Touchstone Focused Correlations

Mutual Funds . USA . 
Fund . Touchstone Focused Fund
TFFCX Fund  USD 66.93  0.42  0.63%   
The current 90-days correlation between Touchstone Focused and Pnc International Growth is 0.84 (i.e., Very poor diversification). The correlation of Touchstone Focused 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 Focused Correlation With Market

Good diversification

The correlation between Touchstone Focused Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Focused Fund 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 Focused Fund. 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

  0.87TVOYX Touchstone Small CapPairCorr
  0.94TEGAX Mid Cap GrowthPairCorr
  0.87TEGYX Mid Cap GrowthPairCorr
  0.96SAGWX Sentinel Small PanyPairCorr
  0.97TGVFX Growth OpportunitiesPairCorr
  1.0SCSCX Sentinel Mon StockPairCorr
  1.0SEBLX Sentinel BalancedPairCorr
  0.92TIQIX Touchstone SustainabilityPairCorr
  1.0SENCX Sentinel Mon StockPairCorr
  0.91SWRLX Sentinel InternationalPairCorr
  0.94CISGX Touchstone Sands CapitalPairCorr
  0.93SICWX Sentinel Mon StockPairCorr
  0.94TMPRX Touchstone Mid CapPairCorr
  0.91TOIIX Touchstone InternationalPairCorr
  0.81TPYYX Touchstone Premium YieldPairCorr
  0.84TACLX Touchstone Large CapPairCorr
  0.9TSEMX Touchstone Sands CapitalPairCorr
  0.68TSDCX Touchstone Ultra ShortPairCorr
  0.94TSNAX Touchstone Sands CapitalPairCorr
  0.9TCVYX Touchstone Mid CapPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.92VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.92VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.92VINIX Vanguard InstitutionalPairCorr
  0.92VIIIX Vanguard InstitutionalPairCorr
  0.91VTISX Vanguard Total InterPairCorr
  0.91VTSNX Vanguard Total InterPairCorr
  0.86VTPSX Vanguard Total InterPairCorr
  0.92RLBFX American BalancedPairCorr
  0.95SEMTX Hartford SchrodersPairCorr
  0.97CWIAX Capital World GrowthPairCorr
  0.96AMANX Amana IncomePairCorr
  0.94AGDAX Ab High IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Focused 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 Focused'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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