Touchstone Focused Correlations

Mutual Funds USA . 
Fund . Touchstone Focused Fund
TFOAX Fund  USD 80.48  0.82  1.03%   
The current 90-days correlation between Touchstone Focused and Deutsche Gold Precious is 0.23 (i.e., Modest 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

Significant diversification

The correlation between Touchstone Focused Fund and DJI is 0.01 (i.e., Significant 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 nation.

Moving together with Touchstone Mutual Fund

  0.86TEGCX Touchstone Sands CapitalPairCorr
  0.8TEGAX Mid Cap GrowthPairCorr
  0.62TEGIX Mid Cap GrowthPairCorr
  0.62TEGYX Mid Cap GrowthPairCorr
  0.81TEQCX Touchstone SustainabilityPairCorr
  0.8TEQAX Touchstone SustainabilityPairCorr
  1.0TFFCX Touchstone FocusedPairCorr
  0.8TFGRX Touchstone Mid CapPairCorr
  1.0TFFIX Touchstone FocusedPairCorr
  1.0TFFYX Touchstone FocusedPairCorr
  0.97SBACX Sentinel BalancedPairCorr
  0.69FRACX Touchstone FlexiblePairCorr
  0.72CFSIX Touchstone Sands CapitalPairCorr
  0.86TGVCX Growth OpportunitiesPairCorr
  0.86TGVFX Growth OpportunitiesPairCorr
  0.85TGVYX Growth OpportunitiesPairCorr
  0.79TGVVX Growth OpportunitiesPairCorr
  0.96SCRLX Sentinel Mon StockPairCorr
  0.97SCSCX Sentinel Mon StockPairCorr
  0.68THIYX High Yield FundPairCorr
  0.75THYCX High Yield FundPairCorr
  0.75THYAX High Yield FundPairCorr
  0.69THYYX High Yield FundPairCorr
  0.95SEBLX Sentinel BalancedPairCorr
  0.8TIQIX Touchstone SustainabilityPairCorr
  0.96SENCX Sentinel Mon StockPairCorr
  0.62SWRLX Sentinel InternationalPairCorr
  0.72CISGX Touchstone Sands CapitalPairCorr

Related Correlations Analysis


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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