Touchstone Large Correlations

Mutual Funds . USA . 
Fund . Touchstone Large Cap
TFCCX Fund  USD 19.49  0.14  0.72%   
The current 90-days correlation between Touchstone Large Cap and Nuveen Large Cap is 0.84 (i.e., Very poor 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

Good diversification

The correlation between Touchstone Large Cap and DJI is -0.09 (i.e., Good 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 main economic indicators.

Moving together with Touchstone Mutual Fund

  0.92TVOYX Touchstone Small CapPairCorr
  0.89TEGCX Touchstone Sands CapitalPairCorr
  0.94TEGAX Mid Cap GrowthPairCorr
  0.92TEGIX Mid Cap GrowthPairCorr
  0.92TEGYX Mid Cap GrowthPairCorr
  0.96SAGWX Sentinel Small PanyPairCorr
  0.91TEQCX Touchstone SustainabilityPairCorr
  0.92TEQAX Touchstone SustainabilityPairCorr
  0.96SSCOX Sentinel Small PanyPairCorr
  0.96SSRRX Sentinel SmallPairCorr
  0.93TFFCX Touchstone FocusedPairCorr
  0.92TFGRX Touchstone Mid CapPairCorr
  0.94TFFIX Touchstone FocusedPairCorr
  0.87SSSGX Sentinel Low DurationPairCorr
  0.96TFFYX Touchstone FocusedPairCorr
  0.93SBACX Sentinel BalancedPairCorr
  0.74FRACX Touchstone FlexiblePairCorr
  0.94TFOAX Touchstone FocusedPairCorr
  0.81TFSLX Touchstone FlexiblePairCorr
  0.92CFSIX Touchstone Sands CapitalPairCorr
  0.95TGVCX Growth OpportunitiesPairCorr
  0.95TGVFX Growth OpportunitiesPairCorr
  0.94TGVYX Growth OpportunitiesPairCorr
  0.94TGVVX Growth OpportunitiesPairCorr
  0.74SCRLX Sentinel Mon StockPairCorr
  0.96SCSCX Sentinel Mon StockPairCorr
  0.91THIYX High Yield FundPairCorr
  0.91THYCX High Yield FundPairCorr
  0.93THYAX High Yield FundPairCorr
  0.93THYYX High Yield FundPairCorr
  0.92TICSX Touchstone Small PanyPairCorr
  0.95SEBLX Sentinel BalancedPairCorr
  0.89TIQIX Touchstone SustainabilityPairCorr
  0.96SENCX Sentinel Mon StockPairCorr
  0.9SWFCX Sentinel InternationalPairCorr
  0.9SWRLX Sentinel InternationalPairCorr
  0.92CISGX Touchstone Sands CapitalPairCorr
  0.93TLCIX Touchstone Large CapPairCorr

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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