Touchstone Large Correlations

Mutual Funds USA . 
Fund . Touchstone Large Cap
TLCYX Fund  USD 20.08  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 manufacturing.

Moving together with Touchstone Mutual Fund

  0.97TVOYX Touchstone Small CapPairCorr
  0.88TEGCX Touchstone Sands CapitalPairCorr
  0.92TEGAX Mid Cap GrowthPairCorr
  0.94TEGIX Mid Cap GrowthPairCorr
  0.94TEGYX Mid Cap GrowthPairCorr
  0.93SAGWX Sentinel Small PanyPairCorr
  0.89TEQCX Touchstone SustainabilityPairCorr
  0.9TEQAX Touchstone SustainabilityPairCorr
  0.93SSCOX Sentinel Small PanyPairCorr
  0.93TFCCX Touchstone Large CapPairCorr
  0.93SSRRX Sentinel SmallPairCorr
  0.97TFFCX Touchstone FocusedPairCorr
  0.94TFGRX Touchstone Mid CapPairCorr
  0.97TFFIX Touchstone FocusedPairCorr
  0.87SSSGX Sentinel Low DurationPairCorr
  0.97TFFYX Touchstone FocusedPairCorr
  0.96SBACX Sentinel BalancedPairCorr
  0.79FRACX Touchstone FlexiblePairCorr
  0.97TFOAX Touchstone FocusedPairCorr
  0.82TFSLX Touchstone FlexiblePairCorr
  0.91CFSIX Touchstone Sands CapitalPairCorr
  0.93TGVCX Growth OpportunitiesPairCorr
  0.93TGVFX Growth OpportunitiesPairCorr
  0.96TGVYX Growth OpportunitiesPairCorr
  0.96TGVVX Growth OpportunitiesPairCorr
  0.96SCRLX Sentinel Mon StockPairCorr
  0.93SCSCX Sentinel Mon StockPairCorr
  0.94THIYX High Yield FundPairCorr
  0.93THYCX High Yield FundPairCorr
  0.93THYAX High Yield FundPairCorr
  0.93THYYX High Yield FundPairCorr
  0.96TICSX Touchstone Small PanyPairCorr
  0.93SEBLX Sentinel BalancedPairCorr
  0.92TIQIX Touchstone SustainabilityPairCorr
  0.93SENCX Sentinel Mon StockPairCorr
  0.89SWFCX Sentinel InternationalPairCorr
  0.89SWRLX Sentinel InternationalPairCorr
  0.94CISGX Touchstone Sands CapitalPairCorr
  1.0TLCIX 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 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  0.64  0.22  0.11 (2.97) 0.31 
(0.80)
 1.81 
(0.97)
 4.19 
TEGAX  0.93  0.38  0.18 (1.42) 0.75 
(1.07)
 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  0.24  0.08 (1.03) 0.78 
(0.97)
 2.05 
(1.69)
 6.36 
TEQCX  0.59  0.23  0.12 (1.91) 0.27 
(0.73)
 1.45 
(1.00)
 3.63 
TEQAX  0.59  0.23  0.13 (1.95) 0.25 
(0.74)
 1.47 
(0.94)
 3.68 
SSCOX  0.83  0.24  0.08 (1.02) 0.74 
(1.00)
 2.14 
(1.69)
 6.17 
TFCCX  0.64  0.11 (0.04)(1.17) 0.68 
(0.69)
 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