Touchstone Focused Correlations

Mutual Funds . USA . 
Fund . Touchstone Focused Fund
TFFIX Fund  USD 83.85  0.08  0.1%   
The current 90-days correlation between Touchstone Focused and Gamco Natural Resources is 0.4 (i.e., Very weak diversification). The correlation of Touchstone Focused 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 Focused Correlation With Market

Very poor diversification

The correlation between Touchstone Focused Fund and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Focused 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 Focused 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 gross domestic product.

Moving together with Touchstone Mutual Fund

  0.96TEGCX Touchstone Sands CapitalPairCorr
  0.9TEGAX Mid Cap GrowthPairCorr
  0.9TEGIX Mid Cap GrowthPairCorr
  0.9TEGYX Mid Cap GrowthPairCorr
  0.65SAGWX Sentinel Small PanyPairCorr
  0.89TEQCX Touchstone SustainabilityPairCorr
  0.89TEQAX Touchstone SustainabilityPairCorr
  0.63SSCOX Sentinel Small PanyPairCorr
  0.65SSRRX Sentinel SmallPairCorr
  1.0TFFCX Touchstone FocusedPairCorr
  0.9TFGRX Touchstone Mid CapPairCorr
  0.75SSSGX Sentinel Low DurationPairCorr
  1.0TFFYX Touchstone FocusedPairCorr
  0.99SBACX Sentinel BalancedPairCorr
  0.85FRACX Touchstone FlexiblePairCorr
  0.85TFSLX Touchstone FlexiblePairCorr
  0.85CFSIX Touchstone Sands CapitalPairCorr
  0.93TGVCX Growth OpportunitiesPairCorr
  0.85TGVFX Growth OpportunitiesPairCorr
  0.93TGVYX Growth OpportunitiesPairCorr
  0.93TGVVX Growth OpportunitiesPairCorr
  0.99SCRLX Sentinel Mon StockPairCorr
  0.99SCSCX Sentinel Mon StockPairCorr
  0.93THIYX High Yield FundPairCorr
  0.9THYCX High Yield FundPairCorr
  0.91THYAX High Yield FundPairCorr
  0.92THYYX High Yield FundPairCorr
  0.65TICSX Touchstone Small PanyPairCorr
  0.99SEBLX Sentinel BalancedPairCorr
  0.81TIMPX Touchstone FundsPairCorr
  0.89TIQIX Touchstone SustainabilityPairCorr
  0.99SENCX Sentinel Mon StockPairCorr
  0.91SWFCX Sentinel InternationalPairCorr
  0.91SWRLX Sentinel InternationalPairCorr
  0.85CISGX Touchstone Sands CapitalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Focused 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 Focused'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.

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