Touchstone Large Correlations

Mutual Funds . USA . 
Fund . Touchstone Large Cap
TLCIX Fund  USD 19.88  0.26  1.33%   
The current 90-days correlation between Touchstone Large Cap and Ab Impact Municipal is 0.31 (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

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.
  
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 gross domestic product.

Moving together with Touchstone Mutual Fund

  0.62TEQCX Touchstone SustainabilityPairCorr
  0.66TFFCX Touchstone FocusedPairCorr
  0.68TFFYX Touchstone FocusedPairCorr
  0.79SBACX Sentinel BalancedPairCorr
  0.67TFOAX Touchstone FocusedPairCorr
  0.65SCRLX Sentinel Mon StockPairCorr
  0.63SCSCX Sentinel Mon StockPairCorr
  0.88THYCX High Yield FundPairCorr
  0.85THYAX High Yield FundPairCorr
  0.81SEBLX Sentinel BalancedPairCorr
  0.62TIQIX Touchstone SustainabilityPairCorr
  0.65SENCX Sentinel Mon StockPairCorr
  1.0TLCYX Touchstone Large CapPairCorr
  0.83TMARX Touchstone ArbitragePairCorr
  0.84TMACX Touchstone ArbitragePairCorr
  0.82SIBLX Sentinel BalancedPairCorr
  0.65SICWX Sentinel Mon StockPairCorr

Related Correlations Analysis

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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.

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