Mid Cap Correlations

TOECX Fund

USD 40.82 0.39 0.96%

The current 90-days correlation between Mid Cap Growth and Mid Cap Growth is -0.22 (i.e., Very good diversification). The correlation of Mid Cap 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.

Mid Cap Correlation With Market

Poor diversification

The correlation between Mid Cap Growth 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 Mid Cap Growth 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 Mid Cap Growth. 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 interest.

Moving together with Mid Mutual Fund

0.85	TEGAX	Mid Cap Growth	Pair Corr
0.85	TEGIX	Mid Cap Growth	Pair Corr
0.99	TEGYX	Mid Cap Growth	Pair Corr
0.64	TEQAX	Touchstone Sustainability	Pair Corr
0.63	SSCOX	Sentinel Small Pany	Pair Corr
0.65	SSRRX	Sentinel Small	Pair Corr
0.9	TFFCX	Touchstone Focused	Pair Corr
1.0	TFGRX	Touchstone Mid Cap	Pair Corr
0.82	TFFIX	Touchstone Focused	Pair Corr
0.7	SSSGX	Sentinel Low Duration	Pair Corr
0.82	SBACX	Sentinel Balanced	Pair Corr
0.8	TFSLX	Touchstone Flexible	Pair Corr
0.73	CFSIX	Touchstone Sands Capital	Pair Corr
0.8	TGVCX	Growth Opportunities	Pair Corr
0.78	TGVVX	Growth Opportunities	Pair Corr
0.79	SCRLX	Sentinel Mon Stock	Pair Corr
0.72	SCSCX	Sentinel Mon Stock	Pair Corr
0.78	THYAX	High Yield Fund	Pair Corr
0.77	SEBLX	Sentinel Balanced	Pair Corr
0.76	TIMPX	Touchstone Funds	Pair Corr
0.64	TIQIX	Touchstone Sustainability	Pair Corr
0.72	SENCX	Sentinel Mon Stock	Pair Corr
0.7	SWFCX	Sentinel International	Pair Corr
0.67	SWRLX	Sentinel International	Pair Corr
0.87	CISGX	Touchstone Sands Capital	Pair Corr
0.79	TMARX	Touchstone Arbitrage	Pair Corr
0.82	TMAYX	Touchstone Arbitrage	Pair Corr
0.82	TMACX	Touchstone Arbitrage	Pair Corr
0.88	SIBLX	Sentinel Balanced	Pair Corr
0.72	SICWX	Sentinel Mon Stock	Pair Corr
0.7	SIIEX	Sentinel International	Pair Corr
0.7	TOIIX	Touchstone International	Pair Corr
0.81	DSMLX	Touchstone Large Pany	Pair Corr

Moving against Mid Mutual Fund

0.41	TMCPX	Touchstone Mid Cap	Pair Corr
0.41	TMPRX	Touchstone Mid Cap	Pair Corr

Related Correlations Analysis

	TEGAX	TEGYX	DMIDX	EVSYX	WSMDX	WSMNX	LEVIX	RPFFX	SWYGX	ACEVX
TEGAX		0.85	0.51	0.68	0.77	0.9	0.7	0.09	0.86	0.13	TEGAX
TEGYX	0.85		0.74	0.68	0.92	0.81	0.6	0.04	0.79	0.27	TEGYX
DMIDX	0.51	0.74		0.37	0.9	0.7	0.24	0.44	0.49	0.44	DMIDX
EVSYX	0.68	0.68	0.37		0.65	0.67	0.85	-0.29	0.9	0.28	EVSYX
WSMDX	0.77	0.92	0.9	0.65		0.86	0.53	0.2	0.77	0.4	WSMDX
WSMNX	0.9	0.81	0.7	0.67	0.86		0.64	0.32	0.85	0.26	WSMNX
LEVIX	0.7	0.6	0.24	0.85	0.53	0.64		-0.16	0.89	0.31	LEVIX
RPFFX	0.09	0.04	0.44	-0.29	0.2	0.32	-0.16		-0.06	0.15	RPFFX
SWYGX	0.86	0.79	0.49	0.9	0.77	0.85	0.89	-0.06		0.38	SWYGX
ACEVX	0.13	0.27	0.44	0.28	0.4	0.26	0.31	0.15	0.38		ACEVX
	TEGAX	TEGYX	DMIDX	EVSYX	WSMDX	WSMNX	LEVIX	RPFFX	SWYGX	ACEVX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WSMDX	+ 0.92	TEGYX
WSMNX	+ 0.9	TEGAX
WSMDX	+ 0.9	DMIDX
SWYGX	+ 0.9	EVSYX
SWYGX	+ 0.89	LEVIX
SWYGX	+ 0.86	TEGAX

High negative correlations

RPFFX	- 0.29	EVSYX
RPFFX	- 0.16	LEVIX
SWYGX	- 0.06	RPFFX

Risk-Adjusted Indicators

There is a big difference between Mid Mutual Fund performing well and Mid Cap 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 Mid Cap'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEGAX	0.71	0.01	(0.11)	(0.01)	0.86	(0.79)	1.30	(1.47)	4.19
TEGYX	0.72	(0.07)	(0.08)	0.02	0.85	(0.80)	1.32	(1.48)	4.18
DMIDX	0.73	(0.06)	(0.04)	0.05	0.79	(0.82)	1.62	(1.15)	5.57
EVSYX	0.34	0.08	(0.04)	(1.73)	0.19	(0.52)	0.96	(0.60)	2.52
WSMDX	0.80	(0.05)	(0.01)	0.06	0.94	(0.85)	1.77	(1.40)	5.80
WSMNX	0.78	0.08	(0.03)	(0.50)	0.94	(0.84)	1.76	(1.39)	5.79
LEVIX	0.96	0.13	(0.01)	(0.18)	1.13	(1.11)	1.99	(2.04)	7.03
RPFFX	0.85	0.04	(0.07)	(0.27)	0.92	(0.98)	1.90	(1.46)	6.00
SWYGX	0.38	0.08	(0.05)	(0.73)	0.42	(0.41)	0.89	(0.61)	3.28
ACEVX	0.50	(0.01)	(0.07)	0.08	0.57	(0.53)	1.17	(0.91)	2.75

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