Touchstone Premium Correlations

TPYCX Fund

USD 8.19 0.07 0.86%

The current 90-days correlation between Touchstone Premium Yield and Blackrock Inflation Protected is 0.19 (i.e., Average diversification). The correlation of Touchstone Premium 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 Premium Correlation With Market

Average diversification

The correlation between Touchstone Premium Yield and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Premium Yield 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 Premium Yield. 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 main economic indicators.

Moving together with Touchstone Mutual Fund

0.62	SAGWX	Sentinel Small Pany	Pair Corr
0.87	TEQCX	Touchstone Sustainability	Pair Corr
0.66	TEQAX	Touchstone Sustainability	Pair Corr
0.67	SSCOX	Sentinel Small Pany	Pair Corr
0.64	SSRRX	Sentinel Small	Pair Corr
0.74	FRACX	Touchstone Flexible	Pair Corr
0.72	TFSLX	Touchstone Flexible	Pair Corr
0.62	TICSX	Touchstone Small Pany	Pair Corr
0.72	TIMPX	Touchstone Funds	Pair Corr
0.65	TIQIX	Touchstone Sustainability	Pair Corr
0.88	SWFCX	Sentinel International	Pair Corr
0.74	FFSAX	Touchstone Flexible	Pair Corr
0.66	TMAPX	Touchstone Mid Cap	Pair Corr

Moving against Touchstone Mutual Fund

0.32

SSSGX

Sentinel Low Duration

Pair Corr

Related Correlations Analysis

	BPRIX	VTSPX	LIFAX	GGJPX	LIPNX	APISX	ATACX
BPRIX		0.72	0.79	0.99	0.98	0.82	0.01	BPRIX
VTSPX	0.72		0.67	0.75	0.8	0.79	0.36	VTSPX
LIFAX	0.79	0.67		0.78	0.8	0.81	0.23	LIFAX
GGJPX	0.99	0.75	0.78		0.98	0.82	0.07	GGJPX
LIPNX	0.98	0.8	0.8	0.98		0.86	0.05	LIPNX
APISX	0.82	0.79	0.81	0.82	0.86		0.15	APISX
ATACX	0.01	0.36	0.23	0.07	0.05	0.15		ATACX
	BPRIX	VTSPX	LIFAX	GGJPX	LIPNX	APISX	ATACX

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Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Premium 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 Premium'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BPRIX	0.22	(0.05)	(1.63)	0.41	(0.51)	1.34
VTSPX	0.09	(0.02)	1.34	0.16	(0.16)	1.35
LIFAX	0.11	(0.02)	(0.83)	0.26	(0.26)	0.69
GGJPX	0.19	(0.05)	(1.26)	0.31	(0.42)	1.16
LIPNX	0.21	(0.05)	(2.31)	0.31	(0.42)	1.36
APISX	0.14	(0.05)	(0.30)	0.19	(0.19)	2.66
ATACX	1.08	(0.05)	(0.15)	2.16	(2.18)	10.18

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