Touchstone Premium Correlations

TPYYX Fund

USD 8.80 0.06 0.69%

The current 90-days correlation between Touchstone Premium Yield and Lgm Risk Managed is 0.74 (i.e., Poor diversification). The correlation of Touchstone Premium 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 Premium Correlation With Market

Very weak diversification

The correlation between Touchstone Premium Yield and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Premium Yield 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 Premium Yield. 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

0.74	TEGCX	Touchstone Sands Capital	Pair Corr
0.83	TEQCX	Touchstone Sustainability	Pair Corr
0.84	TEQAX	Touchstone Sustainability	Pair Corr
0.84	TIQIX	Touchstone Sustainability	Pair Corr
0.76	SWFCX	Sentinel International	Pair Corr
0.76	SWRLX	Sentinel International	Pair Corr

Related Correlations Analysis

	LBETX	RSHMX	CBSYX	MWHIX	GHYSX	NEAIX
LBETX		-0.13	0.27	0.39	-0.1	0.62	LBETX
RSHMX	-0.13		0.57	0.66	0.96	0.01	RSHMX
CBSYX	0.27	0.57		0.58	0.61	0.53	CBSYX
MWHIX	0.39	0.66	0.58		0.73	0.11	MWHIX
GHYSX	-0.1	0.96	0.61	0.73		-0.02	GHYSX
NEAIX	0.62	0.01	0.53	0.11	-0.02		NEAIX
	LBETX	RSHMX	CBSYX	MWHIX	GHYSX	NEAIX

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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

GHYSX	+ 0.96	RSHMX
GHYSX	+ 0.73	MWHIX
MWHIX	+ 0.66	RSHMX
NEAIX	+ 0.62	LBETX
GHYSX	+ 0.61	CBSYX
MWHIX	+ 0.58	CBSYX

High negative correlations

RSHMX	- 0.13	LBETX
GHYSX	- 0.1	LBETX
NEAIX	- 0.02	GHYSX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Premium 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 Premium'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
LBETX	0.22	(0.01)	(0.23)	0.10	0.21	(0.27)	0.54	(0.52)	1.43
RSHMX	0.24	0.02	(0.23)	(0.06)	0.37	(0.27)	0.42	(0.52)	1.98
CBSYX	0.33	(0.03)	(0.25)	0.05	0.35	(0.39)	0.69	(0.67)	2.27
MWHIX	0.10	0.01	(0.71)	0.73	0.00	(0.19)	0.22	(0.21)	0.65
GHYSX	0.16	0.02	(0.24)	(0.03)	0.26	(0.23)	0.43	(0.43)	1.72
NEAIX	1.09	(0.11)	(0.04)	0.05	1.31	(1.16)	2.62	(2.27)	6.76

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