Touchstone Sands Correlations

CISGX Fund

USD 16.57 0.43 2.66%

The current 90-days correlation between Touchstone Sands Capital and Capital World Growth is 0.9 (i.e., Almost no diversification). The correlation of Touchstone Sands 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 Sands Correlation With Market

Poor diversification

The correlation between Touchstone Sands Capital and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Sands Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Touchstone Sands Capital. 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 price.

Moving together with Touchstone Mutual Fund

0.64	TEGCX	Touchstone Sands Capital	Pair Corr
0.61	TEGAX	Mid Cap Growth	Pair Corr
0.7	TEGIX	Mid Cap Growth	Pair Corr
0.7	TEGYX	Mid Cap Growth	Pair Corr
0.7	TFGRX	Touchstone Mid Cap	Pair Corr
1.0	CFSIX	Touchstone Sands Capital	Pair Corr
0.96	TGVCX	Growth Opportunities	Pair Corr
0.96	TGVFX	Growth Opportunities	Pair Corr
0.96	TGVYX	Growth Opportunities	Pair Corr
0.96	TGVVX	Growth Opportunities	Pair Corr
0.98	TLGYX	Touchstone Large Pany	Pair Corr

Moving against Touchstone Mutual Fund

0.45	SSSGX	Sentinel Low Duration	Pair Corr
0.36	FRACX	Touchstone Flexible	Pair Corr
0.44	TIMPX	Touchstone Funds	Pair Corr
0.35	TFSLX	Touchstone Flexible	Pair Corr

Related Correlations Analysis

	CWGIX	ANWPX	MSTSX	VIASP	AIMNX	SCAXX	FPCG	KMX	FSMEX	SEIC
CWGIX		0.99	0.69	0.09	0.13	0.42	0.0	0.34	0.4	0.67	CWGIX
ANWPX	0.99		0.71	0.12	0.2	0.49	0.0	0.31	0.46	0.63	ANWPX
MSTSX	0.69	0.71		0.04	0.75	0.78	0.0	0.72	0.84	0.79	MSTSX
VIASP	0.09	0.12	0.04		0.12	0.36	0.0	-0.26	0.35	0.0	VIASP
AIMNX	0.13	0.2	0.75	0.12		0.8	0.0	0.46	0.89	0.39	AIMNX
SCAXX	0.42	0.49	0.78	0.36	0.8		0.0	0.39	0.86	0.41	SCAXX
FPCG	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FPCG
KMX	0.34	0.31	0.72	-0.26	0.46	0.39	0.0		0.44	0.72	KMX
FSMEX	0.4	0.46	0.84	0.35	0.89	0.86	0.0	0.44		0.54	FSMEX
SEIC	0.67	0.63	0.79	0.0	0.39	0.41	0.0	0.72	0.54		SEIC
	CWGIX	ANWPX	MSTSX	VIASP	AIMNX	SCAXX	FPCG	KMX	FSMEX	SEIC

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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

ANWPX	+ 0.99	CWGIX
FSMEX	+ 0.89	AIMNX
FSMEX	+ 0.86	SCAXX
FSMEX	+ 0.84	MSTSX
SCAXX	+ 0.8	AIMNX
SEIC	+ 0.79	MSTSX

High negative correlations

KMX	- 0.26	VIASP
SEIC	- 0.0	FPCG
FSMEX	- 0.0	FPCG
KMX	- 0.0	FPCG
FPCG	- 0.0	SCAXX
FPCG	- 0.0	AIMNX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Sands 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 Sands' 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
CWGIX	0.69	(0.06)	(0.07)	0.05	0.96	(0.70)	1.58	(1.93)	4.66
ANWPX	0.74	(0.05)	(0.05)	0.06	0.99	(0.73)	1.67	(1.96)	4.85
MSTSX	0.56	0.00	(0.02)	0.12	0.62	(0.67)	1.21	(1.22)	4.07
VIASP	1.60	(0.07)	0.00	(0.22)	0.00	0.00	3.41	(4.97)	13.57
AIMNX	0.19	0.05	(0.24)	1.11	0.00	(0.25)	0.38	(0.37)	1.10
SCAXX	0.06	0.00	0.00	0.22	0.00	0.00	0.00	0.00	2.01
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMX	1.69	(0.09)	0.01	0.07	1.99	(1.73)	3.61	(3.36)	11.16
FSMEX	0.72	0.05	0.00	0.20	0.86	(0.79)	1.53	(1.55)	4.58
SEIC	1.00	(0.04)	(0.01)	0.08	1.27	(1.06)	2.13	(2.56)	6.12

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