Touchstone Dynamic International Etf Market Value
| TDI Etf | USD 29.23 0.14 0.48% |
| Symbol | Touchstone |
The market value of Touchstone Dynamic 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 Dynamic's value that differs from its market value or its book value, called intrinsic value, which is Touchstone Dynamic'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 Dynamic's market value can be influenced by many factors that don't directly affect Touchstone Dynamic'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 Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Touchstone Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Touchstone Dynamic'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 Dynamic '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 Dynamic'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 Dynamic.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Touchstone Dynamic on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Dynamic International or generate 0.0% return on investment in Touchstone Dynamic over 30 days. Touchstone Dynamic is related to or competes with Davis Select, Tidal ETF, Principal Value, WisdomTree Emerging, Ballast SmallMid, Vanguard Minimum, and Vanguard Value. Telephone and Data Systems, Inc., a telecommunications company, provides wireless, wireline, cable, and hosted and manag... More
Touchstone Dynamic 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 Dynamic'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 Dynamic International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.49 |
Touchstone Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Dynamic's standard deviation. In reality, there are many statistical measures that can use Touchstone Dynamic historical prices to predict the future Touchstone Dynamic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Dynamic'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 Dynamic Backtested Returns
Touchstone Dynamic owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0496, which indicates the etf had a -0.0496% return per unit of risk over the last 3 months. Touchstone Dynamic International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Touchstone Dynamic's Risk Adjusted Performance of (0.03), variance of 0.7748, and Coefficient Of Variation of (2,130) to confirm the risk estimate we provide. The entity has a beta of 0.43, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Touchstone Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone Dynamic is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Touchstone Dynamic International has poor predictability. Overlapping area represents the amount of predictability between Touchstone Dynamic time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Dynamic price movement. The serial correlation of 0.25 indicates that over 25.0% of current Touchstone Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Touchstone Dynamic lagged returns against current returns
Autocorrelation, which is Touchstone Dynamic 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 Dynamic's etf expected returns. We can calculate the autocorrelation of Touchstone Dynamic returns to help us make a trade decision. For example, suppose you find that Touchstone Dynamic 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 Dynamic 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 Dynamic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Dynamic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Touchstone Dynamic etf over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Dynamic Lagged Returns
When evaluating Touchstone Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Dynamic etf have on its future price. Touchstone Dynamic 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 Dynamic autocorrelation shows the relationship between Touchstone Dynamic etf current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Dynamic International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Touchstone Dynamic offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Touchstone Dynamic'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 Dynamic International Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Touchstone Dynamic International Etf:Check out Touchstone Dynamic Correlation, Touchstone Dynamic Volatility and Touchstone Dynamic Alpha and Beta module to complement your research on Touchstone Dynamic. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Touchstone Dynamic 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.