Touchstone Flexible Correlations

FRACX Fund

USD 10.13 0.01 0.1%

The current 90-days correlation between Touchstone Flexible and Touchstone Sands Capital is -0.04 (i.e., Good diversification). The correlation of Touchstone Flexible 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 Flexible Correlation With Market

Significant diversification

The correlation between Touchstone Flexible Income and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Flexible Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Touchstone Flexible Income. 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

0.69	TVOYX	Touchstone Small Cap	Pair Corr
0.68	TEGAX	Mid Cap Growth	Pair Corr
0.65	SAGWX	Sentinel Small Pany	Pair Corr
0.63	TEQAX	Touchstone Sustainability	Pair Corr
0.64	SSCOX	Sentinel Small Pany	Pair Corr
0.65	TFFCX	Touchstone Focused	Pair Corr
0.65	TFFIX	Touchstone Focused	Pair Corr
0.68	SSSGX	Sentinel Low Duration	Pair Corr
0.65	TFFYX	Touchstone Focused	Pair Corr
0.65	TFOAX	Touchstone Focused	Pair Corr
0.99	TFSLX	Touchstone Flexible	Pair Corr
0.65	SCSCX	Sentinel Mon Stock	Pair Corr
0.72	THIYX	High Yield Fund	Pair Corr
0.72	THYCX	High Yield Fund	Pair Corr
0.71	THYAX	High Yield Fund	Pair Corr
0.72	THYYX	High Yield Fund	Pair Corr
0.7	SEBLX	Sentinel Balanced	Pair Corr
0.84	TIMPX	Touchstone Funds	Pair Corr
0.65	SENCX	Sentinel Mon Stock	Pair Corr
0.99	FFSAX	Touchstone Flexible	Pair Corr
0.73	TMARX	Touchstone Arbitrage	Pair Corr
0.77	TMAYX	Touchstone Arbitrage	Pair Corr

Related Correlations Analysis

	TEGCX	TEGAX	TEGIX	TEFCX	TEGYX	TEMAX	TEMYX	SAGWX	TEQBX
TEGCX		0.97	0.97	0.0	0.97	0.0	0.0	0.97	0.0	TEGCX
TEGAX	0.97		1.0	0.0	1.0	0.0	0.0	0.98	0.0	TEGAX
TEGIX	0.97	1.0		0.0	1.0	0.0	0.0	0.98	0.0	TEGIX
TEFCX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TEFCX
TEGYX	0.97	1.0	1.0	0.0		0.0	0.0	0.98	0.0	TEGYX
TEMAX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TEMAX
TEMYX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TEMYX
SAGWX	0.97	0.98	0.98	0.0	0.98	0.0	0.0		0.0	SAGWX
TEQBX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TEQBX
	TEGCX	TEGAX	TEGIX	TEFCX	TEGYX	TEMAX	TEMYX	SAGWX	TEQBX

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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

TEGIX	+ 1.0	TEGAX
TEGYX	+ 1.0	TEGAX
TEGYX	+ 1.0	TEGIX
SAGWX	+ 0.98	TEGAX
SAGWX	+ 0.98	TEGIX
SAGWX	+ 0.98	TEGYX

High negative correlations

TEQBX	- 0.0	SAGWX
TEQBX	- 0.0	TEMYX
SAGWX	- 0.0	TEMYX
TEQBX	- 0.0	TEMAX
SAGWX	- 0.0	TEMAX
TEMYX	- 0.0	TEMAX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Flexible 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 Flexible'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
TEGCX	0.80	0.33	0.25	(1.93)	0.29	(1.01)	2.14	(1.32)	8.00
TEGAX	1.18	0.50	0.25	(2.59)	0.88	(1.36)	2.96	(1.68)	15.02
TEGIX	1.16	0.50	0.25	(2.70)	0.85	(1.33)	2.98	(1.70)	15.06
TEFCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TEGYX	1.16	0.50	0.25	(2.73)	0.85	(1.33)	2.98	(1.68)	15.08
TEMAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TEMYX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAGWX	1.03	0.34	0.15	(1.30)	0.97	(1.27)	2.13	(2.09)	12.79
TEQBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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