Touchstone Large Correlations
| TFCCX Fund | USD 19.40 0.25 1.31% |
The current 90-days correlation between Touchstone Large Cap and Ftfa Franklin Templeton Growth is 0.79 (i.e., 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
Poor diversification
The correlation between Touchstone Large Cap and DJI is 0.74 (i.e., 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.
Touchstone |
Moving together with Touchstone Mutual Fund
| 0.69 | TFFCX | Touchstone Focused | PairCorr |
| 0.7 | TFFYX | Touchstone Focused | PairCorr |
| 0.81 | SBACX | Sentinel Balanced | PairCorr |
| 0.7 | TFOAX | Touchstone Focused | PairCorr |
| 0.68 | SCRLX | Sentinel Mon Stock | PairCorr |
| 0.66 | SCSCX | Sentinel Mon Stock | PairCorr |
| 0.87 | THYCX | High Yield Fund | PairCorr |
| 0.84 | THYAX | High Yield Fund | PairCorr |
| 0.83 | SEBLX | Sentinel Balanced | PairCorr |
| 0.67 | SENCX | Sentinel Mon Stock | PairCorr |
| 1.0 | TLCYX | Touchstone Large Cap | PairCorr |
| 0.81 | TMARX | Touchstone Arbitrage | PairCorr |
| 0.83 | TMACX | Touchstone Arbitrage | PairCorr |
| 0.84 | SIBLX | Sentinel Balanced | PairCorr |
| 0.68 | SICWX | Sentinel Mon Stock | PairCorr |
Related Correlations Analysis
| 1.0 | 0.88 | 0.54 | 0.7 | 0.54 | FGTZX | ||
| 1.0 | 0.86 | 0.58 | 0.69 | 0.58 | GETFX | ||
| 0.88 | 0.86 | 0.37 | 0.83 | 0.37 | UPDDX | ||
| 0.54 | 0.58 | 0.37 | 0.12 | 1.0 | EIPIX | ||
| 0.7 | 0.69 | 0.83 | 0.12 | 0.12 | MSSGX | ||
| 0.54 | 0.58 | 0.37 | 1.0 | 0.12 | EIPFX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGTZX | 0.61 | (0.01) | 0.00 | (0.08) | 0.00 | 1.01 | 3.38 | |||
| GETFX | 0.58 | 0.00 | 0.00 | (0.07) | 0.00 | 1.04 | 3.31 | |||
| UPDDX | 2.00 | (0.01) | 0.00 | (0.07) | 0.00 | 3.22 | 15.30 | |||
| EIPIX | 0.84 | 0.01 | 0.00 | (0.04) | 0.00 | 1.68 | 7.26 | |||
| MSSGX | 1.76 | (0.12) | 0.00 | (0.16) | 0.00 | 3.70 | 10.50 | |||
| EIPFX | 0.83 | 0.01 | 0.00 | (0.04) | 0.00 | 1.69 | 7.28 |