Touchstone Arbitrage Correlations

Mutual Funds . USA . 
Fund . Touchstone Arbitrage Fund
TMACX Fund  USD 8.74  0.01  0.11%   
The current 90-days correlation between Touchstone Arbitrage and Touchstone Small Cap is -0.09 (i.e., Good diversification). The correlation of Touchstone Arbitrage 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 Arbitrage Correlation With Market

Poor diversification

The correlation between Touchstone Arbitrage Fund and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Arbitrage 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 Arbitrage 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

  0.72TVOYX Touchstone Small CapPairCorr
  0.69TEGCX Touchstone Sands CapitalPairCorr
  0.71TEGAX Mid Cap GrowthPairCorr
  0.71TEGIX Mid Cap GrowthPairCorr
  0.71TEGYX Mid Cap GrowthPairCorr
  0.71SAGWX Sentinel Small PanyPairCorr
  0.75TEQCX Touchstone SustainabilityPairCorr
  0.75TEQAX Touchstone SustainabilityPairCorr
  0.65SSCOX Sentinel Small PanyPairCorr
  0.93SSRRX Sentinel SmallPairCorr
  0.98TFFCX Touchstone FocusedPairCorr
  0.96TFGRX Touchstone Mid CapPairCorr
  0.98TFFIX Touchstone FocusedPairCorr
  0.95SSSGX Sentinel Low DurationPairCorr
  0.98TFFYX Touchstone FocusedPairCorr
  0.88FRACX Touchstone FlexiblePairCorr
  0.62TFSLX Touchstone FlexiblePairCorr
  0.97CFSIX Touchstone Sands CapitalPairCorr
  0.98TGVFX Growth OpportunitiesPairCorr
  0.98TGVYX Growth OpportunitiesPairCorr
  0.98TGVVX Growth OpportunitiesPairCorr
  0.98SCRLX Sentinel Mon StockPairCorr
  0.98SCSCX Sentinel Mon StockPairCorr
  1.0THIYX High Yield FundPairCorr
  1.0THYCX High Yield FundPairCorr
  1.0THYAX High Yield FundPairCorr
  1.0THYYX High Yield FundPairCorr
  0.93TICSX Touchstone Small PanyPairCorr
  0.61TIMPX Touchstone FundsPairCorr
  0.94TIQIX Touchstone SustainabilityPairCorr
  0.73SENCX Sentinel Mon StockPairCorr
  0.98SWFCX Sentinel InternationalPairCorr
  0.76SWRLX Sentinel InternationalPairCorr
  0.73CISGX Touchstone Sands CapitalPairCorr
  0.93TLCIX Touchstone Large CapPairCorr
  0.93TLCYX Touchstone Large CapPairCorr
  0.97TLGYX Touchstone Large PanyPairCorr
  0.9FFSAX Touchstone FlexiblePairCorr
  0.92TMAPX Touchstone Mid 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 Arbitrage 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 Arbitrage'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  0.78  0.24  0.09 (1.57) 0.77 
(0.95)
 2.05 
(1.39)
 6.32 
TEGCX  0.57  0.15  0.05  2.69  0.33 
(0.73)
 1.43 
(0.87)
 4.19 
TEGAX  0.89  0.40  0.29  6.34  0.35 
(1.08)
 2.67 
(1.24)
 5.79 
TEGIX  0.87  0.40  0.30  4.50  0.26 
(1.05)
 2.69 
(1.22)
 5.80 
TEGYX  0.87  0.40  0.30  4.29  0.27 
(1.05)
 2.69 
(1.22)
 5.80 
SAGWX  0.78  0.22  0.08 (63.42) 0.69 
(0.95)
 1.98 
(1.62)
 6.36 
TEQCX  0.57  0.17  0.06 (19.31) 0.35 
(0.70)
 1.45 
(1.00)
 3.63 
TEQAX  0.56  0.15  0.04  2.06  0.38 
(0.68)
 1.41 
(0.94)
 3.68 
SSCOX  0.78  0.21  0.08 (20.20) 0.64 
(0.97)
 2.10 
(1.50)
 6.17 
TFCCX  0.54  0.12 (0.03)(1.85) 0.51 
(0.61)
 1.12 
(1.12)
 3.83 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY