Touchstone Small Correlations

Mutual Funds . USA . 
Fund . Touchstone Small Cap
TSFAX Fund  USD 14.52  0.16  1.09%   
The current 90-days correlation between Touchstone Small Cap and Touchstone Small Cap is 0.05 (i.e., Significant diversification). The correlation of Touchstone Small 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 Small Correlation With Market

Good diversification

The correlation between Touchstone Small Cap and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Small Cap 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 Small Cap. 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

  0.69TVOYX Touchstone Small CapPairCorr
  0.91TEGCX Touchstone Sands CapitalPairCorr
  0.94TEGIX Mid Cap GrowthPairCorr
  0.94TEGYX Mid Cap GrowthPairCorr
  0.98SAGWX Sentinel Small PanyPairCorr
  0.65TEQCX Touchstone SustainabilityPairCorr
  0.92TEQAX Touchstone SustainabilityPairCorr
  0.98SSCOX Sentinel Small PanyPairCorr
  0.98TFCCX Touchstone Large CapPairCorr
  0.98SSRRX Sentinel SmallPairCorr
  0.94TFFCX Touchstone FocusedPairCorr
  0.94TFGRX Touchstone Mid CapPairCorr
  0.94TFFIX Touchstone FocusedPairCorr
  0.84SSSGX Sentinel Low DurationPairCorr
  0.94TFFYX Touchstone FocusedPairCorr
  0.94SBACX Sentinel BalancedPairCorr
  0.77FRACX Touchstone FlexiblePairCorr
  0.94TFOAX Touchstone FocusedPairCorr
  0.79TFSLX Touchstone FlexiblePairCorr
  0.92CFSIX Touchstone Sands CapitalPairCorr
  0.94TGVCX Growth OpportunitiesPairCorr
  0.94TGVFX Growth OpportunitiesPairCorr
  0.94TGVYX Growth OpportunitiesPairCorr
  0.94TGVVX Growth OpportunitiesPairCorr
  0.94SCRLX Sentinel Mon StockPairCorr
  0.94SCSCX Sentinel Mon StockPairCorr
  0.92THIYX High Yield FundPairCorr
  0.92THYCX High Yield FundPairCorr
  0.93THYAX High Yield FundPairCorr
  0.92THYYX High Yield FundPairCorr
  0.98TICSX Touchstone Small PanyPairCorr
  0.94SEBLX Sentinel BalancedPairCorr
  0.92TIQIX Touchstone SustainabilityPairCorr
  0.94SENCX Sentinel Mon StockPairCorr
  0.89SWFCX Sentinel InternationalPairCorr
  0.89SWRLX Sentinel InternationalPairCorr
  0.98TLCIX Touchstone Large 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 Small 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 Small'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  0.75  0.19  0.05 (7.28) 0.79 
(0.91)
 1.91 
(1.39)
 6.32 
TEGCX  0.63  0.19  0.07 (3.06) 0.38 
(0.80)
 1.81 
(0.97)
 4.19 
TEGAX  0.86  0.29  0.25  0.57  0.41 
(1.04)
 2.55 
(1.24)
 5.79 
TEGIX  0.90  0.37  0.17 (1.40) 0.71 
(1.03)
 2.69 
(1.55)
 5.80 
TEGYX  0.91  0.37  0.17 (1.39) 0.72 
(1.03)
 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  0.56  0.09  0.03  0.32  0.39 
(0.68)
 1.42 
(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 

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