Touchstone Small Correlations

Mutual Funds . USA . 
Fund . Touchstone Small Cap
TSFYX Fund  USD 14.89  0.16  1.06%   
The current 90-days correlation between Touchstone Small Cap and Touchstone Small Cap is -0.14 (i.e., Good 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 -0.11 (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 manufacturing.

Moving together with Touchstone Mutual Fund

  0.94TVOYX Touchstone Small CapPairCorr
  0.91TEGCX Touchstone Sands CapitalPairCorr
  0.94TEGAX Mid Cap GrowthPairCorr
  0.93TEGIX Mid Cap GrowthPairCorr
  0.93TEGYX Mid Cap GrowthPairCorr
  0.98SAGWX Sentinel Small PanyPairCorr
  0.92TEQCX Touchstone SustainabilityPairCorr
  0.92TEQAX Touchstone SustainabilityPairCorr
  0.98SSCOX Sentinel Small PanyPairCorr
  0.98TFCCX Touchstone Large CapPairCorr
  0.98SSRRX Sentinel SmallPairCorr
  0.95TFFCX Touchstone FocusedPairCorr
  0.93TFGRX Touchstone Mid CapPairCorr
  0.93TFFIX Touchstone FocusedPairCorr
  0.84SSSGX Sentinel Low DurationPairCorr
  0.94TFFYX Touchstone FocusedPairCorr
  0.93SBACX Sentinel BalancedPairCorr
  0.78FRACX Touchstone FlexiblePairCorr
  0.95TFOAX Touchstone FocusedPairCorr
  0.8TFSLX Touchstone FlexiblePairCorr
  0.93CFSIX Touchstone Sands CapitalPairCorr
  0.94TGVCX Growth OpportunitiesPairCorr
  0.94TGVFX Growth OpportunitiesPairCorr
  0.93TGVYX Growth OpportunitiesPairCorr
  0.93TGVVX Growth OpportunitiesPairCorr
  0.94SCRLX Sentinel Mon StockPairCorr
  0.94SCSCX Sentinel Mon StockPairCorr
  0.91THIYX 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
  0.91TIQIX Touchstone SustainabilityPairCorr
  0.94SENCX Sentinel Mon StockPairCorr
  0.89SWFCX Sentinel InternationalPairCorr
  0.89SWRLX Sentinel InternationalPairCorr
  0.92CISGX Touchstone Sands CapitalPairCorr
  0.98TLCIX 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 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  0.80  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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