Touchstone Small Correlations

Mutual Funds . USA . 
Fund . Touchstone Small Pany
TICSX Fund  USD 7.20  0.08  1.12%   
The current 90-days correlation between Touchstone Small Pany and Touchstone Small Cap is 0.94 (i.e., Almost no diversification). The correlation of Touchstone Small 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 Small Correlation With Market

Very poor diversification

The correlation between Touchstone Small Pany and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Small Pany 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 Small Pany. 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 state.

Moving together with TOUCHSTONE Mutual Fund

  0.99TVOYX Touchstone Small CapPairCorr
  0.93TEGCX Touchstone Sands CapitalPairCorr
  0.95TEGAX Mid Cap GrowthPairCorr
  0.97TEGIX Mid Cap GrowthPairCorr
  0.97TEGYX Mid Cap GrowthPairCorr
  0.97SAGWX Sentinel Small PanyPairCorr
  0.93TEQCX Touchstone SustainabilityPairCorr
  0.93TEQAX Touchstone SustainabilityPairCorr
  0.97SSCOX Sentinel Small PanyPairCorr
  0.92TFCCX Touchstone Large CapPairCorr
  1.0SSRRX Sentinel SmallPairCorr
  0.93TFFCX Touchstone FocusedPairCorr
  0.97TFGRX Touchstone Mid CapPairCorr
  0.96TFFIX Touchstone FocusedPairCorr
  0.84SSSGX Sentinel Low DurationPairCorr
  0.96TFFYX Touchstone FocusedPairCorr
  0.94SBACX Sentinel BalancedPairCorr
  0.73FRACX Touchstone FlexiblePairCorr
  0.93TFOAX Touchstone FocusedPairCorr
  0.75TFSLX Touchstone FlexiblePairCorr
  0.95CFSIX Touchstone Sands CapitalPairCorr
  0.93TGVCX Growth OpportunitiesPairCorr
  0.93TGVFX Growth OpportunitiesPairCorr
  0.96TGVYX Growth OpportunitiesPairCorr
  0.96TGVVX Growth OpportunitiesPairCorr
  0.95SCRLX Sentinel Mon StockPairCorr
  0.93SCSCX Sentinel Mon StockPairCorr
  0.93THIYX High Yield FundPairCorr
  0.91THYCX High Yield FundPairCorr
  0.93THYAX High Yield FundPairCorr
  0.91THYYX High Yield FundPairCorr
  0.92SEBLX Sentinel BalancedPairCorr
  0.93TIQIX Touchstone SustainabilityPairCorr
  0.93SENCX Sentinel Mon StockPairCorr
  0.9SWFCX Sentinel InternationalPairCorr
  0.89SWRLX Sentinel InternationalPairCorr
  0.94CISGX Touchstone Sands CapitalPairCorr
  0.92TLCIX Touchstone Large CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between TOUCHSTONE Mutual Fund performing well and Touchstone Small 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 Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TVOYX  0.80  0.04  0.04  0.20  0.85 
(0.95)
 2.05 
(1.82)
 6.32 
TEGCX  0.62  0.17  0.00 (4.96) 0.40 
(0.79)
 1.81 
(0.97)
 4.19 
TEGAX  0.93  0.36  0.13 (1.31) 0.78 
(1.06)
 2.67 
(1.55)
 5.79 
TEGIX  0.89  0.17  0.15  0.34  0.66 
(1.04)
 2.69 
(1.39)
 5.80 
TEGYX  0.89  0.17  0.15  0.34  0.66 
(1.04)
 2.69 
(1.42)
 5.80 
SAGWX  0.82  0.23  0.03 (0.88) 0.78 
(0.98)
 2.05 
(1.69)
 6.36 
TEQCX  0.58  0.19  0.01 (2.30) 0.36 
(0.71)
 1.45 
(1.00)
 3.63 
TEQAX  0.58  0.19  0.02 (2.36) 0.33 
(0.71)
 1.47 
(0.94)
 3.68 
SSCOX  0.83  0.23  0.02 (0.84) 0.74 
(1.00)
 2.14 
(1.69)
 6.17 
TFCCX  0.61  0.11 (0.09)(0.85) 0.69 
(0.66)
 1.51 
(1.31)
 3.83 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY