Touchstone Sands Correlations

CFSIX Fund

USD 18.35 0.12 0.65%

The current 90-days correlation between Touchstone Sands Capital and Financial Industries Fund is 0.09 (i.e., Significant diversification). The correlation of Touchstone Sands 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 Sands Correlation With Market

Very weak diversification

The correlation between Touchstone Sands Capital and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Sands Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Touchstone Sands Capital. 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 gross domestic product.

Moving together with Touchstone Mutual Fund

0.78	TVOYX	Touchstone Small Cap	Pair Corr
0.79	SAGWX	Sentinel Small Pany	Pair Corr
0.8	TFCCX	Touchstone Large Cap	Pair Corr
0.76	SCSCX	Sentinel Mon Stock	Pair Corr
0.65	SEBLX	Sentinel Balanced	Pair Corr
0.76	SENCX	Sentinel Mon Stock	Pair Corr
0.84	CISGX	Touchstone Sands Capital	Pair Corr
0.77	SIGWX	Sentinel Small Pany	Pair Corr
0.83	TSNAX	Touchstone Sands Capital	Pair Corr
0.78	TCGLX	Touchstone Large Pany	Pair Corr
0.77	FAFGX	American Funds	Pair Corr
0.78	FFAFX	American Funds	Pair Corr
0.78	GFACX	Growth Fund	Pair Corr
0.78	GFAFX	Growth Fund	Pair Corr
0.78	AGTHX	Growth Fund	Pair Corr
0.78	CGFFX	Growth Fund	Pair Corr
0.78	CGFCX	Growth Fund	Pair Corr
0.78	CGFAX	Growth Fund	Pair Corr
0.78	CGFEX	Growth Fund	Pair Corr
0.78	RGAEX	Growth Fund	Pair Corr
0.82	HFCGX	Hennessy Nerstone Growth	Pair Corr
0.8	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.81	TEGYX	Mid Cap Growth	Pair Corr

Moving against Touchstone Mutual Fund

0.56	FFSAX	Touchstone Flexible	Pair Corr
0.44	TOHAX	Ohio Tax Free	Pair Corr
0.41	TOHIX	Touchstone Ohio Tax	Pair Corr

Related Correlations Analysis

	JFIFX	MCBXX	VFAIX	FGB	SBFAX	PFANX	FIKBX
JFIFX		0.24	0.97	0.78	1.0	0.47	1.0	JFIFX
MCBXX	0.24		0.21	0.46	0.24	0.58	0.25	MCBXX
VFAIX	0.97	0.21		0.78	0.97	0.45	0.97	VFAIX
FGB	0.78	0.46	0.78		0.76	0.7	0.78	FGB
SBFAX	1.0	0.24	0.97	0.76		0.44	1.0	SBFAX
PFANX	0.47	0.58	0.45	0.7	0.44		0.48	PFANX
FIKBX	1.0	0.25	0.97	0.78	1.0	0.48		FIKBX
	JFIFX	MCBXX	VFAIX	FGB	SBFAX	PFANX	FIKBX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Sands 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 Sands' 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
JFIFX	0.85	0.27	0.16	(3.18)	0.54	(0.98)	1.87	(1.35)	9.78
MCBXX	0.03	0.01	0.00	(0.12)	0.00	0.00	0.00	0.00	1.01
VFAIX	0.78	0.08	0.14	0.17	0.51	(0.91)	1.77	(1.22)	8.51
FGB	0.70	0.14	0.06	0.65	0.70	(0.89)	1.59	(1.25)	9.47
SBFAX	0.80	0.24	0.14	(2.68)	0.51	(0.94)	1.72	(1.44)	8.60
PFANX	0.10	0.01	(0.75)	0.61	0.00	(0.16)	0.22	(0.11)	0.54
FIKBX	0.83	0.27	0.18	(2.24)	0.51	(1.03)	1.88	(1.15)	9.76

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