Touchstone Mid One Year Return vs. Equity Positions Weight
| TMCTX Fund | USD 53.97 0.59 1.11% |
For Touchstone Mid profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Touchstone Mid to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Touchstone Mid Cap utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Touchstone Mid's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Touchstone Mid Cap over time as well as its relative position and ranking within its peers.
Touchstone |
Touchstone Mid Cap Equity Positions Weight vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Touchstone Mid's current stock value. Our valuation model uses many indicators to compare Touchstone Mid value to that of its competitors to determine the firm's financial worth. Touchstone Mid Cap is rated fourth largest fund in one year return among similar funds. It is rated third largest fund in equity positions weight among similar funds making about 6.69 of Equity Positions Weight per One Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Touchstone Mid's earnings, one of the primary drivers of an investment's value.Touchstone Equity Positions Weight vs. One Year Return
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.
Touchstone Mid |
| = | 14.77 % |
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.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Touchstone Mid |
| = | 98.78 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Touchstone Equity Positions Weight Comparison
Touchstone Mid is currently under evaluation in equity positions weight among similar funds.
Touchstone Mid Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Touchstone Mid, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Touchstone Mid will eventually generate negative long term returns. The profitability progress is the general direction of Touchstone Mid's change in net profit over the period of time. It can combine multiple indicators of Touchstone Mid, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests, under normal market conditions, at least 80 percent of its assets in common stocks of medium capitalization U.S. listed companies. For purposes of the fund, a medium capitalization company has a market capitalization found within the range of market capitalizations represented in the Russell Midcap Index at the time of purchase. The size of the companies in the Russell Midcap Index will change with market conditions.
Touchstone Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Touchstone Mid. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Touchstone Mid position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Touchstone Mid's important profitability drivers and their relationship over time.
Use Touchstone Mid in pair-trading
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 Mid 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 Mid will appreciate offsetting losses from the drop in the long position's value.Touchstone Mid Pair Trading
Touchstone Mid Cap Pair Trading Analysis
The ability to find closely correlated positions to Touchstone Mid 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 Mid 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 Mid - 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 Mid Cap to buy it.
The correlation of Touchstone Mid 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 Mid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Mid Cap 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 Mid 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.Use Investing Themes to Complement your Touchstone Mid position
In addition to having Touchstone Mid in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Blockchain
Companies across muliple sectors and different technology products and services that are engaged in some capacity with blockchain technolgoy or evolution of cryptocurrency. The Blockchain theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Blockchain Theme or any other thematic opportunities.
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Other Information on Investing in Touchstone Mutual Fund
To fully project Touchstone Mid's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Touchstone Mid Cap at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Touchstone Mid's income statement, its balance sheet, and the statement of cash flows.
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