Touchstone Flexible Correlations

Mutual Funds . USA . 
Fund . Touchstone Flexible Income
FFSAX Fund  USD 10.33  0.02  0.19%   
The current 90-days correlation between Touchstone Flexible and Clearbridge Energy Mlp is -0.1 (i.e., Good diversification). The correlation of Touchstone Flexible 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 Flexible Correlation With Market

Average diversification

The correlation between Touchstone Flexible Income and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Flexible Income 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 Flexible Income. 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 nation.

Moving together with Touchstone Mutual Fund

  0.73TEQCX Touchstone SustainabilityPairCorr
  0.84TEQAX Touchstone SustainabilityPairCorr
  0.81SSSGX Sentinel Low DurationPairCorr
  0.88FRACX Touchstone FlexiblePairCorr
  1.0TFSLX Touchstone FlexiblePairCorr
  0.64THIYX High Yield FundPairCorr
  0.63THYCX High Yield FundPairCorr
  0.61THYAX High Yield FundPairCorr
  0.68THYYX High Yield FundPairCorr
  0.86TIMPX Touchstone FundsPairCorr
  0.82TIQIX Touchstone SustainabilityPairCorr
  0.83SWFCX Sentinel InternationalPairCorr
  0.76SWRLX Sentinel InternationalPairCorr

Moving against Touchstone Mutual Fund

  0.65TGVCX Growth OpportunitiesPairCorr
  0.62TGVYX Growth OpportunitiesPairCorr
  0.57TGVFX Growth OpportunitiesPairCorr
  0.51SAGWX Sentinel Small PanyPairCorr
  0.51SSRRX Sentinel SmallPairCorr
  0.48SSCOX Sentinel Small PanyPairCorr
  0.44TVOYX Touchstone Small CapPairCorr
  0.44TEGAX Mid Cap GrowthPairCorr
  0.44TEGIX Mid Cap GrowthPairCorr
  0.41TEGYX Mid Cap GrowthPairCorr
  0.41TFGRX Touchstone Mid CapPairCorr
  0.59TMAPX Touchstone Mid CapPairCorr
  0.56TGVVX Growth OpportunitiesPairCorr
  0.55TICSX Touchstone Small PanyPairCorr
  0.54TLGYX Touchstone Large PanyPairCorr
  0.51TMCTX Touchstone Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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