRSVX	0.87		1.0	0.98	0.96	0.82	0.91	0.95	BRSVX
BOSVX	0.84	1.0		0.98	0.95	0.79	0.89	0.93	BOSVX
MAVKX	0.92	0.98	0.98		0.98	0.87	0.92	0.97	MAVKX
ASVIX	0.91	0.96	0.95	0.98		0.88	0.93	0.98	ASVIX
FCPVX	0.97	0.82	0.79	0.87	0.88		0.88	0.9	FCPVX
AFDVX	0.9	0.91	0.89	0.92	0.93	0.88		0.95	AFDVX
WBVNX	0.95	0.95	0.93	0.97	0.98	0.9	0.95		WBVNX
	MXLSX	BRSVX	BOSVX	MAVKX	ASVIX	FCPVX	AFDVX	WBVNX

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Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Arbitrage 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 Arbitrage'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
MXLSX	0.80	0.00	(0.05)	0.08	0.91	(0.96)	1.69	(1.26)	10.23
BRSVX	0.96	(0.09)	0.00	(0.05)	0.00	0.00	1.75	(1.54)	11.86
BOSVX	0.95	(0.10)	0.00	(0.09)	0.00	0.00	1.84	(1.42)	13.78
MAVKX	0.90	(0.06)	0.00	(0.02)	0.00	0.00	1.73	(1.40)	12.01
ASVIX	0.93	(0.07)	(0.06)	(0.01)	1.53	(0.96)	1.72	(1.36)	13.34
FCPVX	0.82	0.02	(0.02)	0.12	0.98	(0.92)	1.70	(1.60)	10.16
AFDVX	0.80	(0.01)	(0.08)	0.04	0.97	(0.96)	1.70	(1.37)	9.22
WBVNX	0.89	(0.03)	(0.07)	0.01	1.23	(0.90)	1.73	(1.64)	10.23

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