Touchstone Arbitrage Fund Price on November 14, 2024
| TMAYX Fund | USD 9.33 0.03 0.32% |
Below is the normalized historical share price chart for Touchstone Arbitrage Fund extending back to October 01, 2013. 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 Arbitrage stands at 9.33, as last reported on the 25th of November, with the highest price reaching 9.33 and the lowest price hitting 9.33 during the day.
If you're considering investing in Touchstone Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Touchstone Mutual Fund to be very steady. Touchstone Arbitrage owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Touchstone Arbitrage Fund, which you can use to evaluate the volatility of the fund. Please validate Touchstone Arbitrage's Downside Deviation of 0.1586, risk adjusted performance of 0.0985, and Standard Deviation of 0.1421 to confirm if the risk estimate we provide is consistent with the expected return of 0.0221%.
Touchstone Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Touchstone |
Sharpe Ratio = 0.1603
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| Negative Returns | TMAYX |
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
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Touchstone Arbitrage is performing at about 12% of its full potential. 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 Arbitrage by adding it to a well-diversified portfolio.
Touchstone Arbitrage Valuation on November 14, 2024
It is possible to determine the worth of Touchstone Arbitrage on a given historical date. On November 14, 2024 Touchstone was worth 9.28 at the beginning of the trading date compared to the closed value of 9.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Touchstone Arbitrage mutual fund. Still, in general, we apply an absolute valuation method to find Touchstone Arbitrage'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 Arbitrage where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Touchstone Arbitrage's related companies.
| Open | High | Low | Close | Volume | |
| 9.27 | 9.27 | 9.27 | 9.27 | 1.00 | |
11/14/2024 | 9.28 | 9.28 | 9.28 | 9.28 | 1.00 |
| 9.26 | 9.26 | 9.26 | 9.26 | 1.00 |
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Touchstone Arbitrage Trading Date Momentum on November 14, 2024
| On November 15 2024 Touchstone Arbitrage Fund was traded for 9.26 at the closing time. The highest daily price throughout the period was 9.26 and the lowest price was 9.26 . There was no trading activity during the period 1.0. Lack of trading volume on 11/15/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 0.22% . The trading price change to current closing price is 0.54% . |
Touchstone Arbitrage Fundamentals Correlations and Trends
By evaluating Touchstone Arbitrage'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 Arbitrage'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 Arbitrage Mutual Fund history
Touchstone Arbitrage 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 Arbitrage 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 Arbitrage stock prices may prove useful in developing a viable investing in Touchstone Arbitrage
The fund invests, under normal circumstances, at least 80 percent of its assets in U.S. and non-U.S. debt instruments. The fund seeks to achieve its investment goal by investing in a wide array of debt securities or other debt instruments. The fund is non-diversified.
Touchstone Arbitrage Mutual Fund Technical Analysis
Touchstone Arbitrage 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 Arbitrage Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Touchstone Arbitrage Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Touchstone Arbitrage November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Touchstone Arbitrage 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 Arbitrage shares will generate the highest return on investment. By undertsting and applying Touchstone Arbitrage mutual fund market strength indicators, traders can identify Touchstone Arbitrage Fund entry and exit signals to maximize returns
Touchstone Arbitrage Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Touchstone Arbitrage'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 | 0.0985 | |||
| Jensen Alpha | 0.009 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.66) | |||
| Treynor Ratio | 0.2684 |
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| Volume Indicators |
Other Information on Investing in Touchstone Mutual Fund
Touchstone Arbitrage 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 Arbitrage security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
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