Touchstone Large Correlations

DSMLX Fund

USD 59.60 0.68 1.15%

The current 90-days correlation between Touchstone Large Pany and Touchstone Large Pany is 1.0 (i.e., No risk reduction). 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 weak diversification

The correlation between Touchstone Large Pany and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Large Pany and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Touchstone Large 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 bureau of economic analysis.

Moving together with Touchstone Mutual Fund

0.74	FAFGX	American Funds	Pair Corr
0.74	FFAFX	American Funds	Pair Corr
0.7	GFACX	Growth Fund	Pair Corr
0.61	GFAFX	Growth Fund	Pair Corr
0.7	AGTHX	Growth Fund	Pair Corr
0.74	CGFFX	Growth Fund	Pair Corr
0.7	CGFCX	Growth Fund	Pair Corr
0.74	CGFAX	Growth Fund	Pair Corr
0.73	CGFEX	Growth Fund	Pair Corr
0.74	RGAEX	Growth Fund	Pair Corr
0.63	HD	Home Depot	Pair Corr

Moving against Touchstone Mutual Fund

0.38

PFE

Pfizer Inc Fiscal Year End 4th of February 2025

Pair Corr

Related Correlations Analysis

	TSAGX	ASDEX	CTYRX	CTHRX	BFTIX
TSAGX		0.85	-0.01	0.42	0.58	TSAGX
ASDEX	0.85		-0.28	0.61	0.73	ASDEX
CTYRX	-0.01	-0.28		-0.3	-0.33	CTYRX
CTHRX	0.42	0.61	-0.3		0.71	CTHRX
BFTIX	0.58	0.73	-0.33	0.71		BFTIX
	TSAGX	ASDEX	CTYRX	CTHRX	BFTIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ASDEX	+ 0.85	TSAGX
BFTIX	+ 0.73	ASDEX
BFTIX	+ 0.71	CTHRX
CTHRX	+ 0.61	ASDEX
BFTIX	+ 0.58	TSAGX
CTHRX	+ 0.42	TSAGX

High negative correlations

BFTIX	- 0.33	CTYRX
CTHRX	- 0.3	CTYRX
CTYRX	- 0.28	ASDEX
CTYRX	- 0.01	TSAGX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TSAGX	0.89	0.00	(0.01)	0.02	1.18	(0.93)	1.71	(2.13)	6.00
ASDEX	0.89	(0.01)	(0.01)	0.01	1.36	(0.85)	1.64	(2.19)	5.88
CTYRX	0.88	0.07	0.03	(0.32)	1.14	(1.11)	1.95	(2.55)	5.14
CTHRX	0.99	0.04	0.02	0.14	1.30	(1.02)	1.96	(2.48)	5.99
BFTIX	1.10	0.14	0.10	0.18	1.31	(1.27)	2.48	(2.39)	7.02

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