Touchstone Strategic Financial Statements From 2010 to 2024
| SIO Etf | USD 25.92 0.02 0.08% |
Check Touchstone Strategic financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Touchstone Strategic's main balance sheet or income statement drivers, such as , as well as many indicators such as . Touchstone financial statements analysis is a perfect complement when working with Touchstone Strategic Valuation or Volatility modules.
Touchstone |
Touchstone Strategic Income ETF One Year Return Analysis
Touchstone Strategic's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Touchstone Strategic One Year Return | 11.70 % |
Most of Touchstone Strategic's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Touchstone Strategic Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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Based on the recorded statements, Touchstone Strategic Income has an One Year Return of 11.7%. This is much higher than that of the Touchstone family and significantly higher than that of the Multisector Bond category. The one year return for all United States etfs is notably lower than that of the firm.
About Touchstone Strategic Financial Statements
Touchstone Strategic investors utilize fundamental indicators, such as revenue or net income, to predict how Touchstone Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund invests, under normal market conditions, at least 80 percent of its assets in income producing fixed-income securities. Touchstone Strategic is traded on NYSEARCA Exchange in the United States.
Pair Trading with Touchstone Strategic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Touchstone Strategic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Touchstone Strategic will appreciate offsetting losses from the drop in the long position's value.Moving together with Touchstone Etf
Moving against Touchstone Etf
| 0.64 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.56 | VBK | Vanguard Small Cap | PairCorr |
| 0.56 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.53 | VTI | Vanguard Total Stock | PairCorr |
| 0.37 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Touchstone Strategic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchstone Strategic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Touchstone Strategic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Touchstone Strategic Income to buy it.
The correlation of Touchstone Strategic 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Touchstone Strategic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Strategic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Touchstone Strategic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Touchstone Strategic Correlation against competitors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Touchstone Strategic is measured differently than its book value, which is the value of Touchstone that is recorded on the company's balance sheet. Investors also form their own opinion of Touchstone Strategic's value that differs from its market value or its book value, called intrinsic value, which is Touchstone Strategic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Touchstone Strategic's market value can be influenced by many factors that don't directly affect Touchstone Strategic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Touchstone Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Touchstone Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Touchstone Strategic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.