Touchstone Funds Correlations
| TIMPX Fund | USD 9.06 0.02 0.22% |
The current 90-days correlation between Touchstone Funds and Dreyfus Technology Growth is -0.08 (i.e., Good diversification). The correlation of Touchstone Funds 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 Funds Correlation With Market
Good diversification
The correlation between Touchstone Funds Group and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Funds Group and DJI in the same portfolio, assuming nothing else is changed.
Touchstone |
Moving together with Touchstone Mutual Fund
| 0.67 | TOHCX | Ohio Tax Free | PairCorr |
| 0.96 | VBTLX | Vanguard Total Bond | PairCorr |
| 0.93 | VBMFX | Vanguard Total Bond | PairCorr |
| 0.9 | VBTIX | Vanguard Total Bond | PairCorr |
| 0.79 | VTBSX | Vanguard Total Bond | PairCorr |
| 0.93 | VTBIX | Vanguard Total Bond | PairCorr |
| 0.95 | VTBNX | Vanguard Total Bond | PairCorr |
| 0.89 | FBOFX | American Funds | PairCorr |
| 0.78 | FFBOX | American Funds | PairCorr |
| 0.78 | BFAFX | Bond Fund | PairCorr |
| 0.91 | ABNDX | Bond Fund | PairCorr |
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 Funds 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 Funds' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DTEYX | 1.55 | 0.19 | 0.08 | 0.17 | 2.22 | 3.35 | 17.17 | |||
| ITYYX | 1.46 | 0.22 | 0.10 | 0.20 | 1.98 | 2.98 | 16.38 | |||
| ICTEX | 1.32 | 0.18 | 0.07 | (1.79) | 1.77 | 2.85 | 13.78 | |||
| BTEKX | 1.49 | 0.20 | 0.09 | 0.18 | 1.98 | 3.42 | 17.39 | |||
| HTCIX | 1.48 | 0.14 | 0.06 | 0.14 | 2.11 | 2.93 | 17.06 | |||
| JNGTX | 1.40 | 0.26 | 0.10 | (2.79) | 1.94 | 3.12 | 15.87 | |||
| JGLTX | 1.40 | 0.22 | 0.10 | 0.21 | 1.95 | 3.17 | 15.72 | |||
| FRBRX | 1.59 | (0.11) | 0.00 | (0.09) | 0.00 | 3.18 | 12.27 |