Touchstone Arbitrage Correlations

Mutual Funds . USA . 
Fund . Touchstone Arbitrage Fund
TMARX Fund  USD 9.16  0.02  0.22%   
The current 90-days correlation between Touchstone Arbitrage and The Hartford Inflation is 0.12 (i.e., Average 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 0.14 (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

  0.65TEGAX Mid Cap GrowthPairCorr
  0.65TEGIX Mid Cap GrowthPairCorr
  0.65TEGYX Mid Cap GrowthPairCorr
  0.7TFFCX Touchstone FocusedPairCorr
  0.65TFGRX Touchstone Mid CapPairCorr
  0.7TFFIX Touchstone FocusedPairCorr
  0.67SSSGX Sentinel Low DurationPairCorr
  0.7TFFYX Touchstone FocusedPairCorr
  0.8SBACX Sentinel BalancedPairCorr
  0.7TFOAX Touchstone FocusedPairCorr
  0.63CFSIX Touchstone Sands CapitalPairCorr
  0.66TGVCX Growth OpportunitiesPairCorr
  0.66TGVFX Growth OpportunitiesPairCorr
  0.66TGVYX Growth OpportunitiesPairCorr
  0.66TGVVX Growth OpportunitiesPairCorr
  0.68SCRLX Sentinel Mon StockPairCorr
  0.69SCSCX Sentinel Mon StockPairCorr
  0.96THIYX High Yield FundPairCorr
  0.97THYCX High Yield FundPairCorr
  0.96THYAX High Yield FundPairCorr
  0.96THYYX High Yield FundPairCorr
  0.8SEBLX Sentinel BalancedPairCorr
  0.68SENCX Sentinel Mon StockPairCorr
  0.63CISGX Touchstone Sands CapitalPairCorr
  0.64TLGYX Touchstone Large PanyPairCorr

Related Correlations Analysis

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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.

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