Touchstone Premium Yield Fund Market Value
| TPYYX Fund | USD 8.94 0.07 0.79% |
| Symbol | Touchstone |
Touchstone Premium '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 Premium'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 Premium.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Touchstone Premium on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Touchstone Premium Yield or generate 0.0% return on investment in Touchstone Premium over 540 days. Touchstone Premium is related to or competes with Europacific Growth, Europacific Growth, HUMANA, Barloworld, Thrivent High, Morningstar Unconstrained, and High-yield Municipal. The fund invests, under normal circumstances, at least 80 percent of its assets in equity and equity-related securities ... More
Touchstone Premium 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 Premium'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 Premium Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 1.4 |
Touchstone Premium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Premium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Premium's standard deviation. In reality, there are many statistical measures that can use Touchstone Premium historical prices to predict the future Touchstone Premium's volatility.| Risk Adjusted Performance | (0.00000503) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Premium'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 Premium Yield Backtested Returns
At this stage we consider Touchstone Mutual Fund to be very steady. Touchstone Premium Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0365, which indicates the fund had a 0.0365% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Touchstone Premium Yield, which you can use to evaluate the volatility of the fund. Please validate Touchstone Premium's Variance of 0.8994, risk adjusted performance of (0.00000503), and Coefficient Of Variation of (39,804) to confirm if the risk estimate we provide is consistent with the expected return of 0.0329%. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Touchstone Premium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone Premium is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Touchstone Premium Yield has modest predictability. Overlapping area represents the amount of predictability between Touchstone Premium time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Premium Yield price movement. The serial correlation of 0.52 indicates that about 52.0% of current Touchstone Premium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Touchstone Premium Yield lagged returns against current returns
Autocorrelation, which is Touchstone Premium 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 Premium's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Premium returns to help us make a trade decision. For example, suppose you find that Touchstone Premium 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 Premium 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 Premium mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Premium 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 Premium mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Premium Lagged Returns
When evaluating Touchstone Premium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Premium mutual fund have on its future price. Touchstone Premium 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 Premium autocorrelation shows the relationship between Touchstone Premium mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Premium Yield.
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 Premium 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 Premium security.
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