Touchstone Focused Fund Market Value
| TFFYX Fund | USD 75.56 0.20 0.27% |
| Symbol | Touchstone |
Touchstone Focused '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 Focused's 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 Focused.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Touchstone Focused on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Touchstone Focused Fund or generate 0.0% return on investment in Touchstone Focused over 360 days. Touchstone Focused is related to or competes with Bbh Intermediate, Ms Global, California Bond, Artisan Emerging, Rbc Bluebay, Multisector Bond, and Ultra-short Term. The fund invests, under normal market conditions, at least 80 percent of its assets in equity securities More
Touchstone Focused 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 Focused's 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 Focused Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7828 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.06 |
Touchstone Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Focused's standard deviation. In reality, there are many statistical measures that can use Touchstone Focused historical prices to predict the future Touchstone Focused's volatility.| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 0.0017 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1017 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Focused'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 Focused Backtested Returns
At this stage we consider Touchstone Mutual Fund to be very steady. Touchstone Focused owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Touchstone Focused Fund, which you can use to evaluate the volatility of the fund. Please validate Touchstone Focused's Risk Adjusted Performance of 0.0949, coefficient of variation of 796.7, and Semi Deviation of 0.632 to confirm if the risk estimate we provide is consistent with the expected return of 0.0858%. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Touchstone Focused's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone Focused is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Touchstone Focused Fund has good predictability. Overlapping area represents the amount of predictability between Touchstone Focused time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 Focused price movement. The serial correlation of 0.75 indicates that around 75.0% of current Touchstone Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 6.3 |
Touchstone Focused lagged returns against current returns
Autocorrelation, which is Touchstone Focused 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 Focused's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Focused returns to help us make a trade decision. For example, suppose you find that Touchstone Focused 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 Focused 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 Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Focused 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 Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Focused Lagged Returns
When evaluating Touchstone Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Focused mutual fund have on its future price. Touchstone Focused 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 Focused autocorrelation shows the relationship between Touchstone Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Focused Fund.
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 Focused 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 Focused security.
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |