Touchstone Etf Trust Etf Market Value
| LCF Etf | USD 37.35 0.19 0.51% |
| Symbol | Touchstone |
The market value of Touchstone ETF Trust is measured differently than its book value, which is the value of Touchstone that is recorded on the company's balance sheet. Investors also form their own opinion of Touchstone ETF's value that differs from its market value or its book value, called intrinsic value, which is Touchstone ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Touchstone ETF's market value can be influenced by many factors that don't directly affect Touchstone ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Touchstone ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Touchstone ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Touchstone ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Touchstone ETF '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 ETF's etf 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 ETF.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Touchstone ETF on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone ETF Trust or generate 0.0% return on investment in Touchstone ETF over 30 days. Touchstone ETF is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, and IShares Russell. The fund invests, under normal market conditions, at least 80 percent of its assets in U.S More
Touchstone ETF 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 ETF's etf 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 ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8046 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.04 |
Touchstone ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone ETF's standard deviation. In reality, there are many statistical measures that can use Touchstone ETF historical prices to predict the future Touchstone ETF's volatility.| Risk Adjusted Performance | 0.1235 | |||
| Jensen Alpha | 0.0075 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1375 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone ETF'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 ETF Trust Backtested Returns
At this point, Touchstone ETF is very steady. Touchstone ETF Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the etf had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Touchstone ETF Trust, which you can use to evaluate the volatility of the etf. Please validate Touchstone ETF's Risk Adjusted Performance of 0.1235, semi deviation of 0.5728, and Coefficient Of Variation of 614.74 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Touchstone ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone ETF is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Touchstone ETF Trust has very good predictability. Overlapping area represents the amount of predictability between Touchstone ETF time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 ETF Trust price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Touchstone ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Touchstone ETF Trust lagged returns against current returns
Autocorrelation, which is Touchstone ETF etf'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 ETF's etf expected returns. We can calculate the autocorrelation of Touchstone ETF returns to help us make a trade decision. For example, suppose you find that Touchstone ETF has exhibited high autocorrelation historically, and you observe that the etf 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 ETF 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 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Touchstone ETF etf over time.
Current vs Lagged Prices |
| Timeline |
Touchstone ETF Lagged Returns
When evaluating Touchstone ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone ETF etf have on its future price. Touchstone ETF 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 ETF autocorrelation shows the relationship between Touchstone ETF etf current value and its past values and can show if there is a momentum factor associated with investing in Touchstone ETF Trust.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Touchstone ETF Trust offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Touchstone ETF's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Touchstone Etf Trust Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Touchstone Etf Trust Etf:Check out Touchstone ETF Correlation, Touchstone ETF Volatility and Touchstone ETF Alpha and Beta module to complement your research on Touchstone ETF. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Touchstone ETF technical etf 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, etf market cycles, or different charting patterns.