Touchstone Large Correlations

Mutual Funds . USA . 
Fund . Touchstone Large Cap
TLCIX Fund  USD 20.10  0.06  0.30%   
The current 90-days correlation between Touchstone Large Cap and Touchstone Small Cap is 0.88 (i.e., Very poor diversification). The correlation of Touchstone Large 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 Large Correlation With Market

Very poor diversification

The correlation between Touchstone Large Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Large Cap 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 Large Cap. 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

  0.97TVOYX Touchstone Small CapPairCorr
  0.89TEGCX Touchstone Sands CapitalPairCorr
  0.94TEGAX Mid Cap GrowthPairCorr
  0.94TEGIX Mid Cap GrowthPairCorr
  0.94TEGYX Mid Cap GrowthPairCorr
  0.96SAGWX Sentinel Small PanyPairCorr
  0.92TEQCX Touchstone SustainabilityPairCorr
  0.92TEQAX Touchstone SustainabilityPairCorr
  0.96SSCOX Sentinel Small PanyPairCorr
  1.0TFCCX Touchstone Large CapPairCorr
  0.96SSRRX Sentinel SmallPairCorr
  0.97TFFCX Touchstone FocusedPairCorr
  0.94TFGRX Touchstone Mid CapPairCorr
  0.97TFFIX Touchstone FocusedPairCorr
  0.88SSSGX Sentinel Low DurationPairCorr
  0.97TFFYX Touchstone FocusedPairCorr
  0.96SBACX Sentinel BalancedPairCorr
  0.79FRACX Touchstone FlexiblePairCorr
  0.97TFOAX Touchstone FocusedPairCorr
  0.82TFSLX Touchstone FlexiblePairCorr
  0.94CFSIX Touchstone Sands CapitalPairCorr
  0.96TGVCX Growth OpportunitiesPairCorr
  0.96TGVFX Growth OpportunitiesPairCorr
  0.96TGVYX Growth OpportunitiesPairCorr
  0.96TGVVX Growth OpportunitiesPairCorr
  0.96SCRLX Sentinel Mon StockPairCorr
  0.96SCSCX Sentinel Mon StockPairCorr
  0.94THIYX High Yield FundPairCorr
  0.94THYCX High Yield FundPairCorr
  0.94THYAX High Yield FundPairCorr
  0.93THYYX High Yield FundPairCorr
  0.96TICSX Touchstone Small PanyPairCorr
  0.96SEBLX Sentinel BalancedPairCorr
  0.92TIQIX Touchstone SustainabilityPairCorr
  0.96SENCX Sentinel Mon StockPairCorr
  0.91SWFCX Sentinel InternationalPairCorr
  0.91SWRLX Sentinel InternationalPairCorr
  0.94CISGX Touchstone Sands CapitalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Large 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 Large'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  0.06  0.05  0.19  0.85 
(0.95)
 2.05 
(1.82)
 6.32 
TEGCX  0.63  0.12  0.08  0.37  0.38 
(0.80)
 1.81 
(0.97)
 4.19 
TEGAX  0.93  0.21  0.18  0.34  0.76 
(1.06)
 2.67 
(1.55)
 5.79 
TEGIX  0.90  0.21  0.18  0.35  0.71 
(1.03)
 2.69 
(1.55)
 5.80 
TEGYX  0.91  0.21  0.18  0.35  0.72 
(1.03)
 2.69 
(1.55)
 5.80 
SAGWX  0.82  0.06  0.06  0.19  0.78 
(0.98)
 2.05 
(1.69)
 6.36 
TEQCX  0.59  0.12  0.08  0.40  0.35 
(0.72)
 1.45 
(1.00)
 3.63 
TEQAX  0.59  0.13  0.09  0.40  0.31 
(0.73)
 1.47 
(0.94)
 3.68 
SSCOX  0.83  0.06  0.06  0.19  0.74 
(1.00)
 2.14 
(1.69)
 6.17 
TFCCX  0.62 (0.02)(0.06) 0.10  0.71 
(0.66)
 1.51 
(1.31)
 3.83 

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