Touchstone Sustainability Correlations

TEQCX Fund

USD 24.61 1.68 6.39%

The current 90-days correlation between Touchstone Sustainability and Boston Partners Emerging is 0.38 (i.e., Weak diversification). The correlation of Touchstone Sustainability 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 Sustainability Correlation With Market

Poor diversification

The correlation between Touchstone Sustainability And and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Sustainability And 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 Sustainability And. 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 main economic indicators.

Moving together with Touchstone Mutual Fund

0.79	TEGCX	Touchstone Sands Capital	Pair Corr
1.0	TEQAX	Touchstone Sustainability	Pair Corr
0.76	SSSGX	Sentinel Low Duration	Pair Corr
0.74	FRACX	Touchstone Flexible	Pair Corr
0.75	TFSLX	Touchstone Flexible	Pair Corr
0.69	THIYX	High Yield Fund	Pair Corr
0.66	THYAX	High Yield Fund	Pair Corr
0.69	THYYX	High Yield Fund	Pair Corr
0.68	TIMPX	Touchstone Funds	Pair Corr
1.0	TIQIX	Touchstone Sustainability	Pair Corr
0.91	SWFCX	Sentinel International	Pair Corr
0.91	SWRLX	Sentinel International	Pair Corr

Moving against Touchstone Mutual Fund

0.31	TGVCX	Growth Opportunities	Pair Corr
0.31	TGVFX	Growth Opportunities	Pair Corr
0.31	TGVYX	Growth Opportunities	Pair Corr
0.31	TGVVX	Growth Opportunities	Pair Corr

Related Correlations Analysis

	BELSX	FHKFX	UUPIX	SAEMX	REMVX	RYACX	SFGIX	APDOX
BELSX		0.84	0.84	0.81	0.85	0.38	0.89	0.79	BELSX
FHKFX	0.84		0.96	0.94	0.96	0.2	0.93	0.78	FHKFX
UUPIX	0.84	0.96		0.87	0.9	0.05	0.9	0.88	UUPIX
SAEMX	0.81	0.94	0.87		0.97	0.4	0.95	0.7	SAEMX
REMVX	0.85	0.96	0.9	0.97		0.41	0.96	0.77	REMVX
RYACX	0.38	0.2	0.05	0.4	0.41		0.34	0.04	RYACX
SFGIX	0.89	0.93	0.9	0.95	0.96	0.34		0.76	SFGIX
APDOX	0.79	0.78	0.88	0.7	0.77	0.04	0.76		APDOX
	BELSX	FHKFX	UUPIX	SAEMX	REMVX	RYACX	SFGIX	APDOX

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Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Sustainability 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 Sustainability'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
BELSX	0.44	0.06	0.33	0.34	0.50	(0.48)	0.92	(0.89)	2.59
FHKFX	0.94	0.07	0.00	(0.06)	0.00	0.00	1.94	(2.14)	5.94
UUPIX	2.48	0.24	0.00	(0.02)	0.00	0.00	4.92	(5.82)	14.16
SAEMX	0.61	0.03	0.17	0.00	0.88	(0.61)	1.17	(1.57)	3.59
REMVX	0.80	0.11	0.19	0.14	1.03	(0.86)	1.67	(1.92)	5.76
RYACX	1.23	0.11	0.38	(0.25)	0.86	(1.52)	2.96	(1.58)	6.30
SFGIX	0.53	0.09	0.24	0.21	0.78	(0.53)	1.09	(1.55)	4.18
APDOX	0.18	0.02	0.45	0.11	0.25	(0.19)	0.30	(0.39)	1.08

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