Touchstone Large Correlations

TACLX Fund

USD 19.73 0.11 0.56%

The current 90-days correlation between Touchstone Large Cap and Invesco Global Health is 0.33 (i.e., Weak 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

Weak diversification

The correlation between Touchstone Large Cap and DJI is 0.31 (i.e., Weak 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 bureau of economic analysis.

Moving together with Touchstone Mutual Fund

0.88	TVOYX	Touchstone Small Cap	Pair Corr
0.64	TOIIX	Touchstone International	Pair Corr
0.85	TPYYX	Touchstone Premium Yield	Pair Corr
0.78	RSNYX	Victory Global Natural	Pair Corr
0.82	RMQAX	Monthly Rebalance	Pair Corr
0.82	RMQHX	Monthly Rebalance	Pair Corr
0.74	LSHUX	Horizon Spin Off	Pair Corr
0.72	OAZMX	Oakmark Fund R6	Pair Corr
0.61	ETILX	Eventide Gilead	Pair Corr

Moving against Touchstone Mutual Fund

0.42	TSDCX	Touchstone Ultra Short	Pair Corr
0.44	HIMUX	Pioneer Map High	Pair Corr
0.51	NRABX	Neuberger Berman Absolute	Pair Corr

Related Correlations Analysis

	GTHCX	BGHDX	FHCCX	ETAHX	BHSRX	PJHRX	HHCZX
GTHCX		0.44	0.87	0.88	0.96	0.9	0.48	GTHCX
BGHDX	0.44		0.35	0.67	0.48	0.42	0.15	BGHDX
FHCCX	0.87	0.35		0.78	0.82	0.94	0.39	FHCCX
ETAHX	0.88	0.67	0.78		0.91	0.83	0.55	ETAHX
BHSRX	0.96	0.48	0.82	0.91		0.85	0.49	BHSRX
PJHRX	0.9	0.42	0.94	0.83	0.85		0.43	PJHRX
HHCZX	0.48	0.15	0.39	0.55	0.49	0.43		HHCZX
	GTHCX	BGHDX	FHCCX	ETAHX	BHSRX	PJHRX	HHCZX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GTHCX	0.81	(0.28)	0.00	(0.67)	0.00	0.00	1.02	(1.72)	10.87
BGHDX	0.76	(0.06)	0.00	(1.43)	0.00	0.00	1.38	(1.69)	8.70
FHCCX	0.97	(0.35)	0.00	(0.99)	0.00	0.00	1.19	(2.23)	15.50
ETAHX	1.20	(0.13)	0.00	(0.28)	0.00	0.00	2.03	(2.84)	7.26
BHSRX	0.70	(0.20)	0.00	(0.58)	0.00	0.00	0.94	(1.63)	6.63
PJHRX	1.03	(0.34)	0.00	(1.21)	0.00	0.00	1.07	(2.06)	14.53
HHCZX	0.13	0.00	(0.08)	0.05	0.10	(0.17)	0.24	(0.24)	1.15

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