Touchstone Ohio Tax Fund Price on November 20, 2023
| TOHYX Fund | USD 10.69 0.01 0.09% |
Below is the normalized historical share price chart for Touchstone Ohio Tax extending back to August 31, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Touchstone Ohio stands at 10.69, as last reported on the 3rd of June, with the highest price reaching 10.69 and the lowest price hitting 10.69 during the day.
If you're considering investing in Touchstone Mutual Fund, it is important to understand the factors that can impact its price. Touchstone Ohio Tax owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.17, which indicates the fund had a -0.17% return per unit of risk over the last 3 months. Touchstone Ohio Tax exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Touchstone Ohio's Risk Adjusted Performance of (0.11), coefficient of variation of (854.28), and Variance of 0.0206 to confirm the risk estimate we provide.
Touchstone Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Touchstone |
Sharpe Ratio = -0.1661
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| Negative Returns | TOHYX |
Estimated Market Risk
| 0.14 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Touchstone Ohio is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Touchstone Ohio by adding Touchstone Ohio to a well-diversified portfolio.
Touchstone Ohio Valuation on November 20, 2023
It is possible to determine the worth of Touchstone Ohio on a given historical date. On November 20, 2023 Touchstone was worth 10.55 at the beginning of the trading date compared to the closed value of 10.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Touchstone Ohio mutual fund. Still, in general, we apply an absolute valuation method to find Touchstone Ohio's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Touchstone Ohio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Touchstone Ohio's related companies.
| Open | High | Low | Close | Volume | |
| 10.54 | 10.54 | 10.38 | 10.38 | 1.00 | |
11/20/2023 | 10.55 | 10.55 | 10.39 | 10.39 | 1.00 |
| 10.57 | 10.57 | 10.41 | 10.41 | 1.00 |
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Touchstone Ohio Trading Date Momentum on November 20, 2023
| On November 21 2023 Touchstone Ohio Tax was traded for 10.41 at the closing time. The highest daily price throughout the period was 10.57 and the lowest price was 10.41 . There was no trading activity during the period 1.0. Lack of trading volume on 11/21/2023 added to the next day price jump. The trading price change to closing price of the next trading day was 0.19% . The trading price change to current closing price is 3.27% . |
Touchstone Ohio Tax Fundamentals Correlations and Trends
By evaluating Touchstone Ohio's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Touchstone Ohio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Touchstone financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Touchstone Ohio Mutual Fund history
Touchstone Ohio investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Touchstone is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Touchstone Ohio Tax will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Touchstone Ohio stock prices may prove useful in developing a viable investing in Touchstone Ohio
Under normal circumstances, the fund seeks to achieve its investment goal by investing its assets primarily in high-quality, municipal debt, including general obligation bonds, revenue bonds, and pre-refunded municipal bonds. This includes but is not limited to municipal bonds that are issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories that pay interest that is exempt from regular federal personal income tax.
Touchstone Ohio Mutual Fund Technical Analysis
Touchstone Ohio 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.
Price Boundaries
Touchstone Ohio Period Price Range
Low | November 20, 2023
| High |
10.55 | 10.39 |
Touchstone Ohio June 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Touchstone Ohio mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Touchstone Ohio shares will generate the highest return on investment. By undertsting and applying Touchstone Ohio mutual fund market strength indicators, traders can identify Touchstone Ohio Tax entry and exit signals to maximize returns
Touchstone Ohio Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Touchstone Ohio's price direction in advance. Along with the technical and fundamental analysis of Touchstone Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Touchstone to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.36) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Touchstone Ohio Tax. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.