Touchstone Ultra Competition

Mutual Funds . USA . 
Fund . Touchstone Ultra Short
TSDOX Fund  USD 9.24  0.01  0.11%   
Touchstone Ultra Short competes with Nuveen Nwq, Eaton Vance, Pimco High, Pimco Corporate, and Calamos Convertible; as well as few others. The fund is listed under Ultrashort Bond category and is part of Touchstone family. Analyzing Touchstone Ultra competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Touchstone Ultra to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Touchstone Ultra Correlation with its peers.

Touchstone Ultra vs T Rowe Correlation

Poor diversification

The correlation between Touchstone Ultra Short and PBDIX is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Ultra Short and PBDIX in the same portfolio, assuming nothing else is changed.

Moving together with Touchstone Mutual Fund

  0.99PTSPX Pimco Short TermPairCorr
  0.99PTSHX Short Term FundPairCorr
  0.99PSFAX Short Term FundPairCorr
  0.99PTSRX Short Term FundPairCorr
  0.99PSDNX Putnam Ultra ShortPairCorr

Moving against Touchstone Mutual Fund

  0.43XNBHX Neuberger Berman IntPairCorr
  0.42NXJ Nuveen New Jersey Potential GrowthPairCorr
  0.36XNXJX Nuveen New JerseyPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
9.149.249.34
Details
Intrinsic
Valuation
LowRealHigh
9.139.239.33
Details
Naive
Forecast
LowNextHigh
9.139.239.33
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.189.229.26
Details

Touchstone Ultra Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Touchstone Ultra and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Touchstone and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Touchstone Ultra Short does not affect the price movement of the other competitor.

High positive correlations

PHK
+ 0.95
NQWFX
PCN
+ 0.87
EOI
CHI
+ 0.82
PCN
CHI
+ 0.75
EOI
MQY
+ 0.73
CHI
MQY
+ 0.69
PCN
  

High negative correlations

WDI
- 0.58
NQWFX
WDI
- 0.56
PHK
WDI
- 0.45
EOI
HTD
- 0.41
NQWFX
HTD
- 0.38
PHK
WDI
- 0.37
NRK

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Ultra Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Touchstone Ultra's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NQWFX  0.16  0.02 (0.15) 0.18  0.00 
(0.21)
 0.40 
(0.26)
 1.03 
EOI  0.61  0.04 (0.04)(1.14) 0.76 
(0.62)
 1.03 
(1.37)
 3.77 
PHK  0.28  0.06 (0.01) 0.61  0.13 
(0.38)
 0.64 
(0.62)
 1.66 
PCN  0.34 (0.01)(0.12) 0.05  0.40 
(0.36)
 0.90 
(0.66)
 2.12 
CHI  0.84  0.01 (0.01) 0.08  1.06 
(0.87)
 1.82 
(1.65)
 4.33 
NRK  0.27  0.01 (0.14) 0.16  0.22 
(0.37)
 0.61 
(0.40)
 2.10 
MQY  0.32 (0.03) 0.00 (0.18) 0.00 
 0.00 
 0.70 
(0.62)
 1.66 
HTD  0.64 (0.05) 0.00 (0.07) 0.00 
 0.00 
 1.24 
(1.43)
 3.58 
WDI  0.41 (0.02) 0.00  0.45  0.00 
 0.00 
 0.72 
(0.93)
 2.95 
PBDIX  0.15 (0.02) 0.00 (0.19) 0.00 
 0.00 
 0.21 
(0.31)
 0.72 

