Touchstone Large Correlations

Mutual Funds . USA . 
Fund . Touchstone Large Pany
TLGYX Fund  USD 65.34  0.04  0.06%   
The current 90-days correlation between Touchstone Large Pany and Touchstone Small Cap is -0.12 (i.e., Good 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 Pany and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Large Pany 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 Pany. 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

  0.93TVOYX Touchstone Small CapPairCorr
  0.94TEGCX Touchstone Sands CapitalPairCorr
  0.98TEGAX Mid Cap GrowthPairCorr
  0.97TEGIX Mid Cap GrowthPairCorr
  0.97TEGYX Mid Cap GrowthPairCorr
  0.96SAGWX Sentinel Small PanyPairCorr
  0.96TEQCX Touchstone SustainabilityPairCorr
  0.96TEQAX Touchstone SustainabilityPairCorr
  0.96SSCOX Sentinel Small PanyPairCorr
  0.94TFCCX Touchstone Large CapPairCorr
  0.96SSRRX Sentinel SmallPairCorr
  0.99TFFCX Touchstone FocusedPairCorr
  0.97TFGRX Touchstone Mid CapPairCorr
  0.98TFFIX Touchstone FocusedPairCorr
  0.93SSSGX Sentinel Low DurationPairCorr
  0.98TFFYX Touchstone FocusedPairCorr
  0.97SBACX Sentinel BalancedPairCorr
  0.8FRACX Touchstone FlexiblePairCorr
  0.99TFOAX Touchstone FocusedPairCorr
  0.83TFSLX Touchstone FlexiblePairCorr
  1.0CFSIX Touchstone Sands CapitalPairCorr
  1.0TGVCX Growth OpportunitiesPairCorr
  1.0TGVFX Growth OpportunitiesPairCorr
  0.98TGVYX Growth OpportunitiesPairCorr
  0.98TGVVX Growth OpportunitiesPairCorr
  0.98SCRLX Sentinel Mon StockPairCorr
  0.99SCSCX Sentinel Mon StockPairCorr
  0.97THIYX High Yield FundPairCorr
  0.98THYCX High Yield FundPairCorr
  0.98THYAX High Yield FundPairCorr
  0.97THYYX High Yield FundPairCorr
  0.96TICSX Touchstone Small PanyPairCorr
  0.99SEBLX Sentinel BalancedPairCorr
  0.95TIQIX Touchstone SustainabilityPairCorr
  0.99SENCX Sentinel Mon StockPairCorr
  0.97SWFCX Sentinel InternationalPairCorr
  0.97SWRLX Sentinel InternationalPairCorr
  1.0CISGX Touchstone Sands CapitalPairCorr
  0.95TLCIX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TVOYX  0.80  0.05  0.04  0.18  0.85 
(0.95)
 2.05 
(1.82)
 6.32 
TEGCX  0.63  0.19  0.07 (3.06) 0.38 
(0.80)
 1.81 
(0.97)
 4.19 
TEGAX  0.93  0.37  0.17 (1.41) 0.76 
(1.06)
 2.67 
(1.55)
 5.79 
TEGIX  0.91  0.18  0.16  0.32  0.72 
(1.04)
 2.69 
(1.55)
 5.80 
TEGYX  0.91  0.18  0.16  0.32  0.74 
(1.04)
 2.69 
(1.55)
 5.80 
SAGWX  0.82  0.22  0.06 (0.97) 0.78 
(0.98)
 2.05 
(1.69)
 6.36 
TEQCX  0.59  0.20  0.07 (1.85) 0.35 
(0.72)
 1.45 
(1.00)
 3.63 
TEQAX  0.59  0.20  0.08 (1.89) 0.31 
(0.73)
 1.47 
(0.94)
 3.68 
SSCOX  0.83  0.22  0.06 (0.96) 0.74 
(1.00)
 2.14 
(1.69)
 6.17 
TFCCX  0.62  0.09 (0.07)(1.12) 0.71 
(0.66)
 1.51 
(1.31)
 3.83 

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