Touchstone Funds Group Fund Market Value
| TIMPX Fund | USD 9.01 0.01 0.11% |
| Symbol | Touchstone |
Touchstone Funds '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 Funds' 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 Funds.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Touchstone Funds on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Funds Group or generate 0.0% return on investment in Touchstone Funds over 180 days. Touchstone Funds is related to or competes with Touchstone Small, Touchstone Sands, Mid Cap, Mid Cap, Mid Cap, Sentinel Small, and Touchstone Sustainability. The fund invests, under normal circumstances, at least 80 percent of its net assets in fixed-income securities that meet... More
Touchstone Funds 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 Funds' 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 Funds Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.33 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.4435 |
Touchstone Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Funds' standard deviation. In reality, there are many statistical measures that can use Touchstone Funds historical prices to predict the future Touchstone Funds' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.49 |
Touchstone Funds Backtested Returns
Touchstone Funds owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the fund had a -0.11% return per unit of risk over the last 3 months. Touchstone Funds Group exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Touchstone Funds' Risk Adjusted Performance of (0.11), variance of 0.1055, and Coefficient Of Variation of (708.57) to confirm the risk estimate we provide. The entity has a beta of -0.0375, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Touchstone Funds are expected to decrease at a much lower rate. During the bear market, Touchstone Funds is likely to outperform the market.
Auto-correlation | -0.55 |
Good reverse predictability
Touchstone Funds Group has good reverse predictability. Overlapping area represents the amount of predictability between Touchstone Funds time series from 21st of June 2024 to 19th of September 2024 and 19th of September 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 Funds price movement. The serial correlation of -0.55 indicates that about 55.0% of current Touchstone Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Touchstone Funds lagged returns against current returns
Autocorrelation, which is Touchstone Funds 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 Funds' mutual fund expected returns. We can calculate the autocorrelation of Touchstone Funds returns to help us make a trade decision. For example, suppose you find that Touchstone Funds 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 Funds 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 Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Funds 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 Funds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Funds Lagged Returns
When evaluating Touchstone Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Funds mutual fund have on its future price. Touchstone Funds 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 Funds autocorrelation shows the relationship between Touchstone Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Funds Group.
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 Funds 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 Funds security.
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