Touchstone Ultra Competitive Analysis

The better you understand Touchstone Ultra competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Touchstone Ultra's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Touchstone Ultra's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
TSDOX NQWFX EOI PHK PCN CHI NRK MQY HTD WDI
 0.11 
 9.24 
Touchstone
 0.10 
 20.03 
Nuveen
 0.14 
 20.66 
Eaton
 0.61 
 4.95 
Pimco
 0.08 
 12.79 
Pimco
 0.44 
 11.24 
Calamos
 0.29 
 10.14 
Nuveen
 0.52 
 11.38 
Blackrock
 0.42 
 24.07 
John
 0.15 
 13.73 
Western
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Good
Solid
Weak
Solid
Weak
Weak
Fair
Weakest
Weakest
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
High
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Strong Sell
Trade Advice
(90 Days Macroaxis Advice)
Sell
Strong Sell
Strong Sell
Strong Hold
Hold
Strong Hold
Cautious Hold
Cautious Hold
Cautious Hold
Sell
Net Asset
917.23 M
985.47 M
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.17 B
EBITDA
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
70.31 M
Price To Book
N/A
N/A
1.06
1.03
0.88
0.89
0.71
0.74
1.08
0.92
Five Year Return
3.4
3.28
12.52
7.48
7.92
3.93
-1.61
-0.96
10.13
N/A
Retained Earnings
N/A
N/A
N/A
N/A
N/A
N/A
(2.78 M)
N/A
N/A
(249.62 M)
One Year Return
4.62
11.68
9.26
12.27
12.68
22.82
1.74
3.09
14.16
N/A
Beta
N/A
N/A
1.03
0.71
0.8
1.25
0.33
0.24
0.94
N/A
Cash Position Weight
11.6
2.95
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Equity Positions Weight
N/A
15.55
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Shares Outstanding
N/A
N/A
39.41 M
135.56 M
41.68 M
71.75 M
87.24 M
73.19 M
35.41 M
51.83 M
Three Year Return
5.56
7.77
20.22
12.7
13.61
14.34
1.3
2.31
10.63
N/A
Annual Yield
0.0455
0.057
0.0068
0.0081
0.0067
0.0063
0.0048
0.0082
0.0048
0.13
Total Debt
N/A
N/A
N/A
484.48 M
308.81 M
531.8 M
771.88 M
681.09 M
418.9 M
358 M
Return On Equity
N/A
N/A
10.31
25.13
5.5
-15.82
-0.55
-13.68
7.61
-18.35
Bond Positions Weight
87.36
5.41
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Number Of Shares Shorted
N/A
N/A
53.76 K
35.86 K
46.97 K
29.96 K
21.43 K
35.51 K
152.55 K
58.75 K
Minimum Initial Investment
2.5 K
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
41.3 M
1.49 B
N/A
N/A
N/A
N/A
78.1 M
N/A
N/A
1.17 B
Last Dividend Paid
0.01
0.08
1.31
0.58
1.35
1.14
0.49
0.56
1.66
N/A
Short Ratio
N/A
N/A
0.47
0.09
0.36
0.15
0.08
0.14
1.98
0.05
Shares Owned By Institutions
N/A
N/A
19.4
10.27
10.84
45.12
27.36
15.69
14.04
22.5
Market Capitalization
N/A
N/A
695.92 M
763.02 M
647.22 M
526.25 M
997.1 M
935.07 M
907.19 M
711.64 M
Price To Earning
N/A
N/A
9.84
12.51
17.24
3.89
54.51
21.05
11.81
51.63
Price To Sales
N/A
N/A
62.93
8.45
8.92
-52.95
13.23
12.78
14.49
11.05
Net Income
N/A
N/A
72.85 M
(99.1 M)
(87.72 M)
(155.03 M)
(6.94 M)
94.66 M
67.69 M
70.31 M
Earnings Per Share
N/A
N/A
1.7
0.39
0.73
2.86
0.19
0.56
-3.53
1.21
Year To Date Return
0.21
1.31
0.49
0.6
0.52
6.64
0.17
0.23
2.08
N/A
Revenue
N/A
N/A
10.45 M
78.25 M
59.03 M
(15.09 M)
69.36 M
67.5 M
56.91 M
94.9 M
Ten Year Return
1.21
7.23
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Day Typical Price
