Touchstone Sustainability Correlations

TIQIX Fund

USD 28.41 0.32 1.11%

The current 90-days correlation between Touchstone Sustainability and Cambiar Opportunity Fund is 0.54 (i.e., Very weak diversification). The correlation of Touchstone Sustainability 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 Sustainability Correlation With Market

Good diversification

The correlation between Touchstone Sustainability And and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Sustainability And 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 Sustainability And. 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 gross domestic product.

Moving together with Touchstone Mutual Fund

0.71	TEGCX	Touchstone Sands Capital	Pair Corr
0.97	TEQCX	Touchstone Sustainability	Pair Corr
0.97	TEQAX	Touchstone Sustainability	Pair Corr
0.88	SSSGX	Sentinel Low Duration	Pair Corr
0.87	FRACX	Touchstone Flexible	Pair Corr
0.89	TFSLX	Touchstone Flexible	Pair Corr
0.74	THIYX	High Yield Fund	Pair Corr
0.69	THYCX	High Yield Fund	Pair Corr
0.69	THYAX	High Yield Fund	Pair Corr
0.74	THYYX	High Yield Fund	Pair Corr
0.86	TIMPX	Touchstone Funds	Pair Corr
0.94	SWFCX	Sentinel International	Pair Corr
0.94	SWRLX	Sentinel International	Pair Corr
0.61	TLCIX	Touchstone Large Cap	Pair Corr

Moving against Touchstone Mutual Fund

0.6	TGVCX	Growth Opportunities	Pair Corr
0.59	TGVFX	Growth Opportunities	Pair Corr
0.59	TGVYX	Growth Opportunities	Pair Corr
0.46	SSCOX	Sentinel Small Pany	Pair Corr
0.45	SAGWX	Sentinel Small Pany	Pair Corr
0.45	SSRRX	Sentinel Small	Pair Corr
0.41	TVOYX	Touchstone Small Cap	Pair Corr
0.37	TEGIX	Mid Cap Growth	Pair Corr
0.37	TEGYX	Mid Cap Growth	Pair Corr
0.59	TGVVX	Growth Opportunities	Pair Corr
0.53	TMAPX	Touchstone Mid Cap	Pair Corr
0.53	TMCTX	Touchstone Mid Cap	Pair Corr
0.51	TLGYX	Touchstone Large Pany	Pair Corr
0.45	TICSX	Touchstone Small Pany	Pair Corr

Related Correlations Analysis

	CAMWX	JCVIX	TMDPX	SEVAX	ARGYX
CAMWX		0.18	0.77	0.32	0.58	CAMWX
JCVIX	0.18		0.22	0.43	0.02	JCVIX
TMDPX	0.77	0.22		0.57	0.35	TMDPX
SEVAX	0.32	0.43	0.57		-0.11	SEVAX
ARGYX	0.58	0.02	0.35	-0.11		ARGYX
	CAMWX	JCVIX	TMDPX	SEVAX	ARGYX

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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

TMDPX	+ 0.77	CAMWX
ARGYX	+ 0.58	CAMWX
SEVAX	+ 0.57	TMDPX
SEVAX	+ 0.43	JCVIX
ARGYX	+ 0.35	TMDPX
SEVAX	+ 0.32	CAMWX

High negative correlations

ARGYX

- 0.11

SEVAX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Sustainability 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 Sustainability'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
CAMWX	0.57	0.03	0.07	(0.60)	0.65	(0.61)	1.10	(1.18)	2.72
JCVIX	1.29	(0.41)	0.00	(0.55)	0.00	0.00	1.57	(1.57)	31.51
TMDPX	0.95	(0.01)	0.00	(0.03)	0.00	0.00	1.71	(2.18)	4.79
SEVAX	0.86	(0.17)	0.00	3.61	0.00	0.00	1.16	(1.55)	10.11
ARGYX	0.74	0.06	0.06	0.05	0.94	(0.75)	1.61	(1.46)	4.27

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