Touchstone Sands Capital Fund Market Value
| CFSIX Fund | USD 18.33 0.07 0.38% |
| Symbol | Touchstone |
Touchstone Sands '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 Sands' 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 Sands.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Touchstone Sands on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Touchstone Sands Capital or generate 0.0% return on investment in Touchstone Sands over 420 days. Touchstone Sands is related to or competes with Kinetics Small, Ab Small, Fisher Investments, Ancora/thelen Small-mid, Small Pany, Glg Intl, and Ab Small. The fund invests, under normal market conditions, at least 80 percent of its assets in common stocks of U.S More
Touchstone Sands 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 Sands' 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 Sands Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.0465 | |||
| Maximum Drawdown | 5.31 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.03 |
Touchstone Sands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Sands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Sands' standard deviation. In reality, there are many statistical measures that can use Touchstone Sands historical prices to predict the future Touchstone Sands' volatility.| Risk Adjusted Performance | 0.1059 | |||
| Jensen Alpha | 0.0589 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.042 | |||
| Treynor Ratio | 0.1586 |
Touchstone Sands Capital Backtested Returns
Touchstone Sands appears to be very steady, given 3 months investment horizon. Touchstone Sands Capital 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-eight technical indicators for Touchstone Sands Capital, which you can use to evaluate the volatility of the fund. Please review Touchstone Sands' Risk Adjusted Performance of 0.1059, semi deviation of 1.18, and Coefficient Of Variation of 748.21 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.0, which indicates possible diversification benefits within a given portfolio. Touchstone Sands returns are very sensitive to returns on the market. As the market goes up or down, Touchstone Sands is expected to follow.
Auto-correlation | 0.40 |
Average predictability
Touchstone Sands Capital has average predictability. Overlapping area represents the amount of predictability between Touchstone Sands time series from 30th of September 2023 to 27th of April 2024 and 27th of April 2024 to 23rd of November 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 Sands Capital price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Touchstone Sands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Touchstone Sands Capital lagged returns against current returns
Autocorrelation, which is Touchstone Sands 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 Sands' mutual fund expected returns. We can calculate the autocorrelation of Touchstone Sands returns to help us make a trade decision. For example, suppose you find that Touchstone Sands 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 Sands 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 Sands mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Sands 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 Sands mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Sands Lagged Returns
When evaluating Touchstone Sands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Sands mutual fund have on its future price. Touchstone Sands 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 Sands autocorrelation shows the relationship between Touchstone Sands mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Sands Capital.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Touchstone Mutual Fund
Touchstone Sands 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 Sands security.
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