9.24
20.03
20.68
4.94
12.79
11.25
10.16
11.42
24.09
13.73
Accumulation Distribution
N/A
N/A
0.0096
6109.65
1310.21
1650.61
1138.87
3442.87
449.22
0.0058
Market Facilitation Index
N/A
N/A
0.2
N/A
N/A
0.0
N/A
0.0
0.0
0.08
Daily Balance Of Power
9.2 T
9.2 T
(0.15)
1.0
(0.14)
(0.42)
(0.60)
(0.40)
0.5
0.25
Period Momentum Indicator
0.01
0.02
(0.03)
0.03
(0.01)
(0.05)
(0.03)
(0.06)
0.1
0.02
Rate Of Daily Change
1.0
1.0
1.0
1.01
1.0
1.0
1.0
0.99
1.0
1.0
Day Median Price
9.24
20.03
20.69
4.94
12.8
11.25
10.16
11.43
24.1
13.73
Price Action Indicator
0.005
0.01
(0.04)
0.03
(0.01)
(0.04)
(0.04)
(0.09)
0.02
0.01
Relative Strength Index
74.83
66.34
54.95
68.33
57.63
57.86
58.13
47.65
53.98
45.45
Coefficient Of Variation
510.66
448.25
1585.93
477.22
1962.0
1519.92
1145.47
(4,067)
(5,882)
(4,673)
Mean Deviation
0.0491
0.1622
0.6066
0.2792
0.3354
0.8436
0.2741
0.3179
0.6397
0.4069
Jensen Alpha
0.0101
0.0233
0.0407
0.0583
(0.01)
0.0051
0.0125
(0.03)
(0.05)
(0.02)
Total Risk Alpha
(0.000035)
0.0171
(0.04)
0.0309
(0.03)
(0.04)
(0.01)
(0.06)
(0.10)
(0.07)
Sortino Ratio
N/A
(0.15)
(0.04)
(0.01)
(0.12)
(0.01)
(0.14)
N/A
N/A
N/A
Downside Variance
N/A
0.0491
0.6474
0.2103
0.2292
1.24
0.1163
N/A
N/A
N/A
Standard Deviation
0.1005
0.2146
0.7662
0.3626
0.4659
1.1
0.371
0.3997
0.8306
0.547
Kurtosis
14.53
0.4359
0.2872
0.6016
0.9479
0.3713
1.75
(0.54)
0.666
1.44
Potential Upside
0.1088
0.4022
1.03
0.6356
0.8958
1.82
0.6061
0.6981
1.24
0.7153
Treynor Ratio
(1.79)
0.1843
(1.14)
0.6115
0.0473
0.0773
0.1607
(0.18)
(0.07)
0.4485
Maximum Drawdown
0.6529
1.03
3.77
1.66
2.12
4.33
2.1
1.66
3.58
2.95
Variance
0.0101
0.0461
0.5871
0.1315
0.2171
1.2
0.1377
0.1598
0.6898
0.2992
Market Risk Adjusted Performance
(1.78)
0.1943
(1.13)
0.6215
0.0573
0.0873
0.1707
(0.17)
(0.06)
0.4585
Risk Adjusted Performance
0.0807
0.1395
0.0467
0.1435
0.0317
0.0516
0.0543
(0.03)
(0.01)
(0.02)
Skewness
3.19
(0.07)
(0.27)
(0.27)
0.3311
(0.06)
0.6788
0.1213
(0.26)
(0.83)
Semi Deviation
N/A
0.0
0.7589
0.1341
0.4021
1.06
0.2222
N/A
N/A
N/A
Information Ratio
(0.61)
(0.15)
(0.04)
(0.01)
(0.12)
(0.01)
(0.13)
(0.23)
(0.11)
(0.17)
Value At Risk
N/A
(0.26)
(1.37)
(0.62)
(0.66)
(1.65)
(0.40)
(0.62)
(1.43)
(0.93)
Expected Short fall
N/A
(0.21)
(0.62)
(0.38)
(0.36)
(0.87)
(0.37)
N/A
N/A
N/A
Downside Deviation
N/A
0.2216
0.8046
0.4586
0.4787
1.11
0.341
N/A
N/A
N/A
Semi Variance
N/A
(0.02)
0.5759
0.018
0.1617
1.12
0.0494
N/A
N/A
N/A

Touchstone Ultra Competition Performance Charts

Five steps to successful analysis of Touchstone Ultra Competition

Touchstone Ultra's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Touchstone Ultra Short in relation to its competition. Touchstone Ultra's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Touchstone Ultra in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Touchstone Ultra's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Touchstone Ultra Short, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Touchstone Mutual Fund

Touchstone Ultra 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 Ultra security.
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