Touchstone Focused Correlations

Mutual Funds USA . 
Fund . Touchstone Focused Fund
TFFYX Fund  USD 80.43  0.04  0.05%   
The current 90-days correlation between Touchstone Focused and Touchstone Small Cap is 0.81 (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

Almost no diversification

The correlation between Touchstone Focused Fund and DJI is 0.91 (i.e., Almost no 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 manufacturing.

Moving together with Touchstone Mutual Fund

  0.96TVOYX Touchstone Small CapPairCorr
  0.91TEGCX Touchstone Sands CapitalPairCorr
  0.97TEGAX Mid Cap GrowthPairCorr
  0.97TEGIX Mid Cap GrowthPairCorr
  0.97TEGYX Mid Cap GrowthPairCorr
  0.96SAGWX Sentinel Small PanyPairCorr
  0.94TEQCX Touchstone SustainabilityPairCorr
  0.94TEQAX Touchstone SustainabilityPairCorr
  0.95SSCOX Sentinel Small PanyPairCorr
  0.96TFCCX Touchstone Large CapPairCorr
  0.96SSRRX Sentinel SmallPairCorr
  1.0TFFCX Touchstone FocusedPairCorr
  0.97TFGRX Touchstone Mid CapPairCorr
  1.0TFFIX Touchstone FocusedPairCorr
  0.94SSSGX Sentinel Low DurationPairCorr
  1.0SBACX Sentinel BalancedPairCorr
  0.84FRACX Touchstone FlexiblePairCorr
  1.0TFOAX Touchstone FocusedPairCorr
  0.87TFSLX Touchstone FlexiblePairCorr
  0.98CFSIX Touchstone Sands CapitalPairCorr
  0.99TGVCX Growth OpportunitiesPairCorr
  0.99TGVFX Growth OpportunitiesPairCorr
  0.99TGVYX Growth OpportunitiesPairCorr
  0.99TGVVX Growth OpportunitiesPairCorr
  1.0SCRLX Sentinel Mon StockPairCorr
  1.0SCSCX Sentinel Mon StockPairCorr
  0.98THIYX High Yield FundPairCorr
  0.98THYCX High Yield FundPairCorr
  0.99THYAX High Yield FundPairCorr
  0.98THYYX High Yield FundPairCorr
  0.96TICSX Touchstone Small PanyPairCorr
  1.0SEBLX Sentinel BalancedPairCorr
  0.94TIQIX Touchstone SustainabilityPairCorr
  1.0SENCX Sentinel Mon StockPairCorr
  0.97SWFCX Sentinel InternationalPairCorr
  0.97SWRLX Sentinel InternationalPairCorr
  0.98CISGX Touchstone Sands CapitalPairCorr
  0.97TLCIX Touchstone Large CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TVOYX  0.80  0.06  0.05  0.19  0.85 
(0.95)
 2.05 
(1.82)
 6.32 
TEGCX  0.63  0.12  0.08  0.37  0.38 
(0.80)
 1.81 
(0.97)
 4.19 
TEGAX  0.93  0.21  0.18  0.34  0.76 
(1.06)
 2.67 
(1.55)
 5.79 
TEGIX  0.90  0.21  0.18  0.35  0.71 
(1.03)
 2.69 
(1.55)
 5.80 
TEGYX  0.91  0.21  0.18  0.35  0.72 
(1.03)
 2.69 
(1.55)
 5.80 
SAGWX  0.82  0.06  0.06  0.19  0.78 
(0.98)
 2.05 
(1.69)
 6.36 
TEQCX  0.59  0.12  0.08  0.40  0.35 
(0.72)
 1.45 
(1.00)
 3.63 
TEQAX  0.59  0.13  0.09  0.40  0.31 
(0.73)
 1.47 
(0.94)
 3.68 
SSCOX  0.83  0.06  0.06  0.19  0.74 
(1.00)
 2.14 
(1.69)
 6.17 
TFCCX  0.62 (0.02)(0.06) 0.10  0.71 
(0.66)
 1.51 
(1.31)
 3.83 

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