Touchstone Value Correlations

TVLAX Fund

USD 12.10 0.02 0.17%

The current 90-days correlation between Touchstone Value and Tiaa Cref Lifestyle Moderate is 0.45 (i.e., Very weak diversification). The correlation of Touchstone Value 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 Value Correlation With Market

Very weak diversification

The correlation between Touchstone Value Fund and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Value 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 Value 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 nation.

Moving together with Touchstone Mutual Fund

0.88	TVOYX	Touchstone Small Cap	Pair Corr
0.66	TEGAX	Mid Cap Growth	Pair Corr
0.64	TEGYX	Mid Cap Growth	Pair Corr
0.91	SAGWX	Sentinel Small Pany	Pair Corr
0.96	SSCOX	Sentinel Small Pany	Pair Corr
0.92	TFCCX	Touchstone Large Cap	Pair Corr
0.91	SSRRX	Sentinel Small	Pair Corr
0.63	TFGRX	Touchstone Mid Cap	Pair Corr
0.82	TGVCX	Growth Opportunities	Pair Corr
0.8	TGVFX	Growth Opportunities	Pair Corr
0.77	TGVYX	Growth Opportunities	Pair Corr
0.76	TGVVX	Growth Opportunities	Pair Corr
0.9	TICSX	Touchstone Small Pany	Pair Corr
0.8	SWFCX	Sentinel International	Pair Corr
0.76	SWRLX	Sentinel International	Pair Corr
0.91	TLCIX	Touchstone Large Cap	Pair Corr

Moving against Touchstone Mutual Fund

0.59	SSSGX	Sentinel Low Duration	Pair Corr
0.4	TMARX	Touchstone Arbitrage	Pair Corr
0.33	TMAYX	Touchstone Arbitrage	Pair Corr

Related Correlations Analysis

	TSMHX	BRIEX	TSIMX	RMLCX	FLMTX	VTTHX	HBAIX	QCGLRX
TSMHX		0.96	1.0	0.98	0.98	0.99	0.98	0.93	TSMHX
BRIEX	0.96		0.96	0.96	0.96	0.92	0.94	0.86	BRIEX
TSIMX	1.0	0.96		0.98	0.98	0.98	0.98	0.93	TSIMX
RMLCX	0.98	0.96	0.98		0.95	0.97	0.93	0.85	RMLCX
FLMTX	0.98	0.96	0.98	0.95		0.95	0.99	0.94	FLMTX
VTTHX	0.99	0.92	0.98	0.97	0.95		0.96	0.91	VTTHX
HBAIX	0.98	0.94	0.98	0.93	0.99	0.96		0.97	HBAIX
QCGLRX	0.93	0.86	0.93	0.85	0.94	0.91	0.97		QCGLRX
	TSMHX	BRIEX	TSIMX	RMLCX	FLMTX	VTTHX	HBAIX	QCGLRX

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Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Value 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 Value'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
TSMHX	0.37	0.02	0.04	0.05	0.54	(0.35)	0.66	(0.72)	2.46
BRIEX	0.24	0.02	0.05	0.06	0.32	(0.24)	0.52	(0.43)	2.06
TSIMX	0.37	0.02	0.04	0.05	0.54	(0.35)	0.66	(0.72)	2.33
RMLCX	0.29	0.01	0.03	0.05	0.42	(0.31)	0.66	(0.54)	2.40
FLMTX	0.24	0.03	0.07	0.10	0.33	(0.26)	0.56	(0.38)	1.89
VTTHX	0.39	0.02	0.04	0.06	0.58	(0.38)	0.70	(0.80)	2.64
HBAIX	0.35	0.03	0.06	0.08	0.51	(0.36)	0.62	(0.61)	2.53
QCGLRX	0.58	0.04	0.05	0.07	0.86	(0.54)	1.04	(1.40)	3.68

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