Touchstone Small Pany Fund Market Value
| TICSX Fund | USD 6.34 0.05 0.79% |
| Symbol | Touchstone |
Touchstone Small '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 Small'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 Small.
| 06/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Touchstone Small on June 28, 2023 and sell it all today you would earn a total of 0.00 from holding Touchstone Small Pany or generate 0.0% return on investment in Touchstone Small over 300 days. Touchstone Small is related to or competes with Touchstone Small, Touchstone Sands, Mid Cap, Mid Cap, Mid Cap, Touchstone Sustainability, and Touchstone Sustainability. The fund invests at least 80 percent of its assets in small-capitalization companies More
Touchstone Small 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 Small'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 Small Pany upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.75 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.57 |
Touchstone Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Small's standard deviation. In reality, there are many statistical measures that can use Touchstone Small historical prices to predict the future Touchstone Small's volatility.| Risk Adjusted Performance | 0.0215 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0139 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Small'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 Small Pany Backtested Returns
Touchstone Small Pany owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0073, which indicates the fund had a -0.0073% return per unit of risk over the last 3 months. Touchstone Small Pany exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Touchstone Small's Risk Adjusted Performance of 0.0215, coefficient of variation of 3521.4, and Semi Deviation of 1.11 to confirm the risk estimate we provide. The entity has a beta of 1.4, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Touchstone Small will likely underperform.
Auto-correlation | -0.58 |
Good reverse predictability
Touchstone Small Pany has good reverse predictability. Overlapping area represents the amount of predictability between Touchstone Small time series from 28th of June 2023 to 25th of November 2023 and 25th of November 2023 to 23rd of April 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 Small Pany price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Touchstone Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Touchstone Small Pany lagged returns against current returns
Autocorrelation, which is Touchstone Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Small returns to help us make a trade decision. For example, suppose you find that Touchstone Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Small Lagged Returns
When evaluating Touchstone Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Small mutual fund have on its future price. Touchstone Small 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 Small autocorrelation shows the relationship between Touchstone Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Small Pany.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Touchstone Small in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Touchstone Small's short interest history, or implied volatility extrapolated from Touchstone Small options trading.
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Check out Touchstone Small Correlation, Touchstone Small Volatility and Touchstone Small Alpha and Beta module to complement your research on Touchstone Small. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Touchstone Small technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.