Touchstone Flexible Income Fund Market Value
| FRACX Fund | USD 10.20 0.01 0.1% |
| Symbol | Touchstone |
Touchstone Flexible 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Touchstone Flexible's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Touchstone Flexible.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Touchstone Flexible on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Flexible Income or generate 0.0% return on investment in Touchstone Flexible over 60 days. Touchstone Flexible is related to or competes with Artisan High, Versatile Bond, Morningstar Defensive, National Tax, Blrc Sgy, Bbh Intermediate, and T Rowe. Under normal circumstances, the fund invests at least 80 percent of its assets in income-producing securities such as in... More
Touchstone Flexible Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Touchstone Flexible's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Touchstone Flexible Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 0.8829 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.295 |
Touchstone Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Flexible's standard deviation. In reality, there are many statistical measures that can use Touchstone Flexible historical prices to predict the future Touchstone Flexible's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 3.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Flexible's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Touchstone Flexible Backtested Returns
Touchstone Flexible owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0851, which indicates the fund had a -0.0851% return per unit of risk over the last 3 months. Touchstone Flexible Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Touchstone Flexible's Risk Adjusted Performance of (0.09), variance of 0.0375, and Coefficient Of Variation of (1,104) to confirm the risk estimate we provide. The entity has a beta of -0.009, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Touchstone Flexible are expected to decrease at a much lower rate. During the bear market, Touchstone Flexible is likely to outperform the market.
Auto-correlation | -0.06 |
Very weak reverse predictability
Touchstone Flexible Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Touchstone Flexible time series from 19th of October 2024 to 18th of November 2024 and 18th of November 2024 to 18th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Touchstone Flexible price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Touchstone Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Touchstone Flexible lagged returns against current returns
Autocorrelation, which is Touchstone Flexible mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Touchstone Flexible's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Flexible returns to help us make a trade decision. For example, suppose you find that Touchstone Flexible has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Touchstone Flexible regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Touchstone Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Flexible mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Touchstone Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Flexible Lagged Returns
When evaluating Touchstone Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Flexible mutual fund have on its future price. Touchstone Flexible autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Touchstone Flexible autocorrelation shows the relationship between Touchstone Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Flexible Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Touchstone Mutual Fund
Touchstone Flexible financial ratios help investors to determine whether Touchstone Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Touchstone with respect to the benefits of owning Touchstone Flexible security.
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