Touchstone Mid Correlations

TMCPX Fund

USD 58.78 0.20 0.34%

The current 90-days correlation between Touchstone Mid Cap and Gmo Treasury Fund is -0.04 (i.e., Good diversification). The correlation of Touchstone Mid 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 Mid Correlation With Market

Almost no diversification

The correlation between Touchstone Mid Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Mid 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 Mid 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 employment.

Moving together with Touchstone Mutual Fund

0.79	TVOYX	Touchstone Small Cap	Pair Corr
0.89	TEGIX	Mid Cap Growth	Pair Corr
0.92	SAGWX	Sentinel Small Pany	Pair Corr
0.92	SSCOX	Sentinel Small Pany	Pair Corr
0.89	TFCCX	Touchstone Large Cap	Pair Corr
0.97	SSRRX	Sentinel Small	Pair Corr
0.9	TFFCX	Touchstone Focused	Pair Corr
0.9	TFGRX	Touchstone Mid Cap	Pair Corr
0.9	TFFIX	Touchstone Focused	Pair Corr
0.86	SSSGX	Sentinel Low Duration	Pair Corr
0.9	TFFYX	Touchstone Focused	Pair Corr
0.9	TFOAX	Touchstone Focused	Pair Corr
0.81	TGVCX	Growth Opportunities	Pair Corr
0.84	TGVFX	Growth Opportunities	Pair Corr
0.84	TGVYX	Growth Opportunities	Pair Corr
0.79	SCRLX	Sentinel Mon Stock	Pair Corr
0.89	THIYX	High Yield Fund	Pair Corr
0.89	THYCX	High Yield Fund	Pair Corr
0.89	THYAX	High Yield Fund	Pair Corr
0.89	THYYX	High Yield Fund	Pair Corr
0.97	TICSX	Touchstone Small Pany	Pair Corr
0.89	TIQIX	Touchstone Sustainability	Pair Corr
0.88	TLCIX	Touchstone Large Cap	Pair Corr

Moving against Touchstone Mutual Fund

0.36

CISGX

Touchstone Sands Capital

Pair Corr

Related Correlations Analysis

	EICVX	DGINX	BOSVX	SGICX	REVAX	CNGLX	GUSTX
EICVX		0.9	0.93	0.81	0.87	0.91	0.89	EICVX
DGINX	0.9		0.94	0.9	0.91	0.89	0.91	DGINX
BOSVX	0.93	0.94		0.82	0.92	0.84	0.92	BOSVX
SGICX	0.81	0.9	0.82		0.88	0.9	0.88	SGICX
REVAX	0.87	0.91	0.92	0.88		0.85	0.94	REVAX
CNGLX	0.91	0.89	0.84	0.9	0.85		0.87	CNGLX
GUSTX	0.89	0.91	0.92	0.88	0.94	0.87		GUSTX
	EICVX	DGINX	BOSVX	SGICX	REVAX	CNGLX	GUSTX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Mid 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 Mid'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
EICVX	0.67	0.30	0.28	(3.45)	0.00	(0.80)	1.36	(0.69)	10.04
DGINX	0.34	0.04	(0.04)	0.17	0.19	(0.39)	0.77	(0.68)	2.06
BOSVX	0.87	0.17	0.21	0.24	0.52	(1.09)	2.84	(1.49)	6.16
SGICX	0.63	0.22	0.30	0.51	0.00	(0.83)	1.25	(0.81)	10.77
REVAX	0.64	0.32	0.35	(2.43)	0.00	(0.85)	1.70	(0.84)	3.29
CNGLX	0.58	0.16	0.04	(0.44)	0.56	(0.67)	1.15	(1.14)	5.46
GUSTX	0.03	0.00	0.00	0.19	0.00	0.00	0.20	0.00	0.60

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