Touchstone Premium Correlations

TPYYX Fund

USD 8.48 0.02 0.24%

The current 90-days correlation between Touchstone Premium Yield and Cb Large Cap is 0.63 (i.e., Poor 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

Poor diversification

The correlation between Touchstone Premium Yield and DJI is 0.62 (i.e., Poor 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 manufacturing.

Moving together with TOUCHSTONE Mutual Fund

0.87	TEGCX	Touchstone Sands Capital	Pair Corr
0.75	TEQCX	Touchstone Sustainability	Pair Corr
0.75	TEQAX	Touchstone Sustainability	Pair Corr
0.89	TFCCX	Touchstone Large Cap	Pair Corr
0.72	SBACX	Sentinel Balanced	Pair Corr
0.84	THIYX	High Yield Fund	Pair Corr
0.86	THYCX	High Yield Fund	Pair Corr
0.82	THYAX	High Yield Fund	Pair Corr
0.84	THYYX	High Yield Fund	Pair Corr
0.74	SEBLX	Sentinel Balanced	Pair Corr
0.69	TIQIX	Touchstone Sustainability	Pair Corr
0.9	TLCIX	Touchstone Large Cap	Pair Corr

Related Correlations Analysis

	CBLSX	TACLX	PAVLX	ANVIX	AMFFX	PAFDX
CBLSX		0.9	0.95	0.84	0.79	0.96	CBLSX
TACLX	0.9		0.9	0.75	0.88	0.89	TACLX
PAVLX	0.95	0.9		0.68	0.81	0.99	PAVLX
ANVIX	0.84	0.75	0.68		0.68	0.68	ANVIX
AMFFX	0.79	0.88	0.81	0.68		0.78	AMFFX
PAFDX	0.96	0.89	0.99	0.68	0.78		PAFDX
	CBLSX	TACLX	PAVLX	ANVIX	AMFFX	PAFDX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CBLSX	0.64	0.01	0.01	0.01	0.81	(0.66)	1.25	(1.25)	3.20
TACLX	0.66	(0.01)	(0.01)	(0.01)	0.88	(0.64)	1.28	(1.48)	3.10
PAVLX	0.62	0.04	0.05	0.06	0.72	(0.72)	1.30	(1.16)	3.20
ANVIX	0.71	(0.06)	0.00	(0.08)	0.00	0.00	1.22	(1.63)	3.29
AMFFX	0.64	(0.06)	0.00	0.30	0.00	0.00	1.09	(1.46)	4.69
PAFDX	0.62	0.04	0.05	0.06	0.74	(0.67)	1.23	(1.15)	3.38

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Touchstone Premium Correlations

Touchstone Premium Correlation With Market

Poor diversification

Moving together with TOUCHSTONE Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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